Savings Accounts and Investment – Risk and Reward
We all know that rarely we get something for nothing – this also applies to investment banking, pensions, savings accounts and all areas of financial planning.
What is less well known, is the range of investment options that will beat bank and building society deposits. However, care should be taken to make sure you do not then lose money to the taxman – the wise advice is to see an INDEPENDENT financial advisor.
Why see an Independent Financial Advisor
Choosing a Financial advisor is a decision that should not be taken lightly as it will almost certainly affect your financial future. It is important to ensure you find the most competent, trustworthy and qualified professional who is best suited to your needs.
The best savings accounts …how do I make my money work harder for me?
In order to check your savings accounts and investment arrangements, you should confirm with your advisor:
1. Your existing returns
2. What penalties apply for withdrawals, these are often date and time dependent.
3. To compare savings accounts.
4. What, if any, alternatives they can provide?
It is prudent to GET A SECOND OPINION. However, many, if not most financial advisors are RESTRICTED as to what savings advice they can give and/or with whom they can place investments.
Financial foresight are Independent Financial Advisors and the first meeting is free. We are happy to confirm when existing investments are competitive and tax–efficient. This, at our expense may mean there is no business for us initially, but after over thirty years we have learnt the value of good will, and we may be able to help you in the future