As a general rule, people will seek the advice of an Independent Financial Adviser when they receive an amount of money that warrants rather more attention than simply putting it straight into a building society account. Typically these funds will come from an inheritance, redundancy payment or a bonus. However, each client’s situation is different and there are occasions where the need is straightforward – they are simply seeking advice on the best ways to save surplus income.
Because advice on savings and investments will frequently incorporate the many other areas of financial advice and planning that we offer as part of our overall capabilities, it is often regarded as the cornerstone of our role. Every individual has a different view of risk and the level (if any) to which they wish to expose their money. We therefore spend time establishing what risk means to every client and the timescale over which their investment should be structured, along with the many other personal considerations that have to be included in our in-depth review.
It is our belief that our job begins with sourcing the best available investment to meet a client’s needs, taking into account their attitude to risk, tax position, time horizon, need for income or access, plus potentially a number of other factors.
We deal not only with all the major well-known names in banking, insurance and fund management, but also many specialist providers with whom other advisers may be less familiar, but which may offer a valuable part of a specific tailored solution to our client’s needs.
The value of your investment, and the income from it, can go down as well as up and you may get back less than you have invested. Investments do not include the same security of capital which is afforded with a deposit account.