Let talk a bit about why you should employ us.
10 Good reasons to employ us:
There is a large choice of insurance contracts in the market, but can you tell which one is actually worth buying. We will assess your position and guide you through the best options to protect yourself and your family, regardless of whether you are single, married, have children or they have long left home. Whether you need to protect your income or capital, whatever your needs. We can help ensure that a change in circumstances does not need to turn into a financial crisis.
To secure your long-term future, you need to build some assets, initially to get you through the rainy days and then to pay for holidays and luxuries. Step one is to plan your spending so that you begin to save, step two is to plan that saving so that you can build your wealth as efficiently as possible. Regardless of whether you currently have £10 or £10,000, we will look at your situation and seek the best starting point for you.
Once you have sorted out your short-term saving needs, you can then start thinking about the long-term; these days most people realise they cannot rely on the State for more than the absolute basics. However, planning for retirement is a complex business and there are many different options available. Pensions have come a long way in terms of flexibility and transparency in recent years and now offer a wide range of investment options. We will not only help sift through the many rules and product options, but also help construct a portfolio to maximise your prospects.
The mortgage market is complicated enough already, with its discounts, variables, AERs, caps, indemnities, and early redemption fees; then came the credit crunch. Buying a house is still one of the most expensive decisions you will make, and most of us need a mortgage to do it. We could save you thousands of pounds. We will seek out the best rates and terms. We can help you assess sensible levels of borrowing, make the most of your deposit, and may also find lenders who would otherwise not be available to you.
Remember: Your home may be repossessed if you do not keep up repayments on your mortgage.
As you progress through life, you begin to build your assets and your income begins to increase. You can then start to consider how to enhance your position rather than simply consolidate it. This could mean looking to retire early, paying school fees, university fees, or investing in overseas property. However your aspirations evolve, we can help assess what is realistically possible, and put a plan in place to help you achieve it.
Investment is as much about reducing the potential downsides as it is about targeting maximum return. High returns are normally associated with high risk, and few are happy if their investment falls by a third or more. This is why we will make a detailed assessment of your attitude to risk and capacity for loss, before making any recommendations. We will also ensure you don’t put all your eggs in one basket by helping you diversify; across asset classes, accounts, individual funds, and product providers.
Most new products or investment opportunities are accompanied by hype, proclaiming it is unique, original, the best ever, but that does not mean it is right for you. Investors the world over have been and will continue to be caught out by market bubbles or high charges because they don’t take a step back. We know from experience how products and assets work in different markets and can outline the downsides for you, as well as the benefits. Between us, we can then make a more informed decision about what hype you can believe, and what products you really need to avoid.
Once your risk and investment assessments are complete, the next step is to look at tax, where even the most basic overview of your position could help. It may simply mean using ISA’s or a pension plan to benefit from Government incentives, or it could mean choosing growth assets over income to use capital gains allowances rather than pay income tax. Alternatively, for more complicated arrangements, it might mean moving assets to your spouse or children to make full use of their personal allowances. We will always have your tax position in mind when making recommendations and can help point you in the right direction even in complicated situations.
Even when you have every product you need taken care of and your investments are set up and running to plan, someone needs to keep an eye on them in case changes in markets or abnormal events push them off course. You can ask us to do this monitoring work for you. We can assess the performance of individual investments against their peers, ensure that your asset allocation does not get distorted as markets move, and help you consolidate gains as the dates of your ultimate goals approach.
Money is a complicated subject and there are many things you need to think about to protect it and make the most of it. Markets are volatile and the media is prone to exaggeration of both the risks and the rewards. Employing Boyett Mayes & Associates can take the burden away from you and move it into the hands of a qualified professional. Whether you need general, practical advice, or a specialist with dedicated expertise, the money you invest in taking advice could be paid back many times over in the long term.
Many people think that financial advice is only required by the very rich. However, everyone can benefit from it. Not only can it help you protect and build your assets, it can help you make the most of your investments and help secure you and your family’s long term future.