Welcome to the Money Agony Aunt series where we address some of the common things that we have been asked. Meeting an adviser for the first time can be a daunting experience. We look at the top tips to make your first meeting a success. 1) Take stock of where you are now, financially. An adviser needs to have a good grasp of your situation before they can advise you on the best solution. Don’t worry, you don’t need to have the answers to your financial situation. You just need to describe it. At the end of the day, it is the adviser’s job to provide the answers and help you get to where you want to be. So ahead of your first meeting, get an idea of: > Your income & expenditure. > Your property. Do you own or rent? Do you have a mortgage? > Any debts. > Pensions. If these are scattered around, this is completely normal. > Any existing investments such as Stocks & Shares ISAs or General Investment Accounts. > Cash savings including Cash ISAs and anything in Premium Bonds. 2) Take time to think about your objectives. Money is a means to an end. Defining where we want to be is the tricky part. Take time to think about what the money is for. It doesn’t have to be financial – in fact, very often it is not financial. It could be a change of lifestyle, change of career, or retirement. Having goals for your money is important. First, it helps you and your adviser determine whether investing is right for you and how much risk you need to take. Second, investors who have specific goals tend to stick to their investment plan. By doing so, they avoid one the most common mistakes that retail investors make – selling investments in a market downturn. 3) Find a good-fit. Find an adviser that you feel comfortable with. You will speak or meet your adviser on a regular basis, so choose someone with whom you feel you could build a good rapport. Have a money question? Don’t hesitate to get in touch: Fulham@RaymondJames.com #personalfinance #moneyagonyaunt Risk warning: This post is intended for information purposes only and no action should be taken or refrained from being taken as a consequence without consulting a suitably qualified and regulated person. Your capital is at risk when investing.
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In our Money Agony Aunt series, we answer some of the most commonly asked money questions. Today’s question: I want to start investing for my child. Where do I start? Answer: Before you begin, ask yourself: 1. Is there something specific for which I would like to invest? For instance, my child’s school fees, house deposit or their later life. 2. Would I be comfortable with my child taking ownership of the investment pot when they turn 18 years old? If this causes panic, don’t worry – there are options to explore! 3. Do I want to have access to any money that is saved or invested for my child? This could be for educational purposes or to help with family’s living costs (such as mortgage payments). It is worth pondering these questions because they help determine the best way for you to start investing for your child. We delve into more detail in the article. P.S. We help individuals and families with their financial affairs. If you have a money question or would like to discuss your personal finances in a confidential setting, drop us a line: Fulham@RaymondJames.com Please be aware that capital is at risk when investing.
Money Agony Aunt: I want to start investing for my child. Where do I start?
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Raymond James 2024 Forum – done! Every year, Raymond James and Charles Stanley branches, stretching from Scotland to the south coast, come together in London. A few things that make it such a special event in our view. 1. Leading advisers, such as Mary Clements Evans, share their best practice. 2. Industry experts, such as Karen Ward, discuss key topics affecting the economy and personal finance. 3. It’s a chance to connect with our peers. It has been a blast and we can’t wait for the next one. #RJForum2024
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Does anybody know what’s going on? That’s the name of the latest exhibition at Everard Read London. It is a really colourful and uplifting collection of works. Everard Read is the leading gallery for modern and contemporary art from South Africa. We are so lucky to have it on our doorstep. Thank you for having us!
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