Understanding Risk: The Brigantia Approach to Crafting Your Financial Future
8th March 2024
In the realm of financial planning, accurately assessing a client's risk appetite is not just a preliminary step; it's the foundation upon which secure, prosperous futures are built. Yet, in an industry that's increasingly complex and nuanced, the importance of this process is often undervalued, with some advisers opting for a cursory approach that barely scratches the surface of true risk assessment.
At Brigantia Private Wealth Management, we diverge significantly from this all-too-common practice. Recognising that each client's financial journey is unique, we delve deep into understanding not just their risk appetite but also their capacity for loss, time horizon, and existing financial landscape.
Beyond the Questionnaire: A Holistic Approach
While a questionnaire can offer initial insights, it's the in-depth discussions about a client's experience, goals, and potential reactions to market volatility that truly illuminate their financial disposition. This dialogue forms the crux of our approach, ensuring that we fully comprehend every facet of our clients' financial personalities.
Capacity for Loss and Time Horizon
A client's capacity for loss and the time horizon for their investments are pivotal considerations. For instance, an individual with an adventurous risk appetite but without a safety net may need a more balanced approach to safeguard their future. Conversely, a long-term investment horizon can sometimes afford a higher risk level, provided it aligns with the client's overall financial strategy.
Considering the Whole Financial Picture
A comprehensive portfolio isn't just about the new investments; it's about how these additions interact with and complement existing holdings. Whether a client’s current portfolio leans towards the adventurous or the cautious, these elements play a critical role in tailoring a strategy that's truly personalised.
The Pitfalls of the "One-Size-Fits-All" Approach
The international financial advice market is unfortunately rife with advisers who opt for the path of least resistance, categorising clients based on cursory assessments and, in some cases, prioritising commission over client welfare. This not only undermines the client's trust but can have long-lasting negative impacts on their financial well-being.
Why Brigantia Stands Apart
At Brigantia, our commitment is to our clients—first and foremost. Our process is meticulous and thoughtful, ensuring that every recommendation we make is grounded in a comprehensive understanding of who our clients are and what they aspire to achieve. We reject the notion of "tick-box" advisory practices, instead embracing a philosophy that values depth, understanding, and genuine client-focused service.
We invite those seeking a partner in navigating the complexities of financial planning to reach out. With Brigantia, you're not just getting an adviser; you're gaining an ally dedicated to your financial success and security.
Contact us for a consultation that respects your individuality and prioritises your future.
While a questionnaire can offer initial insights, it's the in-depth discussions about a client's experience, goals, and potential reactions to market volatility that truly illuminate their financial disposition. This dialogue forms the crux of our approach, ensuring that we fully comprehend every facet of our clients' financial personalities.
Capacity for Loss and Time Horizon
A client's capacity for loss and the time horizon for their investments are pivotal considerations. For instance, an individual with an adventurous risk appetite but without a safety net may need a more balanced approach to safeguard their future. Conversely, a long-term investment horizon can sometimes afford a higher risk level, provided it aligns with the client's overall financial strategy.
Considering the Whole Financial Picture
A comprehensive portfolio isn't just about the new investments; it's about how these additions interact with and complement existing holdings. Whether a client’s current portfolio leans towards the adventurous or the cautious, these elements play a critical role in tailoring a strategy that's truly personalised.
The Pitfalls of the "One-Size-Fits-All" Approach
The international financial advice market is unfortunately rife with advisers who opt for the path of least resistance, categorising clients based on cursory assessments and, in some cases, prioritising commission over client welfare. This not only undermines the client's trust but can have long-lasting negative impacts on their financial well-being.
Why Brigantia Stands Apart
At Brigantia, our commitment is to our clients—first and foremost. Our process is meticulous and thoughtful, ensuring that every recommendation we make is grounded in a comprehensive understanding of who our clients are and what they aspire to achieve. We reject the notion of "tick-box" advisory practices, instead embracing a philosophy that values depth, understanding, and genuine client-focused service.
We invite those seeking a partner in navigating the complexities of financial planning to reach out. With Brigantia, you're not just getting an adviser; you're gaining an ally dedicated to your financial success and security.
Contact us for a consultation that respects your individuality and prioritises your future.