Bespoke Investment Advice From Torphin Financial Planning, IFAs, Edinburgh
Do you live in Edinburgh and the Lothians and need some advice on your investments?
The right kind of investment advice relies on a number of factors – What you want to achieve in your life both short term and long term. What access you will need to your funds over a given period and also, your attitude to risk. Are you a belts and braces kind of person who never walks on pavement cracks – or is base jumping your guilty pleasure? Only by getting to know you, can the correct, bespoke investment advice be given.
Unfortunately, over the last 25 years Restricted Financial Advisers, such as large high street banks, set their sights on big profits by selling a limited number of products to their customers.
These didn’t take sufficient account of clients’ attitude to investment risk or their individual financial circumstances. As a result, thousands of people have been miss-sold financial products and compensation claims are still commonplace today.
At Torphin Financial Planning in South Edinburgh, we know that getting to know you, means getting it right and being able to provide bespoke investment advice; as an independent financial firm with access to a wide variety of investment solutions, we’ll do just that.
Fixed-term, Investment Bonds were a very popular financial product sold by many banks and they had a fixed term of five or six years. At the end of the term, the funds plus any growth were repaid to the customer.
Since the banking collapse in 2008, many banks have stopped providing advice to customers regarding Investment Bonds. As the bonds matured, clients could not get the help they needed in order to reinvest with the only suggestion from many banks being that the customer should simply reinvest for a further five to six years.
The problem with this approach is that reinvesting in the same investment bond is now unlikely to provide tax efficient balanced returns. If you have a bond which is maturing, it’s very important to get the right advice on your next step to not only safeguard your investment, but to help it grow.
Contact Torphin Financial Planning, Edinburgh for Sound Investment Advice
At Torphin Financial Planning you won’t be a customer – you’ll be a client, which means that we’re not interested in selling you a one-off, financial product which isn’t right for you. Instead, we’ll look after you and your financial interests, both now and in the future. Contact us at our South Edinburgh office to discuss your options regarding maturing bonds and any other concerns you may have about your current investments.
We will strive at all times to ensure you receive the best investment advice tailored to your particular circumstances however, the value of investments and income from them may go down as well as up and are not guaranteed therefore you may not get back the amount invested. Taxation depends on individual circumstances as well as tax law and HMRC practice which can change.