Earlier this year, The Times and VouchedFor named us as one of the Top Rated financial planning firms in the UK. What makes this accolade particularly gratifying is that it is determined by our clients through the feedback that they provide concerning the quality of our advice.
The overwhelming majority of our clients appreciate our personal service and, when asked, would be happy to introduce us to friends, family, and colleagues.
We’re always thrilled when a client introduces someone to us. Indeed, we welcome this type of introduction and are always delighted to help new clients to understand the benefits of good financial planning.
But when is the right time to introduce someone to us? To help, here are five types of people who are likely to benefit from financial advice. If you know anyone in these situations, we’d appreciate it if you’d introduce them to us!
1. Anyone thinking about retiring, or taking early retirement
Deciding to retire is one of life’s big transitions. If you know someone who has worked for decades and is thinking about moving into a new stage of their life, financial planning can be hugely transformative.
One of the big concerns for anyone considering retirement is “will I have enough?” Retirement could last for 20, 30, or even 40 years, and so it’s perhaps no surprise that individuals want to know that they will be able to maintain the lifestyle they want in this next phase.
We use sophisticated cashflow modelling software to help clients to understand their future. Do they have enough assets to last their lifetime? Can they leave a legacy to their children and grandchildren? And, crucially, can they afford to retire now?
We can also model a range of “what if?” scenarios – market volatility, ill health, tax changes and so on – to give clients reassurance that they can live the life they want even if things don’t go exactly as planned.
2. New parents
Having a baby is a huge life event. It’s also one of the biggest financial commitments a new parent will ever make, with a recent report from the Child Poverty Action Group (CPAG) suggesting that it costs £152,747 for a couple to bring up a child to the age of 18.
New parents have enough sleepless nights without also worrying about what will happen to their family if the unexpected happens. So, it pays for anyone starting or adding to their family to seek professional advice.
From setting up savings for their new baby to ensuring they have the right protection in place, if you know a new parent it’s a great time for them to review their financial position.
3. An individual who owns their own business
Anyone who has run their own business knows how hard and time-consuming it can be. From fulfilling orders to managing staff, long hours and hard work are often part and parcel of the job.
In our experience, looking after personal finances comes way down the priority list of entrepreneurs. They are simply too busy and focused on the success of the business to worry about pensions, savings, and protection.
However, business owners are one of the groups who are most in need of financial planning. They are often saving too little for the future, have insufficient protection for their business and family, and are not making the most of the tax efficiencies that are available.
If you know anyone who runs a business, it can really benefit them to sit down for a chat with one of our experts.
4. People building up their wealth in their 30s or 40s
In our experience, busy people in their 30s and 40s want to be able to enjoy their life now while also preparing for their life after work.
They are often paying a mortgage or other debts, looking to save for their children, increasingly looking after elderly relatives, and anxious about what might befall their family if the unexpected happened.
We can help clients building up wealth to get their finances in order. We can put the right health and income protection in place, ensure they are maximising their tax efficiencies, and planning properly for their future.
Our job is to understand what clients want from life both now and in the future. We can help individuals and couples in their 30s and 40s to identify how their finances will enable them to meet their challenges and achieve their goals.
5. Retired people
Financial planning doesn’t stop at the point someone retires. Indeed, good money management can actually be more important in later life than it is when you’re building up wealth.
Retired clients need the reassurance that they can live the life they want without running out of money. They want to be sure they can afford to pay for later-life care if it is needed. And, they often have concerns about potential Inheritance Tax issues and how to pass on wealth tax-efficiently to their children and grandchildren.
We have wide experience of working with retired clients – and taking advice as parents and children can often smooth the intergenerational transfer of wealth.
Get in touch
We welcome introductions and would be delighted to help a friend, family member, or colleague. If you know anyone who would benefit from our advice, please get in touch with us. Email firstname.lastname@example.org or contact your adviser on 020 3828 8100.
The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.