Already Retired

CASE STUDY

 

Background

Bill and Sheila had built up funds with several different companies during the course of their working lives, using various fund managers and a number of different tax wrappers. They had also developed a good long-term working relationship with a stockbroker who looked after half of their investment portfolio.

Despite this, they were becoming increasingly disheartened with the amount of paperwork they had to complete each year and were concerned that they had no clear picture of their overall portfolio. They contacted Manse Capital with the hope that we could bring about some clarity to their financial position.

 

Our approach

During our initial meeting, we took time to understand Bill and Sheila’s personal financial situation; get to grips with their lifestyle; and also gauge what they would like their future path to look like.

At Manse Capital, we believe that your attitude to risk underlies every financial decision. We confirmed Bill and Sheila’s attitude to risk by asking a series of questions, such as ‘how would you respond to investment losses?’ and ‘what kind of returns are you expecting?’. Only once we delve deeper into this kind of information can we then assess this against their finance and lifestyle goals. We then had sound knowledge of the investment returns that were needed, alongside their acceptable level of risk, within the investment portfolio constructed.

 

The outcome

We managed the complex process and paperwork, aggregating the wide range of investments and tax wrappers on to a single investment platform, providing Bill and Sheila the clarity and control they desired. This whole process took a few years to complete, during which time we were able to ensure that all annual tax allowances were utilised. We were also able to reduce their costs by 1% per annum; a welcome addition when it comes to investing your hard earned money.

Three years on, Bill and Sheila were so impressed with the service they received from Manse, they decided to move their entire stockbroker portfolio over to us. Having achieved financial peace of mind, they now find that when the self-assessment deadline approaches it only take a few clicks of a button, rather than several weeks spent drowning in a sea of paperwork. Bill and Sheila now have a clearer vision about how they are going to enjoy life in years to come.