“You handled the very difficult transition from our last adviser very well and were tenacious where appropriate on behalf of your clients. We really valued that, and especially like that there is a transparency in your approach with us.”
What’s important?
Mr and Mrs Somerset had been very successful in life and should have been comfortable in retirement. Unfortunately, a series of speculative investments made upon the advice of previous financial advisers had resulted in compounded losses of some £1 million. We were able to help them recover some, but not all, of these losses.
Our first priority was to take a hard look at what their income requirements were, and if they could sustain their lifestyle. Then, we asked what their ‘sacred cows’ were – the things on which they were unwilling to compromise. The clients’ answer was ‘I do not want to spend a £1 less on a bottle of wine!’
Plan, plan, and plan again
After extensive analysis and discussion, our approach was to set up a ‘Managed Retreat’. With their active input and awareness we at Perceptive are slowly and carefully managing the erosion of their overall capital, whilst still allowing them to sustain their lifestyle. This involved working with the client to sell off assets, reduce costs, and increase income from other sources.
Mr and Mrs Somerset are now far more relaxed about their lifestyle. They are confident that there will be money left over at the end of their lives, rather than life left over at the end of the money, which was a distinct possibility at one point!
They are still very hands on with their portfolio, and the assets continue to grow – they now have secure financial independence.
World Citizens
Financial management across borders is hard – we know, we’ve done it ourselves.
Read about how we helped Dr and Mr London manage their transition from South Africa to the UK.
Intergenerational
We help many of our clients pass wealth sustainably down through the generations, so that it can be enjoyed far into the future.
Read about how we do it.
New Money
When your wealth is self-made, you probably want to hold it close. That’s okay – we’re experienced working with business owners, and of course we are business owners ourselves. Read about how we helped Mr and Mrs Wright navigate the sale of their business.
