How much could I expect to make a year on 380k invested?

[SharonFromAccounts]

It'll be invested with a wealth management company who we know. It'll be invested relatively cautiously so no AIMS stuff or high risk - low to medium risk investments

We'd like to take some money from it each year - what would you guess to be the amount it will make? Financial advisor obviously would not be drawn too much!

5% pa.

Really depends on the funds and stocks in their investment strategy. HSBC usually forms a large part of income funds’ portfolios as they currently guarantee a dividend; just depends on what risk rating your manager has attached to the company. I currently get approx 1k per year on approx 4000 shares. At a share price of 5.50, 100k would buy you roughly 18k shares - so you could get 4k per year for every 100k you invest there. That 4k could be spent as income or reinvested into something else.

Then of course there are funds which are a slightly safer bet than direct shares, and could be preferred by your manager if they plan to be fairly hands off. For low / minimal risk returns will be fairly low - 5-10%.

I think 5% is optimistic. If you use an advisor they will charge a percentage too. Plus you'll pay tax. I had £500k invested thru a financial manager and never withdrew any money and the only thing that made any real money was an off shore bond, which increased by 30% in five years. I then cashed it all in, bought a small house and made £100k (25% return on investment in two years) when I sold it, with the tenants rent covering the stamp duty and all expenses. So unless you are very savvy with the stock market I wouldn't invest in it. I know the property market so that's where I put my money.

The figure widely accepted to provide sustainable income is 4%. However it is the asset mix that really determines this.

If you have more equity, this is achieved more easily, if you have more Fixed Income, it will be less.

Your use of the word ‘risk’ would concern me, you need more guidance on the types of risk as you are conflating several types in your OP. Clearly that might just be a summary, but I would be drilling down in to that.

Make sure you ask about charges. And for goodness sake DO NOT invest with St James’s Place. They are just a marketing machine that will take your money. 1.25% a year on going (included in that is the 0.5% adviser charge) PLUS fund fees. You also pay a bid offer spread and then they tie you in for 6 years. Google professional opinion on them.