The most important part of planning is knowing what you are planning for. Creating the Grand Plan is our way of showing that we have listened to you, understanding what it is that is important to you in respect to your finances and asking deeper questions when it is necessary. When this is in place, we can reference meeting these objectives in all of the advice that we give.

After the Grand Plan is created, it is important to ensure that the plan is structured in such a way as to provide maximum efficiency. Efficiency is delivered by ensuring that the least amount of tax is paid as possible which includes identifying who should own the assets as well making sure that the available tax reliefs are being utilised. It also means ensuring that the fees that are paid are managed and not excessive.

Before establishing the investment portfolio, it is important to understand what level of risk you are prepared to take and also the level of risk that you need to take in order to meet your objectives. Following this, we will ensure that the most suitable investment style and management is implemented to match the agreed risk profile and to work towards meeting the objectives set out in the Grand Plan.

In any given year something could change that can impact the progress and success of the Grand Plan. For example, your personal circumstances and objectives could alter, the tax and legislative framework might change, and investment markets could move in a way that changes expectations. The purpose of our timely reviews is to assess whether such changes will have a significant impact on your ability to achieve your objectives and then to agree any changes that need to be made.