What is a financial plan?
What is a financial plan?
A exploration to understanding your goals and objectives . An advisor works with you to create an uncomplicated understandable roadmap, identifying your own unique financial goals and tailoring an effective strategy to help you achieve them. An advisor will use analytics, behavioural coaching and cash flow modelling to ensure that you avoid any pitfalls and maximise all of the available opportunities and allowances that you have. We ensure that you are being as tax efficient as possible and can make informed decisions, helping you find the answers to those important questions
A financial advisor can help with things like
- Planning for your retirement
- Investing or saving money
- Making the most of a lump sum of money such as a redundancy payment or an inheritance
- Buying a property or taking out a mortgage
- When your life changes for example, you're starting a family, getting divorced or you've been widowed
Checklist of things to do at your first meeting with an advisor
- Ask lots of questions and make sure you understand everything you are told
- Take time to think about any decisions
- Be prepared to answer questions honestly. A financial advisor will ask you lots of personal questions about your financial plans and personal circumstances so that they can recommend the most suitable products for you
- List your goals before the meeting and make the advisor aware, such as wanting to own a second home before your retire, pay for the children’s school fees, retire by age 60, all will help the planner in building your life strategy.
- Bring along a list of the current employment benefits such as life assurance, critical illness, income protection having these details to hand will help you and you adviser plan the correct strategies to meet your financial planning goals
Frequently asked questions
Yes. Once an advisor has been connected to you, you will receive a mail, further information about the practice and their contact details.
Our on-going advice service includes continuous reviews typically 2-4 times a year which is an opportunity to update your advisor on any changes to your circumstances.
They can then run through your plan to make sure it continues to meet your needs. But please feel free to phone your advisor at any time if your circumstances change and you feel that you need to revise your financial plan.
You can view all your financial information, including your personalised plan, by logging into our secure online client portal 24 hours a day 7 days a week
We recommend you set aside about 45 minutes. If your situation is complex it might take longer than this for your advisor to capture all the information needed to prepare a comprehensive financial plan.
All advisors are FCA registered, prior to your first meeting your advisor will notify you of their name and practice details which can be identified on the UK financial conduct authority website.