My eighty five year old mother has recently inherited significant assets from my father. The assets are mainly comprised of property, shares, pension,a business debt and bank accounts.
One of the shareholdings has been compulsorily sold and she now has a very significant sum to invest in a low risk investment/ account. She needs advice on what to do with the money and a recommendation on a good completely independent financial adviser she could contact or that I could contact on her behalf (I have authority). She does not need to touch the lump sum at the moment as she has enough to live on with the pension and bank accounts but may possibly need access to some of the money if she required expensive nursing care at home or in a nursing home. She has a health policy of she needs care in a hospital. She doesn't want to lose any of the money so any investment would need to be secure and low risk. I would appreciate your advice.
One of the shareholdings has been compulsorily sold and she now has a very significant sum to invest in a low risk investment/ account. She needs advice on what to do with the money and a recommendation on a good completely independent financial adviser she could contact or that I could contact on her behalf (I have authority). She does not need to touch the lump sum at the moment as she has enough to live on with the pension and bank accounts but may possibly need access to some of the money if she required expensive nursing care at home or in a nursing home. She has a health policy of she needs care in a hospital. She doesn't want to lose any of the money so any investment would need to be secure and low risk. I would appreciate your advice.