Financial Planning
Financial planning is important because it can help you achieve financial security, build wealth, and create a stable financial future. By taking control of your finances, you can ensure that you are able to achieve your goals and have the resources you need to live the life you want.
MAKE THE RIGHT CHOICES,
TO SECURE YOUR FINANCIAL FUTURE
Securing your financial future can be overwhelming, but it’s essential to plan for your long-term financial goals. Seeking independent financial advice can provide peace of mind, as clients can trust that the advice they receive is objective and unbiased. As an independent financial management company, Wright Financial Management provides different options to cater for different financial needs. Our main objective is to create a personalised financial plan tailored to your specific goals and preferences. Our financial experts work closely with you and design a roadmap to achieve your financial objectives, considering all factors affecting your finances.
Pensions - Individual & Corporate
Pension services cater to individuals and corporate entities, offering different schemes depending on their specific needs, requirements, and circumstances. Individuals can choose from a range of pension plans including personal pensions, self-invested personal pensions (SIPPs), income drawdown, and pension plans for the self-employed. Corporate pension plans can be availed for employees through group pension schemes or defined benefit schemes. Pension services also provide solutions for divorce situations and pension sharing, aiming to assist individuals in rebuilding their pensions after a divorce. Investment advice and management services are available to ensure that clients make informed decisions about their investments. Pension services are regulated to ensure that individuals and corporations receive high quality, impartial, and suitable advice. Ultimately, pension services strive to enhance financial security and help clients achieve their desired retirement goals.
Investments -ISA’s, ISA transfers, Open Ended Investment Companies (OEIC’s), Capital Investment Bonds etc
Investing is a great way to put your money to work to help you achieve your financial goals. There are numerous investment options available such as ISA’s, ISA transfers, Open Ended Investment Companies (OEIC’s), Capital Investment Bonds and more. ISA’s or Individual Savings Accounts allow you to save or invest a certain amount of money without paying any tax on the interest or gains you generate. ISA transfers allow you to move your ISA between different providers or types of ISA’s without losing your tax-free status. OEIC’s are similar to mutual funds that pool investors’ money together and invest in a range of assets such as stocks, bonds, and property. Capital Investment Bonds are long-term investment options that are usually taken out by individuals who have fully used their ISA allowance, or for those who are looking for an alternative to traditional pension arrangements. It is important to do your research and understand each investment option before making any decisions.
Wealth Accumulation & Management
Wealth accumulation is the process of accumulating or building up wealth over time through various strategies such as investing in stocks, real estate, and other assets. Wealth management, on the other hand, refers to the management and preservation of wealth over time to ensure it is sustained and protected for future generations. To effectively manage wealth, individuals and families require accurate and up-to-date information about their finances, investments, and assets. This information can come from a variety of sources, including financial advisors, accountants, and trusted family members. Effective wealth management also involves setting financial goals, managing debt, and developing a long-term financial plan that takes into account potential risks, such as market fluctuations and unexpected life events. Ultimately, successful wealth management requires a combination of financial expertise, careful planning, and ongoing monitoring and adjustment to ensure the best possible outcomes over the long term.
Inheritance tax planning (IHT) – Family Wealth Preservation
Inheritance tax planning or IHT is an important aspect of family wealth preservation. It is important to plan ahead to minimize the tax liability and ensure that your assets are passed on to your loved ones without any complications. With proper IHT planning, you can protect your estate and significantly reduce your inheritance tax bill. There are several options available for IHT planning, such as making gifts, creating trusts, and setting up life insurance policies. It is important to seek professional advice from a financial advisor or estate planning specialist to determine the most appropriate IHT planning strategy for your individual circumstances. Family wealth preservation through IHT planning is not only beneficial for your loved ones but also ensures that your assets are managed and distributed according to your wishes, providing peace of mind for you and your family.
Protection needs for both individuals and corporate clients including family protection,life cover, mortgage protection, illness cover, partnership and Keyman cover.
Protection is an essential aspect of our lives, and it is crucial to consider all possible scenarios to ensure we are adequately covered. For individuals, family protection is important, and life cover can provide a valuable safety net for our loved ones should the worst happen. Mortgage protection can keep our homes safe from repossession due to redundancy or illness preventing us from making payments. Illness cover can provide financial support in the event of critical illness, enabling us to focus on recovery without worrying about our finances. For corporate clients, partnership and Keyman cover can provide valuable protection for businesses in the event of unexpected death or illness of a key member of staff or partner. It is essential to seek professional advice to ensure you have the most effective protection in place for your individual or corporate needs.
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