Many of us like the idea of investing, especially if it gives us a chance to enhance our future wealth. But knowing where to start is harder, especially since there are thousands of products on the market. We will help guide you, and explain the different options available – ISAs, unit trusts, open-ended investment companies, guaranteed funds, bonds and so on.
The team at Oakwood will first establish your current financial position, alongside your financial needs and objectives in the short, medium and long term. It is important to know whether you are looking for income, capital growth or a combination of both, and also how long you are looking to invest for.
At the centre of this process is establishing your attitude to risk and capacity for loss. Many people consider themselves to be adventurous investors, but might never have looked at “what if” scenarios – the impact on your finances if things go wrong or your circumstances change.
We will then look at asset allocation and the benefits of diversification – different assets like stocks and shares, cash, fixed income products (government gilts) and property behave in different ways at different times, and can protect you from market fluctuations whilst still meeting your risk profile.
Backed by market, product and provider research, we will then recommend suitable products that meet your financial and lifestyle needs and objectives over different time periods.
Paying too much tax can have a significant impact on your finances. Effective tax-planning is an important tool in allowing you to reach your financial objectives. The tax regime in the UK is complicated and affects all your financial decisions from savings and investments to planning for retirement.
Once we understand your circumstances and objectives, we will support you in building a strategy that minimises your income tax bill and save on capital gains.
