The team at Moore Independent Financial Consultants have been thinking about how we can help our clients with all of their financial challenges in the year ahead. As part of this thinking we’ve identified a few ways in which we believe we help you manage your money better. So here goes…
Take a strategic view with your money
We see our role as helping you to lead the life you want to live, both today and in the future, and that money is simply an enabler of this lifestyle. So we will help you take a longer-term view of your finances, looking at your income, expenditure, assets and liability. We might challenge you on your short-term budgeting, but with a view to helping you to achieve long-term goals! And we’ll help you actually identify those goals, and then work with you into the future to make sure you achieve them and live the life you want.
Stick to the plan
Particularly when investment markets are very volatile, there can be a huge temptation to ignore your financial plan, stay out of the markets and just keep your money in cash. And particularly with events like Brexit and the recent US elections, there has certainly been a lot of volatility and uncertainty around!
However we will help you keep focused on your plan and not react to every bump in the road. Because we’ve seen that these events typically only cause short-term impacts.
Make more informed choices
We all make choices every day in relation to money. Most of these are relatively small and while we can help you with overall budgeting, these are choices you’ll make on your own each day! However we can help you with the big financial decisions that typically will be based on desired lifestyle or other life goals.
This is one we constantly talk to our clients about. We don’t want you lying awake worrying about your investments. That’s why we place a lot of emphasis on fully understanding your risk profile. If you’re not fazed by your investments going up and down frequently, then we may guide you towards a portfolio with risk in it, once you have the capacity to live with that risk. However if you are going to sweat over every movement in the markets, we are more likely to suggest that you minimise the impacts that these movements will have on your portfolio. We’ll ensure that you manage your money, rather than your money managing you!
Build your confidence
This is probably the most valuable impact that we can have. We can bring a realistic picture to manage any financial insecurities you might have. You may be faced with a simpler financial decision and be unsure which way to proceed. In all of these instances we’ll be delighted to provide a 2nd opinion to help you reach your decision, and bolster your confidence in the process.