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Lifestyle Financial Planning

What is lifestyle planning?

Well, it’s exactly that, a holistic financial plan, constructed using a diverse range of investments and built around the lifestyle you desire, rather than driving your decisions around products available on the market.

By taking the time and using your imagination to step into the future, you can look back and understand what needs to happen for you to enjoy your perfect lifestyle.

How do you juggle your financial eggs to create the perfect lifestyle plan?

For the answers to these and many other questions ... Download your FREE Guide NOW!

 
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“I first had financial advice in 1994 at a pre-retirement course and have been delighted with the continuing service ever since."

Marjorie

Since September 2012, I have been assigned a new financial advisor at GWM. I have always found him to be very friendly, service-minded, and very importantly, providing quick responses to my questions.

Thomas Karlsson

 

Imagine

If I can imagine my perfect life, what does it look like?  What does it feel like?  What does it involve?


Your wants

Where would I like to live?  What would I like to own?  What would I like to do?  What would I like to experience?

Why?

Why do I go to work?  Is it freedom and independence? Is it for mine and my family's security?  Is it for piece of mind or simply to have  the nicer things?
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This is understanding the soft facts about how you approach money and what it brings to your life. Lifestyle planning aims to clarify what your hopes and aspirations for the future are and to choreograph your financial goals. Ask yourself; how much money do you want to retire with? What motivates you? Why is money important to you and where do you see yourself in the future? If you could look backwards in ten years, what would have happened for you to have had a happy and fulfilling life? Big questions, which admittedly need some thought, but very important ones to ask when planning your life’s finances.

This is where we need to understand the hard facts and start crunching the numbers. We need to ascertain what you have coming in, and what there is going out. These figures need to be fairly exact so for example, what is your salary, income from bonus, investments, inheritance, rental property income, business sale or the sales of any other major assets. We then need to know what goes out such as; mortgage payments, education fees, daily living costs, debts, family commitments, pension contributions, and anything else you can think of. From this thorough conversation with you we will create a cash flow model, and this will indicate whether or not you are on track to achieve your goals. The cashflow model will highlight any gaps you may have in your financial structure or conversely, if there are surplus funds for further investment.

The results of the assessment allows us to build a plan around the facts we deduce from cash flow modelling and from the information you gave regarding your hopes for the future. If there is a gap, we will find a way to bridge it and keep you on target, where there is surplus we will look at bettering your goals. It may be that you can improve your situation by doing little more than rearranging a few savings, or it could be a complete restructure depending on your circumstances. Once everything is in place we enter the review phase. This is not simply looking at any investments, it’s ensuring your plan remains appropriate to your needs, that changes in your personal life haven’t affected your objectives and that ‘what ifs’ such as what if you lose your job, what if you grow your family? Are addressed and managed, giving you and your family the best chance of fruitful and financially sound life.

Talk to us 

Lifestyle Financial Planning is a relatively new specialism in International Financial Advice, if you would like to discuss your plans with one of our Lifestyle Planners contact your

Regional Office or call our Global Helpline on +41 22 710 7864

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