People frequently ask me, “What’s the difference between investment advice and wealth management?” Well, I would start by saying that wealth is not just about money; it’s a journey. Most people invest monies without fully understanding the risks. Quite often, emotional decisions are mixed with financial decisions and this can result in bad outcomes. My role therefore can be to act as counsel to individuals and families that face personal and financial dilemmas.
For me, the starting point is to understand client’s lives and what they cherish the most. One of the most interesting facets of what I do is helping a family enjoy their wealth and at the same time preserving the capital to be passed down to future generations and charitable causes. These mechanisms aim to ensure perpetual wealth down the family lineage. In some cases clients have no children and in these instances I work with them to establish charitable foundations.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.