Recently I contacted a client as part of the review process at Reeves Independent. This particular client was 65 years of age, retired and drawing an income from their private pension. I said to them I want to come and talk to them about their investments - their response was "but I don't have any investments". This is a very frequent response, but after a thorough inspection it is often not the case.
What investments did they have?
After sitting down with them we discovered that they had over 150k in various endowments, cash ISA's, Stock & Shares ISA's & investment Bonds. The problem was that their investments were all over the place and they had no idea what they actually had - this a very common occurence amongst clients and prospective clients.
So what did we do for them?
Following a full review of the situation we decided the best option was to bring all of their money into one manageable pot into what is called a WRAP. To read about WRAPS and the benefits of them click the following http://reevesifa.blogspot.com/2011/04/wraps-take-control-of-your-investments.html
Effectively what this case study highlights is that a large number of people have no idea what investments they actually have, and therefore can't achieve the greatest returns possible. Are you one of these people? Do you want to take control of your investments?
If you would like to have a review of your investment portfolio or you would like to know more about our WRAP portfolio management service then contact us on 0871 271 1280 or e-mail info@reevesifa.com
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