Financial Planning advice has come a long way and during that journey Boutique have built some unique tools that help our clients make more Confident Life Decisions about their Wealth.
What is LifePlan Modelling?
LifePlan Modelling is a visual Financial Planning Advice journey builder. Boutique have uniquely developed this as an integral part of our client journey. Our clients love it as it is a very visual and easy to understand view of all the options open to them and allows us to scenario plan their whole financial life.
How does it differ from a traditional Financial Plan?
A traditional Financial Plan is generally a financial advice document that specifically focuses on your financial goals only. LifePlan Modelling on the other hand, has a completely different purpose.
It focuses on planning a future together, based on your shared goals, the purpose and intent of money and most importantly the concept of “how much is enough?”. We still will prepare a financial advice document but the centrepiece of what we do is strategy driven.
Who needs LifePlan Modelling?
LifePlan Modelling is a great way for couples and families of all sorts to get money out in the open. It’s also ideal for laying down the ground rules between you and your partner about spending, saving and many more crucial conversations.
What to expect from LifePlan Modelling?
The journey begins by examining the state of your finances. We will explore with both of you everything about how to make money work but on a personal and practical level.
This includes a close-up look at your current finances and then developing a strategy to guide you towards what is important to both of you. For busy professional families there might be a focus on paying for your debt reduction, children’s education, managing cash flow better, buying or starting a business, a comfortable retirement, protecting your family with insurance, or maybe all of the above.
LifePlan Modelling is a visual representation of your life, with your goals and milestones all clearly planned.
It starts with a conversation about:
- What is important about money to each of you.
- What goals do you have and how they relate to the purpose of money.
- What you currently have and what you owe.
- What’s working and what isn’t with how you save and spend.
- What money could help you achieve together and as individuals.
- How much is realistically enough to do all the things you want to do in life.
To talk to a Boutique Adviser about your own LifePlan, contact us