Home Finance How a wealth planner can help you take control of your finances

How a wealth planner can help you take control of your finances

In an ever-changing economic climate and cost-of-living crisis, there’s an increasing need to better understand and manage our finances.

However, this can be daunting on your own, especially as your decisions can also affect your partner or family. And if you don’t quite know where to start, having the assistance and guidance of a specialist could help massively.

With offices across the UK, Succession Wealth has a dedicated and knowledgeable team of wealth planners delivering high-quality tailored advice, locally, to help people achieve more with their money.

Whether you’re an individual looking to invest, someone starting on their path to financial security, or are approaching retirement, a wealth planner will typically get to know you, your individual circumstances, and your personal short and long-term financial goals, before advising what may work for you.

Here are just a few ways a wealth planner can potentially help you protect, manage, and grow your assets…

1. Holistic financial planning

Wealth planners usually aim to take a holistic approach to financial planning, considering various aspects of your financial life. They will typically analyse your current financial situation, understand your short and long-term goals, and develop personalised strategies to help you achieve them. 

This comprehensive approach ensures that all aspects of your financial well-being are addressed, from investment management and tax optimisation, to estate and retirement planning.

2. Customised investment strategies

One of the primary roles of a good wealth planner is to ensure that your investment strategies are individually tailored to your specific risk tolerance, your financial objectives, and time horizon. They utilise their expertise and market insights with the aim of maximising returns while minimising risk.

3. Risk management

Effective risk management is essential for preserving and growing wealth. Specialist wealth planners typically understand how everyday occurrences can pose potential threats to your financial security, such as market volatility, inflation, or unexpected life events.

A good wealth planner will work with you so that you have a financial plan that truly considers and reflects your current lifestyle, situation, and future aspirations.

4. Tax optimisation

The complexities of the tax system may mean you’re paying more than you should be, which can potentially impact your investment returns and overall financial success. 

If reviewing your financial situation on an annual basis, a wealth planner may be able to identify strategies to help reduce your tax costs or boost your after-tax returns each year. Making sure that your tax liabilities are reflective of your specific circumstances, and ensuring that any available relief and exemptions have been utilised, may help to reduce your tax bill.

5. Estate planning

Planning the transference of assets to future generations is a key aspect of comprehensive financial planning.

A wealth planner will often look at how to structure your assets and consider the most opportune time for a transfer of wealth to take place to ensure that you can sustain your standard of living, as well as how to preserve and transfer assets in the most tax-efficient manner. 

They can help you create a will, trusts where appropriate, and other estate planning documents, ensuring that your wishes are carried out and your loved ones are provided for as you wish.

6. Financial education and empowerment

Wealth planners can also serve as trusted advisors, providing relevant financial education and empowering you to make informed decisions. They will often take the time to explain complex financial concepts in layman’s terms, helping you understand the rationale behind their recommendations and the potential implications for your financial future.

By fostering financial literacy and confidence in this manner, wealth planners can empower you to take control of your financial destiny.

7. Peace of mind

What’s more, a wealth planner can help give you peace of mind, knowing your financial affairs are in capable hands. 

By outsourcing the complexities of wealth management to a professional, you can potentially free up valuable time to focus on what matters most to you – whether it’s pursuing your passions, spending time with loved ones, or enjoying your well-deserved retirement.

Take steps today 

With Succession Wealth, it’s easy to navigate the complexities of wealth management with confidence and potentially achieve your individual financial goals more efficiently.

Whether you’re seeking to build wealth, preserve your assets or simply plan for the future, the firm could be an invaluable partner on your journey to financial success.

To find out more about how Succession Wealth could help you, and to book a consultation, visit www.successionwealth.co.uk

Succession Wealth is a trading style of Succession Wealth Management Limited, which is authorised and regulated by the Financial Conduct Authority. Financial Services Register number 588378.

This article is for general information only and was accurate at the time of writing. The information in this article is based on a current understanding of taxation legislation and regulations. Any levels and bases of, and reliefs from, taxation are subject to change and tax implications will be based on your individual circumstances.


Please enter your comment!
Please enter your name here