Wealth Management
One definition of wealth is 'having an abundant supply of money or possessions of value'. The trouble is, 'abundance' doesn't happen without hard work and to maintain it over the years needs expert financial planning! That's where Wealth Management comes in.
At Carpenter Box Wealth Management we start by listening to you. We want to understand what you want to achieve with your wealth and help you plan to make sure that it happens. Our approach is based on a partnership. The world is too complicated to say that the answer now will be the same answer to your needs in 1 or 2 years time. If it is, great! But we all know the world changes. Tax laws are modified. What was good at generating income or capital last year may not be as good in 18 months. So working with you, we continually review your needs and help you adapt to the changing environment that is the financial world to meet your own needs, which will no doubt change over time. Our approach is based on looking at eight principle areas:
- Investment Management: We start with a discliplined investment strategy that is designed just for you, with your unique goals and needs in mind. Your tolerance for risk and market voltility is our critical concern.
- Family Risk Management: Even the best investment and financial plans can crumble if you have not properly prepared for the risks that exist for every family. Should something happen, such as disability, death, or long-term-care need, the most carefully planned investment startegy can unravel. We can evaluate your current risk plans to determine if they ar adequately meeing your needs at this stage of your life and as you plan for the future.
- Retirement Planning: We partner with you to create a retirement plan balancing your needs now with your needs in the future, including likely income requirements, potential tax implications and the risks that can stand in the way of realising your retirement vision.
- Education Planning: Every child dreams about what they will be when they grow up, and a university education can be the most important factor in that dream becoming a reality. We can help you identify how much money you need to send your children or grandchildren to university, determine how much you need to save, and how this dedicated investment fits with your overall investment management plan.
- Estate Planning: Estate planning is about so much more than just money. Simply stated, an estate plan ensures that what you want to happen will happen in your later years and after your death. We, are uniquely positioned to assist our Wealth Management clients in this vital area. Working with your solicitor or our own recommended private client lawyers, we can draft the necessary documents, which may include a Will, a Lasting Power of Attorney, A Trust, and even a A Living Will. Simply put, proper estate planning can prevent the problem of placing your family in the position of facing uncertainty at the worst possible time.
- Business Planning: As a business owner, you face daily challenges. The demands of running your company may leave very little time to focus on the important financial matters that can have a major impact on you, your family, your business, and your future. As your advisers, we help you evaluate and implement strategies that not only protect your business, but also take advantage of opportunities that could improve the cash flow, tax situation, benefits, and bottom line of what for many is their major asset and life's work.
- Special Situations Planning: Throughout your life it's almost guaranteed that some unexpected needs will come your way, whether it is planning for a wedding, taking a spur-of-the-moment dream holiday, deciding to buy a second home or facing unexpected expenses due to unforeseen events such as an unforseen business issue or a divorce etc. We're here to help you with situations that are not part of the plan to flex a solution to the particular need and resolve whatever financial challenge arises.
- Tax Advice: With our affiliate tax colleagues in the Tax Services Group at Carpenter Box*, we are uniquely positioned to assist our Wealth Management clients in this critical area. We provide tax advice which truly integrates with the financial advise we offer making sure that your wealth grows and whilst you pay the minimum tax allowable. Carpenter Box can also where necessary represent clients before the HMRC to iron out any disputes.
We hope you can see that we offer a pretty comprehensive service so why not contact Simon Fox or Kate Scrace for an informal chat about how we can help you. We're really happy to chat things through with no obligation.
Authorised and regulated by the Financial Services Authority