Acumen Financial Planning Book a meeting ABOUT US OUR TEAM SERVICES CAREERS RESOURCES NEWS & EVENTS CONTACT CLIENT AREA SAVINGS Saving and Investing on a regular basis in order to build up significant funds is common knowledge to many and a relatively simple process to establish. Selecting the most tax-efficient option for your own savings, or for children or grandchildren, can be more daunting simply due to the number of options available. A financial plan including short and long term goals will help identify your objectives, when you wish to achieve them and how much money you will require to make your goals a reality. More details on specific savings options are explained in our recent articles which can be found here. INVESTMENTS We do not “chase profits” for our clients; a more measured approach to investing is required. Our clients have worked hard for their money and value a professional approach that preserves wealth as a key objective. We firmly believe that the art of investing can be likened to a good round of golf. Golfers will tell you that their club champions are the ones who consistently apply sound course management to their game. This alone, while increasing the probability of success to a degree, dramatically decreases the probability of having a bad round. There is no excuse for having a “bad round”, but many investors do – even those taking advice from stockbrokers. This is because their approach is one of chasing profit rather than preserving wealth. It can take many years for a “bad round” or bad year to be recouped. This is why sound financial management – decreasing the probability of a bad year – is the approach that Acumen Financial Planning recommends. RISK MANAGEMENT Before investing a penny, it is essential that both the client and adviser agree on how to deal with risk. Client circumstances feature large in this discussion. Regulators and those in the retail advice chain, such as banks and building societies, are obsessed with “attitude to risk” and documenting a client’s attitude to risk. However, many clients cannot communicate their attitude to risk because they have never thought about it and don’t know what the risks of investing are. Acumen Financial Planning’s approach is to look at risk from a practical point of view, entering into a detailed discussion with clients on the volatility of markets being a fact of life and whether or not client circumstances and risk tolerance will allow them to take advantage of volatility or not. Either way, managing risk through understanding market history and diversifying investments across several different asset classes decreases the likelihood of a bad investment experience, whatever our clients’ circumstances and risk tolerance happen to be. Articles relating to savings & investments Finance Tips during Covid-19 isolation How to achieve financial independence Savings & Investments LATEST NEWS Acumen Financial Planning takes place among top 100 financial planning firms 22 November 2021 Managing Director wins 'Good Egg' CISI award 6 October 2021 Offices open for client meetings! 1 October 2021 CISI’s Financial Planning Week 11 – 15 October 2021. Sign up for free, finance sessions. 22 September 2021 RESOURCE LIBRARY 10 Steps to Protecting Intergenerational Family Wealth The Pandemic and Financial Vulnerability Acumen Employee Benefits Marks World EV Day Is it time to review your employee benefits? What is Employee Financial Wellbeing and Why is it Important? HEAR FROM OUR CLIENTS "The process with AFP was very straightforward. It’s a process I have, and will continue to encourage others to undertake whenever the topic comes up in discussion." John Fowler, October 2021 READ MORE The content within this website should not be looked upon as advice or recommendation. Clients should seek appropriate guidance from their financial planner. Glasgow Tel: 0141 404 1500 info@acumenfp.com Aberdeen Tel: 01224 392 350 Edinburgh Tel: 0131 526 3250 Peterhead Tel: 01224 392 350 Elgin Tel: 01343 233 105 Awards Accreditations & Awards Glossary of Terms Recruitment Regulatory Disclosures Terms & Conditions Privacy Statement Copyright Cookies Acumen Financial Planning is authorised and regulated by the Financial Conduct Authority. FCA number 218745. Please be aware that tax planning and tax advice are not regulated by the Financial Conduct Authority.