Background
Mr & Mrs Business Owner aged 56 and 51, Married with two children at University. Wanted to maintain and protect wealth and find a work / life balance.
Concerns
- Disillusioned with the poor performance of pensions & investments.
- High liability to IHT c. £.700,000.
What we did
- Created a financial plan which:
- Established their true goals and objectives.
- Agreed a strategy to increase income from investments and pensions over the next 5 years.
- Insured the underlying IHT liability.
- Developed a bespoke investment strategy across their investments and pensions, in line with their risk tolerances.
- c) Referred him back to his accountants to discuss his exit planning.
The results
- Client reduced his working week.
- Simplified their investments and reduced the overall risk.
- Reduced their IHT exposure.