In association with our investment partners, Parmenion Capital Partners, welaunched our on-line advice model 2017. This allows clients to invest money in Individual Savings Accounts (ISAs) which grow free of tax, or a General Investment Account (GIA) where any growth is taxable.
This online solution was specifically set up to help clients access well constructed investment portfolios, without the need to contact an adviser. We’ve put together some FAQs on this on-line investment service…
Help – I don’t understand stocks & shares!
Please do not worry if you are not sure how to invest, the on-line guide will take you through an investment risk questionnaire and then match that with other details about your finances. You then get the opportunity to have a play with the portfolios and see what the investment returns would be if you take more or less risk over a shorter or longer term.
Can I do this anonymously?
The first half of the process is completely anonymous, so you do not initially have to enter any personal data. The good news is that this is an advised process, so you have the re-assurance the portfolio is being recommended by a qualified financial planner and we will be taking responsibility for the advice. Unless you want to though, you will not have to speak to an adviser.
Is there a possibility I’ll get declined?
If your finances are relatively complicated, or you are really not prepared or financially able to take any investment risk, you will be asked to contact an adviser if you want to go any further. They will then be able to make alternative recommendations.
What if I want to speak to an adviser?
We have launched this online service to make it as easy as possible for younger clients to work with us, but if you do need to speak to a qualified financial planner, we’ll only be a phone call away on 0121 685 5060.
What if I’m already a client?
If you’re interested in investments and the stock market, you’re welcome to have a play with the system and check your attitude to investment risk. However, the investment costs are exactly the same, so there’s no advantage for you to invest online directly. The face to face or phone based advice arm of our business is likely to remain at the core of Essential Money’s service, providing Independent Financial Advice. We still feel that’s the best way for clients to get the most of out of their money.
To learn more about investing, to find out what type of investment portfolio would suit you and whether you can afford to start saving in stocks and shares please watch this video:
http://www.essentialmoney.co.uk/what-we-do/ and then visit:
Please note that past performance is no guarantee of future performance and the value of units can fall, as well as rise.