Portfolio Approach to Insurance. Protecting your assets.

Why a ‘Portfolio Approach’ to Insurance Should be a Key Part of Your Financial Planning

According to Nowell & Richards, independent advisors who provide tailored insurance solutions for high net worth individuals, a ‘portfolio approach’ to insurance should be a key part of your financial planning.

Read the full article by Nowell & Richards below:

Anyone who has achieved significant personal wealth will usually have a wide variety of tangible assets to consider as part of diligent financial planning.

If you own multiple homes, a collection of cars, works of art or designer jewellery and watches; you’ll no doubt appreciate their value. Surprisingly, arranging insurance that’s appropriate and fit for purpose is often overlooked.  

Utilising the services of a specialist insurance broker can alleviate the burden of purchasing appropriate insurance.  In addition, a broker can usually save you money and secure better terms of protection by placing all of your assets with one specialist insurance provider.

Known as adopting a ‘portfolio’ approach to insurance, this can be one of the best ways to safeguard your personal wealth.

In the event of a claim, a tailored insurance policy will provide all the protection you’d expect. It can also help to minimise the risks posed by:

  • The ‘small print’ – warranties & clauses
  • Under-insurance – and its financial penalties
  • Assets increasing in value – cars, art, watches & jewellery
  • New acquisitions – instant 90-day cover for new homes, cars, assets
  • Lack of certainty – via an ‘agreed values’ approach

Having provided independent and impartial advice since 1976, Nowell & Richards are one of the UK’s leading brokers specialising in tailored insurance incorporating a ‘portfolio’ approach. They currently advise a wide range of high net worth individuals – including successful corporate business leaders, entrepreneurs and professional sports stars – to ensure their cherished assets are fully protected.

As their clients have complex portfolios spanning different asset classes and countries, they conduct in-depth risk consultations so that they can fully understand exactly what insurance cover your assets and lifestyle require.

Putting your trust in a broker like Nowell & Richards will give you access to a broad market of specialist insurers, rather than one or two providers. They will then tailor a ‘portfolio’ policy to meet your exact requirements, giving you the most appropriate cover and complete peace of mind.

Your dedicated Private Client Executive will manage your account and take care of everything on your behalf, dealing directly with insurers and acting as a first port of call in the event of a claim.

As an independent advisor they will aim to build a personal relationship and understand your lifestyle in order to identify any assets or potential risks which need specialist cover, before recommending an insurance solution that’s best suited to you.

If you’d like more information about this ‘portfolio’ approach to insurance or you’d like to review your current arrangements, visit www.nowellandrichards.co.uk or call 01785 255514 for free expert advice.


Other notes and risk warnings

This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.

Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.

Donald Wealth Management is a trading style of Donald Asset Management Limited which is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FRN: 223784). Donald Asset Management Limited is registered in England and Wales under Company No. 4675082. The registered office address of the Firm is: Stable End, 12 Heather Court Gardens, Four Oaks, West Midlands, B74 2ST.