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Managing your assets might turn into a full-time job once they reach a certain level. Making money work harder through investments may be preferable to holding wealth in the form of cash, which can be inefficient.
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Even if you have the requisite knowledge, maintaining a sizable portfolio of investments yourself can be time-consuming. For this reason, a lot of these people hire a wealth manager to manage all of their assets.
Wealth management is a specialty area for many independent financial advisors. They can help you avoid mistakes, choose the best goods, keep your portfolio in line with your life goals, and with their advice for wealth management your money can reach its full potential and also saving your time and efforts.
To help you reach your goals, wealth management focuses holistically on all facets of financial wellness, not just investing.
This comprises:
1. Savings and investments
Identifying your goals, the amount you will need, the time frame you have available, your risk tolerance, and creating a portfolio that will help you achieve them.
2. Protection
Creating a life insurance strategy, making sure you have sufficient medical coverage, having protection against the loss of income and assets, and, if necessary, professional liability.
3. Retirement planning
Ensuring that you have enough money to live on throughout retirement, as well as to pay for any significant expenses (such your grandchildren’s education bills or care facility charges).
4. Cash
Ensuring you have sufficient cash on hand or access to credit to handle emergencies.
5. Business
Establishing a succession plan, arranging a transfer of business interests that is optimal, developing an exit strategy, and reducing tax obligations.
6. Estate planning
Putting together and carrying out a strategy to minimise inheritance tax and maximise the distribution of your assets to the recipients of your choice.
Due to the customised nature of Partridge Muir & Warren Ltd.’s wealth management services, a wide range of wealth levels from the standpoint of assets placed under their administration can be accommodated.
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For instance, even if the typical size of a portfolio is currently in the neighbourhood of £600,000, they will take into account managing portfolios with a beginning value of $100,000 in cases where it is expected that further assets would be added at a later date.
Additionally, several of their clients have multimillion pound portfolios under their supervision, with the largest single-family arrangement exceeding £10 million. They are equipped with the knowledge and skills to handle the majority of tasks.
Your expenditures are completely transparent thanks to the Service’s all-inclusive fee, which takes care of the majority of scenarios. For instance, they don’t charge transaction or advise fees for changes to the investments that are made after your money has been deposited in the Service.
You can relax knowing that they will naturally cover all of the topics that are important to you. Additionally, they can acquire investments and services from other parties on your behalf at substantially lower prices thanks to their purchasing power.
They are in a great position to provide a personalised service to clients in Surrey and the neighbouring areas because their office is located in Esher, Surrey. To learn more about a free consultation get in touch with them.
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