The Wake-Up Call

Whenever someone reaches out to me for financial planning advice, there is usually a trigger event or wake-up call that has occurred.

These can include:

A major life event such as a divorce or bereavement. Often a prospective client is referred to us by a professional connection such as a solicitor.
A promotion at work – when a prospective client gets promoted, perhaps to partner level, it may be suggested that they contact us.
Redundancy – this can often be the wake-up call for a prospective client to review where they currently are relative to their financial objectives and whether they can afford a change of career or even retire early.
Health scare – a prospective client may either have a health scare themselves or see a close friend or relative suffer from ill-health which puts their own mortality into perspective.
Elderly parents – increasingly, prospective clients come to us wanting help on behalf of their elderly parents. This may be due to concerns around a potential Inheritance Tax bill or provision for long-term care.
Financial stress – by setting out a clear financial planning strategy for our clients and regularly reviewing this, we remove the financial stress from their lives. We often receive referrals from clients whose friends and families are struggling to manage their wealth themselves.
Too much cash – successful professionals and business owners are often so busy with their careers or running a business that they simply accumulate large amounts of cash without putting this to work for their financial future.
Lack of contact from their existing adviser – there has been a lot of consolidation in the profession over the last few years with consolidators buying out smaller firms and many advisers retiring. Some prospective clients come to us as they haven’t had any contact from their existing adviser for many years and don’t have any clarity over their financial situation. Some prospective clients are fed up just being a number in a client bank and want a more personalised level of service.

There are a number of reasons why prospective clients seek us out and all too often the feedback is, ‘I wish I’d done this sooner!’ If you are thinking that you ought to be speaking with a financial planner, don’t wait until a wake-up call or trigger event, often the best time to act is now.

If you want to discuss your financial situation, please do contact us using the button below.