Set your objectives and create a plan to piece together all aspects of your financial life.
Get in touch for a free, no-obligation chat about how we might be able to help you.
Get In Touch
We talk all about wealth management with Michelle Boakes.
What is wealth management and why is it so important?
Wealth management is all about efficiently organising your finances and doing what’s best for you with your money or assets. It’s the process of growing and preserving your wealth. It’s vital to everybody, so that they know that their assets and investments are doing what’s needed to achieve their goals in the future.
Who can benefit from wealth management?
The title of wealth management makes it sound like this is for people who are really wealthy. But it’s a valuable service for anyone who wants to grow their savings or who wants to pass on the wealth that they accumulate in their life to the next generation, as tax efficiently as possible.
What is included in wealth management?
The asset preservation side is for anybody that wants to manage the wealth that they already have accumulated through their life. Maybe they’re thinking about how they will pass that on to the next generation – that would come under estate planning, which involves determining how someone’s assets, investments and money will be distributed after they pass away.
The main aim of estate planning is to make sure that your assets are passed along to the right people without losing too much money to tax. It can involve using trusts and specialist investments or life insurances. We tend to involve other specialists as well, like solicitors or other estate professionals depending on the individual circumstances.
For anybody looking at growing their wealth, including people starting out on their wealth management journey, we look at implementing solutions to improve your returns and decrease the amount of risk you’re taking. It’s really just managing your money in the most sensible and efficient way for you.
How we can help you
No matter what stage in life you’re at, our expertise will help guide you along the way. We’ll take the time to understand you, your aspirations in life and what you want to achieve in the short, medium and long term. Our team of experts are on hand to help people all over Wiltshire and the surrounding areas, from our Salisbury office.
We want to give you peace of mind, knowing that no matter what happens, you’ll enjoy a financially secure future.
What costs are involved with wealth management?
That really varies from firm to firm and from individual to individual. Here at Verve we offer a range of fixed fee services to meet the needs of our own clients, whether that be growing wealth or preserving wealth.
The most important thing here is that we offer an initial appointment free of charge. We meet at our own cost to give us a chance to really get to know you and understand your needs and your objectives. By the end of that meeting, you’re in a position to know what services we can offer, what costs will be involved and when those are due to be paid.
You can take that information and decide whether the service is right for you. It also gives us a chance to see how well we would get on in working together, because wealth management is a long journey.
How can a financial advisor help?
Working with a qualified professional financial advisor will make sure that you’re holding your investments and savings in the most efficient and beneficial way possible for your circumstances.
We want to avoid losing too much money to tax and make sure that you’re taking advantage of valuable annual allowances. We’re also here to recommend and implement solutions to improve your returns and reduce the risk that you’re taking.
We’ll explain what’s going on with market movements and how they could affect your investments. Plus, we’ll let you know if there’s anything that you need to be aware of if legislation changes or if your circumstances change.
We just want you to feel really confident in your arrangements so that you’re on track to get where you want to go.
The value of pensions & investments and any income from them can fall as well as rise. You may not get back the amount originally invested.
Quilter Financial Services Limited & Quilter Mortgage Planning Limited 11/04/2023