Bespoke financial planning

If you’re a parent you’ll be used to thinking ahead – planning for and imagining any scenario that may affect your family. Whether you’re thinking about school trips, university fees or planning a wedding, it helps to know you’re still on the right financial track. 

Shaping Family Financial Strategy

The phrase ‘bank of mum and dad’ is regularly used in the press, highlighting the financial pressure that families are under. Parents want to help their children as much as possible, but you may wonder “what can I afford?” Bespoke financial planning can help you answer this question. 

Understanding your situation – bespoke planning

Your family’s circumstances, priorities and goals are unique. We'll take the time to understand your situation. Our careful analysis of your essential outgoings, commitments, income, assets and investments, combined with our expert knowledge can help you make a plan for supporting your family. 

Empowering you to make choices – cashflow forecasting 

Cashflow forecasting can be an efficient tool to provide an overview of your current situation, and to project how that might change over the coming years and decades. 

You can plot every aspect of your financial life, layered with intelligent assumptions about influential external factors such as inflation and investment returns. You’ll also be able to see the long term affect school fees, university fees, or care costs have on your finances, and assess the impact of a one off expenditure like paying for a wedding or helping to buy a first home.

Our software paints a picture of your wealth over time. You'll see at a glance whether you are on track to achieve your financial goals, or if you need to consider adjustments.

Since the 2008 financial crisis, some investors have become cautious about taking risk. Cashflow forecasting can help you establish how much risk you need to take. Setting aside enough to reach your essential goals will help you sleep well at night and may enable you to take more risk with your other assets. Our investment managers can create a bespoke portfolio that balances your risk requirement and your appetite for taking risk. For some clients this may mean having to take more risk to meet income requirements, and for others it may mean taking less risk as it's not necessary to reach their goals.

At Smith & Williamson we take a holistic approach to managing your wealth. Our planning, investment and tax teams can work closely to ensure every element of your portfolio is well looked after.

Capital at risk. The value of investments and the income from them can fall as well as rise and you may not receive back the original amount invested.

 
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