Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
From Success to Security: Why Professionals Need a Wealth Strategy, Not Just Investments
Moneymagpie Team
20th Oct 2025
Getting the most out of your wealth means not just accumulating as much as possible, but also distributing it and securing it in a way that will lead to long-term prosperity, and help you to absorb any bumps there might be in the road.
Beyond Investments
You might elect to pick a particular sort of asset, and to buy as much as possible of it. These might be shares, bonds, commodities, or particular funds that seem attractive.
The risk is that these assets might depreciate, as well as appreciate. In order to battle the uncertainty, and mitigate the risk, it’s vital that you come up with a cohesive wealth strategy.
Risk and Reward
A good strategy should be calibrated according to your appetite for risk, and your ability to absorb short-term losses in pursuit of long-term gain. Seeking specialist support from a wealth management company will allow you to adjust your approach precisely, and to avoid assuming risk without realising it.
Of course, some kinds of investment are inherently more risky than others. Certain obscure crypto coins, for example, are at high risk of seeing their value collapse to zero. That doesn’t mean that we should avoid picking them up, necessarily: it’s just that a well-calibrated strategy should account for this volatility, and only pick these assets up when the vision of the investor calls for them.
The Holistic Approach to Wealth
Of course, simply building as much wealth as possible is only one objective. For most people, however, a good plan should also incorporate other factors, including personal ambitions and lifestyle goals. If you intend to retire in twenty years, or go on a major holiday every five years, then your plans should bear this objective in mind. You’ll also need to be conscious of your tax obligations, and how different kinds of wealth might incur different levels of taxation.
Turning Success Into Security
A good wealth manager will be able to help build stability over time, through careful planning and risk management, tax optimisations, and disciplined investing. In this way, you can move away from the world of short-term gain, which might undermine the objectives you’re pursuing over months and years.
Of course, the best source of stability is a periodic review. A plan isn’t just composed once and then abandoned, but revised constantly in view of the changing financial circumstances.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence
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