A guide to investment strategies

A guide to investment strategies
A guide to investment strategies 1

Written by Sebastian Elwell

October 11, 2021

A guide to investment strategies
Any good independent IFA will tell you that there’s never a ‘one size fits all’ investment strategy. The way you plan your savings and investments depends on several factors, and it’s only after finding out about your current situation and understanding what you want from your financial future, that an advisor can put a relevant plan together for you.

Considering your needs

The first thing to do is think about your financial requirements. This includes not only your current levels of income and spending, but the money you will need in the future. And this future planning is both about having the cashflow to maintain the lifestyle you want, and preparing for other costs, such as care. In fact, one of the first questions you might be asked is whether there are other ways of meeting your requirements, apart from standard market investments.

There is also likely to be a conversation about emergency funds – do you have any? How can you build them up? Perhaps you have too much cash in the bank and that money could be working harder for you elsewhere. The job of a financial planner is to look solely at your status and needs and give you relevant advice that reflects your short, medium and long-term requirements.

Your investment philosophy

Part of putting your personal investment strategy together is to find out what you are interested in and comfortable with. This includes finding out what level of risk you are most comfortable with. All investment presents a risk – you might want your pension to be a lower-risk investment but an ISA to be higher risk, for example. By understanding how you feel, your financial adviser can look at funds that are most suitable for you. This also applies to types of funds – for example, at Switchfoot Wealth, we recommend sustainable funds as the default option, because they make long-term financial sense, but you may choose to invest in funds that support other industries.

Spreading the load

It’s generally good practice to make sure that investments are diversified enough to protect the investor and their money. Of course, this depends on the overall wealth of each client and their respective needs, but the aim is to protect the money, and to put it in places where it will grow – depending on the markets, of course.

If you are looking for reputable independent financial advice, or would like to review your current investment strategies, Switchfoot Wealth can help. Contact us today to make an appointment.

For Professional Fiduciaries. Not aimed at retail clients.

Switchfoot Wealth Limited Independent Financial Adviser

I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial planning into the 21st century, helping people, businesses and professional advisers make the most of their time and their money.

– Sebastian Ewell

Switchfoot Wealth Founder

Read more about Switchfoot Wealth

Related Articles

Why did Switchfoot Wealth choose to work with Sense Network?

"I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial...

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

Helping solicitors and deputies manage complex financial arrangements

Helping solicitors and deputies manage complex financial arrangements

Helping solicitors and deputies manage complex financial arrangements
Helping solicitors and deputies manage complex financial arrangements 2

Written by Sebastian Elwell

September 2, 2021

Helping solicitors and deputies manage complex financial arrangements

If you have been appointed as an attorney or a deputy, you have a duty of care to manage your client’s financial arrangements to the benefit of either the client themselves or the beneficiaries of any trust, depending on circumstances.

When your client’s financial arrangements are complicated, managing them can take a significant amount of time. You need to be aware of the full range of current investments, including any savings, trusts, share ownership, property, business assets and pension schemes. You will also need to be able to review those investments and assets to make sure that they are benefitting your client and are able to fund long-term plans such as full-time nursing care.

You will also need to make sure that any other attorneys involved with your client’s case – who are often family or friends – are behaving appropriately, and have the tools in place to spot any attempts to defraud your client. That means having a good overview of all accounts – particularly cash accounts such as current accounts or savings accounts – so that you are aware of any unusual spending or transactions.

How could we help?

All this mounts up to a significant responsibility for practising solicitors, accountants or other professional advisers. So how can a financial adviser help you?

Independent assessment of current plans and investments – a qualified and regulated independent financial adviser can review current arrangements, including the fees paid, to see whether your client is getting the best value for money. In fact, you can start this process straight away by using our free calculator.

Help you ask the right questions – understanding how different investment vehicles work allows you to ask key questions of your current investment advisers so that you can be sure your client’s money is being properly invested and is producing the best returns.

Review financial plans – your client’s current financial investments may not be suitable for their current situation or their future plans. It’s particularly important to consider your client’s cash flow, and whether it is appropriate for their needs. By reviewing financial plans, you could make your client’s portfolio less complex, or be able to make a clearer plan for the future.

Access the full market –existing finances and investments should be reviewed by comparison to all reasonable options. By working with an independent financial adviser, you can access the full investment market on your client’s behalf, which may give you access to better products and opportunities.

If you are currently managing complex financial arrangements for clients, feel free to call us to see how we could help you review what’s in place. Our free calculator and meeting guide gives you advice on the sort of questions you can ask of existing investment advisers, and you can also choose to ask us to run a specific appraisal report for your client’s current finances.

For Professional Fiduciaries. Not aimed at retail clients.

Switchfoot Wealth Limited Independent Financial Adviser

I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial planning into the 21st century, helping people, businesses and professional advisers make the most of their time and their money.

– Sebastian Ewell

Switchfoot Wealth Founder

Read more about Switchfoot Wealth

Related Articles

Why did Switchfoot Wealth choose to work with Sense Network?

"I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial...

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

Why did Switchfoot Wealth choose to work with Sense Network?

Why did Switchfoot Wealth choose to work with Sense Network?
Why did Switchfoot Wealth choose to work with Sense Network? 3

Written by Sebastian Elwell

May 21, 2021

Switchfoot Wealth Limited Independent Financial Adviser

I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial planning into the 21st century, helping people, businesses and professional advisers make the most of their time and their money.

– Sebastian Ewell

Switchfoot Wealth Founder

Read more about Switchfoot Wealth

Related Articles

Why did Switchfoot Wealth choose to work with Sense Network?

"I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial...

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

Financial Planning for Trusts – Should beneficiaries be insured?

Financial Planning for Trusts – Should beneficiaries be insured?

Financial Planning for Trusts – Should beneficiaries be insured?
Financial Planning for Trusts - Should beneficiaries be insured? 4

Written by Sebastian Elwell

April 29, 2021

crash helmet

Financial Planning for Trusts – Should beneficiaries be insured?

Investing for growth on behalf of trust beneficiaries is a considerable responsibility. Each individual trust has its own purpose, and trustees should be planning and investing to meet that purpose. In order to do that, they must have a clear idea not just of the potential ‘end-point’ of the trust, but also of the various scenarios that could occur during the life of the trust.

That’s why our free investment calculator is so invaluable. By filling in a simple form, you can access some guidance on the types of questions you should be asking when you meet your investment managers, helping you to learn more about the key points and situations that might influence your investment decisions. It includes benchmark fees and costs for a range of potential investment strategies, and it’s the ideal reference guide to help you ask the right questions.

Our tool is particularly useful for prompting you to asking those all-important ‘what if’ questions – something that many investment managers don’t cover.

How do scenarios help trustee planning?

For example, we had clients who were orphaned before the age of 21. Their parents’ estates were left in a discretionary will trust for them.  The trustees were investing “for growth”, so we used cash flow modelling to imagine scenarios where the trustees might need to pay out significant trust funds earlier than intended. 

In this example, if either of the beneficiaries were unable to work through illness or accident, then the trustees would have a moral obligation to support them. This would, in turn, have a significant negative impact on the trust funds, which are intended to provide financial security throughout our clients’ lives and, when the time was right, to help them onto the property ladder.

A simple solution

Because the beneficiaries were young fit and healthy, despite a family history of morbidity and indeed early mortality in close relatives in middle age, the cost of putting in place long-term income protection insurance was only around £20 per month per client. For a trust with assets in excess of £500,000 this represented a negligible drag on investment returns, and removed a risk to the trust, protecting the beneficiaries for their working lives as intended.

We made a personal recommendation to the beneficiaries for a simple long-term income protection plan, which had guaranteed insurability options so that cover could be increased in future years as their earnings grew over time. The trustees paid a small income to the beneficiaries to cover the cost of the insurance. 

A ’whole’ solution

If you’re involved in making investment decisions of any type – as a trustee, an attorney or professional deputy, it’s very important to take the widest possible view in order to feel confident you are making informed decisions. What trustees need is reliable, independent financial planning that looks at the bigger picture, challenges assumptions and looks for alternative ways to achieve the end goals that are as efficient and as effective as possible.

You can find out more about our investment calculator, free meeting guide and how we work on our website.

Please note: This blog is for general information only and does not constitute advice. The information is aimed at professional fiduciaries and not retail clients only.

The Financial Conduct Authority does not regulate trust advice. Your capital is at risk. The value of your investment (and any income from them) can go down as well as up and you may not get back the full amount you invested. Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

Switchfoot Wealth Limited Independent Financial Adviser

I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial planning into the 21st century, helping people, businesses and professional advisers make the most of their time and their money.

– Sebastian Ewell

Switchfoot Wealth Founder

Read more about Switchfoot Wealth

Related Articles

Why did Switchfoot Wealth choose to work with Sense Network?

"I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial...

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

Guest Blog – The role of an Eldercare Consltant

Guest Blog – The role of an Eldercare Consltant

Guest Blog – The role of an Eldercare Consltant
Guest Blog - The role of an Eldercare Consltant 5

Written by Sebastian Elwell

January 17, 2021

Beyond purely financial planning matters, the practicalities of arranging care for a loved one can be overwhelming.  Are there services out there that can help with navigating the complex maze of care needs?  I caught up with SOLLA affiliate Claire Edwards, founder of  Claire Edwards Eldercare Consultant to discuss her service.  Claire kindly agreed to provide the following guest blog.

The Value of Independent Care Advice

Switchfoot Wealth Limited Independent Financial Adviser

I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial planning into the 21st century, helping people, businesses and professional advisers make the most of their time and their money.

– Sebastian Ewell

Switchfoot Wealth Founder

Read more about Switchfoot Wealth

Related Articles

Why did Switchfoot Wealth choose to work with Sense Network?

"I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial...

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

Why choose a financial adviser who is a STEP member?

Why choose a financial adviser who is a STEP member?

Why choose a financial adviser who is a STEP member?
Why choose a financial adviser who is a STEP member? 6

Written by Sebastian Elwell

November 1, 2020

STEP Advising families across generations

 

Why choose a financial adviser who is a STEP member?

It can be tricky to choose a financial adviser – particularly if you are working through complex financial arrangements, hold a power of attorney, or are making more complicated plans around inheritance and succession planning. It’s obviously important to ensure that the adviser you choose to work with is suitably qualified for the type of financial planning you need, which is why memberships of bodies like STEP and SOLLA are important.

What is STEP?

STEP is the global professional association for practitioners who specialise in family inheritance and succession planning. Members are financial advisers, lawyers, accountants and other professionals who help individuals make the best plans for their future, and the criteria for membership is exacting, so you know that it is worth using someone who has taken the time to become a member. For individuals and families in Farnham for example, Sebastian Elwell from Switchfoot Wealth is the only financial adviser in the area who has STEP membership and a STEP Diploma in Advising Vulnerable Clients*.

Why should I look for a STEP member?

STEP members are experts in helping families plan for the future, often advising two or three generations at the same time, to ensure that everyone has the advice they need for a secure future for themselves, their children and their grandchildren.

In particular, STEP members can advise on inheritance planning, trusts and legacies, long-term care planning and charitable giving. Your advisers can work together – so your financial planning may impact on the conditions of your Will, for example. Or you may want to look at succession or exit planning for your business, and your financial adviser can work alongside your accountant, solicitor and tax specialist to ensure that all requirements are met.

Aligning our values

The STEP values are very clear:

  • Promote professional educational attainment.
  • Act transparently.
  • Uphold professional standards.
  • Serve our members, whatever their professional background, wherever based.
  • Recognise our responsibility to the public interest.

They align well with our own values, which are:

  • Being ethical
  • Being qualified
  • Being independent
  • Being technology smart
  • Being collaborative

As a STEP member, Sebastian must work to the organisation’s values and commit to upholding its high standards of competence and advice. Being a member of STEP means that the clients we give financial advice to in Farnham and the local area can be confident about the standard of advice and planning they receive, and that they are choosing a financial adviser who can work closely and comfortably with your other professional advisers.

You can find out more about STEP and what it means to be a member, or simply contact us today for an initial chat about the plans you need to make and how we can help.

 

*Source STEP Member directory October 2020

https://content.step.org/search/members/?f%5B0%5D=specialism%3AInvestment&f%5B1%5D=city%3AFarnham

Switchfoot Wealth Limited Independent Financial Adviser

I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial planning into the 21st century, helping people, businesses and professional advisers make the most of their time and their money.

– Sebastian Ewell

Switchfoot Wealth Founder

Read more about Switchfoot Wealth

Related Articles

Why did Switchfoot Wealth choose to work with Sense Network?

"I started Switchfoot Wealth to offer financial planning that matches the way we live and work today. Using the best technology and offering expertise gained through both formal qualifications and years of working closely with clients, we are bringing financial...

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.