Is Wealthify a good option to invest in? I am 67 and want good (early returns).

28 Feb, 2022

Question by Danny

Hi, simple question: £200k to invest. Is Wealthify a very good option? I am 67 and want good (early returns).
Thanks
Danny

Answered by Bodie Dove

Hi Danny

Thank you for your question.

I think my main concern would be be (early returns), anyone that promises or suggests that they can achieve this for you should probably be avoided.

An online platform could be a good option for you, these types of platforms offer a reasonably cost effective solution, commonly achieved through a form of robo advice, effectively you tell them what risk you want to take and they match you to a fund. There is no conversation or consideration given to your wider circumstances, goals or objectives or any further planning tailored to achieving these.

By comparison having an adviser that actively works with you to really understand your attitude to risk, your capacity for loss, your goals and objectives and how your wider circumstances affect all of this will add a value that offsets the additional costs to run your investments.

If you would like to have a free initial chat to discuss your requirements I would be more than happy to talk to you.

Please feel free to contact me bodie.dove@sjpp.co.uk or 07507443388

Answered by

Bodie Dove

Chartered Financial Planner

I’ve always enjoyed problem solving and I take a personal approach to finding solutions that provide a genuine, positive change to my clients. I am passionate about attaining the best approach to help each client understand and then take control of their finances so that they can create a plan to fund their future goals. I like to think of myself as the satnav helping them to get from point A to Z on their financial journey.

The Financial services industry is a very daunting area for a lot of people and it’s my job as an adviser to tailor my advice and make it easy to understand for every client. I also currently run financial education workshops in local schools to help the next generation to better understand financial matters and breakdown some of the jargon.

Outside of work, my life revolves around my wife and daughters, whether it’s doing the school run, paddle boarding or joining in with their taekwondo lessons I love being a hands on dad.

Lester Brunt Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the group's wealth management products and services, more details of which are set out on the group's website http://www.sjp.co.uk/products.

Lester Brunt Wealth Management is a trading name of Lester Brunt Wealth Management Ltd.

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