27 May 2022
How to prepare for life’s big moments
When it comes to navigating challenges and achieving personal goals, wealth planning and investment management could help.
In a busy, post-lockdown world, conversations about personal wealth management are often overlooked. Many clients tell us they don’t have the time or expertise to manage their finances and this lack of planning could make it difficult to achieve future goals.
External support can help. Here is how we’re helping clients fulfil their ambitions at Investec Wealth & Investment.
“I need to manage my cash-flow while I build my career or business.”
As life progresses, finances often become more complex as income levels change. This is where a financial plan can provide reassurance.
“The aim of financial planning is to help clients manage their cash-flow in a way that helps them achieve their future goals,” says Laura Atkins, Financial Planning Director at Investec Wealth & Investment.
Cash-flow must be considered in conjunction with savings and investment vehicles to protect and grow wealth. “As a first step, many clients are looking to achieve a stable cash flow, while making pension contributions and putting money into a tax-efficient wrapper like an ISA,” she adds.
The aim of financial planning is to help clients manage their cash-flow in a way that helps them achieve their future goals.
“I want to think as a family now.”
With an understanding of individuals’ goals, we can consider which tax structures might be available to protect your wealth appropriately, but we recommend looking at the use of savings and investment vehicles for the whole family too.
A first step is to ensure that basic allowances are being used. “It sounds simple, but many people aren’t fully aware of the tax landscape. With marriage and children comes more complexity and more opportunity to put clear structures in place and benefit from tax-efficiency,” says Financial Planning Director Laura Atkins.
“I want to make a difference.”
Every individual has a different attitude towards risk and wealth management ensures that your investments are viewed through the lens of your needs as well as the needs of society and the environment.
Investec Wealth & Investment integrates environmental, social and governance considerations into our investment processes to identify threats to investments over time. We also work with the funds and companies we invest in to ensure they are operating in a way that contributes positively to society and the environment. “Our purpose is to create enduring worth, living in society, not off it,” says Matt. “This means we recognise our impact on the world around us and look to safeguard the wealth entrusted to us. We can make recommendations for a portfolio with your values in mind.”
The value of a portfolio may grow over time so we encourage our clients and their children to think ahead for maximum gains.
“I need to plan for retirement.”
Whatever retirement means to you, you may need to fund lifestyle changes. We work with clients to understand how much income they might need and put in place investment strategies which may include consolidating existing pensions.
This process should start early. “The value of a portfolio may grow over time so we encourage our clients and their children to think ahead for maximum gains,” adds Matt.
With a plan in place, it’s possible to evaluate when retirement could work for you, he explains. “With visibility of assets and income, cash flow and intended lifestyle, it may be the case that clients can stop working sooner than they think. Equally, if you’ve already retired or are thinking of doing so soon, it’s never too late to review your options.”
Sensitive planning combined with use of allowances or exemptions could reduce Inheritance Tax liability and provide peace of mind.
“I want to help the next generation.”
Finally, for many individuals, the financial security of children and grandchildren is just as important as their personal needs. We work with our clients to structure the wealth of the next generation too and support intergenerational transfer of assets.
“While many people will have their own ambitions, conversations about family members' incomes, savings and investments are often interrelated,” says Laura.
There are a number of ways to ensure assets are transferred efficiently to beneficiaries. “Sensitive planning combined with use of allowances or exemptions could reduce Inheritance Tax liability and provide peace of mind,” she adds. “As with all financial matters, thinking ahead means we can provide the greatest level of support and impact.”
Have your own priorities in mind? Start a conversation with Investec Wealth & Investment today.
The information contained in this publication does not constitute a personal recommendation and no action should be taken, or not taken, on account of the information provided. Please remember past performance is not necessarily a guide to the future and should not be relied upon. The value of investments can go down as well as up and you may not get back the full amount invested. Your capital is at risk.