About the Business
We are an independent financial planning firm based at the Mandale Business Park in Belmont, Durham. We offer advice and guidance across the North East, serving the needs of clients in County Durham, Tyneside, Teesside and Northumberland, as well as further afield.
Established by Chartered Financial Planner Chris Breward in March 2012, Wealth of Advice offers solutions across a vast range of services, from retirement planning to mortgage advice.
We believe in providing our clients with the best possible financial advice, tailored specifically to their situation and lifestyle. It’s not just about selling a product or a service – it has to be right for them.
Business Services
Estate Planning
We all want to pass on our wealth to our family, but without astute planning, more of your money will find its way to the taxman rather than your nearest and dearest.
Nobody can predict what may happen tomorrow, and should you pass away prematurely, your assets may not be distributed to loved ones in the way that you would prefer. Despite this, estate planning is often considered to be a form of financial planning that is sorted in later life, regularly neglected or put off by younger generations.
In truth, planning your estate safeguards your family from sudden misfortune, ensuring that they are financially stable when you are gone.
Wills are central to estate planning, controlling how your assets are distributed. Without a legitimate will in place, your family may not receive the assets they expect, bringing about more stress and frustration at an already emotional time. Through will writing, we can help you set up trusts for your children and protect your property.
We can also help you establish Lasting Power of Attorney, guaranteeing that your finances and affairs are controlled by a nominated member of your family should you no longer be capable of managing your money due to accident or illness.
Wealth of Advice is well placed to advise you on how to mitigate potential Inheritance Tax payments, be it through the awarding of gifts or particular forms of investment. Estate planning essentially allows more of your wealth to be distributed to those you care about, rather than seeing substantial sums taken by the taxman.
Time is of the essence, so act now to futureproof your family and your funds.
Retirement Planning
Making the most of your retirement requires no small amount of forward planning.
To enjoy a comfortable lifestyle upon leaving work for the final time, it makes sense to plan early.
Whatever you hope to get from your golden years – a Caribbean cruise, a holiday home in the Cotswolds or simple financial security – we can work with you to draw up a solution tailored to your desired lifestyle.
It is important to consider all of the options available to you at this stage. We can guide you through all of the jargon and the legislation, and help you determine just how much money you will need to retire and live your ideal life. We can talk you through how your pension is treated as income and taxed accordingly, and which solutions are right for you.
We’ll identify the route that will maximise your returns whilst minimising the tax you will pay, helping you make the very most of your retirement years.
Wealth of Advice specialise in retirement planning and pension advice. Whether you require a pension annuity, a drawdown pension or are looking to withdraw a lump sum from your pot, we can advise you on the right course of action to take.
The recently introduced legislation on pension freedoms has opened up a number of avenues that were not available to previous generations, giving retirees an unprecedented amount of flexibility regarding their pensions.
Location & Hours
Unit 3 Mandale Park
Durham, DH1 1TH
