ONLINE BESPOKE FINANCIAL PLANNING
How can this service help me?
Taking truly independent financial advice can help you with your financial planning, whether it is to meet a specific aspiration, such as retiring at a certain age or protection of your family through to overall holistic planning of your finances.
The websites now available from Churchouse Financial Planning Limited have been specifically designed to allow you to access independent financial advice online, without commission, on a fixed fee basis from the comfort of your computer. We hope you enjoy this direct online service from our independent chartered financial planning company. This is a unique service only offered by Churchouse Financial Planning Limited, as IFAs based in Guildford, Surrey.
What about online security of my information?
Churchouse Financial Planning Limited understands that this is an important issue. When you start your personal detail submission you will be sent a secure login code to allow you to revisit your submission to get the information finalised. We will not see any information until you are happy to submit your planning request. We are pleased to comply with the Data Protection Act.
What do I get in my individual financial planning report for my fixed fee?
You will have seen the fixed fee scale that is applied for this online planning service and it would be a natural question for you to ask what you should expect to receive for your fee. Therefore, we have built www.yourmoneymadesimple.com as a website to detail what could be covered in your individual financial planning report. This is our virtual ‘showroom’ to ensure that you gain the value of independent financial advice for your needs.
Your report will include some of the following aspects of financial planning. Please be aware that each case and circumstance is different and so therefore the areas detailed below are suggestions of what may be covered. Each case will be treated on an individual and separate basis to ensure that the financial advice recommended is appropriate and relevant to your circumstances, aspirations and needs.
What’s in my financial planning report?
Your Financial Position now
(a) Current Circumstances
At the start of your report, we will confirm your current circumstances as you have provided them in your online submission to ensure that our understanding and knowledge of your current position is correct. When we provide you with your report, we will also send you a copy of your input for a complete picture. We are sure you would agree there is little benefit in providing financial planning advice for the future if we do not fully understand your current circumstances correctly.
The report will cover diverse areas, such as your income, tax position, health (both past and present), family situation and marital status. All of these can have an effect on the final recommendations made.
(b) Wills
It is important for you to have made a will and to keep this updated. We would recommend that you speak to your legal adviser or solicitor if you do not have a will and to ensure that this is maintained.
There are various ways of saving inheritance tax by adjusting your will (such as gifts to Charity) and dependant on the information you provide to us, we may provide you with additional guidance as to how savings can be achieved. We would then refer you to your solicitor, or legal adviser, to take further advice and guidance.
(c) Your Attitude to Investment Risk
Understanding your attitude to risk and the level of volatility that you are prepared to accept with reference to both investments and pensions is vital to ensure that the service and financial advice we offer to you is appropriate.
We have arranged questions in this system for your consideration and completion to ensure that we understand both your existing attitude to risk, along with your future strategy, taking into account your age, risk profile and time until your objective needs to be achieved. Please consider this issue carefully because the recommendations provided by Churchouse Financial Planning Limited will be based on the answers that you provide.
(d) Personal Tax Allowances
Many clients are aware of the personal tax allowances that are available to them each year to save the tax charged on their income, investments or savings. These can include as examples, ISA savings, pension contributions, Premium Bonds and the ability to utilise the capital gains tax allowance (CGT Allowance) in each tax year. If advice is required and appropriate, we will take these into account when providing financial advice. We will need to know the actions that you have already taken in this and past tax years to ensure that, where appropriate, tax allowances are used to the best advantage.
With reference to all types of investment, pensions and savings, we would also consider the allocation of the existing and future assets to meet your current attitude to risk.
(e) Loans, Mortgages & Liabilities
We would consider your existing loans & liabilities, including mortgages, to see if it could be appropriate to use other assets or income to ensure that these are repaid as soon as possible to reduce the overall interest costs to you. If you would like mortgage advice then we will refer you to an adviser who specialises in this area of financial advice.
To gain the maximum value from your financial report you must ensure that the information you submit online is correct as our recommendations are based on the information you provide. If this is incorrect, the subsequent advice may not meet your needs.
What you want to consider for your financial planning.
(a) Financial Objectives & Aspirations
This section will highlight your objectives both now and into the future as you have listed them online. We may note additional points for your consideration to make our reporting to you more comprehensive.
The objectives will also cover the appropriate expected timescales and the budget you have selected, if applicable.
(b) Combination of financial planning advice areas
It would be unusual to find one solution to meeting an individual’s financial planning needs. We may find that it is a combination of recommendations that meet your aspirations.
Financial planning advice areas
(a) Investment & Savings Planning
Whether you are investing or saving for a specific purpose or just a ‘rainy day’ in the future, good independent financial planning offers great value in ensuring that the plans that you are investing or hope to invest in will meet your future objectives.
Planning is vital to ensure that your aspirations are met and maintained in the future. When you consider the input required by the system, this could take account of the following issues:
Understanding these issues will guide us in providing you with recommendations for your planning.
Legislation & Regulation
The information and recommendation that we make to you will be based on our current understanding of UK legislation and regulations. These will take into account the current changes in legislation.
We will also confirm that you have read and understood the following documents at the start of your planning process**:
Key Facts Documents:
**You will be unable to progress your input without having confirmed your viewing of these documents.
Stage 2, Implementation of our recommendations
We hope that you like the recommendations made in your individual independent financial planning report.
If you would like to implement all or part of the recommendations made you can do this yourself or with your own advisers or contacts. Alternatively, we would be pleased to receive your instructions, for an additional fixed fee of £397.00. We do not charge VAT for this service.
Stage 3, Review of your financial planning
It would be appropriate to use our review service on a reasonably regular basis to ensure that the financial planning that has been provided is kept updated. This is available by using stage 3 of our system.
Summary
Remember:
We look forward to working with you...
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