At Carrick Wealth, our offering extends beyond investment. We strive to provide additional essential solutions to diversify and grow your portfolio.
CARRICK INTERNATIONAL PROPERTY
Diversify your portfolio and explore investing in international property with access to secure, high-growth and developed property jurisdictions.
Gain access to foreign exchange solutions that provide fast, secure, and cost-effective access to foreign currencies.
Optimise and grow your investments with Private Wealth Managers dedicated to helping you get the most out of your wealth.
CARRICK GLOBAL WEALTH LIMITED
Comprehensive wealth management and financial advisory services, for British citizens and others currently working or residing in the UK.
Join a community of like-minded women and take charge of your financial future by building goal-based investment plan.
ADVICE & COMMENTS, GENERAL INTEREST, LATEST ARTICLES, READ
Are you losing half your pension growth to high fees?
Many investors remain uncertain as to whether their investments are aligned with their retirement needs, and how much they are losing to high fees.
Would you be able to give a conclusive answer if you had to explain the finer details of your offshore investment portfolio?
• What are the fees charged on your portfolio, but more to the point, what is the net impact of the fees compared to the growth on your portfolio?
• Is the overall performance and growth in line with your expectations?
• Is the overall performance in line with your actual needs?
• In which funds is your money invested?
• Do those funds match your appetite for risk and did the adviser conduct a thorough psychometric risk profile test before investing?
These are important questions to ask yourself and it is advisable to talk to your financial adviser if you don’t know.
See for instance below how the Carrick Wealth Balanced portfolio compares to a market-related Balanced portfolio and the long-term effect of fees and growth percentage on the amount invested. Over a ten-year period, the Carrick portfolio, factoring in fees and growth, increased by more than 31%, while the other portfolio showed 7.4% growth.
What should you expect from your financial adviser?
A good adviser will paint you a clear picture of how your investments are performing, and will do so routinely while checking in on your current financial situation. Being aware of factors like fund growth and fees is crucial, especially for a long-term investment like retirement savings that will determine your income and quality of life in your later years.
Your investments should mirror your expectations and personal situation, so it doesn’t make financial sense for money that you intend to use later in life to reside in a high-risk fund with exorbitant fees. It’s why it’s imperative that your financial adviser knows your financial aspirations, understands your attitude towards risk and continues to foster the relationship on an ongoing basis. It’s something we at Carrick Wealth are particularly passionate about.
Do you know if your current investments are aligned with your financial aspirations and needs when you retire? If not, it’s time to talk to an adviser that can give you the answers.
At Carrick we make sure you understand where your money is invested and exactly how much you are charged for these services. It’s one of the reasons we are considered the leading offshore investment advisory firm in South Africa.
We get second opinions on everything in life, why not on your investments? Click here and one of our advisers can answer your investment questions.
Week in Review: Fed Doesn’t Blink Despite Banking Turmoil
The most closely watched event of the week was the conclusion of the Federal Open Market Committee’s (FOMC) meeting on Wednesday. As expected, the FOMC raised interest rates by 0.25%
Week in Review: Banking Turmoil Rattles Markets
The failure of Silicon Valley Bank (SVB) last Friday set off a wave of investor fears that further collapses in banks would follow. Another large regional bank, New York’s Signature
Week in Review: China’s Post-Covid Recovery Shows Strong Progress
China’s National Bureau of Statistics (NBS) reported that the manufacturing purchasing managers’ index (PMI) rose to 52.6 in February from 50.1 in January, above the 50-point mark that separates expansion