Managing Wealth

Managing wealth focuses on both the present and the future, building plans that not only support and optimise your lifestyle right now but also prepare you for the future.

Wealth management is a diverse practice that varies greatly with your goals, preferences and available assets - Springfield Financial will listen to your plans, objectives and sentiments surrounding investments and risk appetites to build a bespoke financial plan that suits you and your unique circumstances.

What is Wealth Management?

Wealth management has a broad remit that involves a mixture of professional financial planning and financial advice. Springfield Financial provides professional wealth management consulting services to assist high-net-worth individuals or those with significant and complex assets.

Wealth management goals might include growing wealth with the use of investment, saving wealth for later life and retirement, or preparing wealth for inheritance.

Tax planning is also intrinsic to wealth management - we will assist you in making strategic tax-efficient choices to manage your wealth for the present and future. We possess in-depth knowledge and experience of all wealth management strategies and can build wealth management plans to suit individual circumstances.

Springfield Financial are proud of our Chartered Financial Planner status, as awarded by the Chartered Insurance Institute (CII) and always strive to go above and beyond what is required for our clients.

Take Control of Your Finances

Managing personal wealth with the assistance of professional financial planners provides a wealth uplift in later life. Research by the International Longevity Centre found that financial advice provides a £47,000 wealth uplift in ‘affluent’ groups.

Wealth management does not just benefit the individual, but also their family and the beneficiaries of their wealth after they pass away. Having a coherent strategy in place provides peace of mind of how one’s wealth can be properly distributed throughout life, ensuring that the right sums are present at the right times.

Proper wealth management also helps finance important life milestones and investments, whether that’s moving or migrating, acquiring a business or other significant asset, or investing in stocks, shares, funds, property or other investment types or high-value items.

  • Discover ways to grow existing wealth using investment strategies
  • Explore ways to save money efficiently, and grow existing capital and assets
  • Preserve wealth for later life, including retirement and inheritance
  • Plan for major life milestones, like having a family, buying a home, selling a business, etc
  • Pass your wealth on, taking into account Inheritance Tax and trust and estate planning

How to Deal With Sudden Wealth

Managing your wealth can be an arduous and risky task without the correct professional guidance, particularly when managing sudden wealth associated with inheritance, the sale of a business, a successful investment, the proceeds of sale from an estate or even a lottery win.

Whilst the concept of sudden wealth is likely an appealing one to most people, it’s notoriously difficult to manage large incoming sums and the various tax regulations that precede high short-term income.

Springfield Financial will assist you in managing your sudden wealth to ensure that you are complying with tax law efficiently whilst advising on potential strategies to maximise or preserve that wealth for the long term.

Investment Planning
Wealth management can also involve investment planning, particularly if you are looking to grow your wealth for the present, the future, and for your family or other beneficiaries of your will.

Springfield has experienced investment planners with a broad, deep knowledge of all standard and non-standard investment types. We can assist you in building a portfolio that makes your wealth work to achieve your financial goals and objectives.

Springfield’s financial planners and advisers are experienced in many investment types, including:
  • ISAs
  • Unit Trusts
  • Open Ended Investment Companies (OEICs)
  • Insured Funds
  • Pension Funds
  • Self Invested Personal Pensions
  • Onshore and Offshore Investment Bonds
  • Venture Capital Trusts (VCTs)
  • AIM Portfolios
  • Business Relief Trading Companies
How Much Money Do You Need For Retirement?
Working out how to manage your wealth involves a series of consultations where we will endeavour to learn about your personal situation and future vision and goals as well as your assets and approach to investment.

Broadly speaking, we will look at the following areas:
  • Assets
  • Businesses
  • Liabilities and debt
  • Monthly cash expenditures
  • Income tax situation
  • Existing investments
  • Insurance contracts
  • Retirement assets
  • Wills and trusts

Springfield Financial has a long-established customer client-first approach and we understand the paramount importance of privacy and confidentiality when discussing your finances. We will only assess as much as you wish to assess - each wealth management plan is tailored to the individual and their preferences and circumstances.

We are people-people as well as finance people and always strive to make the wealth management process positive and constructive.