As I write there have been a few tweets this morning about managers of active funds using index or passive structures for their own investments.
Not earth-shattering news probably, but does make you really question the real worth of active management at those prices if those who do it, won’t pay!
The thread of the tweets led on to question further where the current CEO’s of investment platforms invest their own money.
Do they put their own money where their mouths are?
We await the answer to that particularly thorny question…
All this idle speculation did lead me to consider whether or not these CEO’s (or fund managers for that matter) had actually submitted themselves for some financial planning in the first place.
One question begets another as they say. What would these CEO’s or fund managers actually consider as financial planning?
Would they approach their local bank manager, accountant, solicitor or would they seek out advice from within their own industry?
Would a plain ordinary IFA be the port of call or do they require something a bit more in keeping with their status?
Wealth Management (our current transatlantic term of choice) sounds so much more sexy and enticing than plain-jane Financial Planning and might be sufficiently high brow enough to attract the CEO, but what is it?
Well…its Financial Planning I think.
Which is what we do here. I had a discussion with Malcolm our Client Project Manager today about what Wealth Management actually means and we’ve agreed it’s Financial Planning.
It’s the heart of providing elegant, efficient solutions to making sure you get the best from your money, making sure it goes to the right people when you’ve gone, and that your family won’t be compromised if you die early.
Tax efficiency and legal structures that avoid challenge are provided too.
In other words, a Financial Planning service that takes care of all your current needs and will adapt as your circumstances change in time.
We won’t be getting to carried away with changing our terminology on the website but for all you CEO’s and fund managers out there, before you get concerned about active v passive or if you should put your own money onto your own platform, please see us for some Wealth Management or our particular version which we like to call Financial Planning.
Oliver Asset Management. We do Financial Planning.
Roland Oliver