What drives someone to seek financial advice in the first place is usually something very specific; a change of circumstances, a windfall, impending retirement, and in their mind they’re looking for a financial product to solve their problem. Most people prefer not to dwell on their finances as it can be so time-consuming, whereas seeking financial advice is an invitation to do a ‘deep dive’ into everything financial in their lives. If you've never experienced it, then you won’t have experienced any of the positive outcomes associated with it. The bottom line is that people who take financial advice will typically end up 3% per annum better off, than those that don't.
We review your existing arrangements and show you whether or not you are on course to meet your goals. We can also examine how aligned they are with the attitude towards investment risk that we have agreed upon being appropriate for your circumstances and identify your total cost of investing (TCI).
Our research & analysis work is truly independent and Whole of Market with us conducting research on over 9,000 life, protection, pension & investment products, over 16,500 investment funds, 200 DFM propositions, 1,400 DFM managed portfolios and over 55 platforms to find the most suitable products for you.
Our Risk Profiling process has been developed by leading decision science academics from Oxford University. We understand how people perceive risk, make judgements about risk, and behave in risky situations. We know how best to elicit and convey information to ensure those perceptions, judgements, and behaviours reflect true intent.
Our advice recommendations are based around your personal circumstances and objectives and is covered and protected by FCA regulation. The regulatory reports and documentation we produce include Suitability Reports, Key Features documentation, Fund Fact Sheets, Key Investor Information Documents and Illustrations.
Financial advice can be measured in a variety of different ways. Traditionally, research has leant towards measuring financial success in terms of how advisory firms could add value around an investment portfolio. However, in recent years, it has been recognised that financial planning and regulated advice can have an impact in a wide range of areas, from income drawdown planning, estate planning, tax planning and protection. Increasingly, clients have also placed importance on saving their own valuable time by handing over their financial planning and advice work to an adviser. Successful DIY investing requires extensive research and is ultimately time-consuming! Over the past few years, there have been numerous independent studies estimating the economic benefits of financial advice – from lower cost investment selection, portfolio re-balancing, to maximising tax efficiencies. The findings from the largest study carried out by Vanguard shows a value add-on of 3% per annum on your portfolio compared to not using the services of an adviser. So how is the value add-on figure of 3% calculated?
Ultimately, for many of our clients, other demands in their lives prevent them from ensuring that they conduct their own financial planning. Working with us stops our clients from making financial mistakes or putting off immediate financial decisions that need to be made.
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Mamucium Capital is authorised and regulated by the Financial Conduct Authority FRN 767090. Registered in England 10467410.
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