Everyone will retire at some point in their life. As financial advisors in Cardiff, we know the importance of planning ahead and managing our metaphorical ‘To-Do’ list when it comes to life in retirement. There are so many things you have to consider and there are so many things that can frighten people. Don’t worry, it shouldn’t have to be daunting if you’re prepared. In this post we’ve provided some tips that you should consider when it comes to retirement. One of the services that we, as Cardiff financial advisors offer, is the advice on pension planning and money management.

So, without further ado..

You’ve probably heard the term ‘wealth management’ quite a lot. We’re guessing you can’t pinpoint exactly what it means and so in this post we will break down the mystery that is ‘wealth management’ and explain to you the reasons why it’s a must in the world of financial expansion. For many, investing in a financial advisor in Cardiff has changed their life.

Wealth management is the system of positively altering or maginifying a clients’ financial situation. A person who manages wealth is in the business of trying to find financial solutions and provide directions to a person who is looking to make more money. Wealth managers tend to deal with high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). ‘Clients looking for wealth managers range from those with £50,000 in assets to those with over 100 million’.

Wealth managers or financial consultants work on a consultative basis. An easier way to understand the process of wealth management is to look at it from two different points of view: the clients’ and the consultants’.