Mr. Client, 44, Business Owner, married with 2 children, aged 4 & 7.
Background (at outset)
Home €600,000
Various Pensions €200,000
Cash €30,000
Shares €20,000
Challenges:
1.
Working increasingly long hours which is affecting my family life
Solution:
1.
By building a Financial Plan with the client we established the ‘Number’ required to fund his desired lifestyle.
The Results:
1.
In identifying this ‘Number’, the client then realized this was very achievable with the right strategy in place, thus allowing him to reduce his hours to a normal working week.
2.
Concerned about the current economic difficulties and how they will affect my family’s future.
2.
By having a Financial Plan based on agreed assumptions, which is reviewed annually, the client could make informed choices regarding his finances.
2.
The client felt in control of his financial affairs for the first time.
3.
Concerns about the performance of my investments and the impact this will have on my retirement. Frustration due to the lack of communication from providers.
3.
We reviewed the clients existing arrangements in terms of costs and benefits including investment performance. We consolidated three existing pension arrangements into a Self Directed Personal Pension.
3.
This fee-based transparent arrangement reduced investment costs and returned control of the investments to the client, whilst taking account of his risk profile.
Joe McGuinness & Co. Ltd trading as framework financial is regulated by the Financial Regulator
: Suite 2, Northside Enterprise Centre, Bunratty Drive, Dublin 17, Ireland
