Guide to Investing

Creating and maintaining the right investment strategy plays a vital role in securing your financial future. Whether you are looking to invest for income or growth, we can provide the quality advice, comprehensive investment solutions and ongoing service to help you achieve
your financial goals.

Whatever stage of life you’ve reached and whatever your plans are, you’ll want your money to earn the best return possible without taking undue risk. That’s why it’s important to invest in a way that’s right for you and that will meet your goals.

Here a few handy tips to being smarter when investing:

  1. Why are you investing?

Your reasons for investing should be reflected in how you invest it. Sounds obvious, but if you’re looking to save for retirement, you’d approach it differently than if you were looking to save for your children’s education or a home in the sun.

  1. How long are you looking to be invested?

Some investment products are better than other for accessibility. So, if you’re just saving for a rainy day rather than something in the distant future, you should be looking to invest your money very differently.

  • Short term investments are general up to 5 years.
  • Medium term investments are anywhere between 5-10 years.
  • Long term investments are anything higher than 10 years.
  1. Make a well structured plan.

When you’ve decided what you’re willing and able to invest and for how long, you need to establish where you’re going to invest it and which products suit your needs. There is nothing to stop you from spreading your investments around and mixing risk or duration.

  1. Balance your portfolio.

Having a balanced and diverse portfolio can potentially protect you from ups and downs in the market. Different types of investments perform better with different economic climates so doing your research is key, you can do this by choosing different products, countries, market, industries or companies.

  1. Are you making the most of your tax allowance?

As well as deciding what to invest in, think about how you’ll hold your investments. Some types of tax-efficient account mean you can normally keep more of the returns you make. It’s always worth thinking about whether you’re making the most of your tax allowances too.

  1. Review your portfolio.

As time goes on, your attitudes, knowledge and goals will change and that’s fine! Just make sure that you manage your portfolio accordingly. If you become aware of changes in the market or in legislation, make changes in your portfolio to compliment these. You get out of it what you put in and that goes for time and effort just as much as the actual capital.

Seeking professional and personalized advice is always recommended. Your financial needs and circumstances are completely individual to you and you should treat them as such by seeking advice from an investment professional. Independent financial advisers have the ability to recommend products from all areas of the financial market and will provide you with a clear guide to establishing everything you need to make a smart investment that suits you.

Want more information? Check out our “Guide to Investing” in our Resource Center on

Need help, advice or want to arrange a meeting? call us on 01752 207070 or send us an email at

EPISODE 2 Video Blog With Chartered Financial Planner, Simon Lake

We would like to share the second installment of our new video blog starring our very own Chartered Financial Planner, Simon Lake (and his dog Mog Mog). Click the link below to view episode 2; Simon talks about the risks and pitfalls of underestimating the appropriate level of life cover to have in place when looking to protect your family. You can also view it via our Facebook and Twitter pages!

We are keen for this to be an interactive experience for all.

We want your feedback and if you wish Simon to cover a particular topic for a future episode please get in touch by letting us know via Facebook or Twitter.

Need help, advice or want to arrange a meeting? call us on 01752 207070 or send us an email at

Did you miss Episode 1? Check it out below!

Look out for the next installment, coming soon!

Key things to do in your 20s and 30s so you retire wealthier

In your 20s and 30s, you possess one of the most valuable assets to retiring rich — time, and although it’s not in the fore front of most of your minds, contributions to a retirement account at this age will provide a lifetime worth of growth. Even minor contributions during your 20s and 30s will create a higher pay out in retirement than if you were to make bigger contributions in your 40s and 50s.

Luckily for most 20 and 30 year olds, your minor contributions (which can potentially help you reach £1 million or more by the time you retire) don’t even have to come out of your pocket, with workplace pensions, your small contributions can build to something substantial in the long run.

Here are a few other ideas for this era of your life.

Increase your financial knowledge

Take a course, go to a seminar or engage in a professional opportunity that will help you gain financial skills and knowledge. Not only will it give your resume a competitive edge, but it will also contribute to your preparations for a secure retirement. Financial know-how is not something all young adults have access to, therefore motivation is needed to learn about it. Did you know that at least one-third of companies offer employees access to financial advisers who can help them in their investments and wealth management planning?

The more knowledge you have, the easier it will be to make solid, informed decisions.

Make a plan where saving for retirement is a priority

Although rent, student-loan debt and living expenses may make it seem impossible to save for retirement, and not be a priority for you right now, a little does truly go a long way. The ideal savings rate would be about 10%-15% of your annual pay for retirement, but if that seems challenging, start small and work your way up saving more each month. Try to make saving automatic so that the money does not even reach your bank account from your pay check — it’s sent directly to a retirement account.

Enrol in your employer’s workplace pension scheme

Every employer, in the UK, with at least 1 member of staff are now required to provide their employees with a workplace pension, if they meet the qualifying criteria. Your employer with contribute to a pension for you, matching the contribution you make from your pay. If you work in the UK, are aged between 22 and state pension age and earn more than £10,000, you qualify and should make sure that you opt-in. Despite losing some of your income every pay-check (you do get it back eventually, don’t worry), the value of having that little bit extra in your retirement is far greater than having it right now.

Not Just Another Chartered Financial Planner – Episode 1

We would like to introduce Simon Lake! Sound Financial’s own Chartered Financial Planner and episode 1 of his new video blog. This episode explores the world of personal finance with help from Mog Mog the dog.

Each episode will cover different aspects of financial planning.

Want to get in touch for advice or to let us know what you think? Contact us via our website, Facebook, Twitter, email or just give us a call on 01752207070

Hello world!

Welcome to the new Sound Financial Management website! We have decided to start writing a blog to communicate with our clients on a more relaxed platform, sharing news, general thoughts and resources that we feel might be of value to our clients and a wider audience. 

We want to encourage interaction with the company and create a better understanding of how we can help people with their finances, so please don’t be scared to get in contact with us with any questions or queries you might have, we are here to help!