For those seeking financial advice and wealth management in Shropshire, Cheshire and other counties, there are many different types of professionals to turn to.
As they are all counted on for financial guidance, it can sometimes be difficult to differentiate between the services they provide. To shed some light on the subject and help you ascertain which option is best for your needs, here we look at how financial advisors and wealth managers differ.
Financial advisors offer personalised advice to people on how to best manage their finances. They typically offer a limited number of financial products and services.
Wealth managers are classed as independent financial advisors, or IFAs for short. They take a holistic approach to the financial advice they provide, and often work alongside their clients’ existing professional representatives, like family lawyers and accountants. As a result, they can offer more coordinated and effective financial strategies for those they serve.
As IFAs, wealth managers can offer unbiased and expert advice on a wider range of financial products and services than standard financial advisors. For instance, among their areas of expertise are investments and portfolio management, tax, estate and retirement planning, and guidance on protective policies.
If you are seeking an experienced team of wealth managers in Chester or Shropshire, you can count on us for expert advice and full service. Get in touch with us at Hartey Wealth Management today to discuss your present finances and future plans.
