Roger Badeley
Whatever your income it is important to look after your finances carefully. Wealth management is a way of giving you peace of mind for the present and the future. So, put simply, what does it entail?
This should be a straightforward task to accomplish but often we forget about previous occupational pensions and savings if they were started a long time ago. Everything counts though so make sure you have all your assets up to date and to hand.
Life is risky, there is no getting away from that but it helps to be aware of the risks. What would affect you financially most of all- job loss, care home fees for a parent, divorce, a critical illness? Be fully aware of the risks in your life and you can mitigate against them.
If you know what you have, and what you need the next logical step is to make a plan of how to get everything in order, both short term and in the long term. This isn't something you need to do in isolation which brings me on to the next point.
Some financial planning is pure common sense, some does require expert advice. If there is an area of your wealth that is tricky or problematic then seek the help of a qualified professional.
Even with expert advice, your life can change, and the economy can be unpredictable. Be ready to check your plans regularly, and make changes when the need arises. That way you will always be in control of your wealth.
