Wealth management advice

Investment advice for wealth management involves creating a comprehensive financial planning strategy that covers various goals, such as:

• Investment portfolio management and asset allocation
• Tax planning
• Personal insurance
• Retirement savings
• Estate planning
• Business succession

It’s designed to align your financial decisions with your personal and professional goals, ensuring sustainable growth and security over the long term. This type of financial advice is highly personalised, reflecting the complexity of your financial affairs and your unique aspirations.

Yes, wealth management advisors offer value far beyond investment advice. They take a holistic approach, integrating every element of your finances — from accounting and tax strategies to asset management — into one clear and actionable plan. For business owners and high-net-worth individuals, the expertise and insight these advisors provide help manage risks, identify growth opportunities and achieve long-term goals efficiently. The peace of mind that comes with knowing your finances are in expert hands is invaluable.

The wealth management process typically includes five key steps. These steps ensure that your wealth management plan remains relevant and effective as your life and financial situation evolve.

1. Understanding your goals: Identifying your personal and financial aspirations.
2. Assessing your financial position: Reviewing assets, liabilities, income, and expenses.
3. Developing a strategy: Creating a tailored plan that aligns with your goals.
4. Implementing the strategy: Executing the agreed financial actions and investments.

Ongoing review and adjustment: Monitoring your progress and making adjustments as circumstances change.

Fees for wealth management vary depending on the complexity of your financial needs and the level of service provided. Generally, fees are charged as a percentage of the assets managed, ranging from 0.5% to 1.5% annually. Some advisors may also offer fixed or hourly fees for specific services. A reasonable fee reflects the value of the expertise, time, and strategic guidance you receive, and it ensures that your financial plan is managed with care and precision.

This should give you enough background to be able to negotiate fees with any wealth managers your considering. Book your free consultation with us, and we’ll discuss our reasonable fees with you then.

An accountant’s role in wealth management goes beyond tax compliance. They provide strategic insights into how you can structure your finances for efficiency, ensuring all aspects of your wealth align with your goals. This includes identifying opportunities to minimise tax, optimising cash flow, and structuring investments. Their expertise ensures that your personal and business finances are well-integrated, with every element working towards your financial objectives.

Absolutely. Our wealth management solutions are designed to address the complexities of both personal and business finances. We ensure that every element — from personal investments and retirement planning to business growth strategies — works together seamlessly. This comprehensive approach ensures that business decisions support your personal goals and vice versa, delivering long-term value across all areas of your life.

We recommend a review at least once a year to ensure your plan reflects your evolving goals and market conditions. Major life events or business changes — such as buying a new property, launching a venture, or planning succession — also require revisiting your strategy. Regular reviews not only keep your plan on track but also allow you to capitalise on new opportunities or mitigate emerging risks.

Integrating accounting with wealth management creates a unified financial strategy that ensures all parts of your finances work together efficiently. For example, investment decisions are made with tax implications in mind, and cash flow management aligns with both business and personal needs. This seamless approach provides clarity, reduces risk, and ensures that every financial action you take supports your overall strategy.