News and Articles

A Guide to Wealth Management

By | Wealth Management | No Comments

We can plan our lives, but events can happen that can turn our lives upside down. We can work with you to make sure you have a plan in place that ensures that you and your family are provided for in the event of premature death, injury, serious injury or poor performing investments.

Whatever your age or level of wealth, it is good practice to ensure that your wealth is preserved and protected against the threat of erosion by taxation, the effects of ill health, loss of income and investment risks. There are many ways to protect your wealth, so it is a good idea to seek the advice from an independent financial adviser. At Castlegate, a firm of Chartered financial planner, we provide financial advice in Lincolnshire and the surrounding areas.

Although there are plenty of ways to preserve your wealth against common threats such as taxation, there may be unidentified risks that pose a far greater risk to your wealth and the financial security of your family. It is good practice to have a risk aversion strategy in place, risk aversion starts with asking yourself a few questions such as:

  • 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 has to go into residential care?
  • What happens if I divorce?
  • Do I have enough insurance?

Answering the above questions will help you clarify the issues and will form the basis of your risk aversion strategy. Depending on your personal circumstances there are likely to be other unidentified risks that could pose a threat to your wealth, we always recommend seeking financial advice when planning your risk aversion strategy to ensure you have the best plan in place to protect your wealth.

An important part of the wealth management process is to develop a risk aversion strategy that is regularly reviews to ensure that it is relevant to your situation. A financial adviser can help you put steps in place to protect the standard of living of you and your family, should an unexpected event occur.

An independent financial adviser such as Castlegate will be able to advise on the best way to achieve this by assessing your existing arrangements and providing you with guidance on how to protect your wealth and family.

Our team offer independent financial advice in Lincolnshire to provide you with wealth management advice to create, build and protect your wealth and minimise your tax liability in a wealth preservation plan which we will develop and monitor over a long-term, ongoing relationship.

At Castlegate, we provide support and whole of market sourced advice to our clients on all aspects of financial advice in Lincolnshire and the surrounding areas. If you are looking for independent financial advice in Lincolnshire or the surrounding areas, please do not hesitate to get in touch to discuss your requirements.