Financial planning: Pull the right levers

Money is just a tool to help you live the life you want

At PageRussell we create your financial road map using a personal financial forecast. We do this by quantifying your life goals into a target amount of cash over a timescale. Then we work out how much money is available now. Based on how much money you plan to save and your tolerance to investment risk, we calculate whether or not you are on track to meet your goals.

We make recommendations about how to reduce your investment costs and tax. This means the main levers you can use to achieve your lifestyle targets are:

• Change how much is in the pot, that is by increasing earnings or changing spending.
• Change the mix (or asset allocation) of the investments.
• Change the target amount.
• Change the timescale.
• Insure against risks such as ill health and death.

These are all levers that you control, which is why we think financial planning has to be a collaborative process.