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The Importance of Financial Planning

We are forever being told to plan for the future, but why is it so important? The answer is simple; we not only have to protect ourselves, but also those we care about. This is especially true when it comes to our assets. Through financial planning, we can help our finances to grow in a controlled manner, meeting our goals within the right timeframe and securing our long-term financial confidence.

For more information about the financial planning services we offer at Equilibrium, visit our dedicated section here.

Helping you set and meet targets

Most of us hope to be financially secure, even prosperous, when we reach a certain age, and with the right preparation we can make those dreams a reality. By putting a plan in place now, you can reap the rewards down the line. What's more, a financial plan ensures you are getting the most from your assets both now and in the future - you may wish to maximise their potential through investment, for example. One of the main advantages of financial planning is that it allows you to build your plan of action based on your own goals, preferences and even personality, creating a bespoke plan truly personal to you.

Seeking professional advice is the best way to ensure you optimise your financial planning. At Equilibrium we will review your current position and your ideal future position, reviewing your starting point, analysing your targets and working out the best way to get from where you are now to where you want to be.

With experts on your side, you can rest easy knowing that everything is under control and your finances are in the hands of dedicated professionals who not only understand the financial industry and investment markets, but also your personal wants and needs

Working together, you can build a strategy to ensure you meet your objectives in the right way and at the right time. These targets can vary, but might include:

  • Buying a property
  • Early retirement
  • Paying for your children's higher education
  • Estate planning
  • Leaving inheritance to your family

Putting your mind at ease

It is only natural for people to worry about their financial situation, even those fortunate enough to have significant assets. The financial world can seem complex, and we never know what unexpected events are around the corner. However, with sound financial planning you will be given peace of mind that you'll have everything in order should anything unforeseen happen, and a plan in place to guide you through every phase of your life.

Worries about money may regard the short or long-term, and financial planning is designed to help appease both. You may, for example, have concerns about how inflation might impact your current financial situation, or be apprehensive about how you will be able to look after yourself - and ensure you enjoy the same standard of living - in your retirement. A financial plan will help put your mind at ease, showing how you can meet your targets, explaining the course you will need to take and determining all associated timescales.

A financial plan can take many forms and will be dependent upon the individual and what they wish to get from it. There are various areas that can benefit from sound financial planning, including:

  • Investments
  • Retirement planning
  • Tax planning
  • Intergenerational planning

How Equilibrium can help

At Equilibrium, we provide bespoke financial planning, placing great emphasis on getting to know our clients and understanding their targets, which enables us to work together and create a plan geared to getting the very best results.

More about financial planning

To find out more about how we can help you build your financial plan, head to the financial planning section of our website. Here we have information about bespoke financial planning, financial planning by age - including changing priorities as you get older - and cashflow modelling, specifically the Voyant system, which enables financial plans to be presented in a clear, visually engaging way.

Contact us today

To speak to a member of our team, call us on 0808 156 1176 or allow us to contact you by completing our online enquiry form. We can discuss your financial situation as well as your plans and objectives for the future, and advise on the role that financial planning can play.

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