67
WHAT IS FINANCIAL PLANNING SIMON PHILLIPS Independent Financial Adviser It’s an old truth that ‘failing to plan is planning to fail’.
Financial planning is the process that will identify your plans and the ways to achieve them. Finding that you have met your financial goals and can live the rest of your life with no money worries does not just happen. It needs to be planned and prepared for.
Your financial plan will show the steps you need to take and will be as individual as you are. It will be reviewed regularly to ensure it remains relevant to your ongoing needs and objectives.
What a Financial Plan will cover:
Financial goals: Everyone has their own financial goals and objectives. Planning will quantify goals and use them as milestones to monitor performance.
Personal net worth: A snapshot of assets and liabilities is vital to establish the basis for your plan.
Cash flow analysis: A review of your income and spending will show how much can be used for debt repayment, savings and investment each month.
Retirement strategy: The plan should include a strategy for retirement showing how the required retirement capital will be built up, and how it will be used to generate an income.
Risk management: This will identify the risks you and your family face and identify solutions such as life and disability insurance, personal liability cover, property and casualty coverage.
The information contained in this article is based on the opinion of Continuum and does not constitute financial advice or a recommendation to suitable investment strategy, you should seek independent financial advice before embarking on any course of action. The Financial Conduct Authority does not regulate taxation and trust advice & will writing. The value of investments and the income from them can fall as well as rise and you may get back less than you invested.
MORTGAGES LIFE INSURANCE SAVINGS INVESTMENTS PENSIONS
FOR A FREE INITIAL CONSULTATION CONTACT SIMON PHILLIPS Independent Financial Adviser: T: 01803 752177 M: 07484 095 044 E:
simon@mycontinuum.co.uk Based in Kingswear
www.mycontinuum.co.uk
Continuum (Financial Services) LLP, Falcon House, Eagle Road, Langage, Plymouth, PL7 5JY T: +44 (0)345 643 0770 E:
info@mycontinuum.co.uk www.mycontinuum.co.uk Continuum is a trading name of Continuum (Financial Services) LLP Falcon House, Eagle Road, Langage, Plymouth, PL7 5JY which is authorised and regulated by the Financial Conduct Authority
ESTATE PLANNING
Long-term investment: Your plan will include a customised investment strategy based on your objectives and risk profile. This will set guidelines for selecting and managing investments and benchmarks for performance review.
Tax reduction: Your plan may include ways to mitigate taxes on personal income.
Estate plan: If required, your plan can include measures to reduce the Inheritance Tax liability of your estate, increasing the proportion of your wealth that can be passed on to loved ones.
At Continuum, we are the experts in Financial Planning. We take the time to listen to your needs and design a financial plan around them, we will commit to working with you for the long term, keeping your plan for financial success on track.
To find out more, call us to see what a Continuum financial plan could mean to you.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140