Wealth Management

At Harrogate Financial Solutions we believe that wealth management starts with finding out where you are and where you would like to go in your life. We will consider how best to protect your wealth and lifestyle and what needs to be done to achieve your goals.

When planning investments, our objective is to minimise unnecessary risks while maximising potential and to protect your assets from tax where applicable and feasible.

Please note: the value of your investment can go down as well as up and you may not get back the full amount invested.


Individuals, companies and trusts invest for a reason. It can be for income or growth or a combination of the two. It could be to fund a specific purchase at some point in the future. Whatever the reason it is important to take into account the objective, the timescale, the investor’s appetite for risk as well as the amount and the timing of the available investment monies.

Our investment process is based on a fixed core asset allocation approach, which is rebalanced on a quarterly basis.
Whether it’s invested for retirement or just for the future it’s about ensuring that the portfolio is continuously monitored and that we maintain regular contact with you to keep you updated about the funds you are invested in.

We have a maximum fund holding of 4% in anyone one fund, as such our portfolios contain on average around 40 funds. (Ethical and Deposit Portfolios hold fewer funds in greater proportions).

We also have a multiple funds within a sector approach both of these investment guidelines are with an aim to reduce any potential single fund overexposure and also reduce the volatility of each portfolio.

Within each sector our philosophy is to bring together funds representing different investment styles that complement each other and perform differently in different circumstances.

We look to have a maximum of one fund manager and one fund house per sector, again to reduce any investment house bias and overexposure.

We can help by:

  • Collecting relevant facts to understand your current position and evaluating and adopting your existing arrangements.
  • Establishing your financial objectives, tolerance to risk and required liquidity.
  • Producing a financial plan.
  • Establishing a suitable asset allocation to match your attitude towards investment risk.
  • Identifying the most tax efficient wrappers and construct a suitable investment portfolio.
  • Presenting your written financial report.
  • Establishing any new arrangements and processing documentation.
  • Monitoring and evaluation of original investment funds and Re-Balancing of the Portfolio to a core asset allocation quarterly.

Back to top

Wealth Preservation – planning for later life and inheritance Issues

Financial Planning for wealth preservation in later life including Inheritance Tax planning can be complex and require specialist knowledge.*

We can help by:

  • Providing appropriate investment strategies, perhaps geared towards capital preservation rather than capital growth, to generate or increase income in a tax efficient way.
  • Implementing Inheritance Tax mitigation strategies whilst retaining sufficient assets to ensure a client’s own financial security. This could be achieved by utilising a wide range of trust and investment based approaches which are designed to meet both aims.
  • Arranging a client’s affairs so that their estate passes to their chosen beneficiaries in a tax and cost efficient way, without compromising financial security during their lifetime.

Back to top

Pensions and divorce

Going through a divorce is one of the most stressful events in life. Financial Planning assistance is essential at this time and we provide appropriate advice accordingly:

We can help by:

  • Analysing the information provided by one or both parties.
  • Assisting in gathering any further information to prepare your report and liaising with legal representatives as required.
  • Preparing a detailed report to consider all of the options available, utilising actuarial input where necessary.
  • Recommending suitable financial arrangements including pensions, investments and protection.
  • Implementing any financial order, for example pension sharing and attachment orders.
  • Managing the client’s investment portfolio and dealing with their financial planning needs in the future.

Back to top

Retirement Planning

Retirement planning can be considered in two stages:

The first being the build up of sufficient assets in various forms before retirement, which is all about forward planning pre retirement – the investment stage.

The second is assessing the most suitable options, at retirement, for arranging these assets to provide suitable capital and income security during retirement – the disinvestment stage.

However both are linked and as retirement approaches it is imperative to review the pre – retirement investments in conjunction with the retirement income objectives, as this may influence investment decisions, especially in the final few years. Our Portfolio Management Service offers a ‘glide path’ to retirement for pension money which reduces the risk of the portfolio as you approach retirement.

We can help with:

  • Pre retirement/investment – Providing suitable tax efficient saving strategies to assist clients build up sufficient assets to provide a comfortable retirement, taking into consideration affordability and attitude to risk.
  • At retirement/disinvestment – Guiding clients through the plethora of options available, and deciding which strategy best suits their personal circumstances taking into consideration inflation, taxation, attitude to risk, health, and any requirement for dependants benefits.
  • Utilising cash flow forecasting to establish whether the client is likely to have sufficient capital to last them throughout their retirement.
  • Considering the possibility of receiving an income from their pension fund whilst continuing to work.

Back to top

Mortgages and Protection

Your home is one of largest purchases you will make during your lifetime, and together with the ever changing mortgage market, mortgage advice from a specialist mortgage adviser is an invaluable service.**

Although we do not provide mortgage advice ourselves, we can refer you to a specialist mortgage adviser:

  • Providing advice for anyone requiring borrowing for property purchases.
  • Reviewing mortgages that are coming to the end of the ‘special’ rate to ensure the new mortgage matches current objectives.
  • Making recommendations for various protection products to repay your mortgage in the event of death, suffering a defined critical illness or being unable to work due to ill-health.
  • Providing advice for clients who are interested in releasing capital tied up in their residential property using remortgage products.
  • To understand the features and risks, ask for a personalised illustration.

Back to top

* The Financial Conduct Authority does not regulate Taxation and Trust Advice.
** Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but we estimate that it will be £295.