Here at Slater Financial, we understand that your savings are important to you, in fact, every penny counts, but to grow your savings and put more money aside for the future, seeking investment advice from our Derbyshire based specialists is a great option.
While high street banks and building societies no longer offer such advice, our financial advice team can give you the guidance and support needed to make investments and review them regularly. The vast majority of people receive a lump sum during their lifetime, and putting it to good use will be the first thing on your mind, but how can you invest your lump sum confidently and with your best interests at heart?
Finding a savings option that suits
The first stop for your lump sum will be a savings account but with so many products available discovering the right one for you can be difficult. Your chosen savings account should be a safe haven for your money and accessible anytime, after all who knows when you will want to move your funds into a longer term investment plan.
If your lump sum consists of £75,000 or more then you may want to consider splitting it and using savings accounts across multiple groups. Should one of these banks collapse, you will be eligible for compensation but this is limited to £75,000 per authorised firm under FCA rules.
Devise a personalised investment plan
Knowing what you need from your investment is vital when establishing a plan that works for you and your financial goals, and this is something our financial advisors regularly assist with. From here we can then find the investment routes that are most suited to you.
*This article does not constitute financial advice. Slater financial strongly advises you to seek professional advice before making any financial decisions.*