Wealth Management Explained

6 September 2023

In a complex financial landscape that’s constantly changing – and can even feel scary at times – what should you do with your hard-earned money, capital, and assets?

At Fortus, we’ve a vast amount of wealth management experience to help you plan for the future.  We’re here to make your financial life easy, so you can make your real life count.

WHAT IS WEALTH MANAGEMENT?

Wealth management is the combination of financial planning advice with investment strategies to grow your wealth for the years ahead. Sounds complicated? Let’s break it down to the various ways we can assist you.

INVESTMENTS

We’re all about keeping investment costs low and diversification high at Fortus. We believe it’s prudent to be wise about how and where you invest, whether it’s:

  • ISAs
  • Unit trusts
  • Pension wrappers
  • Investment bonds
  • Investing offshore.

Through independent research, we can help you match your resources to your objectives. And we won’t stop there. We’ll advise on appropriate adjustments, always considering price, risk, diversification and most importantly, the changes that will inevitably happen in your life.

INHERITANCE TAX (IHT)

IHT is the charge applied on an estate left behind when someone passes away, and usually includes property and money.

There’s lots of rules and regulations around IHT that could cause potential headaches. Fortunately, our team can save you and your estate money through trust-based, business relief investments and the use of life insurance.

Through such IHT-mitigation strategies, we’ve ensured more of your finances reach your family and loved ones, rather than HMRC.

As the saying goes, “choose life”, and let us make sure your family inherit as much of your wealth as possible. With careful planning, IHT can be avoided for most people.

LIFE AND HEALTH INSURANCE

Nobody knows for sure what the future might hold. But we do know we’re very good at giving you peace of mind by helping you support your family if the worst happens. We work with you to create a careful protection plan that will give those you love security when you pass.

And we think about your present as well as the future, by advising on insurance plans that won’t leave you out of pocket while you’re still here to enjoy life. We may even be able to make your life insurance premiums tax deductible – just ask us how.

RETIREMENT

Everyone’s circumstances are different, but we should all consider a plan for when we retire. And there’s lots to think about – pension plans, tax implications, annual allowances and more. Should you consolidate existing pensions? And what about paying for later life care?

We often start by helping you identify how much income you will need to retire and then how we can get you there.

WILLS AND GIFTS

A legally binding will is the tax-efficient way to pass on your estate. If you don’t make one, you could end up leaving money to people you hadn’t intended to, and those you leave behind could be hit by unwanted tax bill. We’ve the know-how to advise you on how best to use the IHT rules to your best advantage.

GET IN TOUCH

We specialise in using financial products from the whole of the market to provide the best independent, impartial and fair advice you can get for wealth management. If you’d like to know more, talk to us at 0333 060 0864.

GET IN TOUCH

 

For Pensions, Investments, Mortgages, Protection and Insurance, Fortus Wealth Management (North) Ltd (FRN 985590)  (company no.14218497 registered address, Equinox House, Clifton Park, Shipton Road, York, YO30 5PA) is an appointed representative of Julian Harris Financial Consultants (FRN 153566), which is authorised and regulated by the Financial Conduct Authority. The performance of your investments is subject to risk(s). Its performance may fluctuate based on movements in the market and economic condition(s). Capital at risk. Currency movements may also affect the value of investments. You may get back less than you originally invested. Past performance is not a reliable indicator of the future performance. Tax treatment is based on individual’s unique circumstances.

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