Process

1.

Discover
Your adviser will introduce themselves and Concept Wealth as an organisation, but the meeting will predominately be about you.

We will start with an informal discussion centred around your needs and objectives. We will then establish how we may be able to assist you, your family or business.

We will discuss your circumstances, ascertain your goals both future and present, take a detailed written account to ensure we have sufficient information to provide advice that is aligned to your circumstances and finally broadly outline the steps that you could take to reach these..

Any initial meeting will be at our expense with no obligation to proceed with our services. Following this meeting, we will have a good understanding as to whether we can assist you, and more importantly, you will be able to consider if you feel confident and happy to engage our services.

2.

Plan
Following our initial meeting, should you wish to engage our assistance in helping you plan your financial future; we will write out to you with a proposal. This will confirm all the matters discussed, your goals and objectives, explain our services, any related fees and outline the next steps.

Providing this is satisfactory, our team will then collate all the relevant information and work towards creating your personal report which will recommend the most appropriate solutions to help you achieve your financial goals.

3.

Advise
Upon confirmation that you are happy to proceed, we will create the wealth plan for you and arrange a further meeting to discuss this in detail.

Firstly, at this meeting, we will reconfirm that your personal circumstances remain unchanged. If so, we will present and explain our proposals and recommendations and will be happy to answer any questions you may have.

Following this presentation, if you are happy that our recommendations meet your requirements and will help to achieve your financial goals, we will complete the necessary steps and paperwork to implement our advice.

4.

Review
Goals and objectives change over time and as such any existing plans and policies may also need to change. Having regular reviews will help ensure that your plan stays on track long term.

At Concept Wealth we strongly believe that building long term relationships with our clients is fundamental to ensuring your plan stays on track and offer an ongoing advice service when you become a client.

The benefits of this review process are:

  • You will have access to a highly qualified financial planner, and their dedicated support team.

  • We will put in place a review plan to ensure you remain on track to achieve your financial goals

  • You will receive regular updates on the performance of your investments.

  • We will review your portfolio on a regular basis to ensure it is up to date with our views to maximise returns in a manner consistent with your risk profile.

  • We will ensure where possible all your affairs are managed in the most tax efficient way possible.

Risk and Return
It is a well-known phrase, but still very relevant. With any decision there are potential risks and rewards. Our objective is to create a wealth plan and strategy which allows you to reach your goals, whilst remaining consistent with your risk profile. Everyone is on a personal journey, so we will always tailor our solutions to your personal needs.

Focused on you
Everyone is individual and what is right for one is not always right for another. We will begin with reviewing your objectives, discussing and agreeing the level of risk that you feel comfortable with. We ensure the risk of any investment solutions are appropriate and consistent with your views. This is not only in respect of risk but also religious or ethical considerations and any strongly held investment views you may have.

These principles will then be used to create a wealth plan, where everything is centred around you and your own set of preferences.

Communication is an integral part to keeping your plan on track, our approach looks to ensure that if anything unforeseen happens in your life we can be there to guide and support you as well as making any necessary adjustments to help meet your goals. In order to do this, we aim to catch up at least once each year or more, to ensure we are moving towards your goals.

Diversity, Diversity, Diversity!
This cannot be over emphasised! The greater diversity within a portfolio, the more chance it can weather any storm put in its path.

We pride ourselves in creating truly diversified portfolios, including various asset classes that work together to create a portfolio that will match your goals. We are always looking for outstanding investment opportunities in all asset classes that will help diversify a portfolio and create the potential for long term returns for our clients.

Time in the markets, not timing the markets
It is a human trait to get emotionally affected when investments rise and at times fall. When emotions take over, particularly at times of market stress, this can lead to poor decision making.

We use trusted data, research and our specific plan to ensure that regardless of the type of risk, such as external market conditions, economic or political events, we can guide you to make more informed decisions embracing any challenging times and using them to your advantage.

Investments are cyclical, so as we progress on this journey together, you will be able to understand why keeping invested, even in times of increased volatility is usually the best solution.

An eye on costs
When creating your financial plan and building investment portfolios there are a few costs that clients need to be aware of, these include adviser, investment and platform fees.

Underlying costs are fundamentally important to our process, and we strive towards striking the right balance between the cost of any investment versus the potential returns, in order that we can maximise the potential returns for our clients.

Where we can look to get similar returns at a lower cost, we will do this for you. An example would be choosing the lowest cost share class available when choosing collective funds. Any savings that can be made now, will help towards your future wealth.

Our Fees

We offer a bespoke financial planning service as every client has their own individual circumstances, requirements, and objectives. For this reason, whilst we have a tariff of charges, we will explain all the costs personally once we understand your requirements.

We fundamentally believe that it is essential that you fully understand what it is you are paying for, including the work involved and the value we can add to your financial planning needs before you decide whether to implement any recommendations we will make.

Concept Wealth is fully independent which means we receive no renumeration from product providers in respect of investment, savings, or pension recommendations. Instead our clients pay our fees, although this may be facilitated by the products they hold. This should give you the peace of mind that we are not tied or financially incentivised to recommend any provider or solution, meaning we will always research and recommend the best possible solution for your individual circumstances.