Financial Planning Review

This stage involves:

• One-to-one time with a designated adviser and planner to clarify personal planning objectives.
• High level analysis of your current financial arrangements to include pensions, investments, risk management and estate planning.
• A psychometric risk assessment and understanding of your capacity for loss and an explanation of how that might impact upon any investment recommendations.
• Analysis of your personal tax position. Construction of a bespoke and interactive lifetime cash flow model, (your AIMS model), to set your planning in context and allow you to explore different scenarios.
• For business owners, an assessment of the extent to which your business is positioned to help you achieve your personal objectives.
• A financial planning review meeting to present your AIMS model and agree planning priorities.

Having agreed your priorities, we then provide a recommendation report and implement your plan.

Implementation

This stage involves:

• A more detailed analysis of any existing arrangements considering the suitability of product and platform providers and the underlying investment strategy adopted with each arrangement and recommendations to retain or make changes as appropriate.
• The design of bespoke investment strategies to target your objectives and reflect your individual tax position and the provision of formal advice and recommendations.
• Completion of all documentation and administration related activities and regular progress updates from your designated administrator and planner as your plan is implemented.
• Establishment of risk management arrangements if required.
• A coordinated review of wills, letters of wishes and powers of attorney.
• Close liaison with your existing advisers (e.g. solicitor, accountant) to discuss recommendations and gain input as required.
• Access to our secure portal FPC VIEW for up-to-date valuations and secure document delivery.

• You – understanding the implications of any changes in circumstances, addressing concerns and exploring opportunities that may be on the horizon.
• Lifetime cash flow modelling – updating and refining your personal AIMS model and checking progress against your objectives.
• Cash flow delivery – ensuring your personal cash position remains robust and planning for additional cash flow delivery from investment or pension holdings as required.
• Investment planning – reporting on investment portfolio performance against expectations; ongoing review of the suitability of your investment strategies, risk profile, and portfolio holdings.
• Pension planning – where relevant, advice on future funding, tax planning and income delivery.
• Tax planning – to make use of tax allowances on an ongoing basis so you can legitimately reduce your overall tax burden given the prevailing tax regime.
• Estate planning – ongoing review of wills, trusts, gifting strategies and risk management arrangements and where relevant more complex arrangements such as family investment companies and charitable family foundations.

• For business owners, working collaboratively with your accountant, ongoing review of remuneration and rewards strategies and year end tax planning.
• For the next generation guidance to prepare them for the responsibilities that come with family wealth and support with their own financial planning journey.

In between your review meetings, all investment holdings are kept under continual supervision and we undertake rigorous ongoing due diligence on all platform providers and individual fund managers.

We employ independent third party consultants to support that governance process, which is overseen by the independently chaired FPC Investment Committee which convenes on a quarterly basis. In between reviews you benefit from access to the FPC team, our technical investment research and regular news insights.

We provide full technical and administrative support on a daily basis including where relevant specialist Small Self-Administered Scheme and Self-Invested Personal Pension Scheme and Trust administration.