Category: Financial Planning

Many business owners think that once they sell the business, the hard part is done. It often is not. Selling a business can turn something hard to access into cash. But it does not automatically sort out tax, retirement income, investing, passing money on, or what happens next. This matters even more now because the

Picture this: you get a WhatsApp from your son. Or a call from your “bank”. Or a voice note from your partner. It sounds right. It uses the right words. And it’s urgent. That’s the big change in 2026. AI hasn’t made scams “genius”, it’s just made them more believable and more frequent. This isn’t

Inheriting money is rarely just about the money It often arrives at a time of grief, change, or family tension. You might feel guilty spending it, worried about “doing the right thing”, or quietly scared you’ll waste an opportunity your parents or relatives worked hard to create. If that’s you, you’re not alone. And the

When most people hear “cashflow modelling,” they picture charts and guesses. This is fair, but when done correctly, cashflow modelling is a decision tool to rehearse big life choices before making them. Here are seven decisions it helps with, plus three sample timelines to demonstrate how it works (no product or rate specifics). 1) “When

Most people worry about money at some point in their lives. Common questions we hear include: Will we be able to maintain our lifestyle in retirement? Could we cope financially if one of us needed long-term care? What happens to my partner if I die (or to me if they die)? How would a prolonged

In recent years, you may have seen prices rise, whether it’s the cost of your food shop or your energy bill. Although inflation has decreased from a high of 11.1% in 2022, it remained above the Bank of England’s (BoE) target of 2% for most of 2024, ending the year at about 2.5%. This situation

Valentine’s Day isn’t just about chocolates and roses – it’s also a great reminder to think about your financial future together. Whether you’re a new couple, have been together for a while, or are preparing for retirement, making wise financial choices now can help ensure your future security. If you’re single, managing your finances is

Have you ever thought about a special formula that wealthy people follow? You’re not alone! Many believe they have secret knowledge. Wealthy individuals usually follow a few practical habits that anyone can adopt. If you want to start building genuine, lasting wealth, keep reading. They Focus on Equity Many people believe that a high salary

Teaching children about money is a vital life skill, yet many parents shy away from these conversations. A recent study revealed that 85% of parents with children aged 10-20 worry about passing on poor financial habits, leading them to avoid financial discussions altogether. Why Do Parents Hesitate? The study highlights several reasons for this reluctance:

Did you recently get a promotion or more pay? Congratulations! It’s natural to want to celebrate by buying a new gadget, booking a vacation, or just enjoying having more spending money. But before you dive into spending, it’s important to take a moment to review your finances. If you don’t, you might fall into the

A financial planner can offer valuable expertise that goes beyond just recommending financial products. This expertise can help business owners make the most of their money both in and out of their business. Let’s look at a few ways a financial planner can provide significant value. Maximising Pensions Some may be aware that when a

How you handle your finances today might be connected to your childhood experiences. Most parents understand how important it is to teach kids about money. Nearly all parents believe that teaching personal finance to 8 to 13-year-olds would help them understand the value of money better. However, they may be starting this important education a

Have you noticed higher borrowing costs or better returns on your savings recently? The Bank of England (BoE) increased the base rate 14 times from December 2021 to August 2023, keeping it at a 16-year high of 5.25%. Higher interest rates can curb inflation by encouraging saving over spending. Despite inflation hitting the government target

uThe Labour Party has highlighted stability as the foundation of its economic growth strategy if it were to come into power on July 4. At the party’s manifesto launch, Keir Starmer, the leader of the Labour Party, condemned years of Conservative ‘chaos’ and presented their vision for rejuvenating the economy. Addressing Economic Constraints Labour’s manifesto

Understanding why we spend money is critical to managing our finances. Research shows that our emotions, social influences, and thought patterns affect our spending habits. By knowing what drives our spending, we can make better choices and develop healthier financial behaviours. So why do we spend more than we need to? Studies have shown that

Financial advisors who claim to be comprehensive financial planners often provide a surface level of financial planning. Financial planning requires ongoing effort and cannot be based on incomplete data. Simplified forecasts fail to provide individuals with the comprehensive plans they need. Here are seven key indicators to look out for to gauge whether a financial

We sometimes receive enquiries from people seeking one-time financial planning without ongoing management. While we are passionate about helping clients plan, we focus on delivering value exceeding our fees. Unfortunately, we have found that one-off engagements don’t align with this goal. Our real value is in continuous planning and review, which is essential for staying

Entering the world of financial independence may seem daunting, but you’re not alone! Many have successfully navigated this path, providing us with a map to guide you. Think of it as a marathon. Maintaining a consistent pace, being patient, and staying optimistic are crucial to achieving your goal. It’s not just about running but also

In a world where we are constantly bombarded with new and shiny things, it can be easy to lose sight of what truly matters: determining how much is truly enough. The question of what it means to be truly rich has been pondered for centuries. From the ancient philosopher Lao Tzu to modern-day thinkers like

Inspired by this post by the aptly titled humble dollar, let’s explore the behaviours that improve our finances. These are all achievable and, unlike stock picking, do not rely on insider knowledge or luck. Humility First off, embrace humility. The financial world is uncertain – from market changes to unexpected life events. Focus on what

When we get older, it’s essential to prepare for things that might happen unexpectedly, like becoming sick or unable to think clearly. A Power of Attorney (PoA) lets you pick someone you trust to make decisions for you, to ensure your wishes are followed, and you’re looked after in the best way possible. Knowing that

A common question from clients pertains to the importance of setting goals in financial planning. The answer is that goals play a pivotal role in financial planning. Goals provide direction to financial planning. Individuals and families need to establish precise financial objectives to determine their priorities and aspirations. These objectives may vary, from immediate ones,

Budgeting is often associated with financial planning, but did you know that it can also have significant benefits for your mental health? While it may seem surprising, taking control of your finances and creating a budget can help reduce stress and anxiety, improve your self-esteem, and lead to overall better mental well-being. Here are some

In 2019, the Pensions and Lifetime Savings Association (PLSA) developed new guidelines to help people figure out how much money they need each year when they retire. Instead of just looking at a certain percentage of what people made before they retired, these guidelines consider how much money people need after they retire, based on

If you’re considering working with a financial planner, it’s important to ask the right questions to ensure that you find someone who can help you achieve your financial goals. Here are a few key questions to ask when interviewing a financial planner in the UK: What do you do? You’re looking for a concise explanation

A global financial literacy survey indicates that around a third of the UK needs help understanding the most basic financial concepts. There are many potential benefits of financial literacy. People with strong financial skills do a better job planning and saving for retirement. [1][2] Financially savvy investors are more likely to spread their risk and

One of the most common questions clients ask is, “how will I know when I have enough money?” What does looking at this involve? There are several ways to determine whether you have enough money. One approach is to consider your current and future financial goals and compare them to your current income and savings.

Later-life care can be a complex topic to discuss and plan for. However, making a care plan now ensures that your wishes are carried out and that you have long-term security. If you haven’t addressed it yet, keep reading to find out what you should do. According to a Canada Life survey, 7 in 10 UK adults

Having a baby is one of the most exciting, life-changing events you’ll ever experience. But along with the joy and happiness that comes with starting a family, there is also the reality of the added costs. On average, in 2021, the total cost of raising a child to the age of 18 now stands at

From 6 April 2022, no-fault divorce came into effect in England and Wales. No-fault divorce is a long-awaited revolution in family law, finally removing the need for blame as a basis for divorce. The result is that the only ground for divorce is that the marriage has ‘irretrievably broken down’. No one enters into a

According to new research[1], 95% of adults in the UK are worried about the anticipated rise in the cost of living in 2022. The expense most UK households are concerned about is the rise in energy bills (92%), with three in ten (29%) being apprehensive about this, followed by food shopping (87%). Cost hikes to

Many initially seek financial advice because they want help with something like a pension or making intelligent investment decisions. However, pensions or investments are only a means to an end which is helping you pursue your goals. An advisor cannot manage a portfolio or create a robust financial plan unless they have a holistic view

How often do you talk about money with your partner? Issues around money can sometimes make or break a couple. Research indicates it causes a lot of struggle. According to a survey from Royal London, 62% of couples in the UK have argued about money. The most common cause is the perception that one of

Last year the government revealed new proposals for funding long-term care. At the time, much was made of the point at which someone needing to pay their care costs in full increasing to £100,000 and the overall cap on care costs being £86,000. The Government made out as if this fulfilled its manifesto promise that

Following a financial plan and staying disciplined can be challenging. A good start can be with what someone shouldn’t be doing with their finances. Not having an Emergency Fund An emergency fund underpins a solid financial plan. We advise our clients to hold at least six months’ expenditure, plus any planned additional spending, in easy

Relax. Live for the moment and enjoy life. Most of us know someone who, despite being well off, struggles to spend money on things that make them happy. Instead, the fear of running out of money controls their spending habits. On the other hand, there are those who struggle to think past the next few