What is Lifestyle Financial Planning?

Lifestyle Financial Planning is a holistic, whole-life approach to financial planning.

With the aid of sophisticated software and an in-depth exploration of your life goals we'll create a robust, agile financial plan that will provide you with peace of mind and the freedom to enjoy your desired lifestyle without the fear of running out of money or dying with too much. We can also ensure you can leave a sufficient legacy to pass to the next generations, if that's your wish.

Lifestyle Financial Planning can help you answer questions such as:

• When can I retire?
• How can I ensure the remainder of my wealth is passed on to my loved ones and less is lost to inheritance tax?
• How much money do I need to fulfil the dreams on my bucket list?
• How can I afford to help my children/loved ones while maintaining my own lifestyle?
• How much do I need to sell my business for so I don't need to work ever again?

Who is it for?

Lifestyle Financial Planning is ideally suited to those with £250,000 or more of investable assets, such as investment funds, cash, or pensions, or families with an income of £100,000 or more each year. Clients are typically over 45 and are either retired or planning to retire within the next few years, while clients below 45 are high-earning professionals or business owners.

Lifestyle Financial Planning can help different groups of people, such as those who want to know when they can retire, business owners who are looking to plan an exit strategy, or families who want to know how the wealth they have acquired can benefit the next generations.

You can read more about who we work with and the sorts of problems we can help you deal with here.

How does Lifestyle Financial Planning work?

Lifestyle Financial Planning is an approach to wealth management that uses a series of distinct steps. Here's a broad overview of the three key stages of LFP  and how they help you.

Taking stock and setting goals

The first  stage involves conducting a thorough assessment of your current financial situation to see what you have to work with. This is accompanied by an in-depth discussion about you as a person to find out what your goals in life are and what kind of lifestyle you want to lead for the rest of your life.

This is a vital stage because it’s not just about numbers and financial milestones; it’s about building a full, rich picture of what you want your life to look like, clarifying your values, and thinking deeply about what you care about most. The financial plan is then a tool to turn your dream lifestyle into a reality.

Formulating and implementing a plan

Using the information you provide, a comprehensive plan is devised that is designed to help you to reach your financial and personal goals and enjoy the lifestyle you have worked hard for. Once you’re happy with the plan, you give the go ahead for it to be put into motion.

Regular review

Life can change in many ways after your initial plan is implemented. Your life goals can change, family life can change, Government legislation can change, and, while we all hope it isn’t us, serious illness can affect anyone. Your plan is therefore regularly reviewed with you to make sure you remain on track through all of life’s twists and turns.

How does it help?

The ultimate goal of Lifestyle Financial Planning is to devise YOUR plan - a roadmap if you like - to give you the confidence of a structured pathway to making your money work for you in order that you can enjoy the life you want. By getting a firm grip of what your wealth portfolio looks like and implementing a strategy for where you want it to go, you can enjoy invaluable peace of mind, stop worrying about your money, and start using it to live life to the fullest.