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The Advantages of Using a Wealth Manager

What is an A Wealth Manager?

A wealth manager is a flexible financial support service that combines both financial planning and investment management advice. A wealth manager can help you achieve your financial goals and ensure that your money is working properly for you. They can help you manage an investment portfolio, or even take care of the day-to-day management of a portfolio in its entirety.

There are many advantages to using a wealth management service, especially during times of uncertainty. With this in mind, Cave & Sons have outlined some of the advantages of using a wealth manager.

Long Term Financial Planning Tailored To You

Wealth managers can help you create a personalised plan to manage your finances in the short, medium, and long term. Your wealth manager will take into account your financial capacity as well as your goals to help you achieve what you desire out of your money.

Part of long term financial planning includes extensive forecasting; a process which involves predicting future markets and economies. Your wealth manager will be able to use their expert knowledge in the industry to offer clear, unbiased advice to ensure that your wealth is looked after well into the future.

A Helping Hand Every Step of the Way

It’s no secret that investment markets can be volatile. There are many reasons that can contribute to a market dipping, such as bad news in a particular industry or crises on a global scale. As markets fall, some investors will start making enormous changes to their long term financial plans, despite, for the most part, the plunges being only temporary.

A wealth manager is your voice of reason during these times. It can be tempting to mitigate financial damage by selling stocks before they drop further. In reality, however, selling stocks prematurely will add unnecessary turbulence to you long term plans, and be especially frustrating when you see the markets recovering.

Often, panicking is unwarranted. Your wealth manager will guide you through the times of uncertainty with calm, objective advice.

Support For Life

Many wealth managers will tell you that it’s ‘time in the market’ rather than ‘timing the market’ that counts. Indeed, the volatile nature of the markets we mentioned earlier can lead to some investors trying to strike while the iron is hot. While this can sometimes work, it’s not usually feasible in the long term.

The more sensible option is to continue with the investments over prolonged periods of time. Your wealth manager will be on hand throughout the entirety of your financial journey to remind you of the importance of adhering to your long term plan. With consistent reminders of long term performance, your wealth manager will demonstrate the value of keeping staying in the market.

Cave & Sons Ltd 

In times of turbulence, a wealth manager can be invaluable in ensuring your finances are looked after. Our team of expert wealth managers offer a highly flexible service, tailored to your specific requirements. Whether you want us to take full care of investments or prefer to retain some control, we are confident in our ability to give you exactly what you are looking for. Cave & Sons also offer an extensive financial planning service that can help support you and your family.

If you would like to enquire further, please give us a call on  01604 621 421 and speak to one of our team. Alternatively, you can fill in a contact form and we will be in touch as soon as possible.

Cave & Sons Ltd is authorised and regulated by the Financial Conduct Authority (FCA),  Financial Services Register number 143715.

Key Risks: Past performance is not a guide to future performance. The value of an investment and the income generated from it can go down as well as up, and is not guaranteed, therefore you may not get back the amount originally invested

This communication is for general information only and is not intended to be individual investment advice, tax or legal advice. The views expressed in this article are those of Cave & Sons and should not be considered as advice or a recommendation to buy, sell or hold a particular investment or product. You are recommended to seek professional regulated advice before taking any action. Tax and Estate Planning Services are not regulated by the Financial Conduct Authority