Financial Planning

Financial Planning Explained

Financial Planning is the process which aims to bring meaning to your money. This is done by setting investment goals to help you realise your ambitions for your investments, whatever they may be. This final overlay within our service helps you stay on track.

As your financial affairs get more complicated, the value and importance of truly comprehensive advice grows. Our holistic financial planning service incorporates multiple areas of advice to ensure the advice you receive is suitable for you and your financial plans.

Here are some different areas of planning that we do on a regular basis to help our clients:

Goal-Based Planning

Investing is often what we do with what we have left over. This is ok when starting out, but with the complications of real life we often have too many needs and wants for a given budget. As we get older the amount left over falls over time. This is why we employ goal-based planning into our advice. We will talk to you about what you are hoping to achieve, and by when.

We will then factor in the effects of inflation and help you identify how much you should be investing to meet your needs. This reprioritises your investing, builds it into your budget and through our annual review service, we will update this in line with how your investments have been performing to make sure you stay on track and ensures your investments give you what you need.

Tax Planning

Wherever possible we build tax efficiency into our wealth planning for clients. Saving unnecessary tax means extra risk our clients don’t have to take for the same level of profit. For the right clients we implement tax advantaged investments and less common account types such as offshore bonds to further maximise reliefs and allowances and concentrate more wealth into tax free environments.

We will factor in the extra risk and reduced access to capital to maintain the sustainability of a client’s finances when undergoing this planning. This helps us give our clients every opportunity to reduce their income tax, future capital gains taxes and inheritance taxes.

Retirement Planning

Good retirement planning is essential for a secure and fulfilling post-career life. We can help you feel comfortable that you are on track to maintain your desired standard of living without financial stress. With longer life expectancies, it’s crucial to save enough to sustain yourself for potentially decades after you retire.

Cashflow forecasting allows us to factor in growth rates, inflation rates, your different retirement plans, and stress test market crashes to help identify any shortfalls early on. With our retirement planning offering you are in the best place possible to enjoy your golden years with peace of mind, pursuing your passions and dreams without worrying about money.

Estate Planning

Making sure your assets are passed through to those you wish, in the way you want them to, whilst also being tax efficient is no easy task. We aim to understand clients’ preferences across flexibility, control, and tax efficiency.

We can use a variety of investment and trust structures to help finesse a plan to help pass on wealth to the next generation easily and tax efficiently. At the same time, you can still retain the benefit to the assets to better live the rest of your life in financial comfort.

Intergenerational Wealth Management

The first-time estate planning becomes a need for the family, is often not the last. With each generation more and more assets accumulate and so for some, a longer-term intergenerational plan is needed so each generation is more financially comfortable than the next.

Intergenerational planning can help identify what is a sustainable amount each family member can withdraw from an investment pot whilst ensuring the long term sustainability of the family wealth.

Business Sale Planning

Perhaps you are a business owner or you are planning a sale of a significant asset. This is likely to come with tax liabilities, a loss of income and a need to ensure the proceeds are enough to sustain you and achieve your future goals. All of which require planning and ongoing assessment to identify the best route.

Offshore Planning

For those that plan to take some time out of the UK, or plan to leave entirely, there are often a number of considerations to make around how to structure your wealth to assist any transitions to another jurisdiction.

School Fees Planning

Private education for your children is a significant commitment. For many it means making certain sacrifices and good planning can help you realise the different options you have to support school fees and protect the payment of these should things go wrong by exploring contingency plans. Often good school fee planning starts many years before the first fees are due.