Wealth management is the looking after customers present and future financial needs. Managing your wealth to give you the life style you want.
We construct investment portfolios and advise how to prepare for personal financial goals. Your future plans and goals would determine the type of saving or investment portfolio along with the following:
Attitudue to Risk
Your own attitude to risk is crucial. Some people are happy to live with a risk to their investment if it means the chance of a higher return in the end. Others are ‘risk averse’ and don’t want to risk their capital under any circumstances, while many will sit somewhere in the middle. Only you can judge what level of risk you feel comfortable with and you should think seriously about whether you can afford to lose money or lock it away for a sustained period.
All investment carries a degree of risk so you should never invest more than you can afford to lose. We aim to educate you on the potential upwards and downside so you can make an informed choice.
Capacity for Risk
Risk capacity, unlike tolerance, is the maximum amount of risk that the investor “must” take in order to reach financial goals. The rate of return necessary to reach these goals can be estimated by examining time frames and income requirements.
Rate of Return
Rate of return information can be used to help the investor decide upon the types of investments to engage in and, the level of risk to take on. Risk level and return level go hand in hand.
Length of Investment
The length of time the investment is for also determines the level of risk that should be taken. For example: a 35 year person who plans to retire in 30 years time has lots more capacity to take risk at the start of a monthly pension plan than for a collage savings plan that will be needed in 3 years time.
The investment portion of wealth management normally entails both asset allocation of a whole portfolio as well as the selection of individual investments. The planning function of wealth management often incorporates tax planning around the investment portfolio as well as estate planning.
What we offer
Clear. Concise. Professional Advice.
Like any other business, our best customers are repeat customers and new customers referred by satisfied clients. It is therefore in our interest to put your needs first in any recommendations we make.
We will help you navigate the complex minefield of investments to ensure
you get an investment appropriate to your needs.
In financial markets, higher returns are associated with higher risk or volatility. Now more than ever, there is no such thing as a risk-free product. Instead, we look for diversification and appropriate investment to enhance your financial security and get the best return consistent with the risk level you are comfortable with.
The process starts with finding out about you and your investment goals: how long you want to invest for, what is the money required for, have you provided for short / medium / long term financial needs, etc.
Your capacity to withstand risk is then evaluated. The evaluation takes into account your income, expenses, assets and liabilities, and your flexibility. There is also an evaluation of your own risk preference, which can be done in discussion with us or through the use of psychometric tools. Psychometric tools are short questionnaires which seek to give a more scientific basis for assessing your risk.
Only after this process is completed can you start to talk about what sort of investment products are suitable to your needs. You may divide your investments into short / medium / long term; you should provide for emergency funds; you should also get appropriate diversification. We can advise on all these aspects.