Personal Financial Plan?
A Personal Financial plan is quite simply a roadmap to financial peace of mind for now & the future. Having a plan ensures you’re more likely to fulfil your financial goals, plan for retirement, protect your hard-earned money and ensure you are availing of the best tax-back incentives available. It involves taking a deep dive into your current financial situation, assessing what’s working, what’s not working and what your goals are in 5, 10 or even 40 years’ time.
Comprehensive Financial Planning
Assess your current financial situation.
Establish goals and set realistic targets.
Visual online forecast of your financial future up to age 100 including in-depth risk assessment.
Tailored Investment & Pension solutions.
Full Mortgage review to increase your savings or assistance as a first time buyer.
Review current insurance and protection policies to generate additional savings.
Protect your income & household
Planning for the Future
A key advantage of having a solid plan for the future is the peace of mind it provides. With a clear roadmap in place, you can feel assured that you’re making the right moves toward achieving your financial aspirations and securing a stable future. Knowing that a team of seasoned experts is supporting you through the intricacies of the financial landscape allows you to relax, confident that you’re in capable hands.
As you journey through life, your financial objectives and requirements may evolve. That’s why, when we meet you, we take a comprehensive approach to fully understand your current financial situation and future ambitions. We begin by evaluating your assets, income and expenses and then work with you to establish your long-term goals and objectives.
Monitoring and Adjustments
An FPMS financial plan is a continuous process rather than a one-time setup. Our team of financial planners conducts annual reviews of your plan to ensure it remains aligned with your goals. We make necessary adjustments to accommodate any changes in your personal circumstances or shifts in the broader financial landscape, keeping your strategy relevant and effective.
If you still have any questions, please make an enquiry, or freephone us, and we will be happy to assist you.
The Cashflow Modelling
An important part of a personal financial plan is Online Cashflow Modelling, which helps us create scenarios that allows you to visualise how your financial future situation may look using different scenarios, alongside stress-testing the proposed solutions up to 10,000 times using deterministic modelling. The reasoning behind this is.. Markets don’t behave in a linear fashion, neither should the cashflow model. The stress test, called ‘Monte Carlo’ will take into account your current attitude towards risk, market trends and provide a pessimistic, optimistic and average outcome lines which you can see below.
Based on your goals and using prudent assumptions, The Cashflow Modelling view will show you in real time how much money you have now, will have in the future, and how your familys future could potentially be affected by unplanned events such as loss of income, illness or even death.
The idea is that it gives you a detailed vision of your financial future and better context for making further financial decisions. As an example, it would show you how your wealth would be affected if you were to buy a property in 5 or 10 years, start a new business, investing money or taking a dream holiday. Or even what your options would be if you were to experience a sudden windfall.
Your online portal can be refreshed and updated as your life progresses so it always gives you a true picture of your financial future.
Trusted Partnerships
We work with some of the top Insurance and Financial Investment companies in Ireland: