CASE STUDY

wealthCHECK

Just 90 minutes every year is all it takes…

…to be sure your personal finances are all in order and giving you peace of mind that you’re not working hard to make money only for it to leak away due to poor money management.

We’re all busy and a lot the issues we cover during a Personal wealthCHECK review aren’t beyond most people but what is, is the discipline needed to sit down every year and take stock of all their financial affairs.

It took an accident in the family to make one client fully aware of the risks they had previously done nothing about…

When Craig, the husband of Sally Walton-Maxfield, owner of The Oak Treehouse, broke his leg at work it made them stop and think about all the other risks they hadn’t done anything about to protect their family finances.

Sally and Craig realised, that if the accident had happened to Sally, their livelihood would suffer greatly whilst she recovered, as a result of having to find someone to help her run the business, which provides children’s nursery and after-school clubs in Shepshed.

So when Sally mentioned this to Kevin, her Client Adviser here at Marlow Proactive, Kevin organised a meeting with our Director Adam to undertake a full review of her finances.

CLIENT FOCUS

Established in:

Business Type:Nursery & After School Child Care

The Oak Treehouse is a nursery an afterschool child care provider that works in partnership with St Botolphs, Oxley, St Winefrides, and Belton Primary Schools and with Shepshed High School to achieve wrap around care for children of Shepshed and Belton.

For more information about The OakTree House visit their website www.theoaktreehouse.co.uk

WHAT WE DID TO PUT SALLY’S MIND TO REST…

STEP 1

As Sally had an immediate issue she wanted covering we went straight into undertaking a Personal Financial wealthCHECK rather than starting with the normal retireSAFE planning.

By reviewing our comprehensive Personal wealthCHECK questionnaire we highlighted several issues that Sally felt her family was vulnerable towards.

STEP 2

The two issues that stood out were related to family financial security, therefore we gave our recommendations immediately.

Firstly we referred Sally to one of our preferred Independent Financial Advisers to get the requisite insurances in place to protect the family from the loss of income and potential costs related to an accident or injury.

STEP 2

STEP 3

Sally also realised that they should get their wills and powers of attorney in place to protect her family and her business should anything happen to her or her husband. Therefore, we organised this in-house using our legal services offering.

STEP 4

Sally also realised that they should get their wills and powers of attorney in place to protect her family and her business should anything happen to her or her husband. Therefore, we organised this in house using our legal services offering.

STEP 4

THE OUTCOME...

Sally could now concentrate on growing her business safe in the knowledge that all the family risk issues had been taken care of. Sally agreed that such a personal wealthCHECK should be undertaken every year which shouldn’t take long now that the main issues had been put in place.

The other areas covered in our wealthCHECK include;

Health insurance risks

Care home fees

Business continuity

Retirement planning

Investment planning

IHT & estate planning