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Protecting your wealth
February 2, 2024
You work hard to build wealth so you deserve to spend it as you like. That could be treating the grandchildren, purchasing your dream house or investing for the long term. The effort that you put into earning your wealth makes it worth protecting so you want reassurance that your money will work as hard as you do. At Lester Brunt, our priority is to help you take control of your wealth so you can continue to build and protect it, whilst also enjoying your time in the present.
Managing Risk
Risk management is the financial planning process of identifying, assessing and mitigating potential risks that could impact assets and investments for an individual, family or business. It is important that you understand these risks and create an investment plan you feel confident in.
Diversification
A wealth management company should advise on distributing your investments to reduce risk. An adviser can help you invest your money across a wide range of asset classes, stocks, bonds and real estate from different sectors and geographical regions. Assets should be diversified and invested globally to avoid concentration in one area. You don’t want to keep all of your eggs in one basket, you want to invest in a range of sectors so if one should start to underperform the rest of your portfolio can balance it out.
Asset Allocation
As a client, a Lester Brunt adviser will meet with you to outline your goals and create a strategy that aligns with your attitude to risk. If you want immediate access to your money it may not be wise to lock it away in an ISA or play the stock market, however, if you are happy to wait patiently for a few years, a stocks and shares ISA is a feasible long-term strategy that allows for accumulation and growth.
Assesment of Risk
Effective risk management is crucial to protect and grow assets while ensuring tailored strategies that align with your financial goals, risk profiles and changing market conditions. Our clients are happy with the way we optimise wealth and long-term financial stability, and we ensure they trust the process and are confident in our team.
Risk management is a priority in your financial planning journey. To understand your level of risk, we will take into account your time horizons to explore how long you aim to invest for, your level of experience and your capacity for loss. If you are happy to take on risk, we can help you invest in stocks and shares. If you prefer to invest cautiously we will hold more money in the bank.
Looking for a wealth management company you can trust? Contact us to see how we can help you reach your goals. Call us on 01202 695801 or complete our contact form.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
The levels and bases of taxation and reliefs from taxation can change at any time. Tax relief is dependent on individual circumstances.
Written By Robert Brunt
Chartered Financial Adviser
Lester Brunt Wealth Management
Lester Brunt Wealth Management is a trading name of Lester Brunt Wealth Management Ltd
SJP Approved 29/11/2023