It takes time and commitment to build up wealth in most cases, sometimes people inherit wealth and need coaching on how to preserve or grow the wealth they inherit. When clients build up wealth through property, investments and other assets it can be important to them that their wealth passes to the right people when they die. This requires careful planning in advance and will take into account tax mitigation on death taxes and make sure the estate is in the right hands at the right time, taking into account a beneficiary’s age and capacity to receive such an inheritance. Some people like to know that in the event of a child’s future divorce that their money would continue down the bloodline and not benefit an estranged partner who remarries. These things can all be taken into account when planning for wealth preservation.

All advisers should provide you with an initial consultation to gather your information and what it is you want to achieve, this will then be followed by some contact in between to gather any additional information. After this stage, once the adviser has formulated a plan in line with your risk and reward profile, you can expect to have a presentation meeting where the plan should be carefully explained to you. At the presentation meeting you should agree or adapt any strategy as required and should agree what fees should apply and how often you are going to review the plan should this be required. I would like to point out that no matter how successful or intelligent you are, you should have questions and should not be embarrassed or confused as to what you are entering into , it is the adviser’s job to explain in a clear and concise way in a format you understand!