Lovewell Blake Financial Planning

Financial planning is centred around creating a long-term, coherent strategy to help you meet your lifetime financial goals and aspirations, through the efficient management of your finances. It is about giving you peace of mind if you are “on track” and creating a roadmap for your finances if you aren’t. Think of financial planning like you would think about planning a journey - everyone needs a little help along the way.

A financial plan is unique, and it is designed around your requirements. Typically, we focus on your most pressing, and important needs foremost. In terms of the scope of what is covered, we have provided a list of the key areas that will form part of your personal, financial plan.

• Objective planning
• Financial forecasting
• Disaster planning
• Financial budgeting
• Emergency fund
• Financial protection
• Tax planning
• Saving and investment planning
• Retirement planning
• Estate planning
• Family financial planning.

Yes, however completing this journey alone without the skilled services of a financial adviser could be fraught with risk. We would encourage you to enlist the services of a financial adviser at Lovewell Blake Financial Planning Limited to maximise the opportunities available to you, and your loved ones. Lovewell Blake Financial Planning Limited will help you alleviate any burden you might have by using years of experience, knowledge, expertise, and practice, ensuring that all aspects of a financial plan, and maximising the various tax wrappers are considered carefully and executed promptly and appropriately.

Efficiently managing your investments and making the right financial decisions takes time, knowledge, and effort. It’s not a one-time decision, either. With time representing a precious commodity for most of us, utilising the expertise of a financial adviser could not just save you and your family time, but it could save you money too. Time is money, and there could be a significant cost to delaying the right financial decisions or prolonging the wrong ones. Our existing clients value our services and many have had a longstanding relationship with our financial advisers that extend to their relatives, and businesses.

At Lovewell Blake Financial Planning, we will recommend a suitable investment product that fits in with your financial plan. We will do this by researching the whole of the marketplace. Separately, we will establish your attitude to investment risk by completing a risk-profiling questionnaire to assist us in designing an investment portfolio for your proposed investment that is commensurate with your chosen level of investment risk. Each year, we will review the product, and its associated investment strategy to ensure it remains suitable and is on track to achieve the investment objectives that were agreed from outset.

Budgeting normally concentrates on the short-term, with an objective in sight. This could be to reduce debt, or save for a family holiday, and is normally centred around your money. Financial planning, however, takes a long-term view on your finances, liabilities, savings, investments, retirement aspirations, and protecting you, and your loved ones.

Lovewell Blake Financial Planning Limited (LBFP) was formed in 1999 by the partners of Lovewell Blake Chartered Accountants. From those early beginnings the company has grown into one of the largest teams of independent advisers in East Anglia with a combined industry experience of over 150 years. We currently look after over £600million of our clients’ investments and pension funds. Our growth is due to our client relationships, with clients returning year after year to review their aims and objectives. We work closely with our accountancy colleagues to provide integrated financial and tax planning solutions to meet our clients’ needs. In doing so, we have been recognised as one of the top financial advisory firms in the UK for the third year running. Moreover, in 2020, we attained the ‘Pension Transfer Gold Standard’ award. This is an industry recognised award and an endorsement of a series of both quality measures, and best practices. We pride ourselves on a commitment to professionalism and a Code of Ethics that places clients at the heart of our business, which elevates the importance and value of financial wellbeing through financial planning and investment advice.

The 4% rule is geared around retirement at age 65. If you wish to retire earlier, there is more of a risk that your retirement funds may not last for the whole of your retirement.

Traditionally, the 4% pension rule is broken down into a 60-40 split of stock and bonds. This combination has a low volatility and a relatively steady income which is due to the fact that it combines higher-yielding stocks with a buffer of low-risk fixed investment bonds.

Most pension schemes will allow a spouse or beneficiary to receive the remaining value of your entire fund (less tax in some cases) in the event of your death. The receiver of the funds can then decide whether to continue with the level of the previous 4% payment or set a new one. It is generally recommended that at this stage, you seek financial advice to determine a suitable level of income payment.