Wealth Management

Our wealth advisor service offers a review of your entire financial portfolio to ensure you are maximising your assets, be this in property or Investments. We are also able to advise on pensions, protection, mortgages, taxation… The list goes on. We will take a broad perspective of your financial affairs, surveying the short, middle and long term, establishing a financial plan to suit your needs now and in the future. Furthermore, we will regularly review this plan with you, so if your circumstances change, the plan can be adapted accordingly. We won’t be purely approaching your Investments based on the property market – We will help you to put your eggs in several baskets, providing you with the depth and breadth of advice you and your hard earned income deserve. At one time or another almost all of us take financial advice. The financial world is complex and fast changing and we have neither the time nor, very often, the inclination to make the most of what is on offer. We provide face to face advice and we specialise in meeting the financial needs of people who have created more capital, or who earn higher revenue than average, and whose circumstances are therefore more complicated than usual. Our clients ask us to help them with the simple and straight forward issues and also to resolve complex and multi-faceted problems. In every situation we respond with reliable and personal advice designed to suit their individual requirements.

Investments

There is legitimate potential for increasing your wealth through Investing, but only if your money is invested in the right way. The performance of your Investments could make a critical difference to your financial well being in the future, so reliable financial advice you can trust is important. As always, good planning is key to ensuring financial security over the longer term. But it is simply impossible to imagine any one individual keeping up with every aspect of every issue. Our wealth management advice can be literally essential to both private individuals and company owners’ and managers’ long term success. Global credit markets endured a roller coaster (2008 and continued into 2009) OR (during the credit crunch). At the same time, interest rates have fallen to their lowest ever levels leaving investors looking for income and needing an alternative home for the capital growth.

Retirement

For many, retirement will last as long as, or even longer than, their working lives. The financial implications are enormous. Making a plan for long and prosperous retirement is very likely to involve Investment in pensions. Regardless of the life stage you have arrived at, it is important to receive professional advice on your pension requirement. Whether you need to review post ‘A’ day implications, assess pension requirements for your employees or set your own personal pension. The range of such strategies has never been wider, but knowing whether to take advantage of the opportunities available and when, is key. You can choose from combinations of benefits and Investment options to ensure you meet your retirement goals.

Protecting You & Your Estate

There are many areas we need to consider when looking to protect our family and our homes. Inheritance and Capital Gains Tax, illness and loss of income to name but a few. Assessing suitable protection is at the forefront of what we do at Prospect Wealth Management.

These are subjects which few people like to discuss and it is no surprise the matter is delayed. Are you liable to Inheritance Tax? The first £325,000 (2009 / 2010) of an individual's estate is taxed at 0% and is therefore not liable to Inheritance Tax. For married couples and registered civil partners it is currently £650,000, if the full allowance is passed to the surviving spouse. Anything in excess of this amount is taxed at 40% on death. At Prospect Wealth Management we can advise on ways to protect your estate.

Protection Planning

There are many examples of when you where well advised to have insurance, for example, insuring your home against damage or theft, your car, when going on holiday. How can you decide what insurance is the right one for you? Providing protection cover from the whole market for all forms of life cover, critical illness cover and disability cover is the responsibility and lies at the heart of what we do at Prospect Wealth Management. Prospect Wealth Management is the ideal solution to grow, protect and maximise your wealth.

Book your financial health check today. Contact us on either 01189 755 9712 or on email at wealth@prospect.co.uk