What is wealth management and why do you need it?

In today’s complex financial landscape, the question of ‘what is wealth management’ is asked more than ever. At its core, wealth management goes beyond simply saving your money or investing it in stocks. It is instead a comprehensive approach aimed at growing, protecting, and preserving your assets across the long term. With a whole team of experts behind most successful wealth management plans, the approach means more personalisation. Its about adopting an attitude to your money which aligns with your financial objectives, lifestyle, and values.

A more holistic approach

At its core, wealth management is about more than having a financial plan or one time advice. It’s about masterfully crafting a strategy. One that addresses all aspects of your financial life, and creates a team you can trust and rely on.

This includes but is in no way limited to:

• Investment strategy: tailored portfolio management based around the most up to date evidence to help you grow your wealth while managing risks and supporting your financial personality.
• Retirement planning: making sure you can live the life you want both in the present and in the future by making the most of tax efficient wrappers.
• Tax planning: minimising your tax liabilities through tax efficient investments, estate planning, and charitable giving. Working with your accountants to create the best path forwards.
• Estate planning: ensuring your assets are passed on in alignment with your wishes, with as little tax burden as possible. A good wealth manager will also work in collaboration with your lawyers to put a good succession plan in place to help navigate legal complexities for your beneficiaries, planning for future generations, and securing your legacy.

Why you need wealth management

Wealth management allows you to optimise your assets, working towards consistent growth while working with your unique position.

But perhaps more importantly, accessing the services of a great wealth manager/financial planner gives you security and peace of mind. Its all about clarity – navigating unexpected challenges from market fluctuations and world crises to retirement and health struggles.

Protecting future you

Research by Michigan State University shows that when you have a plan, you’re 33% more likely to achieve your goals due to more tangible visualisation and accountability.

Ultimately, working with a wealth manager isn’t about your money today, its about optimising opportunities to grow your legacy, support future generations, and live the life you want to be living.

It’s about giving yourself that 33% of wiggle room.

It’s about taking a proactive, strategic approach to ensure your financial success both now and in the future. Whether you’re looking to grow your wealth, protect your assets, or plan for retirement, working with a trusted wealth manager can help you make informed, confident decisions about your financial future. The right strategy will not only provide peace of mind but also help you build a legacy that reflects your values.

This document is marketing material for a retail audience and does not constitute advice or recommendations. Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested.