The primary aim is to look at your life as a whole. So that includes your family situation, ALL your assets (not just your investable cash) and all your liabilities. We use cashflow modelling software to plot ahead and see what impact life changes can have on your future plans. Those life changes can be planned or unexpected but we look at every eventuality to see what would happen. Do you have more than enough to give away? How much inheritance tax will you need to pay?
You can use DFM service in addition to having a Financial Planner, but this can lead to increased charges. It is important to look at the overall costs of the various elements; the investment costs, the platform charges and then any advice charges (for example our fees).