To give you an illustration of how our service differs we’re going to compare ourselves to the process of booking a holiday. No, we haven’t gone mad; it is relevant plus who doesn’t like booking a holiday!
Imagine you’re considering booking a holiday (not hard we know), thanks to the internet you have several options…
Option1 – DIY Booking
You could decide on your destination and budget then fire up your laptop, search hundreds of travel deals, flights and accommodation options, get completely overwhelmed and have a tiff with your other half. Then hope you’ve made the right decision and book everything online. This is fine if it’s just a short city break or week away in the sun, but you wouldn’t book your honeymoon or the holiday of a lifetime this way… would you?
Option 2 – High Street Travel Agent
You could visit a high street travel agent, explain the type of holiday you’re looking for and let them come up with ideas for you. They can book your flights, hotel, transfers and even excursions all in one go and you know the hotel has been checked out by the company in advance to make sure it’s up to scratch. The problem is, they have a restricted selection of destinations and hotels.
Option 3 – Specialist Travel Adviser
If you’re booking the holiday of a lifetime, you want to be sure you’re getting exactly what you want and you’re spending your money wisely. With a specialist travel company, it’s likely you’ll be assigned a single adviser who has local knowledge of the area you’re going to and has possibly stayed a the very hotel you’re booking, which makes you much more confident that this is the holiday for you, after all you’re making a significant investment.
Enough about holidays, here’s our point:
The above scenarios are the same when selecting how you should invest;
Option 1 – DIY
You can spend hours searching the web then go it alone with an online only service such as Wealtify, Nutmeg, Moneyfarm or Hargreaves Lansdown. These companies provide you with access to the investment world but with zero or little advice and even less planning, so you’d better cross your fingers and hope all goes well with your decision. Because you’re on your own, you’ll no doubt spend time worrying whether you made the right decision with your limited market knowledge, which leads to you having to keep a constant eye on the behaviour of your investment – not the best use of your time and probably not worth the worry and risk.
Option2 – Restricted advisers/Wealth Managers or providers
You could do go to a restricted adviser/Wealth Manager or directly to a product provider, but they can only offer advice on a limited number of their own investment options. The consequence of this is there could be a much better investment product or investment strategy that isn’t open to you.
Option 3 – Independent Financial Planners – Herbert & Webster
Finally, you can make the smart choice and put your trust in us, our tried and tested processes and industry expertise to take the stress and worry out of investing and be safe in the knowledge we’re keeping an eye on how your investments are performing.
We’re fully independent chartered financial planners with unrestricted access to the whole of the market so we can select the right investment and protection solutions for you. We’re also qualified to take you through the process of retirement and later life planning factoring in provisions for long term care and inheritance tax.
Basically, we’re here for the long term, to hold your hand through the good and bad times, provide the reassurance your money is invested in the most relevant and tax efficient way for your personal circumstances and you’re on target to meet your future financial goals.
Because we select the investment solution to plug into your financial plan, we can quickly and easily alter where your money is invested if it is underperforming or your personal circumstances change, whilst you retain your relationship with us.
Great then let us explain the process in a little more detail.