Financial structure in retirement
Sally came to see us when she was 65 and already retired.
She had many financial concerns. Her will was outdated, and she had £300,000 of uncoordinated investments, as well as insufficient cash deposits for emergencies. She wasn’t making use of investment tax planning allowances and she had no protection from events such as long-term care and divorce.
Sally wanted to reduce investment risk and preserve capital as best as she could.
She also wanted to protect the value of her estate for her grandchildren and protect herself should her husband pass away before her.
What we did
We conducted an initial fact find as part of Sally’s free initial consultation. We also clarified Sally’s needs, timescales and fee arrangements.
We then held a strategic meeting held with Sally and her solicitor to agree on a joint approach involving a solicitor, accountant and financial planner.
We coordinated and prepared reports for each party and agreed with Sally on our recommendations. We also agreed on the process for ongoing reviews.
Sally now has a simple, clear plan in place.
Her investment risk has been reduced, in line with her requirements. She also has succession planning in place, including her will, and a trust has been established.
Sally is satisfied and now feels reassured when it comes to her finances.
What our clients say
The majority of my time has been spent running a business and concentrating on making the correct day-to-day decisions; it was essential for me to gain advice and guidance. Phill and his team at RPG have been able to guide me and provide a balanced portfolio. Without turning to RPG, I would have been unable to arrange my long-term financial future. They have a vast amount of knowledge and have produced the results essential for when I decide to retire.
Because our business was growing every year, we didn't really look at how the money we were making was put to best use. We needed some expert advice to lead us in the right direction. Anthony O'Connor has always been very helpful and approachable whilst dealing with our affairs. We are left to do what we do best: run a business. We would highly recommend anybody who is seeking financial advice to look at the services Anthony and his team can provide.”
We decided to use Phill Owen to help us with our financial planning as our savings, mortgage and life policies did not seem coordinated. Phill provided a clear plan for the future. He helped us organise our wills, inheritance matters and our future retirement. With our face-to-face catchups and regular emails or phone calls, Phill has always given us sound advice. This, in turn, has given us the peace of mind that our financial matters, now and in the future, are in good hands and in good order.
Retired Dairy Consultant and Retired NHS Therapist
I started using RPG on the advice of my bank when I started my own limited company. They have guided me through potential pitfalls in such a friendly manner that, even though our relationship has always been professional, I still consider them as friends. This journey has gone through setting up my company, tax, VAT, insurance advice, setting up wills, buying a different house and ensuring my wife and sons are provided for, both now and in the future. It has been such an easy journey. I would have no hesitation in recommending them to anyone.
My wife and I have been clients of Phill's for 25 years; 20 of which were with RPG Chartered Financial Planners. 17 years were prior to retirement and nine years have been post-retirement. Their involvement has been crucial to dissipate our financial and estate management concerns. RPG’s staff have been exemplary; always approachable and quick to respond. We have no reason to believe that this tremendous working relationship will not be as successful in the future as it has been in the past. We have no hesitation in recommending them.
Retired Veterinary Surgeon and Retired College Lecturer
I am a Chartered Structural Engineer and have very little knowledge, experience or understanding of financial affairs and investments. Approximately six years ago I started to think about early retirement. For the past six years RPG have provided excellent financial planning and tax-efficient advice in the form of a combination of pension and cash ISA investments, which have grown significantly to such an extent that early retirement is imminent.
Early in 2000, we decided we needed financial advice. We contacted Phillip Owen, who created a financial planning strategy that addressed all our needs. We were impressed with his advice, and so a partnership began that has lasted. Original goals are still being met and often exceeded, and investments are successful. There is long-term financial planning in place, even for the youngest family members. I highly recommend Phill and his team.
Retired Teacher and Volunteer Sector Adviser
We were in need of an adviser who could provide a wide spectrum of advice for managing our portfolio. We met Anthony on several occasions to understand his breadth of experience, and we were very impressed. Anthony's team took the reins in consolidating and rationalising our portfolio. We are very pleased with Anthony's service and we look forward to a long-lasting relationship with him.
IT Consultant & Accountant
Anthony O’Connor has advised me over several years about pensions and general financial planning. I have found him knowledgeable, supportive and a person who provides good solutions . He has a “can do “ approach and makes things happen. I have recommended him to a number of friends and they are all happy with his support and advice He is always good humoured which is a good quality when planning ones financial affairs.