The Wealth advisor
A wealth adviser must be able to analyse and understand all the components of the client's wealth. They must also consider the client's recurring expenditure needs and short-, medium- and long-term projects. They aim to provide advice on their finances and investments. They will monitor the customer's progress regularly to ensure a high-quality relationship.
Balance sheet
A wealth report is a document that aims to draw up a complete and consolidated statement of a client's assets in a single document. It will help to determine whether the financial structure is sound while meeting the client's stated objectives as closely as possible. It will also present the levers for optimisation through pension provision and debt capacity to seize any potential tax opportunities. In this way, customers can immediately understand the benefits they can gain over time by being looked after by their adviser. This tool is ideal at the start of a relationship or when the situation changes little.
The Financial planner
As for the financial planner, they will be called in to help with a specific request or event. They will project all the assets over time according to several pre-established scenarios. They will suggest ways of structuring the assets to make projects more viable while guaranteeing tax efficiency. They will also have to ensure that clients' assets are protected in the event of unforeseen circumstances (work stoppage, death, divorce, market downturn, etc.).
Financial planning
Unlike a balance sheet, financial planning projects a client's wealth over time according to one or more pre-established scenarios. The advantage of this type of expertise is that the impact of a change or decision can be measured accurately over time. The most common case for this type of assessment is retirement. For those who wish to estimate the impact of early retirement or are hesitating between an annuity or capital, financial planning is the ideal tool to help them make a decision.
Estate planning
Estate planning is an area of expertise that lets us visualise how a client's entire estate should be passed on according to the law in the event of death. This allows us to analyse whether the legislation matches the client's wishes when they pass. If this is not the case, possible solutions such as marriage under the ordinary system or a contract, will or inheritance agreement will be set out. Additional information will be added, such as the pension benefits payable on death and the tax treatment applicable to the estate, depending on family relationships.