Something I read a lot about on personal finance blogs is investing and the bloggers investment levels. Now I am not going to lie – I have no clue where to start with investing. I wouldn’t know where to start! I’ve heard about wealth managers – they help you with investing and you can find one tailored to you (I’ve been looking on the UK Wealth Manager directory to find which manager would be most suitable for me) and can be a very useful resource if you have little time or little clue what you are doing.
We’ve been considering investing for quite some time but never really knew who to invest with, where to invest and when would be the right time to invest. I’ve been researching investments for a while now and I will admit that it makes no sense to me at all which is why I would probably need a wealth manager – someone I could rely on to take the hassle and stress out of the situation for me. I tick most of the boxes for why someone would use one – I have little time to spend on them and I don’t know what I am doing plus I want to actively start thinking towards my retirement which is when investing can come in really handy.
What is a wealth manager? A wealth manager is someone who helps individuals manage their finances more effectively, advising them on how to invest and structure their wealth properly. Depending on the type of firm, they may also provide other services geared towards increasing your financial well-being.
Like most research I complete, I used Google to gain information on investments and upon hearing about wealth managers, I also did a google search for find wealth manager UK. Apparently 87% of people do need a wealth manager to handle their investments and finances for them so I don’t feel too bad about that! I would rather feel secure in the knowledge that I have someone knowledgeable looking after my finances than try to do it myself and making a right mess of it.
The Find A Wealth Manager website really does take all the hassle out of it for you. Whether you want a global, local or boutique wealth manager, have a specific account size in mind or whether you want a specific service – they offer
When I have read about wealth managers in the past, I have seen a lot about fees and things like that. Not this site. It is independently owned and not tied to any wealth managers. It is a free service for investors and the managers themselves remunerate the site for the leads the site generates for them – no cost is passed to the investors at all. Investors only pay the wealth manager their fee, no money is paid for investors use of the website. Whilst the wealth managers are charged (in two parts – an annual fee for membership to the website and and introducer’s which is a portion of the fee that you as investors pay to the manager for the services they have provided. This is subject to different factors that ensure all managers pay the same fee.) Added to this that the wealth manager will never inflate their fee to incur the cost they pay to the site and this seems to be a very good deal for everyone – investors are only paying the wealth managers, the wealth managers pay a portion of their fee to the finding service and the website enables investors and the managers to find each other.
With so many different ways of investing and so many things to consider, a wealth manager is definitely something I am considering alongside this. With my lack of knowledge of the investments market and armed with the information available on the website, I would be able to find someone who not only suits my financial needs but my personal needs too – I would need someone to help me every step of the way and I can ensure I can find a manager to suit my needs on the site.
By the end of this year, I hope to have made some steps towards sorting out my finances and getting started with investing. When the time comes, I will certainly be using this website to help me find someone who is perfect for me. I am not getting any younger and I am really starting to feel the need to start thinking about my future, especially my retirement. Whilst I may still be under thirty right now, it is never too early to get a head start on things such as this and I want to be sure I am sorted in later life. Investing is just one of the steps I am going to be taking to ensure this and a wealth manager is definitely something that I will be bearing in mind.
The website seems to be a fantastic resource for all the people who are curious in investing, regardless of their budget and personal needs. With a great array of wealth managers to choose from, I will definitely be stopping by the site when I am fully ready to start my investment journey. I hope to document this on the blog so I hope you will join me for this journey as it proceeds.
Have you ever considered investing? Would you use a wealth manager?
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