Life’s Big Changes – When Is It Time to Get Help With Your Finances?
Looking after your money gets more complicated as you build it. It stops being just about saving and becomes more to do with your family’s future, making strategic decisions, and not paying more tax than you need to. But how do you know when you’ve outgrown doing it all yourself? When do you need a wealth manager?
This post is designed to help you identify the specific triggers and financial milestones that signal it’s time to partner with a wealth manager.
At Harpur Wealth Management, we believe professional advice should be personal and direct. We’ve spent more than 10 years advising clients in Bedfordshire. This means that we’ve seen firsthand when professional management can make a real difference.
Navigating Life’s Financial Crossroads
It’s often one specific life event that brings you up short and makes you think about your finances differently. These are both emotional and financial crossroads. They can be happy, stressful, or a bit of both, but they all bring new financial complexity. This is when having a financial advisor to help you make sense of your options becomes invaluable.
1. When you receive an inheritance
It’s often an emotional time and a wealth manager can offer you the information you need, and the space you require, to make clear decisions. We help you work through the many potential uses of your inheritance, whether that’s to support your family, pay off debt, or build a legacy of your own.
2. When you’re going through a divorce or separation
Untangling joint finances is complicated and stressful. We can offer an objective, expert view. We work with your solicitor to ensure a fair settlement, help you achieve clarity about what your new financial life will look like, and build a new financial plan to give you confidence and security as you move forward.
3. When a new baby arrives
It’s a wonderful moment, and it also brings new responsibilities. We help you shift your financial focus from just “you” to “your family.” This means reviewing your life cover, setting up tax-efficient savings for your child’s education (like Junior ISAs), and updating your will to ensure they are protected, no matter what.
4. When you decide to take early retirement
The biggest question for people approaching retirement is usually, “Will I have enough?” A wealth manager helps you answer that question confidently. We’ll run projections, create a sustainable income plan (from, for example, pensions, ISAs, and other investments), and structure your finances so that you can enjoy your retirement, without the fear of running out of money.
5. When you sell your business
After all the hard work, you now have a significant lump sum in your bank account. We help you manage the immediate tax considerations and, equally important, make the mental shift from looking after the business to looking after what you’ve built. Together we’ll develop a plan that makes the lump sum work for you, providing an income and securing your family’s future.
Finding Out If We’re the Right Fit
It’s important to us that you feel completely confident before making any decisions. That’s why there’s no charge for our initial consultation.
This first meeting is our chance to understand what has prompted you to contact us, and how we can help. We’ll ask questions to get a clear picture of your financial situation and what you want to achieve. In turn, we’ll explain exactly how we might be able to work with you. This is your opportunity to see if we’re the right people to help you move forward.
Ultimately, we both need to feel it’s a good partnership. There’s no obligation, just a conversation to see if we can help.
Let’s Get Started
We hope this has helped you spot the moments when our advice can make a real difference. The next step is to start a conversation.
An initial consultation is just a chance to see if we can help you build and protect your future. Give the Harpur Wealth team a call on 01234 924620 or book online.
Disclaimer
This article is for information only and must not be considered as financial advice. We always recommend that you seek independent financial advice before making any financial decisions.
The value of your investment can go down as well as up and you may get back less than the amount invested.
‘The Financial Conduct Authority does not regulate taxation advice’
