We’re always here to make things clear.
New to the world of wealth management and financial planning? Hopefully we can answer many of the questions you have right here. And we’re always more than happy to discuss anything you can’t find the answer to directly – just email us at email@example.com.
What fees will I pay?
Our fees are designed to be straightforward and easy to understand; no hidden fees, no nasty surprises. The exact amount we charge depends on the complexity of the work we do for you, and the level of investment you make, but you can see our example fees structure here.
What is a wealth management company?
In its simplest form, a wealth management company provides financial planning and management services that help clients understand what they have, decide what they want, and then helps them plan how to achieve their goals.
Wealth management companies help coordinate every area that touches your financial life, from asset allocation to investment due diligence, from will and estate planning, to pensions and retirement budgeting.
What is estate planning?
Estate planning allows you to put your wishes down in words as to what happens to your property, savings and investments after you die. It’s a clear plan that shows how you’d like your estate to be managed when you die or are unable or unwilling to make decisions for yourself. It can help protect your family and any other beneficiaries from the impact of inheritance tax.
Can my investments generate an income?
Yes, absolutely – and many people do take income from their investments. Either from the very beginning or left until a later date if you don’t need it right away. We can help develop plans that release money as you need it, depending on your circumstances.
What is an ISA/Junior ISA?
An ISA is simply an Individual Savings Account. Any investments held in one are free from UK Income and Capital Gains Tax. Each year you get an ISA allowance, and you can choose to use all of your allowance on a Stocks & Shares ISA, Cash ISA or split it between the two. You can only pay into one Stocks & Shares ISA and one Cash ISA per year.
A JISA or Junior ISA is a longer term investment. It can be opened for a child under the age of 18, but no withdrawals can be made until the child’s 18th birthday. A child cannot have both a Child Trust Fund and a JISA.
What is the difference between financial planning and wealth management?
Financial planning is typically evaluating a client’s current financial situation, identifying areas of need and want, and planning for future life events and requirements.
Wealth management covers a more comprehensive approach that typically focuses on higher net worth individuals including advice on investment management, estate planning, asset protection, and private banking. But don’t get too wrapped up in definitions. We do both, and are more than happy to help you figure out exactly what services you need to get you the financial future you want.
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