Wealth Management Service

Transcription

1 Wealth Management Service

2 About AGL Wealth Management Ltd AGL Wealth Management Ltd is a firm of Independent Financial Advisors authorised and regulated by the Financial Conduct Authority. Our senior management team has been drawn from some of the UK s largest financial institutions within the Private Client and Corporate arena, with each senior manager having a minimum of over 20 years industry experience. We protect and enhance our clients wealth Our ethos is to devise and implement practical yet innovative wealth management and corporate solutions that are tailored to meet each of our clients specific needs. Our dedication in working with our clients towards their goals has created a powerful bond of trust and respect that is admired by our business partners and competitors. Our proven track record and high net worth industry experience provides our clients with unbiased answers and solutions tailored to their needs and situations. We believe that our commitment to learning and continual improvement is unparalleled in the industry. This environment has fostered decision making that energises and rewards us for doing work that is important to our community and vital to our clients. We have also attracted and retained the best people available. There can be no doubt that professional advice, received at the right time, can be of significant benefit to individuals and businesses. We offer our clients this advice in a fair and impartial manner, explaining in clear and simple terms what can be reasonably expected from any strategy or plan adopted. We then commit to a comprehensive on-going review service, designed to monitor the effectiveness of the strategy and to keep the client on track. We also work with other specialist advisors to ensure we provide a holistic wealth management and corporate proposition. 1

3 Our approach Most people already have an investment portfolio, which by definition, is a collection of assets that intends to make a profit. However, many people struggle to answer a simple question. Is their existing investment portfolio right for them? To help you answer this, it s worth considering these questions. Do you clearly understand your financial goals? know what level of risk you are willing and can afford to accept? know what your overall current asset allocation is? know what your ideal asset allocation is? understand the performance characteristics of each asset you hold? know why you are holding each asset? know the level of risk in your portfolio? currently take more risk than you have the capacity to accept? understand the risk of remaining in cash? know if your tax position is optimised? ensure your portfolio is regularly reviewed? As Financial Advisers with many years experience, these are just some of the questions we ask our clients. We deliver a wealth management service that embraces tried and tested steps to ensure your portfolio is right for you. This means you can feel confident we are giving your hard-earned savings the best chance of achieving your goals with the minimum risk you are willing to take. You can feel confident we are giving your hard-earned savings the best chance of achieving your goals. 2

4 The key steps to successful investing A Getting to know you - client engagement Before advising you, we get to know you. This involves asking questions to help us understand your aims and circumstances. From there, we will assess the financial resources you have set aside to achieve your goals. We will also ask you to complete a short questionnaire. Your answers will help us assess your willingness to take risk and capacity to accept it. We will then discuss the questionnaire with you to ensure you understand the possible investment returns you might expect. B Prioritising your goals strategy and planning We will help you prioritise your goals within an investment timeline featuring these durations: Short Term 6 to 24 months Medium Term 2 to 5 years Long Term 5 to 10 years and beyond With your investment timeline in place, we will help arrange your finances. We aim to optimise your ability to achieve your goals with the appropriate level of risk to your portfolio and future standard of living. C Investing your money - implementation Once your financial plan is in place, we will account for your attitude to risk and recommend the most suitable mix of assets to achieve your goals. This may involve a mixture of Cash, Bonds, Property and Equities, depending on your risk profile. Before recommending an overall approach that you are comfortable with, we will explain the merits of strategic and tactical asset allocation and active and passive strategies. Past performance is not necessarily a guide to the future. You may not get back the full amount of your investment. After agreeing the strategy, we will review your current investments, to ensure they are still suitable within your new risk-rated portfolio. We will then build a tailored investment portfolio for you and provide a clear picture of its expected performance over time. Naturally, we cannot guarantee these numbers. 3

5 D Optimising your tax position To optimise your returns, we will ensure your new portfolio takes advantage of all available tax allowances while making sure they do not compromise your financial plan. Where appropriate, we will access Individual Savings Accounts (ISAs), pensions, onshore and offshore bond tax structures, and a general investment account to optimise your annual capital gains tax allowances. We may also recommend trusts, and various tax-efficient contracts to manage inheritance tax liabilities and help distribute your wealth. Trusts and tax planning are not regulated by the Financial Conduct Authority. E Keeping your portfolio current on-going service Your portfolio is only current at the date we create it. World markets move by the second, economic climates change and fund managers come and go. This means your investment portfolio can quickly deviate from your expected level of risk and be less able to achieve your goals. That s why our wealth management service s review process is so vital. Review your asset allocation To ensure your portfolio matches your agreed level of risk and is on target to achieve the expected returns for reaching each goal, we regularly rebalance your asset allocation. So you can rest assured your portfolio is never exposed to excessive risk that will increase the potential for short-term losses. Equally, you can relax knowing your portfolio will not be overly cautious, reducing your potential for growth and jeopardising its aim of achieving your goals. Every quarter, we will review your investment portfolio. Where necessary, we will adjust the portfolio to ensure your investments provide optimum returns and remain financially stable. Review your goals Every quarter, we will offer you the opportunity to meet and review the performance of your portfolio and discuss any changes in your life. We will ensure your goals remain current and, if necessary, adjust your investment timeline. We will also review your attitude and capacity for risk. Where appropriate, we will adjust your portfolio and range of tax wrappers. This will ensure your portfolio remains optimised towards achieving your financial goals and objectives. Review your investments As economic climates, markets and fund management groups change, you must make sure your investments remain appropriate for your portfolio. 4

6 It s your future Everyone has goals they would like to achieve in their lives. So why do so many people leave pursuing their dreams to chance? Many of us spend little time planning our futures. Regularly putting money aside is a good place to start. But understanding how much money you must save and the risk you need to take with your hard-earned savings is more difficult. That s why our wealth management service is about more than helping you invest your money. It s about creating an on-going financial plan backed by the right investment portfolio. Our aim? To ensure you are not left on the sidelines while others around you fulfil their dreams. Many of us spend little time planning our futures. 5

7 Dedicate investment management At AGL Wealth Management Ltd, we are passionate about helping you achieve your financial goals. We will work closely with you to understand your short, medium and long-term ambitions, and your attitude to risk. We form lasting relationships with every client and will ensure you benefit from a regularly reviewed and tailored financial plan. We also believe in the importance of sound investment management decisions and placing a carefully constructed strategy at the heart of your plans. To ensure you benefit from on-going, professional management, we have carefully selected a number of independent investment managers to provide you with custody, investment and administration services. Our wealth management service provides outsourced sophisticated investment management that can be tailored across a full range of risk grades, reflected your attitude to risk and goals. The AGL service allows you to hold your savings and investments in various tax-efficient structures, with a single overarching strategy across all your portfolios. Not only will you gain an excellent investment proposition at the centre of your financial plan; you will also benefit from: Administration Quarterly portfolio valuations Annual reports on acquisitions and deposits Reduced paperwork, if requested Transparent fees and charges. Investment Dedicated discretionary or advisory management to support your personal strategy Portfolios tailored to your attitude to risk Continual oversight of performance and regular analysis of returns Access to a full range of tax advantaged wrappers. Our Wealth Management Service provides outsourced sophisticated investment management that can be tailored across a full range of risk grades. Custody Safeguarding you investments efficiently in a single location Simple accounting for all income from your investments Consolidated Tax Vouchers every year. 6

8 The power of a dedicated investment service Your dedicated investment service involves managing your portfolio daily in line with the investment objectives and strategy you agreed with us. As your Financial Advisor, we will work with you to determine the appropriate level of risk for your investments. This will account for your financial circumstances, objectives, attitude to risk and requirements for income. Next, we will instruct independent investment managers to manage your portfolio under a Discretionary Management Agreement or within our firm s advisory capacity in line with our recommendations. Your dedicated investment service creates a single strategy across your investment portfolio. You can view all your investments in one place, including such holdings as Individual Savings Accounts (ISAs), personal pensions and more. This will significantly reduce the amount of paperwork you receive, replacing everything with a single periodic valuation. If relevant, at the end of each tax year, you will receive a consolidated tax voucher and capital gains tax report, making it easier to complete your tax returns. You can also view your portfolios, including transactions, at any time on a secure website. Your dedicated investment service creates a single strategy across your investment portfolio. How is your money invested? Depending on your risk profile your investment portfolio may comprise a range of investments, such as Government or Corporate Bonds (fixed interest securities); UK and Overseas Equities; Property; or holdings in the Emerging Markets. Whatever the portfolio s investment strategy, every investment solutions is thoroughly researched and selected based on its potential to deliver consistent risk-adjusted returns. 7

9 Robust monitoring It is vital you have complete confidence in the managers appointment to run your investment solutions. That s why AGL s Investment Oversight Committee (IOC) supervises every portfolio. The IOC scrutinises all discretionary and advisory solutions available through our independent investment managers. The IOC: validates new portfolio structures appoints new investment managers reviews risk profiles and asset allocation structures reviews performance and fund compliance. The IOC is not involved in selected investments or allocated assets for discretionary management solutions. This is the responsibility of the individual investment managers investment team. Its role is to confirm an investment philosophy is robust, properly executed and right for clients. Securing your investments AGL Wealth Management Ltd completes annual due diligence of its investment management service and gains a full understanding of how each investment management company holds your money. Segregation of client money and assets The investment managers will keep your money and assets separate from its own assets and cash. Under UK regulation, all client money is held on statutory trust in segregated client bank accounts. The investment managers only use banks that they performed appropriate due diligence on. These banks have acknowledged that they cannot use client money to offset other liabilities or claims due to the bank. Client investments are registered to the name of a separate nominee company to distinguish ownership from the assets of the individual investment manager. In the unlikely event of their administration or insolvency, your assets would not be available to a liquidator or administrator. 8

10 Next steps As a wealth management client of ours, you will not only understand your financial ambitions over the coming years. You will also receive a constantly reviewed and professional financial plan designed to help you achieve them. With AGL Wealth Management Ltd you will always: have clear financial goals presented on an investment timeline understand the risk you are willing and able to accept have a portfolio invested in line with your bespoke risk mandate that takes the minimum level of risk required to achieve your goals understand the adopted investment strategy know your portfolio is as tax-efficient as possible only pay fees that are clear and crucial to the success of your strategy understand how your investments are performing against your goals have access to portfolio valuations at the touch of a button. To find out more about becoming a wealth management client and securing the right investment portfolio, please contact us on: T (Glasgow Office) T (Edinburgh Office) E. info@aglwealth.com W. 9

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12 Glasgow Office AGL Wealth Management Ltd 69 Buchanan Street Glasgow G1 3HL T: F: E: W: Edinburgh Office AGL Wealth Management Ltd 23 Melville Street Edinburgh EH3 7PE T: F: E: AGL Wealth Management Ltd is registered in England & Wales no AGL Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority no