Financial Planning on Divorce: A beginning to end and beyond service
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Transcript of Financial Planning on Divorce: A beginning to end and beyond service
Divorce Financial Planning for HNW’sPresented by Paul Gorman APFS
Paul Gorman APFS
A bit about Paul
• Chartered Financial Planner• Certified Financial Planner• Resolution Accredited
We look to remove the complex and confusing with a straightforward and transparent approach to financial planning that is effective, reliable and affordable.
Our focus is on developing, building and maintaining, long lasting, trusting and close relationships, centred around regular financial planning and strategy meetings.
The Beaufort Group of Companies
The Group
The Beaufort Group is a new Financial Services group, formed in 2012, with a unique and highly governed operational platform. It comprises:
• Beaufort Planning• Beaufort Investment Management • Beaufort Consulting
Beaufort Planning operates from 10 locations and is structured around a professional services structure favoured by other professions. Each location has a Practice Principal who is the Beaufort Partner responsible for all of the location’s activities.
Beaufort operates a fair value exchange policy with its clients, meaning the only income we accept is from the client. Our fee agreements are transparent, cash based and reflect the level of service agreed with the client.
We can do all of the standard Divorce Planning work:
And more………
Implement Sharing Orders
Liaise with actuaries
Protect maintenance payments
Replace employee benefits for ex-spouse
Provide investment solutions and advice
Advise on tax consequences
Our Divorce Financial Planning Programme
Reliable, Repeatable, Consistent
It’s a six step process
Discover
Analyse
Test Drive
Plan
Implement
Review
Discover:
Step One
• Fully understand clients short, medium and long term priorities
• Ascertain their values about money and life and what motivates them
• Assess information gathered• Gather additional & supporting data
Discover
Analyse
Test Drive
Plan
Implement
Review
Analyse
Step Two
• Examine all financial data• Build a comprehensive picture of current
financial position• Compile and present complete picture of
current financial position
Discover
Analyse
Test Drive
Plan
Implement
Review
Test Drive
Step Three
Present “what-if” scenarios for a number of different settlement options.
Helps clients picture their post-divorce lifestyle and work towards a settlement that will enable it to be feasible.
Show clients with accuracy a financial forecast to the point of their eventual death.
Tailor a settlement to the investment risk profile of the client.
Provide robust data and analysis, prepared and signed off by a firm of professional financial planners.
A parallel track of advice.
Discover
Analyse
Test Drive
Plan
Implement
Review
Plan
Step Four
• Construct a solution centred around clients needs and aspirations
• Based upon assumptions client has agreed and having test drove
• Ensure it is robust enough to cover catastrophe’s
Discover
Analyse
Test Drive
Plan
Implement
Review
Implement
• We can ensure a settlement is implemented effectively and efficiently
• Inform and educate your client on what will happen and why
• We will manage the whole process to conclusion
Discover
Analyse
Test Drive
Plan
Implement
Review
Review
Step Six
• Ongoing service, advice and support• Regular monitoring and reporting• Client focussed, reliable and consistent
Discover
Analyse
Test Drive
Plan
Implement
Review
A Complete Programme for HNW Clients
Reliable, Repeatable, Consistent
It’s a six step process
Discover
Analyse
Test Drive
Plan
Implement
Review
Thanks for Listening….Your Thoughts ?
Your Thoughts ?
Beaufort Planning is a trading name of Beaufort Financial Planning (West Midlands ) Ltd. Beaufort Financial Planning (West Midlands) Ltd is an appointed representative of Beaufort Financial Planning Ltd which is authorised and regulated by the Financial Conduct Authority.