A financial plan
Most important of all, taking your circumstances ( assets, attitude to risk, capacity for loss, health, need for income, ages etc) into account – we'll jointly come up with a plan for the next few years, and beyond – that is tax efficient and makes sense for you and your family.
Once we have a plan and we have implemented the next most important thing is to monitor it. So we have a face to face meeting each year, or more frequently if necessary.
We use cash flow planning – that is to say we assume rates of return and also varying income levels, you may wish to draw £20,000 a year until state pension age and then draw £12000 thereafter – we can incorporate changing income needs and update each year in light of changing capital values
We’ll recommend you invest your funds, history tells us that’s where the best returns have come about. But in finance it is all historic, there’s a risk going forward.
The longer the term an investment runs the better the chance it has to outperform cash – so we sub divide your funds by term - we’ll break it down by funds needed in 1-2 years 3-10 years and 10 years plus, and invest each element differently – this is one way we manage risk