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CASE STUDY
Sudden wealth through divorce
We are proud to provide sound financial advice to clients with wide-ranging financial circumstances and goals.
CASE STUDIES
The Client
Lisa* sought a financial adviser upon taking control of her finances during her divorce. Her previous experience with professional advice was through her husband, who had handled most of the couple’s financial decisions.
LISA'S STORY
Seeking
peace of mind
Not working, and in possession of an existing small ISA and pension, Lisa wanted to achieve a solid understanding of her financial provisions and the opportunities which may be available following the settlement, and to build a long-term relationship with a trusted professional financial adviser. Lisa wanted to ensure her future was planned for effectively and to gain peace of mind that she would be financially stable in the face of any large unforeseen expenditures.
LISA'S STORY
The Outcome
Through face-to-face meetings with her adviser, Lisa's long-term financial objectives and attitude to risk were determined and her existing provisions were assessed. Conducting a full fact-finding process, her adviser quickly ensured that Lisa was apprised of all her savings and investment funds and products, their values, what fees were being paid, and more.
To resolve Lisa’s concerns about unforeseen expenditures, a new financial plan was developed which specified an increase to her emergency fund, placed in a readily accessible account. Our team then explored whether Lisa could benefit from moving to a provider on our panel, and were indeed able to set her up with a provider with better benefits and lower costs.
With an individually tailored wealth management plan now in place, Lisa benefits from Discretionary Fund Management (DFM) of her investment portfolio, which comprises a range of asset classes and investment types based on her risk appetite and investment horizon.
In routine contact with her adviser, Lisa is kept informed of her funds' performance each quarter. Regular reviews of her financial plan ensure that her arrangements are always in line with her long-term financial objectives. Lisa has expressed that she is now confident that she fully understands the scope of her wealth and is very satisfied with the planning that has been done for her future by the Financial Options Group.
If you would like to discuss your own financial circumstances and objectives with a professional financial adviser, please contact our team via the form below or call us on 0161 764 9944.
*Names and identifying details have been redacted.
The case studies shared above are intended to illustrate the financial planning process. They should not be considered a replacement for individual tailored investment advice. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested.
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