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How we secure your financial data

How we secure your financial data

Have you ever heard the shocking stories about how financial institutions lose their clients' data - causing real worries for their clients?  We take our responsibilities in this area very seriously, so we thought it would be useful to document how we secure your...

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Delaying the state pension – how & why

Delaying the state pension – how & why

You may be approaching your state retirement age, but might be thinking that you do not actually need to take this money.  Perhaps you do not need the income, or you might be planning to carry on working or earning after that period.  If you do not need to take the...

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Investment risk

Investment risk

This post is part of a series on investment theory and philosophy. About investment risk Investment management is all about managing risk.  All investments involve some sort of risk, from almost no risk, to a high level of risk.  In general terms it can be said that...

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Avoid the regrets of the dying

Avoid the regrets of the dying

I recently read an interesting post on the regrets of the dying. This was a blog post written by a former palliative care nurse, who shared her thoughts on the regrets people shared with her as they faced their own death.  It seems that we can all take stock of our...

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Financial planning and inflation

Financial planning and inflation

Inflation is a big part of financial planning, since it is one of the biggest reasons why people do not achieve their long-term goals.  Inflation is the general increase in costs to buy goods over time.  In the UK this is measured by the Retail Prices Index (RPI) and...

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Business exit strategy

Business exit strategy

  When we talk to business owners, they usually tell us that their business is their pension.  Of course, this may be true, but it can be notoriously difficult to quantify this since a business will only be worth what someone else is prepared to pay for it. We...

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Protecting your wealth

Protecting your wealth

You may feel invincible now, but have you ever considered how you will cope financially if something goes wrong with your job or your health? A key part of your financial plan should be to protect your current and future lifestyle.  You do this already (because the...

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Emergency funds

Emergency funds

We read somewhere recently, that the average person in the UK has enough savings to last for around 50 days.  If that's the average, then there are many out there who have much less than this put aside. What we are getting at here is an emergency fund.  That is an...

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Pay your debts off early

Pay your debts off early

Debt is a fact of life for most people. However, paying your debt on time should not be seen as financial maturity. You really should work towards being debt-free as quickly as is possible. Don’t forget that we class debt as someone else’s asset, so by continuing to owe money, you are actually feathering someone else’s nest rather than your own.

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Family protection

Family protection

Many people forget about protection in their financial plan, partly because they do not wish to face such issues, and partly because protection does not necessarily advance their goals. However, we see this as a vital foundation for your future financial prosperity, because if something goes wrong this can be devastating on your future financial stability. At best, this can take time to recover; at worst, it can completely derail your financial plans.

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Dan Woodruff. Certified Financial Planner and Chartered Wealth Manager, Colchester, Essex

Unit 5, Park Lane Business Centre, Park Lane, Langham, Colchester, Essex CO4 5WR

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