How does it work in practice?
We’ve developed a rigorous yet flexible process for building your lifestyle financial plan.
It’s our systematic way of creating the roadmap aimed at getting you from where your are now, to where you want to be – your chapter three.
People often come to us with a specific request, like “I need a pension” or “should I have an ISA?”. And our response is; “hold on, first let’s talk about where you want to get to”. For us, products are secondary; they’re important, but they are a means to an end. And if we’re going to help you reach that end, we need to start by understanding what it looks like.
1. Introductions
This is about getting to know each other. A chance to ask questions, get a feel for who we are and see if we can help you achieve your lifestyle and financial ambitions.
It’s our opportunity to understand where you are now and where you’d like to be in the future. And to start to explain how we’d help create your own chapter three.
2. Setting the scene
It’s time for a more in-depth discovery session, looking closely at what you want to achieve, your lifestyle goals and the financial resources you currently have.
We’ll be gathering intelligence to start building your lifestyle financial plan, identifying what we need to do to create your own chapter three.
3. Creating structure
Planning is our favourite part of the process.
We produce a comprehensive, robust plan of the journey from your current financial situation to a potential future one, mapping it to how you want your life to look. We test alternative life goals via ‘what-if’ scenarios, and build an in-depth strategic roadmap that’s bespoke to you.
4. Building in action
A plan without action is just a piece of paper. Now it’s time to implement the recommendations we’ve built into your plan.
Some will be immediate, others ongoing. This is where you start to see the rewards of our work together. We’ll use our expertise to ensure that everything we do on your behalf is correctly timed and tax-efficient.
5. Assessing our work
We regularly monitor how your plan is progressing.
At least once a year, we’ll meet with you to review it. We’ll assess any changes in your circumstances, provide investment reviews, and advise – and action – any relevant changes to tax and legislation that might affect or enhance your lifestyle financial plan.
6. Chapter 3
Throughout your Chapter 3, we’ll work alongside you to make sure we’re on track to achieving your lifestyle goals. We’ll continually review your plan and adapt it if necessary.
By being there, making sure your financial plan is delivering what it has been designed to do, we’ll ensure your life runs the way you want it to.