Financial Planning is an ongoing process where we take a holistic view of your finances and put in place a strategy to help you make financial decisions to achieve your goals; there is more to it than just buying products like a pension or a stocks & shares ISA.
It might involve building a sophisticated cash flow forecast so you can visualise your future so we help answer difficult questions such as; how much income will you require in retirement to support your lifestyle? Can you afford to pay for your grandchildren’s school fees?
We aim to:
Protect your existing lifestyle – Your immediate concern should always be to protect your current situation from whatever might happen, so that should the worst happen, you are at least financially strong.
Plan for the future – Once you are secure in your current situation you can plan for the future, through savings for specific events and pension planning.
Grow your existing assets – Only when your future is secure can you start to build on your investments.
Ensure your plans are tax efficient – You should ensure that your plans do not adversely affect your tax situation and you are making the most of the allowances available to you.
Financial Planning involves thinking about all of these things together and putting them into a plan. Even if your needs aren’t complex you might want the help of a Financial Planner to give you peace of mind.