Sometimes we have lump sums of money available; It makes sense to deposit some of the money in a deposit account, for easy access. Investing a lump sum is a great option if you want an opportunity to grow your money over time. We offer access to funds with varying levels of risk and return. This plan will suit people who wish to invest a lump sum and have the potential to earn a return. If you are looking for an alternative to a low interest deposit account for your savings or looking to invest in a variety of different funds.
Investment Bond are usually a unit-linked once off premium paid into a plan/product. It gives you access to a wide variety of funds, with varying degrees of risk and return from high risk to potential return to low risk with potential low return.
A plan that will maintain and increase the client’s wealth based on that individual’s financial situation, goals and comfort level with risk. After the original plan is developed, regular meetings are held with clients to update goals, review and re-balance the financial portfolio, investigate whether additional services are needed and ideally, follow clients throughout their life.
Types of Wealth Management
In financial markets, higher returns are associated with higher risk or volatility. There is no such thing as a risk-free product. We will show to you the potential pluses & minuses of investment so you can make an informed decision with a risk level that you are comfortable with.
Investment risk can be reduced by means of diversification. The simplest example of diversification is provided by the proverb ‘Don’t put all your eggs in one basket’. Dropping the basket will break all the eggs. Placing each egg in a different basket is more diversified. There is more risk of losing one egg, but less risk of losing all of them.
An asset class is a group of securities that have similar financial characteristics, behave similarly in the marketplace, and are subject to the same laws and regulations. The 3 main classes are equities (stocks), fixed-income (bonds) and cash equivalents.
A deposit account is a savings account that allows money to be deposited and withdrawn by the account holder. Deposit accounts are a low risk investment but as a result long term growth is also low. There are 3 main types, Demand, Notice and Term/Fixed-Rate. Suitability for you depends on access requirements, the notice required and the rate of interest paid.
Eugene Gilligan Financial Advice and Services will provide you with the information
you need, in a honest, clear, simple and easy to understand format.
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