Navigating life after taking voluntary severance and facing health challenges can be daunting, especially when it impacts financial stability. This case study highlights how a client sought professional financial advice after transitioning to a part-time business venture that didn’t fully cover their income needs. Robert Wilkinson, one of Fogwill & Jones’ expert advisors, provided tailored financial guidance, helping the client manage their investments and plan for a sustainable financial future.
What were the circumstances that caused you to initially look for an adviser?
‘I took voluntary severance from work, partly on health grounds. I set up a small private business to provide some ongoing income as I was some years from full retirement age. Owing to health conditions, I am only able to work part-time, and this doesn’t provide enough income. Robert’s colleague with whom I previously worked helped me set up some investments and later to access a small occupational pension and linked AVCs. Robert has recently taken over my affairs from his colleague.’
How has Robert Wilkinson helped you?
‘Robert has performed the annual review of my investments, in the context of my current, broader financial circumstances. We have met and discussed this and, considering his advice, have planned investments for the coming year. I raised some questions and concerns about the narrow margin and occasional shortfall between my earnings and outgoings, and needing to use savings to bridge the gap. In particular, I am concerned how sustainable this position might be over the remaining years until my next modest occupational pension pot becomes available. Robert has prepared a cashflow report, which we will meet to consider together. Robert has also checked in with me about the benefits of setting up Lasting Powers of Attorney – something I have intended to do but needed a reminder to action!’
Have you seen the outcome you were hoping for?
‘I have only been working with Rob for a very short time so it’s too early to track outcomes from financial investments. But I’m very pleased with Robert’s work for me so far. I have found him very friendly, approachable, open and down to earth – easy to work with. He has been prompt and responsive in following issues up from meetings and discussions. It feels like he very quickly formed a useful ‘360 degree’ sense of where I am, where I want to be, and things that might be useful to consider. I have found this very reassuring.’
Conclusion
This case study underscores the value of personalised financial advice during transitional life stages. Through proactive and empathetic engagement, we helped the client navigate immediate financial challenges and prepare for future needs. As the relationship progresses, the client looks forward to achieving sustainable financial outcomes, thanks to our comprehensive and client-focused approach.
