Our Financial Planning Demonstration [VIDEO]

Video Transcript

Hi, I’m Sam and I’m one of the financial planners here at Drewberry.

I’m going to talk you through this demonstration about how we help our clients. As a business, our sole aim is to improve our clients’ financial wellbeing. We focus on providing a 5-star service by truly understanding your needs and utilising cutting edge technology to help view your future.

The Drewberry Team

This is me and this is my team here. Jonathan and Casey are are the real brains behind the scenes and, between us, we ensure that all our clients are properly looked after. The added advantage is that there’s always someone available to speak to when needed.

Jonathan Cooper
Senior Paraplanner at Drewberry

Casey Goodwin
Paraplanner at Drewberry

The Discovery Meeting

We start with your discovery meeting. For us to provide the best possible advice, we need to know about you. We need to understand about how you got to where you are today and what you want to achieve in the future. We do this by discussing the key areas in your life.

Every client I speak to has their own concerns and experiences, which often come out during this part of the conversation.

Once we have completed your discovery meeting, we’ll have a good understanding of what’s important to you. At this stage, many of my clients are unsure as to what their pensions and investments are doing and where they are. So now we need to do the legwork, gather all this information, crunch the numbers and ensure that we fully understand your current financial position.

Your Financial Plan

So, what does a financial plan look like? Having gathered all the financial information, we’ll start building out your financial model.

Once we’ve built your financial model, we can start answering your questions and start planning for your future.

As an example, this client wants to know if they were on track for the retirement they wanted given their financial position and some of the key things that they wanted to do in retirement.

There was a significant shortfall, which you can see here highlighted in red. So how do we address such a shortfall? One of the key areas of financial planning is to ensure you invest appropriately.

For this client, their assets were mainly held in cash deposits. Given their assets due to risk in the current age, their poorly-arranged investments were a key factor in their retirement shortfall.

Through altering the mix of assets employed across the client’s pension, investments and savings, we can help mitigate that shortfall.

One of the biggest problems we encounter with clients who manage their own investments is poor asset allocation, with the client ultimately losing out.

Meet Steven…

Meet Steven. Steven came to us not knowing what his financial future looked like. He did not know where his pensions were or how they were performing. And his biggest fear was that he might need to go back to an employed role to achieve the type of retirement he wanted.

Whilst building his financial model, we found pensions that he was not aware of and valuable benefits and structures that also could be improved.

So now Steven now feels he’s in control of his financial destiny and most importantly, he can enjoy running his own business.

When Can You Retire?

Another common question from our clients is: When can I afford to retire?

The first model we built for this client was based on retirement age of 65, which resulted in a large surplus in later years. The top graph shows their expenditure for each year. The bottom graph shows their assets continuing to grow throughout their retirement.

The question was, therefore, well how much earlier could I retire? By stress testing against their retirement income needs, the model shows that retirement is possible much earlier than they thought.

Meet Paul…

A good example of this is our client Paul. Paul came to us thinking that he would be retiring at state pension age. But, following our analysis, his pension and his financial plan clearly demonstrated that he could retire much sooner than this.

I think buying time for our clients is probably the most valuable and rewarding part of financial planning.

In addition to the above, some of the most common questions I get asked by my clients include whether I’m able to help my children get on the property ladder and what happens if there’s a market crash? Will this affect my retirement?

I hope this is provided a better insight into how we as a company help our clients. And if you’d like to find out more or have any questions of your own, please do get in touch.

Why Speak to Us?

We started Drewberry because we were tired of being treated like a number. We want to give you as our client the service you deserve when discussing matters as important as planning your financial future.

Below are just a few reasons why it makes sense to let us help:

• See your financial future
  Our sophisticated financial modelling technology visually maps out your financial future. Get a living financial plan that clearly shows what you can achieve depending on the decisions you make — read more here.
• Achieve the retirement you deserve
  Can you afford that dream round-the-world trip? Can you help your children onto the property ladder? We’ll model your goals and build your financial plan to help you achieve them.
• Our expertise saves you time and provides peace of mind
  We take care of it all, from organising your pensions, investing your assets, managing risk and making the most of your tax allowances.
• We’ve got bargaining power on our side
  This allows us to negotiate better rates for you than dealing with providers yourself.
• You’ll speak to a dedicated expert from start to finish
  You’ll speak to a named expert with a direct phone line and email. No more call centres and machines asking you to press this and that — you’ll speak to someone who knows you.
• Benefit from our 5-star service
  We pride ourselves on providing 5-star service, as seen in our 3763 and growing independent client reviews rating us at 4.92 / 5.
• Gain the protection of regulated advice
  Our regulated advice service means you are protected. We’re responsible for the decisions we help you make. Doing it yourself or going direct to a provider doesn’t offer this protection, so you won’t benefit from these securities.