At the start of the advice process is our ‘getting-to-know-you’ stage. We’ll need to ask you about your personal and financial circumstances, but we also need to know more about you and what makes you tick.
What are your financial and personal goals? Are you a risk-taker or do you have a more cautious approach? What level of growth are you anticipating? Are you investing for growth or investing for an income in retirement?
Assessing your attitude to risk is an important indicator of the type of investments that will suit you. We’ll ask you a series of questions and calculate your tolerance on a one-to-ten scale – one being the most risk-averse, and ten being the most tolerant.
Then, armed with information on your attitude to risk, and having discussed with you in detail what your score means, we’ll start looking into what opportunities are most suitable for you.
What are investments for income?
Investments for income are best suited to people who want an income from the interest paid out on their investments, often when they have retired. Interest payments, dividends or any other profit made can all form part of a retirement income.
What is investment for growth?
Investment for growth suits people who want excellent growth potential from their investments. It is often geared towards more risk-tolerant people, as growth investing is regarded as more ‘offensive’ while investment centered on income generation, tax reduction or capital preservation are generally more ‘defensive’.
What is ethical investing?
Ethical investing is an approach that aims to incorporate environmental, social and governance (ESG) factors into investment decisions, to better manage risk and generate sustainable, long-term returns. We introduced our ethical model portfolio service to meet increasing demand from our client base to have the option to choose sustainable and ethical investments.
If you would like some expert, bespoke advice on investment management, the team here at Hartsfield can help. Please get in touch.
THE TAXATION OF INVESTMENTS GUIDE
To DOWNLOAD this FREE guide which sets out the basics of the taxation of investments, please click the button below:
INVESTMENT PLANNING AND ASSET ALLOCATION GUIDE
To DOWNLOAD this FREE guide which sets out the basics of investment planning and asset allocation, please click the button below:
MAKING THE MOST OF ISAs
To DOWNLOAD this FREE guide which sets out the basics of making the most of ISAs, please click the button below: