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07484 095 044
simon@mycontinuum.co.uk
WHAT IS FINANCIAL PLANNING? SIMON PHILLIPS Independent Financial Adviser
Achieving your financial goals does not just happen. It needs to be planned and prepared for, and needs expert help. It’s an old truth that ‘failing to plan is planning to fail’.
We start our relationship by discussing your financial objectives. Financial planning is the process that follows, developing an effective, costed strategy to meet your objectives. At Continuum, we make it the basis of a long-term relationship with our clients.
How does it work?
Your financial plan will show the steps you need to take, the type and level of investments that you need to make, and the timescales you will need. It will support wealth generation with other products, such as insurance protection that you may also require.
Your plan will be as individual as you are. It will balance the level of security that feels comfortable for you with the opportunities for growth you seek, and take into account your ethical stance. It will recognise the future is unknown and provide flexibility to help you potentially grow your wealth whatever the economic climate.
Your objectives and your financial plan may change over time. We will provide regular reviews to ensure that it remains on target.
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 your 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 solutions such as life and disability insurance, personal liability cover, property and casualty coverage.
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: Your plan can include measures to reduce the Inheritance Tax liability of your estate, increasing the proportion of your wealth that can be passed to your loved ones.
At Continuum, we are experts in Financial Planning. We take the time to listen to your needs and design a financial plan around them, and we commit to working with you for the long term, keeping your plan for financial success on track.
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
Based in Kingswear providing coverage across the South West T:
07484 095044 E:
simon@mycontinuum.co.uk 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
PENSIONS SIMON PHILLIPS Independent Financial Adviser ESTATE PLANNING
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