Wealth management is a phrase which you may have come across before. Essentially it’s a self-explanatory term with quite an obvious meaning. However, it can mean different things to different people. So, let me explain what we mean when we refer to the ‘Professional Wealthcare Wealth Management Service’.
Our service will generally apply to all of your investment types, whether they be pensions, ISAs, investment bonds or any other investment products. It is often considered that pensions are a separate part of your investment strategy, but we consider them to be a central part – even more so now they have evolved into very flexible products with great opportunity for investment strategy, taxation and inheritance planning.
When you become a Professional Wealthcare client, we usually carry out a thorough review of your existing pension and/or investment plans. We also provide advice and recommendations for any important changes and improvements that should be made.
A minimum investment of £100,000 is generally required. Lower investment amounts may be acceptable where ongoing regular contributions are also being made, or where significant top ups are anticipated. Due to the type of service we provide, it is simply not practical to provide this service for smaller capital sums.
After we have completed this initial pension and/or investment review service, we provide ongoing support, to ensure that your plans remain appropriate. It is important that your plans continue to reflect your personal objectives and your tolerance to investment risk.
We therefore review your plans regularly and keep you informed along the way. Importantly, we also remain available to you for any of your ongoing needs, to make any changes that are required and to answer any ad hoc questions you have. We see this as an essential flexibility and therefore do not operate a strict 6 monthly or annual programme as some advisers do, unless it is specifically required. We do however carry out regular behind the scenes monitoring of your funds and report to you by post or email on a regular basis.
‘Our aim is to ensure that you and your wealth are looked after to a very high standard and to ensure that you have access to good quality financial support for as long as you need it.’
If this is a service that would be useful to you, then please contact us.
Investment returns may go down as well as up.
Taxation advice is not regulated by the Financial Conduct Authority