Wealth Management
- We offer personalised investment advice to help you build a portfolio that aligns with your financial goals.
- Our experts provide ongoing support, ensuring your investments are regularly reviewed and optimised for growth
- We take a balanced approach to risk, helping you invest wisely while maintaining long-term financial security.
Get in touch for a no-obligation chat about how we might be able to help you.
Wealth Management
Guy Layman talks to us about wealth management.
What is wealth management and why is it so important?
It’s a pretty big topic. Wealth management encompasses a holistic approach to managing someone’s financial life. That could be savings or investments, pensions, estate planning and tax planning.
There are lots of different areas when we talk about wealth management. But in its simplest form, it’s anything relating to someone’s financial wellbeing.
Who can benefit from wealth management?
It’s important for anyone and everyone. Wealth management helps us to preserve, grow or just manage our financial lives in an effective and efficient way.
I think there’s a perception that wealth management is just for the ultra wealthy or high net worth. But because it is about building and protecting one’s savings, investments and pension planning, anyone could benefit from it.
What exactly is included in wealth management?
Most people think of wealth management as for later in life, and there is some truth in that. Estate planning forms part of wealth management; organising one’s assets to ensure they are distributed in line with your wishes, and in a tax efficient way.
There could be more complex or complicated areas such as Trusts. Trusts could help to shield an asset from certain taxes and ultimately make sure that it ends up in the right hands.
Investment management is another part of it. We might be talking about an ISA or other investment products. It’s about tailoring a solution around people’s risk tolerance and ultimately their financial goal.
Tax planning could be anything from using tax efficient savings or investments like an ISA or perhaps pensions. Equally, tax planning could be about getting at your wealth or assets in the decumulation phase.
With pensions, it’s about ensuring you have a steady income in retirement, when you finally leave the office and head to the golf course – or whatever you want to do.
Another area is around insurance and risk management. That could be protecting your income or assets with insurance. So wealth management is quite a big topic.
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What costs are involved in wealth management? Does this vary?
Yes, it does. Pretty much any advisor you engage with is bringing an element of professionalism, experience and market understanding – and clearly that comes at a cost.
People in my industry can charge in many different ways. It might be as simple as a flat fee or an hourly rate, based on a specific piece of work. That might apply if someone just wants to discuss estate planning, Trusts for their assets or a pension or savings, where we provide a focused area of advice.
When we think of wealth management, it’s that word ‘management,’ I think, that’s most important. We’re aiming to build an ongoing relationship because, of course, people’s circumstances can change.
It’s more cost effective to have a relationship with an advisor who helps you work through all the changes in life than to pay a fee every time you want to pick up the phone or engage with them.
We always encourage wealth management clients to build a relationship with us. Typically, we might then receive a percentage of the assets or the funds under management. That percentage could be pretty broad – anything from 0.25% to 1.5% per annum.
A focused piece of advice in one area might cost between £750 and £1,500 pounds. Or, you might wish to build an ongoing relationship with us to help you manage your affairs. That would then pay us a percentage of the asset value.
How else can a financial advisor help with wealth management?
In this industry, there can be very complicated language at a very high level. We offer personalised, clear guidance from someone who understands your personal goals.
It’s all well and good to talk about tax efficiencies and how to ‘wrap’ a product in a tax efficient way – but your advisor should really get under the bonnet and get into the detail of your goals and aspirations.
It’s all about tailored and personalised advice, rather than anything generic and generalised.
We’ve spent many years training in and learning this industry, and that expertise is important. We also keep abreast of the many changes – for example, we’ve seen a lot of regulatory change since the Labour government came into power and delivered its first budget [podcast recorded in April 2025].
An advisor is better placed to understand the implications of regulatory changes and how they might impact your plans. An advisor can give you peace of mind, knowing that your affairs, your wealth and assets are being taken care of.
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.
