Personal Financial Coaching
Understand your position, set your money goals, develop a financial plan and start to build the financial future you want.
How Does Financial Coaching Work
Primary Coaching Sessions
Individual coaching is centred around a primary coaching session which is designed to initially establish your current position. Through coaching and discussion, we will draw out what your financial priorities are and set clear, actionable goals aligned to these.
At the end of this session, you will have a clear picture of your current position, a good understanding of your financial goals and a personalised financial plan to put into action.
For most, the primary session will be the foundation for further coaching to educate and enable you to follow the plan to its full potential.
Targeted Follow On Sessions
These sessions are designed around the objectives identified in the primary coaching session. They will address the financial plan in detail, using cash flow planning we will demonstrate how following your financial plan will look over the long term.
Further sessions will be a deeper dive into the aspects of finance that are related to your goals and plan. The end result of the sessions is for you to feel empowered to enact your financial plan with knowledge and confidence.
Depending on your objectives, the example of topics we will focus on could be budgeting, debt, savings, investment risk, pension savings, retirement income, life insurance or inheritance tax planning.
What Can You Expect From Financial Coaching
Money MOT
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Get a health check on your current financial position. Where do you currently stand? Are you making the most of your allowances? What could you do to be more efficient with what you have?
Investment Knowledge
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Understanding investments will give you the confidence to navigate the world of investment products and funds to suit your needs. Topics that will be covered include risk, asset classes, asset allocation, types of funds, costs and investment products.
The aim of this is not to provide specific fund or product advice, but rather to educate you to control your finances yourself.
Clear Financial Goals
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Your money cannot do everything but what does it need to do for you? It is key to understand what is most important to you and articulate that as a clear set of goals that the plan can be built around.
Cash Flow Planning
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Visualise what the results of following your financial plan could look like over 5,10,20 years through cash flow planning. Differing scenarios and assumptions can be explored to provide a full understanding of the impact you can have on your financial goals through differing actions.
Cash flow planning can be refreshed and revisited over time to demonstrate how your plan is progressing and be adjusted to changing goals and situations.
Actionable Financial Plan
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Building on the goals that we will set, the financial plan will give you an actionable pathway to meet those goals. The financial plan will keep you focussed on what you want your money to do for you. Especially for the longer term the financial plan will keep you on track.
Pension Knowledge
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We all need a pension to fund our retirement. In the current world, workplace pensions are discrete pots of money invested in your name. You have the responsibility for ensuring you have enough to fund your retirement, that the fund is invested to meet your objectives and you are responsible for how you take the money from your pension in retirement.
Financial coaching will give you the knowledge and confidence to manage, fund and withdraw from your pension in a manner that makes use of your allowance and suits your financial needs and plan.
About Financial Coaching
Financial coaching is designed to help you understand your finances; how you feel about them, what your current position is, what your financial goals are and how you can plan to reach those goals.
There are always many, many things that we need and want our money to do for us. There are the big things like a house, a car, a big holiday, starting a family, retiring early and the less ‘sexy’ things like life insurance, income protection or where your workplace pension should be invested. Fincoco exists to help you navigate the challenging landscape of personal finance with confidence and knowledge.
As fully qualified financial advisers, we are here to be a coach, a teacher, and a trusted friend. With the help of your coach, you can get focussed on what matters to you, not anyone else. Follow up sessions will help you understand in more detail those issues that relate most to your financial priorities to give you confidence in your plan.
What we won’t do is sell you a financial investment or product. That steps into the world of ‘regulated financial advice’ and that is not what we offer. Instead, we provide you with the tools and knowledge to either manage your own investments or make an informed choice on who to choose as your financial adviser if that is appropriate.
Getting Started is Easy
Free 15 Min Chat
Find out what financial coaching can offer you and ask any questions you have.
Book Your Primary Coaching Session
Select the package that suits your needs best and get your first session booked.
Primary Coaching Session
Complete your session with your qualified coach and receive your financial plan and summary report.
Contact Us
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