Financial Planning
Why is Personal Financial Planning necessary?
Planning to fail by failing to plan . . .
People need encouragement and guidance if they are to plan well. Many are capable of planning but simply fail to do it.
We provide personal financial planning advice to help you plan for your future - retirement, holidays, working part-time - you set your goal and we can help you to achieve it.
Failing to check on progress
Some get as far as making some form of plan but fail to keep track of whether or not it is going to result in the right outcome. Monitoring progress is essential but not always easy to do. This is where we step in. Our advisers will help you to keep your plan on track, responding to the changing financial world and your personal situation.
Other Financial 'Roadblocks'
No goals: Aim at nothing and you'll probably hit it! The failure to define clear financial objectives ensures that any plan lacks focus.
Inflation: Even in times of relatively low inflation the impact of this factor alone can be devastating in reducing the purchasing power of future income or capital.
Risk: A failure to understand the relationship between investment risk and reward can lead to inappropriate product selection and a far different outcome to expectation. Failing to address the financial implications of long term illness or disability or a premature death can lead to disaster.
Tax: Financial outcomes can be dramatically affected by tax and many fail to understand or legally exploit the opportunities for effective tax planning.
Procrastination: Without doubt this is the most common reason why people fail to achieve successful financial outcomes. The cost of delay can be huge since with shorter time frames it becomes more difficult to achieve the desired outcome. This results in increased outlay or greater risk than would otherwise be the case.
If you think you could benefit from some independent financial planning advice call us on 01983 867212
About Island IFA
Island IFA is a fully regulated independent financial planning service and a trading style of Imperial Independent Financial Advisors Ltd. Imperial Independent Financial Advisers Limited, which is authorised and regulated by the Financial Services Authority.
Further consumer information is available from the Financial Services Authority via the following link: www.moneymadeclear.fsa.gov.uk
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The FSA do not regulate some forms of mortgages or tax planning services.
Imperial Independent Financial Advisers Ltd. Registered in England and Wales No. 05274431. Registered office Imperial House, 94 Oakley Road, Southampton Hants SO16 4LJ
