financial planning - management

We think that it is a significant mistake that many advisors in this field are primarily involved in the selling of products. We believe that this is the wrong approach. It may sound obvious but the fundamental part of financial planning is planning your finances. So it you need £20,000 in your bank account on a particular day for an important project, then the money is there, in the right account and you have not just spent it on something else. 

Our approach is to help smaller businesses plan for their cash management more like a larger company and to bring the best practice of accountants to bear on how individuals manage their cash.

For the more wealthy clients a significant part of management is to have a comprehenisve picture of their wealth and where it is invested. Firstly this involves having good systems for tracking all accounts, investments and assets, a facility a small business would take for granted. We can then undertake a sectoral analysis - to see where you have exposure and allow you to compare the returns from different financial advisors. We would always recommend that clients with more than £5m to invest should always have a more than one investment advisor to spread risk and allow a comparison of performance.

Whether you have a lot of money or just as importantly, when you only have a little,you need to know where it is. You need to know where you are trying to get to and you need to know how you are going to get from where you are to where you want to be.