What can you expect from Edison ?
When you first come to see us, we will talk through who we are, what we do and how we do it. We’ll also try to understand where you think you need help. We will also suggest you go and talk to other potential wealth managers. This is a big decision you are making and we want to make sure you feel you are making the right one.
At the next meeting, we will try to understand and help you quantify your personal objectives. We won’t talk about your money, but what you want your money to do for you.
It’s not until the next stage that we will start talking about your money. This is when we will see what existing assets and investments you have and try to understand how well they are being used to help you achieve your aims and aspirations.
If we can’t help, we won’t
It may be that at this stage we will decide we cannot help you. If you are doing everything right, then we can add no value. Good meeting you, but you are doing fine without us. We can’t help right now, but things can change, so let’s stay in touch.
Most, though, will want to go on to the next stage. This is when we compile a Financial Strategy report describing how you should best structure your wealth to achieve your personal objectives. It will not specify exactly which financial products to use at this stage, more the different types of investment, insurance, tax and inheritance planning that will provide you with the greatest chance of getting to where you want to be. We will charge you for your Financial Strategy report, although that charge will be deducted from your annual fee when you become a client.
We can only help when we know what you want
We will go through your Financial Strategy with you in detail to make sure we have understood your personal ambitions correctly and that you are comfortable with what we are proposing. If you are happy and want to proceed, that’s when you become a client.
Then we get on and implement your Financial Strategy and help manage it for you. We become, if you like, your family financial office, using other advisors or organisations as necessary. And we will report back regularly – not only on your financial performance, but also on whether you are still on course to fulfil your personal ambitions.
What will we charge you for this?