What is a financial plan and what does it look like?
A financial plan is the landscape of your current finances, your financial goals, and any strategies you've set to achieve those goals. Good financial planning should include details about your cash flow, savings, liabilities, investments, life cover, and any other elements of your finances. It is also highly personal. It considers your personal situation (if you’re married, single, have children or other dependants), risk tolerance, commitments, and any other aspects of your life that can influence your finances. It is meant to create a unique path that, if you stick to it, will lead you to your ultimate financial goal.
I am not sure what my objectives are – can you help me?
Yes. Some of our clients initially find it difficult to articulate what they want to achieve. We can help you ascertain what your objectives are.
Do Lovewell Blake Financial Planning Limited hold my money?
No, we do not hold custody of any client assets.
Do Lovewell Blake Financial Planning Limited have an investment committee?
Our investment committee meets regularly to review the current investment landscape to determine if any changes need to be made to our Centralised Investment Proposition.
Can I access my portfolio online?
Not directly through a Lovewell Blake Financial Planning portal; however, most of the providers we deal with offer online functionality for investors to view their plans.
How are my assets covered under the Financial Services Compensation Scheme?
The Financial Services Compensation Scheme (FSCS) is the UK’s compensation fund of last resort for customers of authorised financial services firms. They may pay compensation if a firm is unable, or likely to be unable, to pay claims against it. This is usually because it has stopped trading, or been declared in default. A wide range of financial products and services such as deposits, investments, pensions, financial advice and insurance is covered.
Different compensation limits apply.
Further information about this compensation scheme arrangement is available from the FSCS website.