Are you Protecting Your Wealth?

By June 16, 2017home, News

During your lifetime it is likely your wealth and assets will build, whether in property, shares, pensions or savings in the bank. It is only normal that you will want to protect your wealth and assets with wealth management planning, especially when it is time to look at the taxes and hurdles involved with inheritance tax. While wealth management was once thought of as something only the very wealthy needed, it is becoming more important for people to protect their assets, regardless of their level of wealth.

How Wealth Management Protects Your Wealth

Wealth management is the process of preserving and protecting your wealth against potential risks such as tax erosion, inflation or investment risks and unknown risks such as redundancy and sickness to ensure you have the means to provide for yourself and your family in the future.

There are many ways to protect your wealth, so it is a good idea to seek the advice from an IFA, such as Montage based in Chelmsford. As an IFA in Chelmsford we provide support and guidance on all aspects of wealth management planning including inheritance tax planning. The advice we provide is tailored to your unique personal circumstances and with your financial objectives in mind.

Important Questions To Consider

At Montage, we offer complex inheritance tax planning including trust planning. Our specialist advisers have the required permissions to offer plans to our clients that enables them to move part of the value of their home outside of their estate to help reduce the amount of inheritance tax on their main residence.

When thinking about wealth management it is far easier to identify known risks such as taxation, but it can be harder to think of unplanned threats such as redundancy or ill health. If your wealth management plan does not include the unexpected it could have a big impact on your wealth. To help you determine potential threats it is advisable to have a risk aversion strategy in place, here are a few things to consider:

  • Is my job secure?
  • What happens if my employer goes bust?
  • How secure are my investments?
  • What happens if a company I have invested in collapses or is unable to meet its obligations?
  • Is my occupational pension safe?
  • What happens if an elderly relative should go into residential care?
  • What happens if I divorce?
  • Do I have enough insurance?

Why Wealth Protection Is An Ongoing Process

As an IFA in Essex, our team understand that wealth management isn’t a one-off exercise. Like staying in shape, it is a process that requires ongoing management, reviewing and adjusting. As with all things in life, our financial situation can change very quickly and it is imperative that your wealth management strategy reflects and adapts to these changes.

To ensure you have the most effective wealth management strategy in place it is imperative that you seek independent financial advice that is tailored to your personal circumstances, aspirations and financial goals. As an IFA in Chelmsford, we work in partnership with our clients to provide financial advice on all aspects of wealth management.

The Best Wealth Management Is Bespoke To Your Needs

The advice we give is tailored to your personal needs, objectives and goals. We will work with you to not only devise your strategy, but to regularly review it and ensure it adapts with the changes in your life and circumstances and remains on track to achieve your goals.

As an IFA in Chelmsford, Montage provide wealth management advice to help our clients achieve freedom by being financially independent and in a position to make the choices they want to make, when they want to make them. We work to a structured plan to ensure we understand your personal circumstances and financial goals so that we can match our advice to meet your needs.

At Montage WM, we believe that financial planning should work mainly for people. Not for the financial product sellers. The key to realising your desired lifestyle is getting the right facts about the options available to you.

By partnering with Montage, we can guide you through the complex, shifting financial landscape before you. To have a friendly, free no-obligation chat with a financial adviser, call us on 01245 506010 or email via