Financial Planning

Financial planning is making informed decisions about the best ways to invest your money and grow your assets. At Endeavour Financial Planning, we help clients in the Wirral area and beyond to manage their finances. Call Endeavour Financial Planning today for a free no obligation discussion on your money goals.

Financial planning is about being in control of your money.

Goals

Financial planning starts with deciding on your financial goals for the short, medium and long term.

Short and medium term goals could include investing so you can reach a capital sum goal. Long term financial planning is how to prepare for retirement so that you have an adequate pension to draw upon. You need also to consider what happens to your wealth after you die.

You also need to look at insurance to protect yourself from unexpected events.

Assets

Once you’ve established your goals, work out your assets and liabilities. Calculating these will enable you to arrive at an amount that you can comfortably afford to invest each month. You may also have access to a lump sum, perhaps in a low interest account, that could be switched to a better investment.

Create the plan

A financial plan is like a route map to your financial goals. Few individuals are financial experts, so it helps to discuss your plans with a financial planning adviser who has a wide range of knowledge of investment products.

A financial adviser will also advise on the level of risks for each investment that you are considering. You may be willing to take a reasonable amount of risk in return for possible high returns by investing in the stock market or prefer lower risk strategies that may not make such a return but will be safer.

Implement the plan

Once the plan has been decided then it’s time to implement it. You can arrange the investments yourself or you could hand your financial management to a wealth management company that will do the work for you.

Review the plan

After a financial plan is in place it helps to regularly review it. There may be some investments not performing as well as expected, in which case you may consider switching to a better yielding investment, or your personal circumstances or goals may change.

Start today

Take the first step to creating your financial plan and consult Endeavour Financial Planning today. We have have helped many residents in the Wirral area with their financial plans. Contact Endeavour Financial Planning for a discussion on how we can help you grow your wealth.
Investments – The value of units can fall as well as rise, and you may not get back all your original investment.

Speak to us about Financial Planning today

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