Question 1

What is Wealth Management?

Accepted Answer

Wealth management combines financial planning and investment strategy to sustain and grow your wealth. Alongside investment management, it encompasses retirement planning, inheritance tax, and estate planning.

Question 2

What is a Family Office?

Accepted Answer

Very wealthy families sometimes set up their own investment firm to manage their assets (single-family office), and at times also help other families and wealthy individuals (multi-family office).

Question 3

How safe are my assets?

Accepted Answer

Blu does not hold client money. We use several independent investment platforms to efficiently execute, custody, and administer your assets. The assets are segregated, and Blu is only authorised to execute the agreed-upon investment strategy.

Question 4

What are the type of accounts?

Accepted Answer

Depending on your needs and investment strategy, clients can choose to open their accounts on- or offshore, gain access to private banking services, including Lombard lending, or have their SIPPs, ISAs, and general accounts managed as one strategy or separately.

Question 5

How does the onboarding process work?

Accepted Answer

We will facilitate and guide you seamlessly through the application process, ensuring a smooth and straightforward onboarding experience. Our initial fact-finding is combined with some basic information to set up your profile and give you access to the platform.

Question 6

I already have a wealth manager; can I change, and is it difficult?

Accepted Answer

Switching from one provider to another is a straightforward process that is protected under UK law. Blu does not charge any onboarding or upfront fees. There may be fees, sales charges, and penalties that may be exclusive to your former adviser.

Question 7

Can I see my portfolio, and what type of reporting does Blu offer?

Accepted Answer

Clients can see their investment portfolio in real-time by logging onto their online accounts. Portfolio reporting is performed on a consolidated basis for all assets held with the investment platform and can be used for the appropriate tax reporting, as necessary. We also produce a quarterly report outlining investment performance, a quarterly webinar reviewing major market events, and weekly insights into the world of investing.

Question 8

What are the fees?

Accepted Answer

There are three types of fees when managing investments: management fees, custody & transactions fees, and product fees, which will vary depending on the type of strategy and size of assets.

Question 9

Once committed, can I change my mind?

Accepted Answer

Yes, our clients can cancel our contract at any time. All our investments are liquid and can be sold instantly. There are no exit fees.

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