What is "wealth management?" It’s about your life and the milestones around which you build it. From the home you buy to the schools where you send your children. From pleasurable things, like holidays, to important responsibilities, such as the care of loved ones.Only by understanding exactly what matters in your life is it possible to plan your ideal future. You can then begin to assess the best strategy to take on investments, retirement preparations and tax efficiency. That’s where Devonshire Wealth Management comes into the picture. They specialise in helping people make the most of their financial lives. But don't take our word for it. Choosing the right wealth manager is critical and so here are a few things to look for.
What To Look For In A Wealth ManagerSome people may be baffled by the term wealth manager as its use increases, but it does have different applications from someone managing a multi-millionaires portfolio right the way down to financial advice on all aspects of your financial life, which you may know as a Financial Advisor. It is important to understand there are independent financial advisors and there are restricted financial advisors and this can affect the type of advice you receive from them.
Independent Financial AdvisorsAn Independent Financial Advisor must show that;
- They can offer advice on a complete variety of investment products from a selection of product providers. This must include information on stocks, shares and managed funds, life policies, annuities and pensions.
- They can locate suitable products for you depending on your situation and circumstances
- They are not influenced by anyone or anything that may affect their recommendation of the most suitable product
- Where you are looking for nonspecific financial advice, an Independent Financial Advisor may be the best option so you can have a broad look at everything on offer.