Financial freedom is one of the key destinations in life that we all work hard to get to; it is the point at which assets can free a person from work. For most people, their financial freedom point is when they can afford to retire.
Our Financial Freedom service is a complete financial planning service encompassing all aspects of a client’s financial situation. It takes them from where they are today to where they want to be in the future.
Achieving financial freedom will depend upon your choices and your talents. It is also shaped by the savings you have made and the kind of lifestyle you want. It will be a very personal journey. When we hold our first financial planning meeting you should have given thought to the lifestyle you are aiming for. This will help to form your financial freedom target.
Many of us are intuitively aware that there may be conflict between our goals and our motivations. These situations are quite common. For example, we want high returns, but don’t want to take risk; one is not possible without the other. By exploring your options we will seek to resolve such conflicts.
Commonly the journey to financial freedom will not be taken alone; we encourage you to include other parties such as spouse, partner, children or even other trusted professional advisers.
We take care to understand you as an individual. We will strive to establish an appropriate investment risk & reward profile to meet your objectives. When it comes to obtaining returns from investment assets there are two distinct approaches; passive and active. There has been much debate regarding the relative merits of each approach; our preference is for active investment management. Nonetheless, when implementing a portfolio or reviewing an existing investment, we will tailor our recommendations to your preferences.
By the end of the financial planning process, we will have reviewed your financial position, agreed your financial plan, priorities, budget and preferred investment approach.
Any recommendations we make will be confirmed in writing within a personal report describing your financial plan and confirming our full recommendations, it will contain full details of the products recommended (for example, the agreed contribution and the minimum term or duration of the products) and highlight any special risks associated with these products. It will additionally confirm any restrictions placed on the advice provided, such as the type of products or providers you are willing to consider.
Your financial plan will include the tax planning opportunities and financial planning options that we consider suitable for a retail client. Such planning options may, on occasion, require specialist advice. Where specialist expertise is considered suitable we will provide details of this within your report. Please note that the Financial Conduct Authority does not regulate tax advice.
Creating a financial plan and commencing financial arrangements is not an end in itself. Instead it is usually just a means to an end; meeting a future objective, funding an important life-event, passing wealth to someone else – or simply opening up options that wouldn’t otherwise be achievable. To ensure the financial plan remains relevant, or an investment strategy is achieving its targets, Black Swan Financial Management provides ongoing advice and reviews.
Black Swan Financial Management Limited is authorised and regulated by the Financial Conduct Authority (466128). The Financial Conduct Authority does not regulate tax, legal advice or cash flow modelling.
The information contained within this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk
Black Swan Financial Management Limited is registered in England and Wales (6002491) at White Hart House, Silwood Road, Ascot, SL5 0PY.