Who needs a wealth management advisor?

Many people think that they need to be very wealthy to benefit from a wealth management advisor, but the truth is that both the well-off and those with a lot less money can benefit from talking to an expert.

Global-based Wirral businesses/h2>

Danish firm Ørsted is an international windfarm developer that has just set up a presence on the Wirral. At a recent visit to its Wallasey headquarters, the leader of Wirral Council, Phil Davies, said:

“Wirral has a hard fought and deserved reputation as a centre of excellence for clean energy manufacturing and innovation.

“This latest development shows the growing confidence global businesses have in our borough’s ability to deliver.”

The success of Wirral business has meant high employment for the area. There are many high paying jobs in the region, and entrepreneurs are benefiting from trading in the Wirral and its close links to Liverpool and Chester.

Whether you are employed or a business owner, your wealth needs protecting, and this is where a wealth management advisor can help.

High net worth/h2>

It’s a common misconception that wealth management is just for high net worth people who have at least £150,000 in assets. While wealth management advisor can certainly help such people, they can also be of assistance to those who aspire to become high net worth individuals.

Assets/h2>

Wealth management looks at how to protect and grow your assets. If you own a house, this is an asset, but stocks and shares can be assets too, as can high-value possessions such as jewellery. Money in the bank, whether in savings or investments, is an asset as well.

A wealth management advisor looks at all your assets to calculate your net worth. He or she then discusses your financial goals for the short and long term.

Investments/h2>

An investment strategy grows your wealth and starts with looking at how much you have available to invest. You may have a lump sum that can be used to purchase various assets, including stocks, financial trusts, equities, bonds and ISAs. You could also invest a set amount each month in savings and investments.

Some investments are designed for regular income, while others are better for long-term capital growth.

There are plenty of investment products available that carry various degrees of risk. Without expert financial knowledge, it can be difficult to know which investment strategy is best. A professional wealth management advisor can spend time taking you through all the options so that, together, you can come up with the best plan that carries a level of risk you are comfortable with.

Tax planning/h2>

Your wealth management advisor will look at tax planning to make sure that you are paying no more tax than you need to.

Wealth protection for future generations/h2>

A wealth manager will help you plan your estate so that after you die, your wealth can be efficiently passed on to your dependents.

Talk today

To find out if wealth management can help you, book a free no obligation discussion about your finances with a wealth management advisor at Endeavour Financial Planning. This is the first step towards adding value to your assets.

INVESTMENTS – THE VALUE OF UNITS CAN FALL AS WELL AS RISE, AND YOU MAY NOT GET BACK ALL YOUR ORIGINAL INVESTMENT

TAX PLANNING ADVICE ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY

Posted by Mark
26th December 2017

Disclaimer

All blogs and news on Endeavour Financial Planning are for information purposes only and are not intended to provide advice. Please seek the advice of a financial advisor before making any financial decisions.

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