Your Financial Book

Before we begin to prepare your financial plan and make recommendations, our aim is to help you understand where you are now in financial terms, and how this compares with where you want to be.

Why do you Need Us

Our holistic approach, combined with an insightful understanding of the worlds of finance, law, taxation, investment and insurance, ensures all your bases are covered.

The value that we add

Our differentiator is the additional ways our clients tell us we add value to them

Find out more

Working with you as your financial mentor, we help you to articulate the major financial goals in your life and understand what you need to do to achieve them.

We start by collating all the critical documents and information and fully assessing your current financial situation. We call this a Financial Audit.

What does a Financial Audit include?

  • A net worth statement, with the value of all your assets and liabilities

  • A summary of the pre and post retirement situation on death

  • Inheritance tax expectations

  • Income and expenditure flows, taking into account the current and anticipated cost of your lifestyle

  • Pensions and investments analysis

  • A schedule and analysis of all your insurance plans and policies

  • Risk management assessment

We then produce a detailed analysis and project the facts into the future, given various key assumptions. We look at how to achieve your goals and objectives using your existing provisions and plans. By ‘pressure testing’ their robustness, we aim to provide you with reassurance as well as other options to consider.

For most clients, the preparation of The Financial Audit and Financial Plan marks the start of a long partnership between us. Our aim is to help you define the routes you need to build on the provisions, plans and assets you have already acquired.

We will discuss our findings with you, help you consider your options, provide financial advice and agree a detailed course of action.

This video explains how your savings and investments form part of your financial planning

* The value of investments and any income from them can fall as well as rise. You may not get back the amount originally invested.

Your Financial Audit and Financial Plan is documented within your Financial Book. This is a fee based service and we agree the costs with you in advance. Half the fee is payable at outset and the other half after six months.

Essential Wealth Management
1-2 Great Farm Barns
West Woodhay
Berkshire RG20 0BP
Tel: 01488 669840
Fax: 01488 669216
Email: [email protected]

Essential Wealth Management is a trading style of Essential Wealth Management and Advice Ltd, registered in England Number 04020006. Registered Office: 1-2 Great Farm Barns, West Woodhay Newbury, Berkshire, RG20 0BP. Essential Wealth Management and Advice Ltd is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.

The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK.

Approved by the Openwork Partnership on 18.04.2024