As a firm of Independent Financial Advisers and Chartered Financial Planners offering financial advice in Lincoln and across the East Midlands, we understand that planning for known risks such as taxation is a much easier task than planning for unknown and unidentified risks such as the financial implications of suffering an accident or illness and investment security. Devising a risk aversion plan will help you to identify the unknown risks and manage them. A good starting point is to ask yourself a few questions and attach an implication and probability to them.Typical questions include:
Permanent Health insurance is probably one of the most important insurances out there and definitely one you should consider to safeguard you and your family against the financial implications of being unable to work due to accident or illness. There are a wide range of plans available which include not only those to protect your income but others to provide for the costs of long term care and critical illness. Each plan will vary in its coverage, so it is important that you understand the exclusions and limitations applying.
It is far better to plan for the financial cost of paying for the long term care of an elderly relative; it is a difficult time for any family, but with a financial plan in place the burden of unexpected costs will be eased. Are my investments secure?
There are very few guarantees in life and there will always be an element of risk involved with investments. However, creating and maintaining a good investment strategy based on sound financial advice can help reduce these risks. Weigh up your risks and ensure that you spread your investments across a wide range of assets to achieve a risk profile you are comfortable with and which has the potential to meet your objectives.
Castlegate Financial Management is one of the leading independent financial advisers in Lincoln.
Operating from its head office in Grantham it serves clients across the region, meeting with clients at their homes, business premises or at its sister business unit sites across the East Midlands.
Our capabilities and passion for the highest quality service mean you can enjoy the best of both worlds – dedicated personal service and tailored wealth solutions. Our services are available from 11 offices covering Lincolnshire, Leicestershire and Nottinghamshire to provide help and guidance to clients, irrespective of circumstances.
Whatever your financial requirements, be they corporate or personal affairs, Castlegate Financial Management offer fully independent advice from our team of experienced advisers.