Wealth management brings together all aspects of financial planning and investment management into one integrated, holistic service. It is a bespoke service that is designed to protect, grow and nurture your wealth in a way that suits your individual needs.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Wealth Management is a Professional Service

If you’re currently managing your own investments, you might need an expert to answer the ‘big picture’ questions, which is where a Wealth Management Adviser can be a valuable resource.

Wealth management focuses holistically on all components of financial health, not just investing, to achieve your goals. This includes:

Savings & Investments – defining what you are saving for, how much you will need, what period of time is available, your risk appetite, and constructing a portfolio to meet your goals.

Protection – developing a life insurance strategy, ensuring you have adequate medical insurance, protection against loss of personal assets and income, and professional liability if needed.

Retirement Planning – ensuring you have enough money to live on plus cover any large expenditures (such as grandchildren’s college fees or care home costs) during retirement.

Cash – making sure you have enough reserves or access to credit to deal with emergencies.

Business – putting a succession plan in place, arranging an optimal transfer of business interests, an exit strategy and minimising tax liabilities.

Estate Planning – creating and executing a plan to reduce inheritance tax and maximising distribution of your assets to chosen beneficiaries.

How Wealth Managers Work?

From a client’s perspective, a wealth manager is a single point of contact who looks after, plans, manages, and enhances their personal and family wealth. The single point of contact aspect of wealth management simplifies dealing with financial issues and ensures a more holistic and rounded approach.

To achieve this, the wealth manager will work with a range of experts to provide the services their clients require and to give those clients the best possible advice.