When interest rates are low, investors sticking to the safety of bank and building society deposit accounts aren't making the most of their money. However, with the right savings and investment advice you can take advantage of any of the thousands of savings and investment products that aim to make your money grow and/or provide income.
If you'd like to make the most of your spare income or capital, independent financial advice on how to manage your money more profitably can prove invaluable.
The type of investment that suits your needs depends on a number of factors, such as the risk you are willing to take, the amount of income or growth you want, when you need your money back and the rate of tax you pay.
Whether you are considering investing in individual companies, a collective investment scheme such as a Unit Trust, Open Ended Investment Company (OEIC) or Investment Trust or making the most of tax efficient investments such as through an Individual Savings Account, it pays to get savings and investment advice from Ferguson Oliver.
Although the idea of investing to provide for your future financial security is gaining wider acceptance, for the would-be investor, finding the most appropriate investment can be a daunting prospect.
Consulting an Independent Financial Adviser (IFA) will be an obvious ﬁrst step for many, particularly those who are looking at the various types of collective investment vehicles available rather than planning to invest directly in shares.
Most of us now recognise the need for some kind of retirement funding, but there is an increasing emphasis on the need for the individual to take out some kind of private provision across a broad range of areas, from healthcare to education.
But while retirement funding is obviously a basic need, a pension plan need not be the only route to providing for your future.
As well as savings vehicles designed for specific purposes – such as school fees provision – there is also a whole range of opportunities open to the investor wishing to generate extra income or build up a capital sum for the future. Additionally, the investor can address the need to provide for dependants in the event of an unexpected loss of earnings.
Whatever the nature of the investments you are considering, the starting points should be the same. As an Independent Financial Adviser we will be able to help you identify the type of vehicle best suited to your needs, based on your own preferred balance between risk and return.
We offer the first consultation free of charge, giving you an opportunity to find out more about our expertise and how we will be able to help you. Contact us today for your free no-obligation consultation.