Individual Wealth Management

How to provide your own Individual Wealth Management advice

We are aware of how many people now like to take charge of their own finances, and accordingly offer the following by way of our assistance towards that goal. Alternatively, contact us and we will take care of everything for you!

First of all, find yourself confident, loyal, hard working staff, with a total of over 80 years of wealth management experience between them, more than 35 of this between the 2 Directors. Ideally, you should already be providing advice to others with invested assets of over £230 million. Then subscribe to the very best in back office software, systems, and publications to keep yourself up to date. Next, look at the sources and resources that you have for finding out about fund managers, charges, taxation rules, products etc., and spend time thinking laterally when talking to clients.

Set up an outstanding network of professional connections and make sure that they also recommend you as being outstanding in your field. Prove this by keeping yourself fully qualified, through meetings, examinations, and appropriate reading. Pay your fees to the regulators (and for professional indemnity insurance), pay the right costs and remuneration packages for your outstanding staff, buy an office from which to work, stationery etc., and then you will be in a position to start trading!

You will need to be confident either in your own ability or in that of a Discretionary fund manager, with whom you should have a strong and trusting relationship, to asset allocate, rebalance portfolios and make hard decisions when investments are going well AND less well.

You will undoubtedly need to be well qualified, a member of a professional body that issues a code of ethics for it’s members, to which you will have to subscribe, ensure you remain compliant with the Law/ regulations laid down, for the protection of both the client and your business, and above all you will yourself be professional in all you do.

Despite having hit all of the above criteria, you will still need to be adaptable, flexible, disciplined, process driven (but innovative nevertheless) and above all 100% honest, and right as often as possible!