WiseWealth®
Truly bespoke wealth management and lifestyle planning service
Our WiseWealth® process enables us to provide robust and invaluable intelligence. You will receive a truly bespoke wealth management and lifestyle planning service from IBB Wealth, with the journey beginning by the creation of a detailed examination of your unique situation, including needs, ambitions and views on risk.
We then create a personalised assessment to discuss what action we recommend you need to consider. A tailored set of recommendations may range from investments, through to retirement planning and complex tax structuring.
Our WiseWealth® team is supported by specialist and industry experts, working closely with you to develop long-standing relationships that enable you to build, assess and adjust your wealth as markets and your circumstances change over time.
By working through a series of logical steps, we will help you gain a better understanding of the options available. And by working together, we can devise and implement a suitable financial plan to target your goals.
6 stages to creating a financial blueprint for financial success
1. Current financial situation
In the first step, your Adviser will explain fully how we are paid and by whom. At the outset, we agree on how long the professional relationship should last and on how decisions will be made. It is crucial that we get to know you and determine your current financial situation with regard to income, savings, living expenses and liabilities. The wealth planning process and its success will depend on the quality and clarity of the information communicated. Preparing a list of current assets and liabilities, balances and amounts spent for various items enables us to build a financial blueprint as a foundation for your desired goals.
2. Defining financial goals
Next, we talk through your goals and objectives, both in the short, medium and long term. Your Adviser acts as a sounding board and explains how these will determine the creation of your financial wealth plan and provide a blueprint for your financial future. They’ll ensure that they are quantifiable, achievable and clear and have a defined time frame and, importantly, separate your needs from your wants.
3. Current financial profile
Your Adviser will then review the information provided about your current financial situation and your goals and objectives. They use this to produce a report that reflects your current financial profile. Your attitude towards investment tolerance and capacity for risk are also assessed, and this is analysed to determine your required asset allocation for investment or pension goals.
4. Personal financial analysis
Based on the information you have provided, your Adviser will then present your financial plan and the analysis we’ve completed. Each of the goals and objectives you’ve highlighted will be addressed and a recommendation for each identified. Depending on what services you require, this could include analysing your assets, liabilities and cash flow, current insurance coverage, investments and pensions, or tax strategies.
5. Financial plan implementation
Once the analysis and development of your plan is completed, our Adviser will meet with you to outline the recommended courses of action. We’ll record any agreed implementation plan and provide all the necessary documentation to support your plan. Where applicable, we’ll also coordinate the process with any other professionals such as accountants, solicitors or investment managers you may receive other advice from.
6. Re-evaluation monitoring
Your wealth strategy is a dynamic, ongoing process that requires continuous re-evaluating and monitoring. Your Adviser will review this at least annually with you to look at any changes in your circumstances and, if necessary, amend the strategy to incorporate them. Reviews can take place more often if needed, and each meeting provides you with the opportunity to discuss any specific questions you may have now to enable your Adviser to adjust recommendations, if needed, as your life changes.