Best Advice
Savings and Investments
Clients are generally either in a wealth accumulation or a wealth preservation phase, usually depending upon age. We are able to advise our clients regarding the most suitable options for them.
The first step is to establish the client's personal financial goals, both generally and specifically, for example:
To save their excess income for a particular purpose To preserve wealth To save tax To produce additional income from investments To produce regular sums from investments, for example for school fees planning or supplementing retirement income Taking into account these goals, we also consider a number of other factors including the personal circumstances of the investor, their tax position, the proposed term for savings and investment plans, and the level of investment risk that the client is prepared to undertake. We are then able to recommend suitable savings and investment programmes.
Savings and investment plans might include tax efficient “wrappers” such as Individual Savings Accounts, Bonds, Unit Trusts and Open Ended Investment Companies (OEICs).
Depending on the size of the investment, the level of investment risk and the level of diversity required, we are then able to recommend suitable savings and investment providers. As Independent Financial Advisers, this would be selected from the "whole of the market".
We would recommend a suitable asset allocation strategy (split between the different asset classes e.g. equities, fixed interest and cash) and also individual funds within the different classes.
In certain circumstances, we may recommend that you consider utilising the services of a professional investment manager in respect of the investment management function.
If you wish to discuss the above further or require information on any of our services, then please contact us.
Any reference to legislation and tax is based on FPP’s understanding of UK law and HMRC practice. These may be subject to change in the future. Tax rates and reliefs will also change and their value to you will depend on your individual circumstances. No guarantees are given regarding the effectiveness of any of the above strategies.