If you’ve recently found yourself coming into possession of a substantial financial payment, whether at home or abroad, you may be unsure of the best way to manage these funds to get the most out of your savings.
Fortunately, here at Blacktower, we specialise in both professional and expat wealth management, to provide our customers with trusted financial solutions around the world.
To start growing your money and make it work for you today, here’s what you need to know about our wealth management services.
What is wealth management?
In simple terms, wealth management is an advisory service offered by individuals and companies that combines the use of multiple financial services to help their clients grow their wealth.
These wealth management advisors are often experts in their respective fields and can provide their clients with an in-depth explanation of how they can boost their finances, helping them build the savings they need to retire comfortably or fund personal projects.
Through consultation and direct communication with a client, an advisor will help a client to understand what they want to do with their money and then tailor a private strategy to their specific needs.
But wealth management services don’t just cover investment and savings advice. They can cover a client’s entire financial world to help coordinate financial assets, finding ways to get all assets working together for maximum growth.
What is private wealth management?
Although wealth management can be used to serve clients on a company-wide level, private solutions are focused on specifically helping a particular individual or family with their personal financial needs.
Here at Blacktower, we specialise in private wealth management for people and expats abroad. Contact our team today to see how we can help build your finances.
Typical wealth management services
As every client’s needs are different, information on how to handle your growing wealth often covers a variety of financial areas. This allows a wealth management advisor to specifically tailor their advice to meet each client’s needs.
Generally speaking, the following areas will be covered by wealth management services:
- Active and passive investment management
- Estate planning
- Accounting services
- Pension and retirement planning
- Tax assistance based on your tax status and residency
But here at Blacktower, we also offer our private wealth management clients the following:
- Access to top-rated private banks
- Discretionary fund management solutions
- Non-discretionary fund advisor services (advice on risk and asset allocation)
- Multi-asset approaches
- Trade desk solutions
- A choice of portfolio modes, with balanced, growth-oriented, and aggressive models
Through the use of these services, our advisors will determine which options best fit your financial needs and formulate a suitable wealth plan to meet your desired financial goals.
What are the benefits of wealth management advice?
While the wealth management services offered by our professional team can help guide your finances in the right direction, there are many other benefits provided by professional advice.
First and foremost, professional wealth management takes the stress associated with trying to organise extensive finances by yourself and replaces it with the confidence offered by an expert. This leaves you with more time to pursue your goals and ambitions, safe in the knowledge that your finances are in competent hands.
On top of this assistance, having a wealth management advisor to hand will mean you have expert advice ready and waiting for when those big life events take place, mitigating the potential financial problems these events might present.
Wealth management will also give you access to multiple different services, each of which offers a different avenue for wealth growth. This in turn will allow you to properly set your financial goals to determine what course your financial journey will take in the future.
Expat wealth management solutions
As you might expect, a key aspect of wealth management often relates to handling finances when living and working abroad. Naturally, our expat services cover all the same areas as wealth management at home, though with a specific focus on handling wealth tax planning and pension plans.
We have many years of experience dealing with International pension transfers across the Blacktower team, as this a bespoke acquisition and growth of capital assets. But we also provide wealth management and mortgage solutions for those looking to take their first steps living abroad.
And as part of our expat wealth management services, we’ll help guide you through preparing your pension for use abroad, help you understand the impact of capital gains tax, and guide you towards the right overseas path for your personal situation.
The benefits of having a wealth management plan cannot be overstated, and when you choose Blacktower, we will see you have your own dedicated advisor on-hand to help you plan your financials and ensure you’re investing wisely.
We’ll consult with you every step along the way and draw up a bespoke financial strategy that’s tailored to your needs and requirements. After all, you’re unique, and so are your finances.
For more information on how wealth management can help you, get in touch with the Blacktower team today. And if you’re looking for more details on how to move abroad, then don’t forget to visit our locations and free guide pages.
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This communication is for informational purposes only based on our understanding of current legislation and practices which is subject to change and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice form a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions