Chartered Financial Planner helping individuals, families and businesses across the South East of England. TMC Financial Consultancy LLP is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).
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Winchester, England SO22 6SG, GB
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What a fantastic couple of days spent at The Grove in Herts. 💡 Receiving insight from the Executive Committee on the future direction of the business and sharing best practice with some of the most highly qualified and successful financial planners in the industry. Rounded off with a meal in support of the St. James’s Place Charitable Foundation. A staggering ~£240k raised in donations from the SJP community. 💰
What's your 'magic number'? 🐇 🎩 I'm not a huge fan of rules of thumb within finance as every client situation is unique. However, I do sometimes refer to the magic number with prospective clients. The magic number gives you a rough idea of how big your pension pot(s) should be at retirement (assuming age 65). Take your desired annual (before tax) income in retirement x 25 = required pot size. So, as an example... £40,000 per annum x 25 = £1m pot(s) size. 😮 This may sound a stretch but remember to consider other income sources: The full State Pension is currently £11,502.40 per annum. ✅ You may have defined benefit (final salary) schemes available. ✅ You may have investment or property income. ✅ All of which lower the amount of income your pension pot(s) need to provide. Lastly, don't forget inflation. It may not strike you as one of your biggest risks in retirement but, for most, it is. 💸 Retirement planning is fraught with complexity and one of the areas a good financial planner can really add value. 💡 #MagicNumber #Retirement #FinancialPlanning
Quite a collective achievement. 💡 And whilst it's early days, absolutely stellar performance from the Polaris range. 📈 Well done to the St. James’s Place investment team 👏 https://lnkd.in/ee2hH4ke
😥 "Markets tumble as worries grow" 😖 "FTSE slides 2% on US recession fears" 😮 "Asia stocks plunge overnight" Just 3 of many similar headlines released this weekend. 📰 Remember, newspaper headlines are designed to excite and promote action. The editor wants you to click their article or buy their newspaper 💸. I even read one publication "advising" how investors should rearrange their investment portfolios based on recent news! ❌ The desire to take action when facing distressing situations is hard wired into humans. Whilst this 'fight or flight' helped our ancestors when stumbling across mountain lions 🦁 or trying to escape packs of wolves 🐺 it does not serve us well when dealing with our finances and, in particular, the cyclical nature of stock markets. A conscious decision not to take action is action in its own right. ✔ Don't fall prey to the sirens 📢.
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Retirement planning is crucial for a happy and enjoyable retirement and an area where Financial Planners can provide immense value to their clients. 🏖 Moving from saving to spending can be a complex transition, both technically and emotionally. When preparing for retirement, clients must carefully evaluate their spending needs from the early stages of retirement to later years. While each individual's financial goals may vary, the Pensions and Lifetime Savings Association offers a useful resource on Retirement Living Standards. What does a comfortable retirement look like to you? Check the link below and feel free to share with anyone who may have an interest. 👇 https://lnkd.in/ek54Gks6 #RetirementPlanning #FinancialPlanners #RetirementLivingStandards 🌟
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Since its establishment in 1992, the St. James’s Place foundation has helped thousands of charities across the UK. ❤️ In 2023 alone the foundation granted/pledged £14.5m in support to charities and good causes. 💰 Have a listen to how Jamie’s Farm is helping young people.👇 Amazing work! 👏 👏 👏
Enough by Paul Armson 📚 is a great place to start for those struggling to articulate what 'enough' looks like for them.
The concept of 'enough'. 💡 I met with a couple yesterday who have been saving diligently towards their retirement for several decades 📈 . Unfortunately, prior to our meeting, they hadn't articulated what 'enough' looks like for them in retirement. 😵 Having helped them with this, it became apparent that they already have more than 'enough'. So, following our conversation, they are making plans to retire early next year to pursue those bucket list items. 👏 Be careful not to fall into the trap of always wanting a little more and saving for the sake of saving. The richest person in the room is not the one who has the most, it's the one who is satisfied with what they have. #Enough #FinancialPlanning #Goals
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Great day gaining valuable insights into portfolio construction, asset allocation and risk management.💡 Plenty of takeaways from all four external speakers - Ninety One, Redwheel, Axiom & Columbia Threadneedle Investments EMEA APAC . Thanks to Andrew Shaw and the wider SJP team for organising. 👏
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📰 Delighted to have featured in The Times on Saturday as part of VouchedFor’s 2024 Top Rated Financial Advisers. The last couple of years have been some of the most enjoyable I’ve ever had. A massive shout out to our amazing clients who took the time to leave a review and made it all possible. 🙏 A special thank you to David Jenkins, Carolyn Bond, Ray Smith & the wider Partnership for all your help along the way. TMC Financial Consultancy LLP