Wealth Management – What’s involved?

What wealth management means in practice depends entirely on what you need. In general, wealth management is focused on how to manage and protect your money. Here, we explain what’s involved and how Spectrum Advice Network can help.

What is wealth management?

Wealth management is an ongoing, tailored process advising you on how to grow and protect your money. It’s an important way to help make sure you are financially able to achieve your goals in life whilst protecting your money to achieve all your life’s plans.

While wealth management is designed around you and your needs, it often includes investment advice, retirement planning, estate management and long term tax planning.

Wealth management isn’t just about finding a qualified financial adviser. Because this is a long term process, it’s important to find a provider that provides exceptional personal service. You need to have a good rapport with your adviser and supporting team. 

How can wealth management help you?

Wealth management is focused on helping to make the most of your money. In the long term, wealth planning should grow your funds, reduce your tax bills, minimise risks and prepare you for a comfortable retirement. 

Good financial advice will help you get the most out of your life. An important element of wealth management is an investment strategy. Reviewing and changing the products and services that form your own investment solutions will make sure you are getting the optimal levels of growth in the long term. 

What can we do for you? 

When you talk to Spectrum Advice Network we will help achieve your future goals and to help you get the best from your investments.

We will then keep a close eye on how your wealth is performing. How we support you will be driven by your preferences and requirements, but the typical areas where we focus include:

1. Investments and Savings – Create or expand your investment portfolio to drive growth and achieve your future goals. We introduce you to worldwide investment opportunities and keep a close eye on performance to make sure you get the best from your investments and the income they generate. You can expect regular and comprehensive reporting from your investment manager, tailored to you personally.

1. Pension and retirement advice – We provide professional advice about your personal circumstances and retirement plans. We help ensure you’re working towards a retirement that’s right for you, exploring all the options to release a good, long lasting income. 
   
   
2. Taxation advice – We work with you to explore your tax obligations and opportunities to reduce your liabilities through allowances and tax breaks.
   
   
3. Financial planning – We take a look ahead and make sure you are well prepared for the future and any unexpected developments. We explore the full range of financial services from banking, borrowing and insurance products to ensure we have every aspect covered.
   
   
4. Wealth structuring – Every situation has its own nuances and how you structure your wealth is important on many levels: reducing tax, keeping your money accessible and driving growth. We will help you deploy the appropriate solutions for your family or business needs.
   
   
5. Succession –  It’s never too soon to think about how you will transfer your wealth to the next generation. Estate planning will help simplify the probate process, reduce Inheritance Tax, protect your loved ones and set them up for a successful future. We support every aspect of estate planning and succession. 

You’ll have all these services and more at your fingertips with Spectrum Advice Network – and we make sure that you get excellent service without huge demands on your time. Expect regular appointments that are efficiently managed – we do all the preparation and research outside of these meetings to ensure that you have all the information you need, when you need it. Please bare in mind that ​​not all Estate Planning is regulated by the FCA

How do I get started? 

Here at Spectrum Advice Network, we help people in all walks of life make the most of their assets. We support small business owners, high net worth individuals, young families and experienced investors to grow and manage their wealth. 

Wealth management is a long term process, and the sooner you start exploring the options, the more you stand to save. 

We offer an initial consultation, free of charge, to explore your needs and financial goals. 

Get in touch today for an informal conversation about how we can help you make the most of all the opportunities that life brings. Contact Us

Tax rates and reliefs are dependent upon individual circumstances