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Have you heard the term wealth management and not sure what it exactly means? Well we’re here to shed some light.

Wealth management can be a broad term and dependant on what perspective you look at. For a client, the practise is centred around solving and increasing their financial situation. They entrust a financial advisor to work out a plan which will change their current situation into a better one.

For the financial advisor, it is about understanding a client’s financial situation and utilising the necessary financial services to determine a workable plan to improve their client’s finances.

Wealth management is a process of consultative review. Once a financial advisor fully understands where a person is at financially they can form a strategic plan that meets the needs of the client and puts them first.

Why Is Wealth Management So Important?

It says it all in the name, wealth management. Without properly managing your finances you will be cast into a world of trouble. Financial mismanagement does not reflect well on the financial appearance of a business or individual.

Incorrect management of your money leads to financial burden and ultimately, debt. At some point we all need some help. How should we manage our properties? How about our investments? With wealth management the ultimate goal is to be secure and have piece of mind, allowing you to make the most of now.

Benefits Of Wealth Management

Maintains Your Current Lifestyle

One of the top priorities you should be aiming to maintain is your current lifestyle and ensuring your financial independence.

Ever hear the phrase live within your means? The phrase is about spending the money you can afford to spend based on what you earn each month.

Now many people can be disillusioned. You might think you can take that extra holiday or upgrade your car when in reality you can’t afford to but you do it anyway.

Defining exactly what you are able to spend and having a clear wealth management plan in place is essential to maintaining your current lifestyle.

Reduces Financial Stress

A wealth management advisor has the experience and the know-how to predict setbacks. The expertise provided in their field allow for crucial financial decisions to be made if the need for these decisions come about.

During the most challenging times for your finances a wealth management advisor is able to aid you in making the right decisions. Using a timeline, they can provide you with a list of financial priorities you must make. By considering your finances as a whole they help set your financial goals and see they are carried through.

Sets A Financial Plan

How better to prepare for your future than to set a financial plan in place? With wealth management, the practise sets clear and concise financial goals in motion that are manageable and realistic.

A wealth management provider helps you realise what you want from your future and how your financial means can get you there. Whether it’s a one-year plan, five-year plan or ten-year plan, the key to wealth management is planning in advance in order to achieve your goals.

A Full List Of Our Services

At Mason Wealth Management we have been working with professionals in the pharmaceutical, medical, IT, business and financial sectors for over 20 years.

We pride ourselves on putting you first as our core approach. We have full faith in our process which has delivered successful outcomes for our clients time and time again.

We believe it is only through respect, a can-do attitude and being enthusiastic in our work that we can achieve life-long relationships with our clients.

Mason Wealth Management operate an open communication policy and our ongoing full-service financial planning includes:

  • Pension and Retirement Planning
  • Savings and Investment Advice
  • Estate Planning and Inheritance
  • Life Insurance
  • Income Protection
  • Critical Illness Cover
  • Succession Planning for Business

One Final Note

We are currently giving away a book titled “Enough? How Much Money Do You Need For The Rest Of Your Life?” by Paul D. Armson.

The author, a financial advisor since 1982, brings you on a path to discovering exactly how much money you need to support a healthy and balanced lifestyle and the importance of making the most out of the time you have right now before it’s too late. We work closely with the author and are part of a Financial Planning group in the UK that share similar views.

We give a copy of this book to all our new clients and the feedback has been extremely positive. It is a 2 hours read and we promise you there are no numbers in it.

For your free copy you can fill out our contact form or email [email protected]. Terms and conditions apply.