Assessing your Attitude towards Risk and selecting Investment Funds
It can sometimes be difficult to understand Investment Risk, so by asking questions that require you to have a degree of expert knowledge is not our way. Instead, we ask a set of questions that allow you to consider specific situations, from which we draw conclusions.
Once we have analysed your responses we will be able to present you with a range of possible investment portfolio strategies that will match your requirements.
Nothing in life is free and this applies to professional financial planning advice.
For the majority of our work on investments, whether they be ISA’s, unit trusts, OEIC’s, pensions or insurance bonds, we will agree a fee at the beginning of the process which can then be paid from your bank account or from the investment that you are making. We will discuss rates and options during our first meeting this can be done as a pre-agreed fixed fee or an hourly rate.
Managing your investments
Our clients invest for a variety of reasons including to plan for their own future security, to help their children with education costs or simply for a ‘rainy day’.
Whatever the reason you are investing, we can help you put together a programme that matches different assets such as cash, equities, property, bonds, etc to provide suitable diversification for your particular circumstances.
We believe it is important that the ‘risk-reward balance’ adopted reflects your personal attitude towards investments, so we take time to understand about you. After all, what is an ‘acceptable’ risk to one person many be a step too far for another and this can influence the ‘asset allocation’ strategy we recommend.
When planning your investment portfolio, we will take care to ensure that any tax benefits available will be taken advantage of. This will include considering the use of pension contributions, ISA investments and, where appropriate, scheduling the realisation of asset sales to minimise the impact of Capital Gains and Inheritance taxes.
The value of your investment can go down as well as up and you may get back less than you invested.
Managing your tax liability
With the likelihood that the tax burden will increase over the next few years, it has never been more important to ensure that you do not pay more tax than necessary. We spend time with our clients to ensure that they will not be unnecessarily burdened by taxation in a number of areas including:
- Income – by using pensions, ISAs and other tax-efficient investments
- Capital Gains – by using careful planning and
- Inheritance – by mitigating any potential liability including the use of gifts and protection policies.
We also work with solicitors to ensure that Trusts are not exposed to more tax than is necessary.
Inheritance Tax is possibly the tax that most agitates, and is often seen as a tax on assets that may already have been taxed whilst an individual was alive. For example, savings will have been built up from taxed income, and interest earned on deposit accounts also being subject to income tax.
However, Inheritance Tax, sometimes referred to as a “voluntary” tax, can be mitigated by using structured planning to help reduce any potential liability.
We are well positioned to discuss the wide range of options available and make recommendations as to the most appropriate strategy for your situation.
The Financial Conduct Authority does not regulate taxation and Trust advice.
Mr. GEA, York
"...I found that Elaine talk things through in an understandable way – without sounding condescending or too technical..."
Ms H., Kingston upon Hull
"...I followed her advice... She has remained my Financial Adviser ever since and I would not dream of anyone else doing this..."
The information, guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
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