Client Profile
In the midst of a challenging divorce, Ms Price approached me for financial guidance. She had recently received a lump sum settlement and was uncertain whether it would cover her immediate expenses and long-term needs. She sought clarity to make confident financial decisions and move forward independently.

Challenges

• Immediate and Long-Term Financial Clarity: Ms Price needed to understand her current and projected financial situation to ensure that the settlement could support her lifestyle and future aspirations.
• Sustainable Income: Her goal was to secure an income that would sustain her throughout her lifetime, taking inflation and future care needs into account.

Solution
To address Mrs Prices’ needs comprehensively, I implemented a three-part financial strategy:

1. Comprehensive Financial Analysis: I began by reviewing her entire financial landscape, including assets, liabilities, and both essential and discretionary expenditures. This analysis covered daily needs, future goals, and one-time large expenses such as a new car, property renovations, and later-life care planning.
2. Cash Flow Modelling and Financial Planning: Using cash flow modelling, I created a detailed financial plan that would provide sustainable income over her lifetime. This plan took her lifestyle aspirations and projected expenses into account, allowing her to see a clear path for her finances through various life stages, potentially up to age 100.
3. Income-Focused Investment Portfolio: I developed a carefully diversified investment portfolio that prioritised income generation, whilst taking into consideration potential future plans. This structure allowed her settlement to produce steady income, aligning with her long-term needs and adding a layer of financial security.

Outcome
Through this strategic approach, Ms Price client gained:

• Financial Clarity and Confidence: With a comprehensive understanding of her finances and a tailored income plan, she felt empowered to make informed decisions and navigate this new chapter of her life.
• Long-Term Income Security: Her investment portfolio and income strategy provided her with the security of knowing her funds would support her through every phase, even as expenses evolved.

Conclusion
Divorce can bring significant financial uncertainties. By carefully planning Ms Prices’ financial future, I was able to support her through a stressful time, helping her avoid potential pitfalls and equipping her with the financial tools to thrive independently.