Personal financial planning entails the development of a plan to meet your financial objectives, such as gaining the ability to retire at a certain age, protecting against morbidity and mortality risks or succession planning.  

Who Needs Personal Financial Advice?  

While everyone can potentially benefit from professional financial advice, it is particularly valuable during major life transitions and milestones such as: 

  • Getting married. 
  • Having children. 
  • Selling a business. 
  • Nearing retirement.  
  • Dealing with aging parents. 
  • Receiving an inheritance. 


Property portfolio owners tend to have additional questions, such as: 

  • Do I pay down mortgage debt or invest in additional properties? 
  • How can investments compliment my property portfolio in retirement? 
  • Should I carry debt into retirement? 
  • What estate planning can I undertake to transfer properties tax-efficiently? 


They also tend to have more complex questions, that are best dealt with in conjunction with an accountant and solicitor such as: 

  • Should I opt for an investment company or form of partnership? 
  • What are the advantages of Trusts? 


Irrespective of the complexity of the situation, we adhere to the same process below.  

Our Process 

We follow the process of the financial planning “wheel” which is central to being a chartered firm. This is a useful process for any financial decision.  


1. Identify Objectives: the aim here is to qualify and quantify financial objectives, such as career plans, retirement or succession planning. Some will use the SMART acronym, which can be helpful. 

2. Collate net wealth, income and expenditure: a complete financial picture is required and includes key financial information, such as age, marital status, children, wills, insurance, powers of attorney.

3. Analyse, analyse, analyse! The asset base and annual cashflow can be used to estimate whether long term objectives can be achieved, assuming conservative figures for inflation, growth and costs.  

This is also an opportunity to analyse the asset base itself and consider strengths and weaknesses, opportunities and threats (you guessed it – SWOT). And consider how objectives could benefit from any changes.  

The other key aspect is that we utilise lifetime cashflow forecasting to assess whether the goals are acho9eveable. And, if not, what needs to change so that they are. 

4. The Plan: For an adviser, this represents a formal reporting of the above. When taking a DIY approach, it still makes sense to put it in writing. 

5. Implement: I’d argue that, with a sound plan behind you, it is easier to work through issues encountered at this stage.  

6. Review: Financial planning is an “iterative process”. Objectives, personal circumstances, assets, income, expenditure all change over time, thus the need to revisit and review on a regular basis.  


Our Services 

We are wealth managers, so we provide: 

  1. Financial planning – adherence and delivery of the above process.  
  2. Tax planning – we are not accountants, so we don’t complete tax returns. We are, however, happy to spot opportunities and utilise the tax efficiencies of the products we deal with.
  3. Investment services – we offer a full range of risk rated portfolios and investment styles to suit all requirements.  


A good adviser can provide objective, comprehensive guidance for growing your wealth in alignment with your goals and situation.  

Our team at Fiducia Wealth Management are accustomed to working with property investors to help them meet their financial goals. Should you wish to find out more, contact our team to arrange a free initial meeting.