If you’re new to wealth management and would like to understand more, we’re here to explain how it works and get you up to speed on how it can help you achieve your financial goals.
What is wealth management?
Wealth management combines financial planning and investment strategy to sustain and grow your wealth. Alongside investment management, it encompasses retirement planning, inheritance tax and estate planning, and more.
Wealth management enables you to protect and grow your family wealth in the most effective and tax-efficient way at every stage of your life, from getting married and funding education, to retirement planning and passing on wealth to the next generation.
Speak to a personal Wealth Manager
To discuss your wealth management needs, book a complimentary, no-obligation consultation.
Request a consultation
What are the advantages of wealth management?
There are several advantages to effective wealth management including:
- Many specialist services under one roof
- Clarity on your financial goals and how to achieve them
- A comprehensive financial plan tailored to your needs and attitude to risk
- A diversified investment portfolio expertly managed in your best interests
- Long term financial security for you and your family
Another advantage of our wealth management service is that the financial advice you’ll receive is independent (even of our own services) and impartial. You’ll also have a dedicated investment manager creating, managing and monitoring a bespoke investment solution for you.
Investment management
Our expert investment managers can run a personalised investment portfolio on your behalf or support you in making your own investment decisions.
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Personal wealth planning
Our independent wealth planners can help manage all aspects of your finances and investments and ensure they are structured, to meet your financial goals now and in later life.
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How our wealth management service works
Independent wealth planning
Your independent Wealth Planner can advise you on all aspects of your finances and investments and ensure they are structured to meet your financial goals now and in later life. This financial advice is independent even of our own products and services.
Starting with a comprehensive, fee-based strategic review of your entire financial situation and using cash flow modelling if appropriate to do so, your Wealth Planner will identify any specific issues and recommend the changes needed to help you meet your long-term goals.
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Discretionary portfolio management
Your own dedicated Investment Manager will build and run a personalised portfolio on your behalf, matched to your financial plans and the level of risk you’re comfortable with. With our discretionary service, you allow your Investment Manager to make adjustments to your portfolio without needing to ask your permission.
Your Investment Manager is supported by our rigorous and robust investment process, including the latest insights into local and international markets, enabling them to continually seek out suitable opportunities for you.
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Benefits of our wealth management service
- Independent financial advice covering every aspect of your life and future plans
- Direct relationship with your Investment Manager, building trust and ensuring accountability
- Regular updates so you always know how your investments are doing
- An investment portfolio created around you and managed in your best interests
- Your wealth taken care of by our experts, saving you time and enabling you to invest with confidence
- Suitable investment opportunities researched from around the world
Book a free consultation with a Wealth Manager
What happens next?
1. Arranging an initial consultation
First you can expect to receive an email from our team within 48 hours to find a suitable time that works for you, to arrange a voice or video call for an initial consultation.
2. Your consultation
During this consultation, a member of the team will discuss your situation with you to understand your requirements and answer any questions you might have about Canaccord Genuity Wealth Management and the services that we provide.
3. Referral to a Wealth Planner or Investment Manager
If you decide to progress with us, you will be referred to one of our Wealth Planners or Investment Managers to discuss your situation and requirements in more detail. They will then design a bespoke proposal detailing a unique investment portfolio that matches your individual requirements and attitude to risk, to meet you and your family’s needs.
4. Working with you long-term
With our wealth planning and investment management professionals, your wealth is in expert hands. Our mission is simple - to help you build your wealth with confidence. We will always keep you informed about your investment portfolio and performance and will continue to work with you to build our relationship on your terms. We can meet with you face-to-face, by phone or by email, whichever is more convenient for you. You can also access your account online at any time through our app. Our wealth management professionals are always readily available to speak with you.
Our wealth management expertise in action
Selling a business
If you’ve decided to sell your business, you’ll be entering an exciting, but perhaps daunting, new chapter with newly acquired wealth to consider. We can provide strategic advice and suggest practical ways to manage your wealth before, during and after the sale of your business.
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Getting divorced
If you’re recently divorced, or are going through the process, we can help you organise your finances and make the best of use of your assets.
We understand that this is a difficult time and that financial considerations can add to the stress. We'll work with you to make sure you feel in control of your new circ*mstances.
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Losing your partner
If you’ve recently lost your partner who’s always been responsible for managing the finances, having to take on this role can be a daunting prospect – particularly when thinking about later life care. We understand how this must feel and can help you re-plan your finances so you know your future is in safe hands.
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Can I change my wealth manager?
Yes, you can change your wealth manager and you’re free to do so whenever you want. So, if you’re unsure about the performance of your current wealth manager or dissatisfied with the service you’re getting, it’s worth looking around for better.
We offer a free service consultation, where you can share your concerns and learn what we can do differently to better help grow your wealth and put your mind at rest. We will also do all we can to make moving your investments to us as easy as possible.
Your wealth management questions answered
The simple answer is whenever you like; there’s no set age or time. Getting a wealth manager can be particularly worthwhile if you’ve accumulated a lot of wealth in a short time, your financial situation is complicated, your circ*mstances have recently changed, or they are about to. For example, receiving an inheritance, changing career, starting a family, getting married, divorced or approaching retirement.
You don’t need a specific amount of money to use a wealth manager, so please don’t assume you’re not wealthy enough. Each wealth management firm usually sets its own minimum investment level for clients.
At Canaccord Genuity Wealth Management, our clients usually have over £250,000 of assets to invest, but we may be able to help if you have less than this, provided we believe our services are likely to be of real value to you.
Choosing a wealth manager is a big decision that needs careful thought. It’s important to consider more than price alone. A good wealth manager could give you the valuable advice and long-term investment performance that makes the price worth paying.
- Do your research to check their credentials and reputation
- Get recommendations from friends and family
- Read reviews and testimonials from clients
- Meet them in person to get a feel for the firm and the person you will be dealing with
- Ask what they can do for you and how they will look after your interests
- Ask them to explain their fees and the value you will get for this
- Finally, once your head is satisfied, go with your gut. Don’t forget, you could be working with them for a long time, so a trusting relationship is vital.
A wealth manager should be worth the money if their expertise and advice help you achieve your financial goals.
The more wealth you accumulate, the more you will need to consider including your tax liabilities, and the more options you may have to choose between. A good wealth manager should have the financial planning and investment management expertise to make sense of all these elements to help you make informed decisions on how best to preserve and grow that wealth.
Whether it’s better for you to use a wealth manager or do it yourself depends on many things including:
- How much money you have to invest
- How complicated your financial situation is
- How confident you are in your knowledge of finance, investment markets and tax mitigation
- How much time you can devote to managing your wealth and keeping up with market movements and trends
- What you ultimately want to achieve.
A Wealth Manager can take all of this into account and best of all, they have the time and expertise to look after your wealth day to day, year to year.
Speak to a personal Wealth Manager
To discuss your wealth management needs, book a complimentary, no-obligation consultation.
Request a consultation
Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested. Past performance is not a reliable indicator of future performance.
The tax treatment of all investments depends upon individual circ*mstances and the levels and basis of taxation may change in the future. Investors should discuss their financial arrangements with their own tax adviser before investing.
The information provided is not to be treated as specific advice. It has no regard for the specific investment objectives, financial situation or needs of any specific person or entity.
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Some of our wealth management experts
If you would like to know how more about wealth management, please get in touch. We would be delighted to provide more details of our services.
Simon Moore
Wealth Planning Director
Simon is a Wealth Planning Director for Canaccord Genuity Wealth Management, providing bespoke wealth planning and portfolio management to high net worth individuals. He is a Chartered Financial Planner and member of the CGWM Advice and Solutions Committee.
simon.moore@canaccord.com
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Roisin Newton
Investment Manager
Roisin works with Richard Pollitzer, assisting with the management of discretionary and advisory portfolios. The investment focus is equity led for a diverse client base including individual portfolios, private companies, pensions, charities, Funds at Lloyds and trusts.
Roisin has a first class degree in Financial Economics (BSc) and has completed the CFA Investment Management Certificate, the CISI Investment Advice Diploma and the CISI Private Client Investment Advice & Management (Level 6).
Roisin.Scott@canaccord.com
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Mike Ferrington
Wealth Planning Director
Beginning his advisory career in 2005, Mike joined Canaccord in 2011 and specialises in providing strategic financial planning services and tax-driven investment planning to high net worth private clients. Mike is a Chartered Fellow of the CISI and a Chartered Financial Planner.
mike.ferrington@canaccord.com
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How can we help?
If you would like to know how we can help with your investment management, wealth or financial planning needs, get in touch. We will be delighted to provide more details of our services.
