The importance of professional wealth management advice

The importance of professional wealth management advice

 

When growing or protecting your wealth it is often astute to seek professional financial advice – Pensionlite Chartered Financial Planner Rodney Ings explains.

Specialist knowledge is often required from an industry professional to ensure that your investments are in the best possible position to meet your goals and aspirations.

The cost of such advice is likely to be far lower than the cost of making a financial mistake by attempting to act alone, or in fact by not acting at all.

In current investment markets, ongoing monitoring, rebalancing and strategy review of investments are essential attributes to any solid investment strategy.

Things change, sometimes quickly, and your investments may need to change quickly too to maximise potential investment return. In current investment markets there is no room for complacency when it comes to managing your wealth.

Professional advice can be obtained in a number of ways. Modern technology allows for clients located anywhere throughout the UK to access high level professional investment advice either remotely, or where appropriate on a face-to-face basis with an FCA authorised advisor.

The building of trust and establishing of peace of mind that an advisor can bring to a client’s individual circumstances and goals will often lead to the advisor becoming a trusted member of the extended family.

Hands on approach

Some prefer a hands off approach to investing, relying solely on their investment professional to act in their best interests, others prefer a higher level of involvement, and a good advisor can expand upon knowledge and understanding, thus bringing a client inside the room as to exactly what is going on, with what is after all their money.

This provision of education is appreciated by many clients and forms a crucial part of the client-advisor relationship. A client typically appreciates quite quickly why it is prudent that they should not be making this investment journey alone.

Pensionlite Chartered Financial Planner, Rodney Ings, said: “Each client has a set of life goals, requirements and preferences.

“We specialise in investment and pension advice and our investment solutions are tailored to an individual’s requirements.

“Our initial approach is to work with any existing arrangements, review them, and look to utilise them where possible within any future investment strategy.

“Often a level of risk taking is required to meet investment goals, but this must be a measured approach and of course expertly managed.

“It is important to ensure that an excessive level of risk is not unnecessarily taken, at outset we establish a client’s risk tolerance and capacity for loss, and then keep these under constant review.

“Our advice and recommendations are specific to each client’s objectives and will include investment, retirement planning and protection advice as appropriate.”

For Wealth Management Advice, or a Financial Check-Up please contact the Pensionlite Team today on 01952 279379 or support@pensionlite.co.uk