Financial Planning
Regulated
We are authorised and regulated by the Financial Conduct Authority.
Protected
Assets are protected by the Financial Services Compensation Scheme.
Trusted
We are authorised and regulated by the Financial Conduct Authority.

How much is enough?

Proper financial planning gives you an answer to this question but there is no short cut to get to it.

Having ascertained what is important to you in your life, your goals and aspirations - financial planning will show you how much money it will take to keep and maintain the lifestyle you want, both now when you’re working and, in the future, when you have retired.

To know how much is enough, we first of all need to know about your assets, liabilities, current incomes and expenditure in detail.

All the information you need is already at your fingertips, in your latest bank statement, mortgage statement and/or your policy documents whether they be ISAs, pensions or insurance company contracts.

There is always a temptation to give this exercise a miss and throw out rounded-up figures off the top of your head, like five grand for our holidays each year, six hundred quid a month for food, £100 a month on petrol and so on but experience has shown that without the detail, you don’t get to the truth about your money that allows you to understand the consequences of your choices and actions.

Once we have collated the data and agreed that it is correct, Sutherland IFA can then give you a Lifetime Cashflow Report which we run to 100 years old but you can choose any age you want.

The Lifetime Cashflow Report allows you to look into your financial future today, and see based on your data, what that looks like, whether or not it measures up with the lifestyle choices you want, and if it can be maintained throughout your lifetime.

Will I run out of money? If so, when?
Will I die with too much?
What to do I need to do to check that my future finances are on track?
If I died yesterday, would my partner have enough to live on?
What else can I do in my life before it’s too late?
How much more can I afford to spend, or give away?
What’s the least amount of return (risk) I need to satisfy my objectives?
When can I afford to retire?

Knowing what your financial future looks like, and what actions you need to take now, Sutherland IFA will then provide you with a Financial Plan, that year on year, will change and develop as your life does, to make sure that you stay on track to achieve those goals and aspirations.

If that sounds good to you, and you’re happy to put the plan into action, Sutherland IFA will then go ahead with selecting products and services from the whole of market to help you succeed on your financial journey.

How we work

We keep it straightforward and simple.

1  

Arrange a Lifestyle Planning Meeting

A meeting at our expense to identify where you are now, how you got to where you are now, and where you’re trying to get to in the next 5, 10 and 20 years and so on for the rest of your life; in other words, a Lifestyle Plan.

     
2  

Arrange a Financial Planning Meeting

Another meeting, again at our expense, to identify all the resources available to you now, resources that will become available in future, and most importantly resources that might have to become available to satisfy the needs of your Lifestyle Plan.

     
3  

Arrange an Implementation Meeting of your Financial Plan

If, and only if, your Financial Plan indicates that that your needs would be best served by a financial or investment product and service, it is at this point that a recommendation will be made, again at our expense. If you are happy to go ahead in full knowledge of the facts and the fees involved, we can then start to implement your Financial Plan. If you want to walk away at this point, no problem; we wish you well and it won’t have cost you anything.

     
4  

Arrange an Annual Forward Planning Meeting

Now on board as a Sutherland IFA fee-paying client, an annual meeting is held to make sure that your Lifestyle Plan and your Financial Plan are on track to meet your financial goals and objectives.

Let’s start a conversation

We welcome the opportunity to learn more about how we can help you. Schedule a free no-obligation consultation, you might be surprised!