Wealth management planning is the process of protecting and growing your wealth. Endeavour Financial Planning has been creating wealth plans for our many clients in the Wirral area. Contact us today for a free no obligation discussion on how wealth management planning can increase your wealth.
There are many high profile companies operating in the Wirral area. As well as established businesses, there are a number of start-ups, particularly in the scientific and technical sectors that are attracted to the Wirral area. The leader of Wirral council, Phil Davies said:
“Growing the economy is a key objective for us as a council and I am proud that despite the very difficult economic conditions nationally we have been able to grow our businesses and economy at a much higher rate than most of the UK.”
The growth of the Wirral economy is a result of careful planning by both the council and the companies operating in the area. Individuals also need careful financial planning in order to look after and grow their personal economy.
There are five main stages to wealth management planning. Stage one is gathering data in which your assets, liabilities, income and expenses are collected. This is also the time to identify your attitude to investment risks.
The second stage is goal setting, where your aspirations for your short-term and long-term financial objectives are identified.
In step three, a plan is created and you will be provided with a written report that identifies and details the strategies that need to be implemented to achieve your financial goals.
Step four is the implementation of the wealth management plan. The plan will probably include investments, insurance, retirement planning, tax planning and estate planning. There is a huge range of financial products for each area of wealth management. At Endeavour Financial Planning, our expert advisers will recommend the best financial products to implement your plan.
The final stage five is reviewing and revising. A wealth management plan is a long-term plan and requires regular reviews. Your circumstances may change. Investment funds may not be performing as well as expected. A wealth management plan is flexible and may need to be revised following a review.
However, there is another action that needs to be taken before data can be gathered in step one. This is to contact Endeavour Financial Planning today to arrange a free discussion on how our wealth management planning can nurture your wealth.
Investments – The value of units can fall as well as rise, and you may not get back all your original investment
Taxation and Estate planning advice are not regulated by the Financial Conduct Authority.
