What is financial advice?

Expert financial advice can help you organise your finances and project the results of your savings and investments so you can see how well prepared you are for the future. They can also help you make decisions with your money that will aim to help you reach your financial goals as efficiently as possible.

Financial advice can cover a range of services such as, investing, inheritance tax planning, pension planning and protection.

Two people sitting on a sofa in discussion

What is financial advice?

  • Expert opinions

Speak directly with financial experts, who are ready to support you with your financial goals.

  • Tailored support

Receive a personalised financial plan built around you and where you want to be in the future.

  • Ongoing or one-off financial advice

Choose between receiving regular guidance from an experienced financial adviser or one-off advice.  In either instance you will receive a unique financial plan based on your personal situation.


When should I consider advice?

There are many times in life where advice can make a difference.  Some of the instances are: 

  • Planning for retirement 
  • Passing on your wealth 
  • Expecting an inheritance 
  • Investing for the future 
  • Key life events such as; Marriage, new job or career change, starting a family





Does Bank of Scotland offer financial advice?

Schroders Personal Wealth is a financial advice company, formed by Bank of Scotland and Schroders, a partnership with a combined experience of 400 years in banking and investing. You can apply for the service if you have:

  • At least £100,000 in sole income
  • Or, at least £100,000 spread across joint savings, investments and personal pensions
  • And, are UK resident and at least 18 years of age (product restrictions apply if you're aged 80+)

Advice for your financial future

Learn about the services available with Schroders Personal Wealth and how they’ve helped others reach their financial goals.

Wealth Management

How expensive is advice?

Schroders Personal Wealth specialist advisers provide all customers with a free personalised financial plan.

Charges will then only apply if you choose to take out a product or service. The amount will vary depending on the type of advice you choose.

Fees & charges

Can I just manage my finances myself?

We have options available if you want to manage your finances yourself, but before you do you may want to consider:

  • Do you have time to do the research?
  • Do you have the experience, knowledge or skills to support you achieving your financial goals as efficiently as possible?
  • Do you have the expertise around investments, pensions, protection or inheritance planning?

If your answer to any of these is no, then you may want to consider seeking expert financial advice.

Manage your finances yourself


Investing for the future can help you achieve your financial goals. You can Pick your own stocks and share, funds and more, or invest across our 3 ready-made funds.

More about investments


There may be an opportunity for you to manage your pensions more effectively and help make you plans for the future reality.

Take a look

Life Insurance

Life insurance could pay out a cash lump sum if you die before your policy ends.

It can act like a safety net and could help your loved ones cope financially when you can’t be there. 

More about life insurance