During World War II, Winston Churchill said that “he who fails to plan is planning to fail”. While we don’t believe that people necessarily plan to fail, no-one would deny that having a plan of some description is better than having no plan at all.
We have taken business planning principles into the personal finance arena, ascertaining with our clients where they are now, where they want to be in ten years’ time, and how they are going to get there. Our two main planning tools are lifetime cash-flow models, and financial independence models. Our sophisticated tools summarise complex data and concepts so that our clients have a straight-forward view of their finances going forward.
Of course inflation, investment returns and life itself do not always run in straight lines. This is why we meet clients regularly; we re-run our models and present clients with updated recommendations to make sure that they remain on track.