Creating wealth

At Locumsgroup, the wealth creation process is divided into four integrated components: The three services provided by the three operating divisions of the organisation, plus a comprehensive strategy representing the fourth.

1. Strategy

A correctly defined and tailored strategy provides the blueprint for your financial future. A defined strategy will ensure that your short, medium and long term objectives are clearly identified so that they can be achieved. Your strategy will reflect your particular requirements, and will incorporate all of the objectives that you seek to achieve through your Personal Financial Plan.

2. Financial Management

The wealth creation process involves the design and implementation of a disciplined personal financial strategy. This gives you the best chance of selecting the appropriate investment, building a well structured portfolio, and achieving the desired investment return.

In broad terms, assets can be divided into four main classes: Shares, Property, Fixed Interest and Cash. To varying degrees, each asset class behaves differently over the distinct stages of an economic cycle.

Regular reviews of your position will allow timely recommendations and enable adjustments to help you assemble a diversified and balanced portfolio.

Check out how much you'll need to be financially secure after you retire, using our Retirement Calculator.

3. Mortgage Management

Borrowings are a vital aspect of any financial plan. Inappropriately structured, they can be a prohibitive drain on cash-flow and an expensive waste of opportunity. Alternatively, correctly structured borrowings can accelerate the wealth creation process.

We consider your mortgage to be an integral part of your overall financial strategy. In the correct circumstances gearing an investment portfolio through appropriate borrowings is a method of acquiring assets with capital growth potential, while reducing your tax liability.

4. Liabilities

Assets, liabilities and risk represent the tripod of a correctly structured financial strategy.

Your Financial Blueprint will bring together these three interdependent limbs in a cohesive manner, providing direction and foresight to the process. The administration of your financial affairs is one aspect of financial management that is rarely discussed. Yet without effective monitoring this process can soon cause problems.

As a Locumsgroup Private Client you benefit from the full administrative services of our group, covering your tax records, fund balances, asset values and the ongoing management of your affairs.