Free Financial Review

It is often the case when we speak to people that they have had a negative experience with a financial advisor; whether that be the devaluation of their pension pot, an investment not reaching the heights of the performance that was promised or a savings plan that has not taken into consideration the affordability and more importantly the sustainability of the individual. 

Financial planning is a focal point of peoples everyday lives. This being said it is important that you are aware of who, what, and how your portfolio is being managed, otherwise you can forget the longevity in the build of your personal and financial empire.

What we like to see is clients working with their financial advisor, almost becoming a joint decision as opposed to us working on behalf of our clients. We take this approach mainly to make sure that our clients understand the re-structuring they go through.

Below is an example of a client who has dealt with a consultancy, but has not always been fully aware of the designing of the portfolio. 

Following a few more questions it had become apparent that the right advice had been given in the first instance as David is a family man and he wanted to ensure that money could be left to his kids and he also liked the flexibility of drawing down what he wanted. He wanted to take control of his pension - and he did. Unfortunately for David, where he had no control was where it was invested. He trusted an advisor to look after the money and grow the pot. It is clear an investment strategy was used that wasn't fully understood and nor were the risks involved.

Changes were made, the investment strategy was simplified and Davids pension started increasing in value. Whats more is that he now gets regular reviews and is always informed that he can contact the advisor whenever he wishes.