Financial Planning

Why use Singular Financial Planning Ltd?

Our clients tell us that one of the main reasons for using Singular Financial Planning Ltd is that our planning gives them the confidence to live their life free from fears of running out of money.

We do this by putting clients at the centre of our process.

How do we do this?

We start by looking at your concerns and aspirations.  Many of our clients either don't really know what they want or are afraid to voice it in case it is unachievable.

We will ask what it is that you really, really, really, want to do, to have or achieve, in your lifetime.   We are then likely to ask how long and hard are you prepared to work for this.  Very little comes without effort or sacrifice of some form or other and we will all be prepared to prioritise between wants and desires and effort to achieve them.   But for us at Singular it is all about what you want to achieve and are prepared to work for (in the broadest sense).

For those in work, our aim is to help you achieve financial independence, i.e. that point in life where you have sufficient assets or secure income (other than from employment) where it is no longer necessary for you to work if you don't want to.

For those already retired it is to ensure you can maintain your desired lifestyle and perhaps, where appropriate, we can help you plan how best to pass on your accumulated wealth to family, or to leave a lasting legacy for the benefit of your community or beyond.

We work with you to develop a plan enabling you to take control over your finances rather than them controlling what you feel able to do.  Once you achieve financial independence we continue to work with you to ensure you maintain it.

Circumstances change, so even the best laid plans need to be adaptable.  As you go through life assumptions as to what will happen may prove to be wrong and, if left unchecked, may make any current plans useless for the longer term.

It is essential that the plan is your plan and not ours as inevitably you will need to take action for it to be effective.  We, for our part, will monitor your situation and, by providing regular reviews, will help you make any adjustments to your plan that become necessary to keep you on track.

Your understanding of investment risk is vital to our process.  Unless you fully understand the relationship between risk and reward and have realistic expectations in respect of the returns from your investments there are always going to be grounds for disappointment.

Your attitude to risk is a measure of how you feel and are likely to react to different financial risks.  Taken alone, this provides only a partial picture of how you should view risk, so we also consider the consequences of loss and the need to take risk in terms of meeting your goals.

For most of us to achieve our financial goals we have to accept some degree of financial risk and, for some, this discussion can be uncomfortable.  For a lucky few there may be no need to take avoidable risks but many are prepared to do so in order to seek higher returns for reasons other than just need.

We are not prescriptive in our approach to investment management and are flexible in our approach in order to meet our clients' requirements.

Finally, it is important that you understand how we are paid.  We charge fees for all the work we carry out for clients.  We will agree these in advance wherever possible. Where financial products are involved we have a set fee schedule which does not differentiate between products.  Our advice is independent and unbiased and where product purchases are concerned if you prefer to arrange them yourself we are comfortable with this, although we have set our charges at what we believe are reasonably competitive rates.

Because we charge fees for our advice we do not need to sell you financial products and will only do so if you agree there is a definite need.

Money Management Financial Planner of the Year Awards 2010. Winner, investment companies planner. Runner-up, multi manager planner.