Wealth Creation Plan
Very few people start out in life with considerable wealth. Wealth is usually earned over time and there are a number of risks that could prevent people from achieving their goals and the impact on their family could be significant. Most people who are in the Wealth Creation phase of their lives have a desire to protect their family in the event of death or illness, save and plan for the future but procrastination often prevents them from making a start.
Through the implementation of our Wealth Creation Plan, Private Wealth Management will suggest how the clients can build up assets through regular planned investments and suggest the most appropriate tax wrappers to use. We take into account attitude to risk and time horizons. The plan will identify the risks faced and provide an effective contingency plan to provide security in the events of untimely death or disability.
A Typical Client– Probably a younger couple with either no children or very young children and just starting to become aware of the need for life assurance and other similar protection products because they have just bought a house or are considering doing so.
Retirement is become a concern and they haven’t really started to plan for retirement or considered the costs of retirement.