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FINANCIAL PLANNING
The purpose of financial planning is to help you achieve your goals in life. Most people have not planned their lives, just ending up where they are.
But how many times have you heard successful people talk about their plans or visualising their success?
Planning works. Our job as planners is to show you how the decisions you make now can shape your future and help you to achieve your ambitions.
Felicity and John Guy (client names changed) had no idea how much money they needed to retire with the lifestyle they wanted. Together we created a plan for them showing that even if they were more extravagant than they would normally be they should not run out of money. As a consequence they were able to reduce their investment risk.
Your goals form the basis of your financial plan
We begin with an in depth discovery meeting to find out what it is that really drives you. Many people have never thought about this deeply before so it should be an enjoyable experience where you might gain as much insight about yourself as we do. By the end of the meeting we should understand your goals in life and they will form the basis of your financial plan.
We create a financial model of your current situation
The second part of the process is the number crunching and research we do behind the scenes. We already know where you’re headed – your goals – so we need to find out where you are now. This is a quantitative exercise where we create a financial model based on your current situation.
Designing a plan to achieve your goals
Now we design a financial plan to achieve your goals. We will run different scenarios through the plan in order to investigate different life choices. We will then go through the plan together including lifetime cash flow projections showing the implications of the different choices you make. We can provide answers to questions such as “If I privately educate my children, will I still be able to retire at 60?” Then you decide which path to take.
Putting the plan into action
Your plan can be thought of as a package of individual needs to be carried out in sequence. When it comes to choosing products and implementing your plan we remain completely independent.
Since we have already designed your plan together, everything we do now is making progress towards your objectives.
Ongoing financial planning and care
Once we have created your plan and set you on the right path, we need to review it regularly. Your goals may evolve, priorities and circumstances change and of course we’re here to help you deal with the unexpected too.
One of our most important jobs is simply to stop you from making the financial mistakes most people make – human nature is the biggest impediment to successful financial planning.
We are proactive in looking after your finances but we are also available to help and advise whenever you might call upon us.
The value of investments and income from them may go down. You may not get back the original amount invested.
Ongoing financial planning and care
Once we have created your plan and set you on the right path, we need to review it regularly. Your goals may evolve, priorities and circumstances change and of course we’re here to help you deal with the unexpected too.
One of our most important jobs is simply to stop you from making the financial mistakes most people make – human nature is the biggest impediment to successful financial planning.
We are proactive in looking after your finances but we are also available to help and advise whenever you might call upon us.
The value of investments and income from them may go down. You may not get back the original amount invested.
Free financial planning
CONSULTATION
Speak to an adviser who will assess your objectives, current position, and help you plan a course of action. It’s also an opportunity for you to get to know us before deciding to engage our services. You can ask as many questions as you need. Your first meeting with us where we will discuss the ways in which we might help you is free of charge. Contact us today to book an appointment.
We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with TenetConnect Ltd, and may require us to share it with Radcliffe & Newlands Estate Planning Ltd. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy.
Email communications are not secure. For this reason Radcliffe & Newlands cannot guarantee the security of the email or its contents or that it remains virus free once sent.
