A Beaufort Financial Plan helps you visualise, in detail, your current and future financial position, so you can plan with confidence.


The steps shown above, outline how a financial forecast is put together. You tell us about your current and anticipated future lifestyle, income and spending habits and we can show you, year upon year, your projected financial state of health.

Most of us hate budgeting. It’s boring yet essential. It is especially important when a change in circumstance is taking place. This could include retirement, selling a business, getting divorced, receiving an inheritance or wanting to look at giving money away.

Having your own Financial Plan will help you to see what is achievable and will also help to focus attention on your spending patterns.

The creation of a Financial Plan ought not to be seen as a one-off exercise. You should review your forecast regularly, we recommend annually. After all, life changes:

  • Your goals, objectives and aims may change
  • Investment growth might be different to what has been assumed
  • Your spending habits may change, as might your income
  • You may receive a windfall or inheritance
  • Illness or divorce could cause a change to your circumstances

Any of these things, plus others, will result in the need to update your plan.

A financial plan helps you to think about each phase of your life and plan ahead.

For example, if you have children a forecast can show you the extent to which you can help them financially. If you are in business, it can be helpful in helping you to understand whether what you have been offered for it will be enough to meet your retirement goals.

In retirement, spending patterns can vary. Many people find they are quite high spenders in their 60s and early 70s, but start slowing down in their late 70s or 80s. Your forecast is tailored to show you the impact of your personal spending patterns.

For further information on how we can put together your personal financial forecast, contact a member of our team.