Guide · Inheritance
Inherited £100k: what should you do?
£100,000 can materially change a household balance sheet, but it does not automatically mean you need a permanent wealth-management service.
Decide what the money needs to do
Before choosing investments, decide whether the inheritance is meant to strengthen cash reserves, reduce debt, fund future spending, improve retirement security or support several goals.
Do you need an adviser for £100k?
It depends on complexity and confidence rather than the number alone. One-off advice may be enough if you want a personalised plan but do not need ongoing management. Some ongoing advice firms also have minimum asset levels, so check fit before booking.
Watch minimum fees
A percentage can look modest on £100,000, but some firms operate a minimum annual fee. Ask for the actual cash cost and whether a one-off service is available.
Useful questions
What would you recommend I keep in cash?Liquidity is part of the plan, not a failure to invest.
What would the total annual cost be?Include advice, platform and investments.
Do I need ongoing advice?Ask what recurring problem the annual service solves.
What happens if I decide to manage it myself later?Understand the exit process.
Sources & further reading