financial plans

What is a financial plan?

Failing to plan is planning to fail.
Rachael speaking with a family
A financial plan identifies, organises and prioritises your financial goals, then outlines the steps you need to take to achieve them.

It will also give insight as to if you’re on track to meet your financial goals or if you need to adjust your spending or expectations accordingly.  

Financial plans can stretch over years, months or decades, depending on the time horizon of your goals and are flexible, allowing for any possible life changes or unforeseen events.

In a financial plan we begin with a fully documented review of your existing policies and products including an analysis of current product and fund features.

We then move onto budgeting, producing a cash flow statement showing income and expenses and highlighting areas of potential adjustment.

This includes a balance sheet of your assets and liabilities as well as estimated inheritance tax liabilities.

Looking at your broader financial objectives, the plan will include generic recommendations for future actions to meet your goals whilst making sure you have back up plans in place for the unexpected.  

When you’re happy with your personalised financial plan we can start putting it into action.  

Either you can take the report and implement it yourself*, or (and this is what most of our clients ask us to do) we can implement it for you.

There would be a fee for us to do so, and we will explain any fees and charges for the products and services that have been recommended.

*If, after producing a financial plan for you, no further work is undertaken leading to an actual investment; it is likely that VAT is due on these fees.

Financial business plans
Rachael speaking with an older male customer
Your financial plan is not a static document.

Like the branches of a Willow Tree it is designed to be flexible, and adaptable.  

We suggest regular check-ins where we will review whether your financial plan is still on course to reach your goals.

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