Inherited wealth v self-made fortunes

clock

It is not just how much money you have but where it comes from that affects the advice process, finds Maryrose Fison.

Access to financial planning services has long been the preserve of the rich and wealthy. But with more consumers coming into ‘new money’ from start-up businesses, inherited wealth and, at the other end of the spectrum, prize winnings from the lottery, the role of the financial planner has widened beyond mere provider of impartial financial advice. While a number of factors can be said to influence retirement planning, notably age and gender, individual attitudes are also significantly dependent upon where money originates from, new research has revealed. The latest figures from glob...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •