Take Control of Your Assets to Protect Tomorrow’s Finances

If you’re worried about your financial future, then it’s essential that you distribute your assets in the right way in the here and now. That means seeking out investments that will not only earn a respectable return over the coming years, but that will be able to weather whatever financial storm brews during that period.

So, which approaches are worth considering?

 

Refine Your Asset Mix with Private and Alternative Investments

In the UK, the rich are increasingly being drawn away from traditional markets, and toward more obscure, volatile, and exciting ones. This might mean sinking wealth into luxury goods, like fine wine, classic cars, trading cards, and fine art. Or, it might mean looking to put money behind the green infrastructure of the future, or the Artificial Intelligence that could conceivably power it.

By diversifying a portfolio in this way, you might naturally make it more resilient – and profitable. However, it’s vital that you choose your investments based on the right information. That might mean picking an asset class of which you have the right amount of knowledge, and working with experts in retirement planning and investment.

 

Embrace Digital Innovation & Personalisation

Increasingly, wealth managers are making use of digital tools that not only make the process simpler and more transparent, but also enable them to make investment decisions automatically. AI also has a key role to play in dealing with clients and analyzing patterns of risk within a portfolio. While modern models are prone to hallucination and other defects, which in an investment context could prove disastrous, they can still play a role in guiding the decisions of human investors.

 

Integrate Philanthropy and Purpose-Driven Investing

For many high-net-worth individuals, the pursuit of profit is no longer a fundamental goal, but a means of bolstering philanthropic investments. Individuals might seek to donate to charities and social drives, both at home and abroad. It’s vital that their capital investments are appropriately aligned with their values.

 

Stay Compliant with Evolving Regulatory & FCA Guidance

Investing in the modern era means understanding the requirements of regulators like the Financial Conduct Authority. This means being aware of a set of obligations that regularly shift and change. The advice of the right experts, and regular reflection and review, can often make a big difference.

Among the more important things to consider is the role played by Consumer Duty, which, broadly speaking, requires that financial services providers put the needs of consumers at the heart of every major decision.