"Employ every economy consistent with thoroughness, accuracy and reliability. "
Arthur C. Nielsen.
Businessman
MANAGING THE COST
Manage costs thoroughly.
Then be thorough in execution.
As life progresses and your assets begin to grow, it can become difficult to manage them. Having everything sitting in cash isn’t always going to get you the future results you need, so you may want to get your money working in investments.
Having a wide portfolio of investments though can also be a mammoth task, and this is often what puts people of the idea off investing. However, you don’t have to manage it alone; many employ a wealth manager to keep an eye on their investments and assets. In the long term, it can be the best decision for your future.
Financial advisers or wealth managers can save you time, effort and help you get the best results out of your money; helping to achieve your lifetime goals.
Here To Help
Managing your own costs is seldom as straight-forward as people think. There’s much to consider and can be complex if you have various incomes and investments to deal with.
Across all the pages in this section, we provide a series of guides to help you find what you should be looking for, particularly when it comes to managing your costs, and when you need help, we can help you…
CHOOSE THE ADVISER WHO UNDERSTANDS YOUR NEEDS.
Investments & Saving
A wealth manager can help you balance your investment portfolio based on goals, attitude to risk and other circumstances. This is a continuously moving, organic process that develops as your assets grow and change.
You can develop an investment strategy with your adviser to cover everything you are looking for in the future, as well as now.
Pensions
If you are a high earner, you may find that your pension makes up a lot of your financial plan. You may find that you want to move your workplace pensions into a SIPP, but whatever you fancy doing, your wealth manager can help you manage all areas of your pension to ensure you get the most out of it.
Tax efficient
A good adviser can advise you on all areas of tax; how to maintain your UK tax status, how to manage tax if you are living abroad, and how to work out if you’ve been overpaying.
Plan your estate
It can be a big job working out who you want to leave what to when you are no longer here. If you have a lot of assets, this can be an even bigger job, but having a wealth manager to hand can be an irreplaceable help in developing a strategy for your inheritance. They can also help you reduce the inheritance tax that may come with your assets, meaning your beneficiaries will have less to pay when you’re gone.
How much is a wealth manager?
Often this service is ongoing, so most are paid a regular fee, or an asset percentage under management.
Make sure you discuss payment options when you first meet your potential wealth manager and get their fee details clearly laid out so you understand what you would be looking at.
What are the other positives of wealth management?
It’s not just businesses that can benefit from getting your wealth into a manageable state. Anxieties about money have been found to be a great source of stress for couples. Although money can’t buy you happiness, a clear understanding of it could lead you down the right path.
Often money is stated as a reason for marital breakdowns, raising children adding a strain to bank accounts that people just can’t manage.
However, before you reach for the counsellor’s number, it may be worth checking in with a financial adviser. It’s normally always salvageable with the help of a professional.
Can financial advice save my relationship?
An adviser could be the mediator you need Having an unbiased mediator present in your money ‘discussions’ can help guide you towards the right option for your money and your circumstances. Arguments could be settled with the input of a professional’s advice.
It can help you plan for the family
Raising a child is an expensive exercise and yet people don’t seem to plan for this in the same way as they would for other big financial expenses. Talking to a financial adviser when you start the notion of growing a family can ensure you begin investments that can grow with your children.
Work can manage you and your money
Work can have a big impact on home life and paired with running a family, can mean that tasks such as finances can go ignored. You know it will help reduce the stress, but it’s just too daunting to approach. Employing an adviser can help take away some of the stress you may be feeling and leave you with more time and money.
Advise can keep your money in the family
When you die, you’re sure to want to leave any assets you have to those you love. To help them inherit as much of your estate as possible, employ a financial adviser to help reduce any inheritance tax bills that can come with this, and look into working with a solicitor to draw up a will.
Abacus Associates manages the personal wealth of many people across the UK and over £1 billion of investments, providing clients with financial advice and access to investment products and services.
We do not charge for initial consultation meetings. If you would like a face-to-face meeting, feel free to pop over to our office or we can always can come to you.
Give us a call today on 01432 343322 and ask to speak with one of our advisers,
or email [email protected]
Or complete the contact form below and your details will be passed onto an adviser who will contact you to make a free consultation appointment.
Contact Us
Call: 01432 343322
Email: [email protected]
Alternatively, use the 'Adviser Finder' page here >
Abacus Associates is a trading style of Saltus Partnership Limited which is authorised and regulated by the Financial Conduct Authority. FCA reference number: 554381
Registered office: Solent Business Park, 4500 Parkway, Whiteley, Fareham PO15 7AZ. Registered number: 07586042
Will writing and some aspects of tax planning are not regulated by the Financial Conduct Authority.
Your home may be repossessed if you do not keep up repayments on a mortgage.
Capital is at risk and you may get back less than you invest.
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