Planning for savings and investments is a crucial step towards securing your financial future, whether you’re aiming to build a nest egg for your family, boost your retirement funds, or generate an additional source of income. Your financial goals, current situation, and risk tolerance are essential factors that shape your investment strategy. At Berkshire Financial Planning, we start by helping you define clear, measurable objectives, then create a tailored portfolio designed to meet your specific needs and aspirations.
As a Partner Practice of St. James’s Place, we benefit from their distinctive investment approach, which recognises that no single investment firm holds all the expertise. St. James’s Place does not employ in-house fund managers, instead, they carefully select external fund managers from around the world, ensuring access to the best investment talent available. This flexibility allows them to make adjustments quickly when needed, with no added charges or tax implications for our clients.
This approach also offers a high level of diversification. By spreading your investments across different funds managed by experts with varied strategies, your portfolio can better withstand market fluctuations while aligning with your goals. Whether your focus is on income, growth, or capital preservation, our commitment is to provide a robust investment strategy that helps you plan for the future with confidence.
At Berkshire Financial Planning, we take the responsibility of managing your money seriously. With access to the world-class expertise of St. James’s Place Wealth Management, you can trust that your investments are in good hands, allowing you to focus on your life without worrying about the finer details of where and how your money is invested.
Our first meeting with you is completely without obligation. We view this as a discovery meeting, where we explore your aspirations and understand how we might assist you in achieving your goals. This meeting typically lasts half an hour to an hour.
The aim of the meeting is two-fold:
To determine if you’re on track to meet your goals and objectives, your Financial Planner will need to gather detailed information about your current financial situation. You may also be asked to sign ‘letters of authority’ (LOA), allowing us to liaise directly with your existing product providers to obtain information that may not be available in your regular correspondence.
Before any chargeable work begins, we will arrange a brief follow-up meeting. The purpose of this meeting is to:
This follow-up meeting ensures that you feel comfortable with the advice being provided, understand the reasoning behind it, and have the opportunity to ask any questions before we proceed with a formal recommendation report.
At this meeting, your Financial Planner will present a detailed Financial Planning Report, outlining the reasons for their recommendations and how your financial plan will be implemented.
You will also receive illustrations, documentation, and a reconfirmation of the costs associated with both the initial and ongoing advice and services.
Your Financial Planner will take care of all the necessary paperwork to make you a client of ours and establish your financial plans.
If your plan involves existing arrangements, your Financial Planner will work on your behalf to liaise with third parties, ensuring there are no unnecessary delays in transferring your investments or pension.
Once your investments and pensions are in place, you will receive investment certificates by post. Going forward you will receive quarterly and annual statements of your investments and pensions. You can also access your Wealth Account via the SJP App.
We take pride in building long-term relationships with our clients. Ongoing advice is essential, as your needs and objectives are likely to evolve over time. The ongoing advice fee you pay grants you access to your Financial Planner throughout the year. If your circumstances change or you wish to discuss anything, you can contact your Financial Planner at no additional cost for ad-hoc meetings.
We will reach out to you annually to schedule your formal review meeting. It is important that you engage with your Financial Planner to ensure this crucial review is conducted.
VouchedFor is an independent service which allows individuals to review their financial advisers. Berkshire Financial Planning have been highly recommended by the people we work with.
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