{"id":13662,"date":"2024-04-22T09:00:00","date_gmt":"2024-04-22T13:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/?p=13662"},"modified":"2024-04-18T11:27:58","modified_gmt":"2024-04-18T15:27:58","slug":"financial-planning-why-advice-is-critical-through-the-good-times-and-bad","status":"publish","type":"post","link":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad","title":{"rendered":"Financial planning: Why advice is critical through the good times and bad"},"content":{"rendered":"\n

Putting financial plans in place to help you accumulate, enjoy and preserve your wealth is essential, but it\u2019s arguably just as important to make sure those plans are reviewed on a regular basis.<\/p>\n\n\n\n

Here we provide five reasons why ongoing financial planning advice is necessary.<\/p>\n\n\n\n

1. It can keep your wealth-planning goals on track<\/strong><\/h2>\n\n\n\n

Most people will have financial plans for short-, mid- and long-term goals \u2013 from buying a house and paying children\u2019s university fees, to planning for retirement and passing on wealth to the next generation.<\/p>\n\n\n\n

These broad goals typically don’t change much over time. But other life events come along \u2013 new family members, a business sale, unexpected illness and international relocation, to name a few.<\/p>\n\n\n\n

Then there are external factors, such as changes to financial legislation and tax rules, rising and falling inflation and interest rates, and the emergence of new financial products. All of these can have an impact on your financial plan.  <\/p>\n\n\n\n

Regular reviews of your financial position at any given time can help ensure your plan always aligns with your goals and takes into consideration any such changes.<\/p>\n\n\n\n

\u201cWealth-planning<\/a> advice is never \u2018one and done,\u2019\u201d says Nick Ritchie, senior director of Wealth Planning at RBC Wealth Management in the British Isles. \u201cThe reality is that any advice has a shelf life, especially when dealing with longer-term planning. Personal circumstances and legislation governing the structures and products held inevitably changes. If you look back 10 or 20 years, the picture is completely different. Advice that was suitable at the time is naturally going to expire and needs to be reviewed.\u201d<\/p>\n\n\n\n

Such reviews can assist in adhering to the intended plan. \u201cWe don\u2019t often see clients looking to make massive changes to their goals unless something has shifted in their life circumstances,\u201d says Annabel Bosman, regional centre head \u2013 London and South-East for RBC Brewin Dolphin. \u201cBut through constant dialogue, we can make small course corrections that make all the difference in the long run.\u201d<\/p>\n\n\n\n

\n

Planning that powers your ideas<\/strong><\/h4>\n\n\n\n

Our wealth planning team can help put your plans on a path for success.<\/p>\n\n\n\n

\nContact us<\/a>\n<\/div>\n<\/div><\/div><\/div><\/section>\n\n\n\n

Ongoing financial advice can help support your personal timeline over the long term<\/h3>\n\n\n\n
\"A
Source: RBC Wealth Management. For illustrative purposes only.<\/figcaption><\/figure>\n\n\n\n

2. It can cut out the “noise”<\/strong><\/h2>\n\n\n\n

Investment experts stress how important it is to avoid “noise” in the markets and not make emotionally charged financial decisions<\/a>. However, when wars are taking place, the political landscape is unpredictable and the economic picture is mixed, it\u2019s understandable that people will either want to move into “safer” investments or, on the flip side, try to take advantage of market conditions<\/a>.<\/p>\n\n\n\n

 \u201cTaking such a short-term, reactive view might seem reasonable,\u201d says Chris Matthews, managing director at RBC Wealth Management in the British Isles. \u201cHowever, it\u2019s at times like this that investors really need to go back to basics and remain focused on long-term goals. Having an advisor that understands you and who can respectfully challenge your thinking gives you the opportunity to take a step back and pause for a moment.\u201d<\/p>\n\n\n\n

This plan of action can work when there are both positive and negative stimuli. For instance, a new investing trend may come along that you think you should be in on but may be wholly inappropriate. Likewise, an external event, such as a change in government, may cause market turmoil<\/a> and make you want to reconsider your investments.<\/p>\n\n\n\n

3. It encourages accountability<\/strong><\/h2>\n\n\n\n

Having an advisor check in with you on a regular basis can provide external accountability. It\u2019s possible to get overwhelmed by news headlines and forget that you started out on a journey of wanting to achieve certain wealth goals. It\u2019s also easy to get complacent, thinking an initial planning exercise will solve for all problems forevermore. <\/p>\n\n\n\n

\u201cWorking with an advisor over time means they can also ask the questions that aren\u2019t easy,\u201d says Matthews. \u201cWe often have to ask challenging questions around the reasons why clients want to take certain actions, which typically uncovers something unexpected that even the client hasn\u2019t realised. This will then help with making informed decisions that are in-line with their goals.\u201d<\/p>\n\n\n\n

\u201cThis external counsel of an advisor can be especially important if there is a couple involved,\u201d adds Bosman. \u201cThere may be a difference of opinion or uncertainty on how to proceed. We know that women often approach wealth planning in a different way than men, for instance, and are often more engaged with ongoing planning around life stages. Working with an advisor can help both parties come to an agreed-upon approach.\u201d<\/p>\n\n\n\n

4. It can support multi-generational wealth transfer<\/strong><\/h2>\n\n\n\n

An RBC survey revealed that inheritance tax<\/a> and gifting are the biggest financial concerns of high-net-worth individuals \u2013 but the same survey also shows that 55 percent of respondents need guidance on educating the next generation about wealth.1<\/sup><\/p>\n\n\n\n

As much as ongoing financial advice can assist with efficient estate planning, an advisor can play a pivotal role in working with families to understand how wealth will pass from one generation<\/a> to the next.<\/p>\n\n\n\n

\u201cEvery family is different, and discussions around wealth can be quite sensitive,\u201d says Ritchie. \u201cIndeed, it does happen where a family doesn\u2019t talk about wealth transfer and then a parent dies and the children suddenly inherit wealth that they weren\u2019t expecting and aren\u2019t equipped to handle the emotional and financial implications.\u201d<\/p>\n\n\n\n

An advisor can facilitate these sometimes uncomfortable conversations based on what they already know about the older generations and their objectives. What\u2019s more, they can put multi-generational teams in place where it makes sense for younger members of the family to be speaking to younger advisors who will be on a similar wavelength.<\/p>\n\n\n\n

\u201cBy taking this approach, we can help people pass wealth in exactly the way they would hope, and manage the process over years, even decades,\u201d says Matthews.<\/p>\n\n\n\n

5. It can anticipate potential problem areas \u2013 and opportunities<\/strong><\/h2>\n\n\n\n

If you have a long-term, ongoing relationship with an advisor<\/a> or an advisory team, that relationship can give you reassurance not only in times of market turmoil, but also when your personal circumstances change.<\/p>\n\n\n\n

\u201cOur teams not only get under the skin of our clients\u2019 financial goals, but try to get to know them as people as much as we can,\u201d says Matthews. \u201cWhat drives them, what their life ambitions are, what their outlook on life is. That helps us anticipate what they need financially, and potentially spot problems \u2013 and opportunities \u2013 before even they realise them.”<\/p>\n\n\n\n

These discussions form an integral part of annual reviews, which document your ongoing planning with regard to investment, tax-efficient structuring, cashflow management, inheritance-tax planning and other considerations that might arise in the future, such as angel investing and philanthropy<\/a>.<\/p>\n\n\n\n

\u201cFor an ongoing-advice client, we might have 20 or 30 interactions throughout the year,\u201d says Ritchie. \u201cBut the annual review is a line in the sand where the entire picture is formally documented. So, it\u2019s not just a summary of your products, but a record of how you’re feeling about your succession plan, your goals in retirement and so on.<\/p>\n\n\n\n

“This ties back to accountability and is a very useful living document that can be stored alongside wills, insurance policies and other paperwork, to provide a \u2018black box\u2019 in the event a surviving spouse or the next generation has to pick up the affairs unexpectedly.\u201d<\/p>\n\n\n\n

\n\n\n\n

1<\/sup> RBC Wealth Management survey, November 2023. Sample: 600 UK-based HNW individuals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.<\/p>\n","protected":false},"author":15,"featured_media":13663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rbcwm_post_date":"","editor_notices":[],"rbc_url_alias":"","rbcwm_featured_desktop_image_position":"","rbcwm_featured_mobile_image_position":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[108,139],"tags":[559,342,560,558],"rbcwm_content_owner":[],"rbcwm_need":[],"rbcwm_segment":[97],"rbcwm_solution":[99,119],"rbcwm_topic":[109],"rbcwm_channel":[],"rbcwm_format":[],"class_list":["post-13662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","category-wealth-planning","tag-financial-plan","tag-financial-planning","tag-financial-planning-advice","tag-pensions-advice","rbcwm_segment-individuals-and-families","rbcwm_solution-investments","rbcwm_solution-wealth-planning","rbcwm_topic-your-wealth"],"acf":{"rbcwm_subtitle":"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.","rbcwm_post_author":"","rbcwm_custom_breadcrumb_text":"","rbcwm_custom_breadcrumb_link_url":"","rbcwm_disclaimers":{"add_disclosures":"","perspective_disclaimer":"","expandable":"","omit_from_pages":[],"disclaimer_footnote":""},"rbcwm_insight_cta_id":[14515],"rbcwm_pagination":{"next_link":"","next_link_text":"Next article","previous_link":"","previous_link_text":"Previous article"},"rbcwm_video_duration":"","article_time":"","rbcwm_enable_toc":false,"rbcwm_toc_selector":"h2"},"yoast_head":"\nFinancial planning: Why advice is critical through the good times and bad<\/title>\n<meta name=\"description\" content=\"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial planning: Why advice is critical through the good times and bad\" \/>\n<meta property=\"og:description\" content=\"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-22T13:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/scl-advisor-showing-documents-to-couple-at-home.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"taravandenberg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\"},\"author\":{\"name\":\"taravandenberg\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b\"},\"headline\":\"Financial planning: Why advice is critical through the good times and bad\",\"datePublished\":\"2024-04-22T13:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\"},\"wordCount\":1246,\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg\",\"keywords\":[\"financial plan\",\"financial planning\",\"financial planning advice\",\"pensions advice\"],\"articleSection\":[\"Investing\",\"Wealth planning\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\",\"name\":\"Financial planning: Why advice is critical through the good times and bad\",\"isPartOf\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg\",\"datePublished\":\"2024-04-22T13:00:00+00:00\",\"description\":\"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg\",\"width\":3210,\"height\":2140,\"caption\":\"Advisor showing documents to a young couple at their home\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial planning: Why advice is critical through the good times and bad\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#website\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/\",\"name\":\"RBC Wealth Management\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#organization\",\"name\":\"RBC Wealth Management\",\"alternateName\":\"RBC Wealth Management\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2023\/02\/rbc.png\",\"contentUrl\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2023\/02\/rbc.png\",\"width\":3000,\"height\":2000,\"caption\":\"RBC Wealth Management\"},\"image\":{\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b\",\"name\":\"taravandenberg\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g\",\"caption\":\"taravandenberg\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Financial planning: Why advice is critical through the good times and bad","description":"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad","og_locale":"en_GB","og_type":"article","og_title":"Financial planning: Why advice is critical through the good times and bad","og_description":"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.","og_url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad","og_site_name":"RBC Wealth Management","article_published_time":"2024-04-22T13:00:00+00:00","og_image":[{"width":1200,"height":627,"url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/scl-advisor-showing-documents-to-couple-at-home.jpg","type":"image\/jpeg"}],"author":"taravandenberg","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#article","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad"},"author":{"name":"taravandenberg","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b"},"headline":"Financial planning: Why advice is critical through the good times and bad","datePublished":"2024-04-22T13:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad"},"wordCount":1246,"publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#organization"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg","keywords":["financial plan","financial planning","financial planning advice","pensions advice"],"articleSection":["Investing","Wealth planning"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad","url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad","name":"Financial planning: Why advice is critical through the good times and bad","isPartOf":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage"},"thumbnailUrl":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg","datePublished":"2024-04-22T13:00:00+00:00","description":"Regular reviews with your financial advisor can help you better achieve your wealth goals and avoid missed opportunities throughout your life.","breadcrumb":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#primaryimage","url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg","width":3210,"height":2140,"caption":"Advisor showing documents to a young couple at their home"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/insights\/financial-planning-why-advice-is-critical-through-the-good-times-and-bad#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/"},{"@type":"ListItem","position":2,"name":"Financial planning: Why advice is critical through the good times and bad"}]},{"@type":"WebSite","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#website","url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/","name":"RBC Wealth Management","description":"","publisher":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#organization","name":"RBC Wealth Management","alternateName":"RBC Wealth Management","url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/logo\/image\/","url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2023\/02\/rbc.png","contentUrl":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2023\/02\/rbc.png","width":3000,"height":2000,"caption":"RBC Wealth Management"},"image":{"@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/person\/8803578712bd073b70bbc17e6909b59b","name":"taravandenberg","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/807f9a5b689d28ecee3262e00b8755e7d4849ada61e3144de1a2d65c713bfc12?s=96&d=mm&r=g","caption":"taravandenberg"}}]}},"jetpack_featured_media_url":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-content\/uploads\/sites\/9\/2024\/04\/advisor-showing-documents-to-couple-at-home.jpg","jetpack_sharing_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-22 00:11:11","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"RBC Wealth Management","distributor_original_site_url":"https:\/\/www.rbcwealthmanagement.com\/en-eu","push-errors":false,"last_revision_date":"2024-08-19 10:13:18","_links":{"self":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/posts\/13662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/comments?post=13662"}],"version-history":[{"count":35,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/posts\/13662\/revisions"}],"predecessor-version":[{"id":15131,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/posts\/13662\/revisions\/15131"}],"acf:post":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_cta\/14515"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/media\/13663"}],"wp:attachment":[{"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/media?parent=13662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/categories?post=13662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/tags?post=13662"},{"taxonomy":"rbcwm_content_owner","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_content_owner?post=13662"},{"taxonomy":"rbcwm_need","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_need?post=13662"},{"taxonomy":"rbcwm_segment","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_segment?post=13662"},{"taxonomy":"rbcwm_solution","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_solution?post=13662"},{"taxonomy":"rbcwm_topic","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_topic?post=13662"},{"taxonomy":"rbcwm_channel","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_channel?post=13662"},{"taxonomy":"rbcwm_format","embeddable":true,"href":"https:\/\/www.rbcwealthmanagement.com\/en-eu\/wp-json\/wp\/v2\/rbcwm_format?post=13662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}