Fiducia Wealth Management
Posted in Investing on 01.12.12

Gold is often seen by many as a cautious investment safety net, and kept aside from their investable wealth. However, the majority of people have not considered re-valuing their gold for insurance purposes, most of which is in the form of personal items such as jewellery.

The replacement cost of lost or stolen gold jewellery has risen dramatically as the price of gold has climbed, but their insurance is likely to be based on a 5 year old valuation and vastly underinsured, leaving the client with an unexpected, and avoidable, expense to replace the loss.

Simon Bonnett, of Fiducia Wealth Management in Colchester, observes ‘When we create a financial strategy for clients, it is important to consider their non-investable wealth from both a value and replacement cost perspective. We have observed that clients often underestimate value, and many simply have not considered the true, current cost of replacing a gold item. We believe in providing a regular total wealth assessment, which means considering an individual and their wealth (in whatever form it comes) at their true, current value, and insuring appropriately.’

Fiducia are keen to make sure clients insure their wealth (including gold items) correctly.

If you would like to know more about how we as Financial Advisers can help you set, plan and achieve your financial goals then financial planning section of  our website: Financial Planning or send us email at: email@fiduciawealth.co.uk

The information contained in website is for guidance only and does not constitute advice which should be sought before taking any action or inaction. The information is based on our understanding of legislation, whether proposed or in force, and market practice at the time of writing. Levels, bases and reliefs from taxation may be subject to change. Accordingly no responsibility can be assumed by Fiducia Wealth Management Limited, or any associated companies or persons, its officers or its employees, for any loss occasioned in connection with the content hereof and any such action or inaction. Professional financial advice is necessary for every case.

Fiducia are an award winning firm of Financial Advisers based in Dedham near Colchester situated in the heart of Constable Country on the Essex Suffolk border. www.fiduciawealth.co.uk

Fiducia Wealth Management Ltd. Dedham Hall Business Centre, Brook Street, Dedham, Colchester, Essex, CO7 6AD.

Fiducia Wealth Management Ltd. is authorised and regulated by the Financial Conduct Authority. FCA No. 408210

Fiducia Wealth Management
Posted in Investing on 01.12.12