Benefits of Financial Planning Page

Mastering Financial Fitness in your 50s

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Thoughts of winding down or retiring might be dancing on the horizon. This is why it’s a pivotal moment to take a comprehensive look at your financial situation and ensure you’re on the right path to achieving your future goals.

This decade is a golden opportunity to fortify your financial foundation for the years ahead.

In our latest guide we help you focus on key areas and establish a solid financial foundation for the years ahead.

To download your free guide, head to our downloads page:

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Financial planning for a secure future

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Professional financial review

 

Receiving regular professional financial reviews in your 50s is an essential step towards securing your financial future. Professional financial advice offers a comprehensive assessment of your current financial health, providing expert insights into retirement planning, investment and protection strategies. This proactive approach will enhance your financial stability and provide peace of mind during this pivotal life stage.

Recognise the need for professional guidance: Professional advice will clarify and simplify decision-making as your financial situation becomes more complex.

Identify goals: Clearly define your financial goals, such as retirement planning, investment growth or securing your family’s future.

Discuss your needs: Discuss your financial goals and challenges to set the groundwork for a tailored financial plan.

Investments: Evaluate if your investment portfolio is aligned with your risk tolerance and financial goals.

Retirement planning: Assess whether you are on track to meet your retirement savings goals and explore options to enhance your pension or retirement accounts.

Tax-efficiency: Review strategies to ensure your investments and savings are as tax- efficient as possible.

Customised strategies: Benefit from personalised advice considering your unique financial situation and goals.

Peace of mind: Gain confidence knowing that your financial decisions are informed by expert analysis and recommendations.

Action plan: Implement a strategy that addresses your immediate and long-term financial needs. Monitor progress: Regularly review your financial plan with your adviser to ensure it remains relevant and practical.

Discuss plans with your family: Share your financial strategy with your family to ensure everyone is informed and supportive of the decisions being made.

Plan for emergencies: Collaborate with your adviser to develop a financial contingency plan for unforeseen events.

As you reach this critical milestone in your 50s, it’s time to focus on securing your legacy and ensuring financial peace of mind for the years to come. We’ll guide you through the complexities and create a personalised strategy that aligns with your goals and protects what matters most.

Start building a future that reflects your aspirations and safeguards your wealth. Find your local adviser today:

Find Your Local Adviser

How do we achieve client-centric outcomes?

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If you would like to speak to us about your financial future, please click below to find your local adviser:
Find Your Local Adviser

Your Financial Adviser – Your Trusted Confidante

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‘Building up a relationship is really, really important over the years’, Nigel Swan Regional Director and Financial Planner.

Your financial adviser is here to understand and look after you, your family and your finances, to be there for you through the bad times and the good. 

‘We are there to take the burden away’. 

 If you would like to discuss your financial future, get in touch with us today

Find Your Local Adviser

I wish I’d known that… Why it’s important to have financial advice

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Many times our advisers hear ‘I wish I had known that’, and it reinforces the real difference having a financial adviser onboard can make to both building your financial plan and making sure you stay on track through your lifetime.

If you’d like to discuss your financial future, and how a financial adviser can support you, please get in touch with our expert team:

Find Your Local Adviser

Create personalised, tailored financial plans

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Ellis Bates Directors Ben and Alan discuss how Ellis Bates incorporate the principles of Consumer Duty into every aspect of our client responsibility to offer relevant and effective products and services.

Watch our latest video to find out:

How the Ellis Bates in-house Investment Team help you create your personalised, tailored financial plans
How Ellis Bates independently select the products and services individually tailored to your financial plans
How Ellis Bates tailor the right financial products and services throughout your lifetime and its ever-changing circumstances
How Ellis Bates scan the whole of marketplace to carefully select the right products and services for you to achieve your financial plans
How the Ellis Bates in-house investment team create a suite of products and services geared specifically to your financial plans

If you’d like to discuss your financial plans, please get in touch:

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Free Guide: Making the most of your money

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Wealth planning isn’t a one-time event. It involves comprehensively evaluating your current and future financial state regularly to formulate and evolve a plan to help meet your financial goals.

We have produced a free guide to making the most of your money to help you at every stage of your financial journey: Download here

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Your financial planning future all on one page

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Ellis Bates Directors Ben and Alan discuss how Ellis Bates incorporates the principles of Consumer Duty into every aspect of our responsibility to ensure clients are on track with their financial planning.

Watch our latest video to find out:

How Ellis Bates can show you your financial planning future all on one page
How you can get the interactive power of cash flow modelling behind your financial planning
How to uncover and mitigate shortfalls in planning your financial future
How Ellis Bates will keep you on track with your financial planning

If you’d like to discuss your financial future, please get in touch:

Find Your Local Adviser

Free guide: Successful Wealth Management

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Key traits for successful wealth-building

Developing an investment strategy tailored to your goals

 

Committing to a financial plan is crucial for building wealth and achieving long-term financial goals. When you have a plan, you are more likely to stay focused on your objectives and take the necessary steps to reach them.

If you’d like to find out more about how to build your wealth, download our free guide here.

Find Your Local Adviser

Planning For a Secure Future

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The journey to financial freedom begins with a roadmap.

To start you can outline your current financial situation and this will pave the way towards your desired destination – your financial goals. It’s time to ask yourself, what are these goals? Saving for retirement, building an investment portfolio or establishing an emergency fund? The more precise your goals, the more tailored your roadmap can be.

Charting your course: the power of goal-based planning

Once you’ve defined your objectives, the magic begins. Goal-based financial planning allows you to invest systematically and in a disciplined way. It keeps you focused on your destination, unswayed by the market’s short-term turbulence.

While everyone’s goals vary depending on their life stage, they can generally be bucketed into three categories: essential needs, lifestyle wants and legacy aspirations.

ACHIEVING FINANCIAL SUCCESS: A COMPREHENSIVE APPROACH

Navigating the terrain of financial success in these areas can be challenging. It demands a holistic understanding of everything from complex retirement plans and investment products to risk management strategies and tax laws.

Your financial roadmap should be your beacon of clarity. It should encapsulate every facet of your vision – your hopes, fears and goals, vividly depicting your financial future.

What are some of the questions to ask yourself?

  • Can I sleep soundly knowing my future is financially secure?
  • Do I have a clear direction for my journey
  • Will my current lifestyle be sustainable in retirement?
  • Am I financially equipped to live the life I want now and in the future
  • Have I planned adequately to ensure I don’t run out of money?
  • Do I fully understand my financial position?
  • What is my financial ‘magic number’ to secure my current and future lifestyle?

The cost of your future lifestyle: Understanding your number

Start by identifying your financial goals and the time frame to achieve them. Determine their current cost, factor in a reasonable inflation rate, and voila – you’ll know what they’ll likely cost when you aim to achieve them. This exercise helps you uncover ‘your number’ – the money you need to secure your future lifestyle without fear of running out of funds.

Your financial roadmap is your guide to making informed financial decisions, striking a balance between current responsibilities and future aspirations. It’s designed to help you sustainably achieve your lifestyle goals and objectives over time.

We have produced a comprehensive guide to help you build a more secure financial future. To download your free guide, fill in the form below:

Find Your Local Adviser