Our Process

THE CAPS LIFESTYLE FINANCIAL PLANNING PROCESS

1. DETAILED FACT FIND

Having agreed to engage with CAPS Financial, we will begin by working with you to gather any further required information following the initial consultation.

Simplifying the process

As part of this stage, we can save you the time and effort of wading through piles of pension and investments paperwork and help you with any confusing financial terminology. By providing a simple ‘Letter of Authority’ we can usually work directly with the financial service providers to obtain the necessary information.

Clarifying your objectives

This stage will give you the opportunity to think more clearly, and in tangible financial terms, about your lifestyle ambitions. Based on our prior experience of working with many other clients, we can suggest appropriate budgets, for example, for retirement spending, putting the children through university, the potential need for care in old age etc. By thinking carefully about your current expenditure and likely future requirements, you will be taking a big step closer to your new life – whether that’s retirement, a radical career change or a bucket list adventure!

2. THE CAPS LIFESTYLE FINANCIAL PLAN

Your comprehensive Lifestyle Financial Planning Report

Analysis

Analysing all the information provided, we will summarise your Net Worth, Sources of Income and Estimated Expenditure.

Using sophisticated, market-leading financial projection software, we will then generate a detailed Cash Flow and Wealth Forecast.

When we present our recommendations, we can then use the financial software in real-time to model different scenarios that you wish to explore, such as alternative spending patterns, earlier/later retirement ages or a transition to part-time work.

The analysis, recommendations and action plan, together with the financial projections will be documented in a bespoke report.

Recommendations & Action Plan

We will provide you with recommendations and prepare a comprehensive action plan that will best support your lifestyle aspirations. This will include:

Analysis of current income vs expenditure
Optimal savings vehicles e.g. bank savings vs Individual Savings Accounts (ISAs) vs pensions vs other products
Pension plan analysis (company and personal)
Investment strategy – See our Investment Proposition
Tax efficiency (income, capital gains, savings interest, dividends, inheritance etc.)
Protection/insurance requirements
Mortgage / other debt strategy

3. ONGOING FINANCIAL PLANNING SUPPORT

We will support the implementation of any agreed changes to your financial arrangements. This may involve setting-up, changing or consolidating arrangements such as ISAs, pension plans and financial protection such as critical health/life/private medical insurance.

Financial planning is not a one-off exercise; your plan will constantly change as your life circumstances and the economic environment changes.

Our support is ongoing, and we will review your arrangements at least annually, adjusting the plan to reflect your latest situation, future lifestyle plans, changes in asset values and so on. The goal is to provide complete peace of mind that your future is taken care of and that you are not leaving anything to chance.

Life changes!

We recognise that in reality, nothing stays the same. These are some very typical scenarios that make our Ongoing Financial Planning Support stage a valuable part of the CAPS Lifestyle Financial Planning process:

changes in asset values
changes in tax/pension rules
change in income and expenditure patterns
inheritance
retirement
career change
sabbatical
becoming a carer
death in the family
birth of a child / maternity leave
Illness / mental health issues
change in the number of people financially dependent on you (children leaving/children returning!)

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HERE WHEN YOU NEED US

Unlike other advisors we do not specify a single annual meeting; we are here as and when you need us. In certain situations, such as a redundancy, retirement, death in the family etc, that may involve multiple meetings and significant adjustments to your financial plan. In other periods there may be less requirement to meet as frequently. Our service is flexible to fit your needs.

REALISE YOUR LIFESTYLE AMBITIONS

CONTACT CAPS FINANCIAL TODAY ON:

TELEPHONE EMAIL

Prestbury, Cheshire

Customer Enquiry