Wealth management is a collective word that encompasses overall financial planning to ensure that, during your active working life, your risk exposure as far as death, disability and medical well-being for you and your family are concerned is adequately covered. Additionally, wealth management incorporates a retirement and investment analysis to ensure that, during your later years, you can enjoy a financially secure and comfortable retirement.

How then do I establish exactly what my needs for insurance protection are?

A personal and confidential financial analysis would reveal the strengths and weaknesses in your current portfolio.

How do I know what amount of money I need to retire on?

An evaluation of your current retirement planning in respect of your pension or provident fund and retirement policies should be undertaken to establish their adequacy in meeting your requirements.

What sorts of investments are best? I’m nervous about the stock exchange.

As part of an evaluation, we would establish your risk tolerance. This would enable us to ascertain how much exposure to the various asset classes in respect of equities, property, cash and bonds you would be comfortable with, bearing in mind your objective of accumulating wealth.

Is my money safe with RBS?

Your investments would, in fact, not be invested with RBS but with an asset-management company. The financial analysis would determine which investments you should be holding to match your current and future liabilities.