Financial Planning

We also begin the process of assessing your appetite for risk, need for risk and capacity for loss.

Lifetime Cashflow Modelling is a vital part of what we do here. We use this tool to see into your future, removing some of the guesswork and allowing you to make informed decisions. It will help to identify whether you are on track to achieve your goals and what you need to earn and save, the level of returns needed and how much risk you can afford to take. It also helps to identify any contingency planning needs for ‘life’s unknowns’.

We will carry out in-depth research and analysis to create a robust and thorough Financial Plan, which will incorporate the following areas:

• Wealth Structure: How best to structure your wealth to meet your current and future lifestyle goals. This will include a review of your existing money purchase pensions, investments, ISAs and cash deposits.
• Investment Strategy: How best to structure your investable assets to manage risk and maximise returns to help increase the likelihood of achieving your goals and aspirations.
• Tax Planning: How best to maximise the use of all available Income Tax, Capital Gains Tax and Inheritance Tax allowances with the view of minimising taxes.
• Contingency Planning: How best to ensure that your wealth can weather the storm through life’s unfortunate events. We will review all your protection needs. Where there is a requirement to engage the services of a solicitor or accountant, we may introduce you to Progeny Law & Tax Limited.

These elements will then culminate into the creation and delivery of a personalised full financial planning report that includes your strategic plan, together with the rationale and evidence to support the suitability of our advice and recommendations.

Our ongoing Advice Service is designed to work with you in an open, transparent and collaborative way. We aim to give you a clear picture of your current position and financial progress based on your stated goals and aspirations.

We will issue a comprehensive Review Meeting Report covering our discussions and recommended actions. In this, we will cover:

Utilising available allowances, legislative changes, Income Tax planning, Capital Gains Tax planning and Inheritance Tax planning.

Reappraisal of the ongoing suitability of existing plans.

Any top-ups to existing ISAs, pensions and investments that we may recommend.

Finally, where required, we will liaise with your accountant and/or solicitor.