How financial planning adds value

Great Financial Planning operates in both the tangible and intangible. We can break these outcomes down across two broad categories, ‘structural benefits’ and ‘wellbeing benefits’.

The intangibles can be invaluable to a person’s wellbeing and these, alongside the tangibles are the outcomes we at Crowe Financial Planning strive for to deliver great results for our clients.

Here are some of the expected and unexpected outcomes from engaging with a Financial Planner.

Structural

We will be seeking a financial structure that works best for you. Whether you are seeking financial security over financial flexibility, capital growth, decumulation, a legacy or tax efficiency. Financial planning can help you achieve what is important to you through minimising risk and optimising on opportunities in a structure that fits with your desired life plan.

This can involve a broad range of planning areas which include:

• investment solutions
• pensions and retirement planning
• later life and estate planning
• tax efficient investments
• protection solutions.

We will take the time to make sure all solutions are fully understood, make the complex seem simple, to help you get your plan on track. The solutions will be tailored to you and geared towards your goals and needs.

We understand that navigating the day to day whilst keeping your financial road map on track can be a tricky balancing act and it can be in your long-term interests to collaborate with someone you trust to help you remain on track.

Clarity

Billy Beane once said ‘I made one decision in my life based on money. And I swore I would never do it again’.

The point here being, don’t let the money do the talking. Let your wants and needs be the focus of the conversation. Defining your ‘happiness factors’ is one of the most valuable things the financial planning process pushes you to evaluate.

It is important here to realise that we are not solely focused on an ‘end game’. The financial planning process wants you to enjoy the full passage of time as well as achieve those big milestones, where possible. Once defined, your objectives then help shape your financial plan and the structure recommended.

Most importantly, you will have complete clarity of where you are going and more importantly understanding around the why. This provides a greater understanding and emotional connection to your wealth.

Peace of mind

Our consultant will start by identifying risks within your current structure, for example, how would your plan be impacted if you were unable to work due to sickness or how would you family manage without you?

The right foundations can be implemented to overcome these vulnerabilities and provide you with peace of mind that despite the unexpected, your plan can remain on track.

Secondly, you know your plan is structured to achieve most of the opportunities and aligned to fit your goals, objectives and aspirations which could be, will my income in retirement be sustainable? We can forecast this; stress test this and provide you with the peace of mind that your plan will remain on track.

Thirdly, there are moving variables such as legislation when it comes to financial planning. Therefore, having an expert on hand with an in depth understanding and additional oversight over your plan means your financial structure can be adapted, if needed, for when these variables change.

Having the peace of mind to know your quality of life over the longer term can be maintained, despite the unknowns can be invaluable. There is the common phrase ‘money doesn’t make you happy’ but the flip side to this is, not having an understanding or visibility of your finances can provide a lot of stress and uncertainty especially when the unexpected happens which is something a tailored financial planning approach can easily overcome.

Confidence

With complete clarity and peace of mind achieved, you now have the ability to relax and focus on your day to day which could involve being present with your family or within your business. Through a trusted relationship with your Crowe Financial Planning consultant, you have the confidence that your plan remains on track allowing you to focus on being more present elsewhere.

Get in touch

There is the common misconception that financial planning is only for the wealthy but ultimately, everyone could benefit from having a clear-cut financial plan in place.

Regardless of the stage you have reached, at Crowe Financial Planning we have a range of services which can help you with your long-term plan. Our service levels range through foundation, core and premium and will be suitable for each stage of your road map whether that is wealth accrual or decumulation.

Get in touch today to make a difference to your financial situation.