WEALTH MANAGEMENT
With deposit rates reaching an all time low it is currently very difficult for those with investable funds to decide what to do with them. Naturally nobody likes to have their eggs in one basket and nobody likes to take inappropriate risks with their investments, so there are quite a number of factors that need to be considered before deciding what to do.
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As everyone has varying attitudes to risk and investment timeframes the first thing to do is to review your current options and make yourself aware of what is available to you.
PERSONAL PORTFOLIO MANAGEMENT
There are a number of key factors that decide a person’s priorities when they come for advice. They include their age, the time available to them to manage their own finances, their attitude to risk, their tax position, their income levels, have they superannuation etc, to mention but a few.
The most important decision you will make is how your investment portfolio is made up. A couple of key questions will help you to inform the best decision for you:
When would you like different investments to mature or what is your time horizon:
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6 months
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1 year
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3 years
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5 years
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What kind of assets would you like to invest in:
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property
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shares
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guaranteed options
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alternatives / commodities etc
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How much risk would you like to take on:
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0% low risk assets
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20% risk assets – 80% low risk assets
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50% risk assets – 50% low risk assets
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80% risk assets – 20% low risk assets
ADVISORY SERVICE
To begin to give an advisory service, the basic issue that needs to be tackled is around any existing investment or pension savings you might have. Many people do not know what they have or are entitled to with their existing funds, particularly pensions.
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By gathering information on these we can create a portfolio that outlines clearly where funds are invested, how much risk they carry, when they will mature and how they have performed.
REGULAR PERFORMANCE UPDATES
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Want to keep a closer eye on exactly how your pension funds are performing? In our experience many medical professionals tend to have built up numerous pension pots, in various institutions, over the years. This can be either from public or private employments or very often a mix of both. As a result we have found that many people do not have an overall picture of the underlying investment strategy or risk profile within their pension portfolio, and thus no real idea or target for an expected income in retirement.
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Our clients receive dedicated pension portfolios, developed to illustrate your position in a clear and simple way. They feature the relevant financial institutions, amounts invested, funds invested, current value and all importantly the fund performance.
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We will work with you over the long term to ensure that your portfolio evolves with you and your changing circumstances.
If you would like to speak to an Advisor about your financial arrangements, please contact us by completing this form or using the using the contact details below:
Omega Financial Management
Suite 31 The Mall
Beacon Court
Sandyford
Dublin 18
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Tel: 01 293 8554
Fax: 01 293 1948
Email: info@omegafinancial.ie