Personal Wealth Management

The goal of personal wealth management is to enhance or grow wealth. Wirral residents needing professional advice in handling their wealth should contact Endeavour Financial Planning.

The Wirral plan

Financial wealth management can help businesses, organisations and individuals. Wirral council has a financial wealth management plan that is called simply the Wirral Plan. It states that the vision for the plan as:

“Wirral will be a place where employers want to invest, business thrives and high quality jobs are provided and where all our residents are able to contribute to and benefit from sustained prosperity and a good quality of life.”

If this vision is realised, it will mean that the residents of Wirral will prosper, and with prosperity comes the need for financial wealth management.

Consultation

Personal wealth management is a consultation process. It starts with an in-depth discussion between you and a wealth manager to discuss your short and long term financial goals. As some investments have a level of risk, then the wealth manager will discuss what level of risk you are comfortable with.

The consultation process is one in which the wealth manager aims to understand you, and discover what is important to you.

The Financial Plan

The wealth manager will then cooperate with you to devise a financial plan. A financial plan should be holistic, meaning that it will take into account all aspects of your financial circumstances. The plan will be designed to increase your wealth based on your individual goals and the risk you are comfortable with.

It will include savings and investments that will grow or provide a regular income. Long-term planning includes pension savings for when you retire and estate management that deals with your estate after you die.

Tax is an important element of financial wealth management. A wealth manager will make sure that you are not paying more tax than you need to.

The qualities of a wealth manager

The value of financial wealth management depends on the qualities of the wealth manager. He or she needs to be a financial expert with a wide range of financial products. A good wealth manager possesses the skill to match their client’s financial goals with the right products. They will assess the risk of any investment and advise their clients accordingly.

For a free meeting to discuss how personal wealth management can grow your assets, contact Endeavour Financial Planning.

A pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interests rates and tax legislation

Estate and Tax Planning advice are not regulated by the Financial Conduct Authority.

Contact us about Personal Wealth Management

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