Best Financial Advisors in Penrith

How is a Discretionary Fund Manager different from a Financial Planner? Discretionary Fund Managers are focused on increasing your returns within the parameters you agree, in terms of the risk you are willing to take. They offer a bespoke service and buy and sell assets within your portfolio to maximise your returns. Some are large national or global companies that run huge multi-million-pound funds, others are small local offices that provide a very personal service. Financial Planning is not just about your money, that is an almost secondary part of the service. The primary aim is to look at your life as a whole. So that includes your family situation, ALL your assets (not just your investable cash) and all your liabilities. We use cashflow modelling software to plot ahead and see what impact life changes can have on your future plans. Those life changes can be planned or unexpected but we look at every eventuality to see what would happen. Do you have more than enough to give away? How much inheritance tax will you need to pay?