Wealth Management
95% of all families see their wealth completely dissipated within three generations, through lack of planning and no family governance.
Identify your risks
Identifying the risks a particular family may face and getting them to understand is the first step towards effective risk management.
This is where Alchemy and its associated professionals who have seen these issues before, add real value.
Too many so called Wealth Managers concentrate solely on financial assets and the management of these, which may include asset allocation, manager selection, monitoring and reporting. However, this is only a small part of financial planning.
Identify what you want to achieve
There is little point in selecting any wealth manager if you have not first assessed what you want your wealth to achieve, this involves so much more than fund or asset management.
At Alchemy we believe it is crucial to spend the time to appreciate each client's personal background and history, how they created their private wealth and what they wish to do with it.
Alchemy's Financial Lifestyle Planning Service
We then integrate this information within our Financial Lifestyle Planning Service and this enables us to discuss the returns required to meet your objectives and if you are comfortable with the associated investment risks involved .
We then liaise with qualified and experienced discretionary investment managers as to how your money should be managed.
At Alchemy we believe it is important to use a discretionary manager as they are able to make immediate financial decisions on your behalf. We are also able to monitor their performance for you, and recommended changes should this prove necessary.
We do not believe that having an in-house investment team is in our clients best interests, as this could bring about bias and in our opinion impartiality is lost with such a service structure.
Find out how we can help you
For a clearer understanding of how we work please see our Lifestyle Planning pages and Contact Us for more information.
Once we have a real understanding of what you wish your wealth to achieve, then and only then, will we discuss relevant investment strategies.
There is little point in you choosing a wealth adviser if you haven’t in the first instance really thought about what you want your wealth to achieve. What are your objectives?
We could be the finest wealth advisers in the world but before we do anything; our clients need to buy into the risks of getting things wrong.
Part of the process of understanding what is involved in risk management and how it will affect families is an acknowledgement that risk exists.
This may sound like an obvious statement but it is not uncommon for affluent families to be dismissive of the risks they face. They fail to plan properly and in failing to plan, they actually plan to fail.
