The importance of having an adviser you can trust.
Financial planning is not about accruing money for the sake of it. It’s about living your life the way that brings you the most happiness.
When making decisions about your future, you need someone in your corner helping you make the right choices, at the right time, in the right tax environment. You also need to really trust the person giving you the advice. Colmore Partners' client Paula L. describes it brilliantly when she says that managing your money is 'not something clinical'. The decisions you make are often very sensitive so you need someone you can trust as your adviser. In her own words, Paula explains below what that trust means and how Colmore Partners have heled her plan for her retirement.
Paula L.
I was probably about 4-5 years into working, based in Cardiff, when I first had a financial adviser. But it was quite a different relationship really and somebody that as soon as I met Richard, I moved away from without hesitation. I am still working. I don't know for how much longer as Richard keeps trying to persuade me to retire, but it's not an easy decision when it's all you've ever done.
My priorities are ensuring I have enough money in retirement, of course, but also making sure my two children have got a deposit for a house when the time comes. Also making sure they can leave university without debt - that they've got a secure start in life.
Managing your money is not a clinical thing and a lot of these decisions you make are very sensitive. So, you need somebody that you can talk to quite frankly and that you can trust. Richard is that trusted adviser. He is very professional but also very, very personable.
Paula L., Partner in a law firm. Mother to a son and a daughter, one recently graduated the other still in school.
We support you with a process that covers every aspect of your finances – from your assets to tax liabilities. This is what that looks like in practice.
Create ‘Grand Plan’
We meet you and listen carefully to your ideas, hopes, and aspirations. We ask pertinent questions and take copious notes. Then we build a plan that’s right for your individual circumstances. It will have clear objectives, it will be strong enough to last a lifetime and it will be flexible enough to bend with the changes life throws at you.
Structure for maximum efficiency
The Grand Plan works when it’s structured for maximum efficiency. This means paying the least amount of tax, identifying who should own the assets, and how best to use all your available tax reliefs. Efficiency also means managing your fees appropriately – so more of your money goes to you and your loved ones.
Invest
Everyone feels different about risk. We take great pains to understand how you feel about it – and then we marry it up with the levels of risk required to meet your hopes and aspirations. This enables us to select the most suitable investment style that will help you achieve your objectives.
Review
Life has a habit of throwing a curve ball or two. From changes in your personal circumstances to the introduction of new laws and taxes – as well as stock market ups and downs. We talk with you regularly about these, the ways in which they may affect your objectives – and therefore the Grand Plan – and agree any changes that may be needed sensibly and rationally. It’s all designed to give your wealth the best chance of doing its best for you.
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Simon Hoult
Simon is a Chartered Financial Planner with over 25 years’ experience in the financial services sector. He advises a range of clients with complex financial planning needs.
Katrania Lowers
Kat brings over a decade of experience in financial services to working up tailored, holistic financial plans for her clients.
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