Lifetime Planning Journey

The TWP life stages model recognises the changing financial needs and aspirations of our clients as they move through four broad stages of life. We work with you to understand where you are on your lifetime journey, and how this impacts upon your financial goals and plans.

Living and Learning

You are forging your independence and taking on new responsibilities. Your aim is to no longer be financially dependent on anyone but yourself. You stand on your own two feet.
Your needs are likely to be:

Enhancing financial education
Emergency planning
Skills/experience development
Goal setting
Building financial discipline
Establishing savings routines

Independent Growth

You have established your resources and are building a healthy disposable income. You are working to become debt free. In this stage you should already be planning and building for retirement.
Your needs are likely to be:

Setting goals for the timing, costs and content of retirement
Planning for the funding of retirement
Cashflow planning
Tax planning

Financial Stability

Your resources are growing, and you will be building steadily towards or already enjoying a well-funded retirement. If you haven’t engaged with a financial planner it is certainly time to begin. Your needs are likely to be:

Debt planning and protection
Lifestyle protection
Disciplined saving
Financial resourcing for family
Managing cashflows
Estate planning

Estates and Legacy

Retirement should represent a time to spend life doing the things that bring you the most happiness. However, estate planning should be a part of every stage of life from the Power of Attorney you register at 18 to the trust planning needed to protect your legacy.
Your needs are likely to be:

Cashflow and expenditure analysis
Estate and health wishes
Tax planning
Savings for family members
Income planning

Three Circles of Responsibility

A successful wealth cultivation strategy requires a fully informed, collaborative partnership approach between client, planner and other independent advisers. Our three Circles of Responsibility framework sets out clearly the roles and responsibilities of each partner.