David & Elaine were retired and struggling to live off the income from their capital… After allowing for various pension incomes, they felt very dependent on the income from their savings & investments. If interest rates went up they spent more. If interest rates went down, they spent less.
Over the years, they had accumulated various Pension and a few shares. Mostly bought off the money pages of the Sunday papers and mainly from leading investment houses who tempted them with promises of high returns.
So they invested more money every year. The trouble was, knowing when to buy investments is one thing, but knowing when to sell is another. So David & Elaine had gradually built for themselves a portfolio that they didn’t really understand – but of course they were too proud to admit it.
Worse, Every weekend saw both David and Elaine stressing over the immense amount of direct mail received from their various investment providers – and all the time worrying over the money supplements of the Sunday papers. Then the markets went down. David & Elaine were worried. So a close friend referred them to Premier Financial.
Premier Financial met with David & Elaine and after spending some time getting to know them, their interests, their hobbies and their lifestyle requirements Premier Financial then analysed their position. Premier Financial looked at all of their various investments and their income situation.
More important, by talking to David & Elaine about what they enjoyed, Premier Financial got David & Elaine to stop thinking about their ‘income’ for a while and instead really think about their expenditure requirements and how much they would LIKE to spend to give them the life they wanted.
Premier Financial with the help of their sophisticated financial planning software, ‘crunched their Number’. Here’s what Premier Financial found.
Option 1: David & Elaine could keep doing what they were doing. Living off interest and dividends, forever fearful of market movements over which they had no control, forever afraid to dip into their savings, just in case. Forever going without. Forever cutting back.
Option 2: They could ask themselves “What’s most important?”. To constantly worry about such matters, or to consider the option of looking at their assets in a different way, and instead planning to live their life with the INTENTION of spending their liquid capital in their lifetime, leaving their home and personal effects to their children when they eventually died.
After all, even their children were saying that they ‘wish Much and Dad would spend it!” So, using the software and assumptions, Premier Financial helped David & Elaine understand what their financial future really looked like, and just how little return they needed on their investments to ensure their money lasted their lifetime. David & Elaine then understood they could actually spend more, yet take LESS risk with their investments – and in the process consolidate and simplify their portfolio onto the PREMIER ONE wealth management platform to reduce charges, not to mention relieve themselves of immense complexity.For David & Elaine, their money suddenly made sense. More important, David & Elaine got their life back.
No more stressing over the money pages. Instead more fun! More eating out, more holidays, more treats for the grandchildren. Years on, they continue to meet with Premier Financial who continues to help them monitor their Number and manage their wealth to give them the life they want.
For David & Elaine it was a very rewarding experience, providing them with a better lifestyle, less risk, more security and a lot more peace of mind.Back to Case Studies