We start with your circumstances and investment objectives, rather than selecting a product first. An investment that suits one person may be unsuitable for another, even when their ages or investment amounts are similar.
What do we assess?
- Purpose and time horizon. What you want the investment to achieve, and when you may need the money.
- Risk willingness and capacity. Your comfort with fluctuations and your financial ability to absorb losses.
- Liquidity and cash-flow needs. Potential withdrawals, emergencies and income requirements.
- Existing investments and wider circumstances. Current exposures, concentration, tax considerations and relevant retirement or estate-planning objectives.
- Costs and restrictions. Fees, access to funds and any investment or account limitations.
Does a risk profile determine the investment on its own?
No, a risk profile informs the advice, but does not replace a broader suitability assessment. A client may be willing to accept substantial volatility yet have a limited capacity to absorb losses or a short investment horizon.
The recommendation and its scope should be explained and recorded. We review suitability when relevant circumstances or objectives change.
Explore our investment services.
See also: How does Wealth and Legacy Group select investments and construct portfolios?
Disclaimer: The information provided here is intended as general guidance only and does not constitute legal, tax, or financial advice. Every situation is unique, and legislation is subject to change. We invite you to reach out to our team at Wealth and Legacy Group for guidance tailored to your specific circumstances.