The RU Group

Financial Planning

Personal financial planning

The range of financial products and savings vehicles available can seem overwhelming.

Keeping abreast of tax thresholds and investment products is a full-time job in itself. We offer a financial planning service to aid you in making the right decisions for your financial situation.

Deciding to obtain financial advice is a big step. It is normal to have a lot of questions, especially as the results of the financial decisions made may not be apparent for years to come.

At The RU Group we provide impartial financial advice – meaning that we have access to the full range of investments and savings vehicles across the market. We operate on a fee basis, not commission, so you can be assured that we are acting in your best interests at all times.

We offer personal financial planning, providing you with a named independent financial adviser who will work with you on your financial plans and your financial future.

RU Group (hands holding coins) Financial Planning

Understanding your financial needs

Whatever financial decisions you have to make, the first step is to establish a clear understanding of your financial needs.

One of the most valuable things a financial adviser can do for you is to draw out a clearer vision of your financial future. They can help you understand what options you have around longer term issues, such as retirement, estate planning and looking after your family. If you have an immediate need, they can also help you to meet this, in the form of a financial product.

In talking to an adviser you may even find you have financial needs you’ve not yet considered. An adviser’s professional experience can help to tease these out and address them for you.

Setting your financial priorities

Once your financial needs are clear, the next step is to be clear on your priorities.

Depending on the amount of disposable income and investable wealth you have, you might be able to satisfy all of your financial needs. Most likely, you might need to prioritise some needs over others. An adviser can use their expertise to help you work things through in this area, and develop a plan of action that suits your personal situation.

A financial plan will cater for your short, medium and long-term financial needs to ensure that you have the income you need at every stage in life.

The need to invest for your future

For many people a key priority is investing for their future, and in particular for their retirement.

The state pension provides a modest income for anyone reaching state pension age now. However if you’re not already very close to state pension age, relying on it to be there by the time you retire is probably unwise.

Some people are lucky enough to have a company defined benefit (final salary) pension. Final salary pensions are becoming increasingly rare amongst private employers, and even if you have one you may still not achieve the income you would like in retirement.

Outside these two types of pension, the onus is entirely on you as an individual to save and invest enough money for your income in retirement. Without a thorough understanding of when you want to retire, the life you want to live in retirement and the income you’ll need to fund it, it’s impossible to know what action you need to take to achieve your goals. This is an area in which you can benefit from our advice and financial planning service.

RU Group (elderly couple on a hill) Financial Planning

Understanding investments

If you are fortunate enough to have a sum to invest we will advise you on the most appropriate investment vehicles that fit your circumstances. Establishing how much risk you are prepared to take with your money, and understanding what risk really means to you, is critical to the investment decisions you make.

We will work with you to ensure that your investment portfolio is set at an appropriate level of risk for your particular circumstances. This will include diversification between different assets, so that a downturn in one particular market does not necessarily mean a downturn in all of your investments.

We will propose a solution for you that strikes the right balance between your financial needs and objectives, and the amount of risk you are prepared to take in achieving them.

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I was introduced to The RU Group some 5 years ago. At this time, I was having to make an important decision concerning my pension from a past employer.

Nick & Chris were professional and approachable and gave an individualised, personal service which included visiting my home. They worked hard guiding me through my options to enable me to make an informed decision, which I would not have been able to do on my own.

They continue to keep in touch at regular intervals to review my financial situation. Our relationship continues to develop and I would not hesitate to recommend them.
– Pam Berry

Let's work together

We are happy to talk you through our approach face to face, with no obligation to you. We’ll discuss how we can help you establish a financial plan, and the support that we offer. This first meeting is on us, so get in touch today to get the ball rolling.

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