Financial advisers providing financial planning services can call upon a generic framework to inform them of the likely advice and services required based on the client’s age. However, this framework must be combined with tailored services which consider the individual and their own life experiences and objectives. Although the framework on its own isn’t the optimum way to provide financial planning services, it functions as a starting point for advisers.
Those who have entered retirement may believe they no longer need financial planning services. These types of services are typically considered beneficial as a way to plan for retirement. Yet, they can still be beneficial during retirement and in the later stages of life, which are often referred to as the wealth decumulation stage.
Financial planning services for retirees
Most retirees will be enjoying their retirement with the money they accumulated from savings and investments during the previous years and decades. Hopefully, these decisions have enabled the retiree to enjoy the type of lifestyle they were striving to achieve in retirement. Due to a myriad of possible reasons, retirees might need further financial planning services to manage their retirement income – or even maximise ongoing savings and investments.
Other financial planning services for early retirees often include:
- Estate planning
- Wealth transfer strategies
- Equity release
Many retirees wish to gift some of their wealth to younger family members at this stage of life. Yet, there can be implications of gifting money in some ways. There could be more tax-efficient and beneficial methods that can be discussed with a financial adviser.
Those who are not experiencing the quality of life in retirement they had expected also have options available. If the retiree is a homeowner, they may now qualify for equity release products which provide tax-free money to help fund retirement with no monthly repayments. These can be discussed with a qualified adviser.
Managing the unexpected
Another benefit of using financial planning in retirement is to plan for unforeseen but possible events, especially those associated with health and well-being. A medical diagnosis can put a strain on retirement finances but can be planned for within financial advice services. This includes medical insurance considerations and other techniques.
THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE ADVICE ON ESTATE PLANNING.
MEET OUR Director/Wealth Manager
Aman Mashiana
Aman Mashiana is a strategic wealth management professional with more than 15 years’ experience building and leading advisory practices, managing substantial client portfolios, and delivering sustainable revenue growth in competitive financial markets.
The best solutions often start with the right questions!
FAQ'S
Not at all. We believe great financial planning should be accessible. Whether you are just starting to build your assets, navigating a major life transition, or managing multi-generational wealth, we tailor our advice completely to your current situation and future goals.
Our initial conversation is entirely exploratory and comes at no cost to you. It’s simply a chance to get to know each other. We’ll discuss your current financial picture, what you hope to achieve, and how we might be able to help. You won't need to sign anything or make any big decisions on day one.
We want to make managing your wealth as convenient as possible. We are happy to meet face-to-face at our office, or we can host a secure virtual meeting via video call (such as Microsoft Teams or Zoom) if that fits better into your busy schedule.
We believe in absolute fee transparency, meaning we agree on all costs upfront before any work begins. Depending on the complexity of your needs, our fees may be structured as a transparent percentage of the assets we manage, a flat fixed fee for a specific project, or an hourly rate. There are never any hidden costs or surprise bills.
Absolutely. It's incredibly common to lose track of old workplace pensions over time. We can help you trace your scattered accounts, review their current performance and fees, and—if it makes financial sense—consolidate them into a single, high-performing, and easy-to-manage retirement plan.
We don't believe in cookie-cutter portfolios. We take the time to deeply understand your time horizon, your specific life goals, and your personal comfort level with market volatility. From there, we build a diversified portfolio designed to grow your wealth steadily while keeping your risk well within your comfort zone.
Yes. Making money on investments is only half the battle; keeping it tax-efficient is just as important. We actively structure your wealth to minimize Income Tax, Capital Gains Tax, and Inheritance Tax, ensuring more of your hard-earned money stays with you and your loved ones.
Tax planning, estate planning & Inheritance Tax planning are not regulated by the Financial Conduct Authority.
Not at all. We believe great financial planning should be accessible. Whether you are just starting to build your assets, navigating a major life transition, or managing multi-generational wealth, we tailor our advice completely to your current situation and future goals.
Our initial conversation is entirely exploratory and comes at no cost to you. It’s simply a chance to get to know each other. We’ll discuss your current financial picture, what you hope to achieve, and how we might be able to help. You won't need to sign anything or make any big decisions on day one.
We want to make managing your wealth as convenient as possible. We are happy to meet face-to-face at our office, or we can host a secure virtual meeting via video call (such as Microsoft Teams or Zoom) if that fits better into your busy schedule.
We believe in absolute fee transparency, meaning we agree on all costs upfront before any work begins. Depending on the complexity of your needs, our fees may be structured as a transparent percentage of the assets we manage, a flat fixed fee for a specific project, or an hourly rate. There are never any hidden costs or surprise bills.
Absolutely. It's incredibly common to lose track of old workplace pensions over time. We can help you trace your scattered accounts, review their current performance and fees, and—if it makes financial sense—consolidate them into a single, high-performing, and easy-to-manage retirement plan.
We don't believe in cookie-cutter portfolios. We take the time to deeply understand your time horizon, your specific life goals, and your personal comfort level with market volatility. From there, we build a diversified portfolio designed to grow your wealth steadily while keeping your risk well within your comfort zone.
Yes. Making money on investments is only half the battle; keeping it tax-efficient is just as important. We actively structure your wealth to minimize Income Tax, Capital Gains Tax, and Inheritance Tax, ensuring more of your hard-earned money stays with you and your loved ones.
Tax planning, estate planning & Inheritance Tax planning are not regulated by the Financial Conduct Authority.
