Wealth Management

Wealth Management is effectively the controlling of the mix of asset classes (EG Shares, gilts, property, cash) that you invest in. It also involves the choice of fund manager (EG Fidelity and Jupiter) or in the case of a stockbroker, individual stocks and shares.

Wealth Management is an important process in all types of investment including pensions, ISA's Investment Bonds and General Investment Accounts.

Wealth managers can either work on a discretionary or advised basis. Discretionary means that the wealth manager has total control as to which assets you invest in and can switch these assets at anytime without your prior agreement. Discretionary managers also normally are allowed to hold clients money within their own (ring fenced) accounts.

Advisory managers on the other hand are unable to hold client's monies and also need authority from the client for every change within a portfolio.

The majority of Financial advisers are Advisory Wealth managers, but due to limited experience, ability or desire many will outsource the process to a discretionary manager.

Tara Financial Services Ltd are advisory managers, but we consider the choice and mix of assets to be an integral part of the planning process we offer clients.

In the majority of cases we will endeavour to create a bespoke portfolio specific for your requirements. We can also, if employed to do so, complete regular reviews of the portfolio to ensure its continued suitability and make any adjustments over time to take account of market and economic conditions, or changes in your circumstances. All recommended changes will have to be agreed by you, which though slower to implement also means you have control over your investments at all times.

If you have existing investments, Tara Financial Services can take over their regular management and employ the same bespoke process to ensure the portfolio matches your needs.

To find out more contact us now on 0118 979 6002