Helping firms to visualise their financial future.
Robson Laidler Financial Planning (RLFP), based in Jesmond, has incorporated a financial planning tool at the heart of its client offering. The forecasting service allows clients and their advisors to model different "what if" scenarios to improve their financial decision making.
The software allows clients to see their finances mapped out over their lifetime in an easy to use and visually appealing way. This helps the client feel more comfortable with fluctuations in investment markets as they take a long term view.
This is particularly important in the current climate with market volatility following the EU Referendum, which can breed uncertainty and concerns over the future. RLFP has seen turnover increase by 27% in the past 12 months and attributes much of this success to the value clients place on this holistic financial forecasting service.
RLFP was established in 2005 to offer a complementary service to Robson Laidler accountant and business advisors' accountancy and tax clients.
The firm, which continues to grow, is led by husband and wife team Neil and Amanda Cowie, both chartered financial planners, who together have more than 50 years' experience in financial services.
Director Neil Cowie said: "We all want to answer the fundamental question - will I have enough money to meet my lifestyle goals? The core of our business is helping people plan ahead and have financial peace of mind, our financial forecasting technology engages clients in this process.
"In a simple, yet powerful way they can see the effect of retiring early, buying a new home or giving their money away to their family and this helps them make key life decisions.
"If you area business owner for instance, how much do you need to sell your business for to enable you to meet your lifestyle needs? "We find that clients come to us with a diverse collection of products which they have purchased over the years. However, very rarely do these continue to align with their longterm objectives. Our key message is 'planning before products' as we feel that it is imperative for individuals to have a financial plan and concentrate on the outcomes they want.
"It may be that they need to use various financial vehicles to achieve their objectives tax efficiently, however it is the initial plan which is most important."
Chartered financial planner Amanda Cowie said: "We are fortunate in having longstanding relationships with our clients.
"We feel that we can really add value by helping them navigate through the large number of changes to pensions and tax legislation which have been introduced over the past few years."
RLFP's planning service for individuals covers advice relating to: | Retirement | Selling your business | Tax efficient investing | Planning for school and university fees | Inheritance tax | Protection | Later life needs | Specific advice for medical professionals concerning the NHS pension scheme It also offers an automatic enrolment service for company owners requiring a workplace pension scheme to comply with government guidelines.
RLFP provide complimentary financial forecasting consultations. Typically these last around an hour and help individuals focus on what they are looking to achieve financially and whether they need specific advice.
To book a free consultation or to find out more about how RLFP can help you to plan your financial future, tel: 0191 281 8191 or email Amanda Cowie at email@example.com
Our key message is 'planning before products' as we feel that it is imperative for individuals to have a financial plan and concentrate on the outcomes they want. Neil Cowie
Neil and Amanda Cowie with the financial forecasting software
The Robson Laidler Financial Planning team, from left, Elaine Dunn- Main, Emma Purvis, Amanda Cowie and Neil Cowie
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|Publication:||The Journal (Newcastle, England)|
|Date:||Oct 21, 2016|
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