Why bespoke investment advice matters
I met with a client this week who was seeking investment management and financial advice. One of the key reasons for wanting financial advice was the upcoming pension changes next year relating to inheritance tax.
He is currently with a local wealth manager that was recently acquired by a large national firm, often referred to as a “consolidator.” He has been told that the existing bespoke investment management service will no longer be available and has instead been offered a generic model portfolio that does not reflect his specific needs. To make matters worse, the overall costs will be higher than he is paying now.
As a locally based business, we offer both financial advice and a joint service that includes fully bespoke investment management through local professional relationships. I suspect others may be in a similar position, and if this sounds familiar, please feel free to get in touch.
This information has been prepared with reasonable care. While we believe it to be accurate, it is not guaranteed and is provided for information purposes only. It should not be interpreted as a solicitation or offer to buy or sell securities, nor does it constitute investment advice.