Very few people create and manage their wealth in a structured manner. Many people will take out ad-hoc investments and pensions over time but have no cohesive plan to work to. They work hard to become wealthier but with no end goal in mind.
The Wealth Management Plan looks at goals in life, not just financial goals but the personal goals that people would like to achieve in their life time. It might be a world cruise for a 65th birthday, to provide children with a deposit for a house or to buy a holiday home in France. The Wealth Management Plan looks at existing policies and investments, analyses people’s current situation, highlights the dangers that they may be exposed to and offers solutions to help them achieve their desired future lifestyle.
Typical Client – identified as a company director or decision maker in his/her early to mid 40’s to early 70’s, with assets (including property) of between £500,000 and £1 million.
They will have investments and pensions built up on an ad-hoc basis but have no idea whether their savings and investments will allow them to achieve their goals in retirement.
As someone who deals regularly with Solicitors and Accountants they are used to paying fees for professional services.
