Independent Financial Advice & Financial Planning

What is it?

“Imagine a puzzle with 1,000 pieces randomly scattered on a table. What’s the single most important piece to solve the puzzle?

The answer is the big picture on top of the box that matters most. This is of course an analogy for Financial Planning, which helps to establish your picture and vision of your future. The small pieces to the puzzle represent your financial policies and Financial Advice helps you piece them all together.”

Financial Planning is your personalised strategy and roadmap to achieving your longer-term goals and objectives. This is your “bigger picture”. This could be financial independence so you won’t have to worry about money, planning for an early retirement or move into a less stressful role, having the time and money to travel more, pursue a hobby or to spend more time with loved ones. You may not have figured out what you want in the future yet, and that’s OK – don’t worry. We’ll help you identify your most important ones first and build on them as we work together over time. It often involves using some fancy software to provide detailed financial projections and forecasts of what your financial future looks like, so that we could “backward engineer” and advise you on what actions you need to take today to best look after your money and assets.

Independent Financial Advice involves ensuring you have suitable financial products and investment strategy to complement your financial plan. These are your “jigsaw pieces” using the analogy above. Whether that involves Investment ISAs to meet your goals, making use of your pension allowances to meet your retirement plans, being tax efficient, having sufficient life cover in place to protect loved ones, or not paying over the odds with your mortgage, and so on.

How we do it

When we meet for the first time, we will explain to you our Four Stage Financial Planning Process.  We take all of our clients through every step of this journey because providing you with a consistently high standard of advice and service is of paramount importance to us.

This stage allows us both to get to know each other and ensure we’re a good fit for working together. Unless stated otherwise, this is normally done at our own expense. We invest the time here to listen and understand your priorities and concerns, and develop a roadmap for how we could help you. We would provide you with a fixed Financial Planning & Advice Report fee if we agree to work together and move forward to the next stage.

After using information obtained from the initial consultation, conducting research, analysis and developing our recommendations to you, we would prepare your bespoke Financial Planning & Advice Report. This is usually done over two meetings as we discuss and finalise your recommendations. Below is a sample Financial Plan Summary typically contained within the Report.

IFSWP - Financial Plan Summary - Sample

Putting your personal Financial Plan into action and setting up any new policies, completing necessary paperwork and so on – this reduces on larger investment/pension sizes we manage.

This is the key added value behind what we do. Just as we don’t believe exercising once will ensure you will be fit and healthy for life, we don’t believe financial plans should be neglected and left to chance. We review both your financial plans and investments/pensions proactively as part of our service and meet up with you once a year (with touch points in between) to ensure you remain on track and necessary adjustments are made.

Who we work with:

We are blessed with having exactly the same number of hours per day as every person in the world. Hence by choice, we limit the number of clients that each adviser can look after to ensure that we have sufficient time and resources dedicated per client. For new clients we onboard, we have a soft-minimum requirement of £250,000 of investable assets that we manage under our Wealth Management Review service.

Our Wealth Management clients are typically:

  • Successful business owners & entrepreneurs
  • Senior executives
  • Contractors
  • Trustees or bespoke corporate projects
  • Those who have a preference for their investments to be invested Ethically & Responsibly

Quite often our clients will be at these life stages or significant life events:

  • Still building and growing wealth towards financial independence
  • Approaching and at-retirement
  • Already retired and wish to delegate complex tasks to a professional
  • Sold business and are considering the next steps
  • Looking to leave a legacy and inheritance to loved ones
  • In receipt of a large inheritance

Importantly, most clients come to us because they would like peace-of-mind that their wealth is being managed by a professional so they don’t have worry. Our meetings also allow our clients, who all have busy lives, to sit down, review and reassess their long-term goals together (both personal and as a family),  ensure their money and actions are aligned with them.

By working with us you will:

  • Have greater certainty and confidence of your financial future;
  • Gain financial freedom, control and peace of mind;
  • Have a professional who understands you, will work with you overtime and listen to any future plans you may have (big or small);
  • Clarity of your longer-term goals and objectives, and the actions you need to take today to stay on track to achieving them;
  • Not leave your future to luck or chance;
  • Benefit from regulated, professional and independent financial advice.

IFS Wealth & Pensions is both Independent Financial Advisers & Chartered Financial Planners (external link), awarded by the Chartered Insurance Institute, which is often regarded the gold standard in the profession.  Less than 5% of advice firms are Chartered so you can be sure that the advice we provide is of the highest standards. We take no shortcuts in our work.

  • Back in 2016 after 30 years service I was about to retire, my company pension looked ok but I felt I could do better & wanted to secure the best possible ongoing regular income along with accessible cash availability. So on the recommendation of a close friend, who is... read more a senior accountant with one of the major banks, I contacted Ricky Chan. Having met Ricky I felt confident that his advice & service would be perfect for my needs & I appointed him as my financial adviser in respect of the funds that we transferred out of my company pension fund along with my other sources of income. My experience from our meetings & our other exchanges ever since have proved that original confidence to have been fully borne out. I have the utmost confidence in his judgement & he has always dealt with my enquiries in clear comprehensible terms ensuring I have a full understanding of his recommendations & his knowledge & experience ensures that potential issues are rounded off in the normal course of his management of my finances & when any situation calls for specific expert advice he has the relevant contacts to advise &/or deal with such matters. He always leaves me at ease & enlightened & keeps my finances ahead of the game but certainly not I any speculative way. He is great company & our meetings are very pleasant occasions & my retirement fund & other finances have performed very well under his management & guidance. Mick Moohan

    mick moohan Avatar mick m.
    26th July 2024
  • Alan was able to secure a mortgage offer not available on the high street and enabled my son to buy his first property. He maintained excellent communication throughout the process and demonstrated a very thorough knowledge of the market.

    Gaby Thomas Avatar Gaby T.
    26th March 2025
  • Ricky and Jen had helped me with two mortgages, despite some ups and downs during the application process, we managed to complete just in time. I'm really pleased with their efforts in handling my case and their responsiveness is top notch even during lockdown. Would highly recommend their services. ... read more thanks again.

    Hao Wu Avatar Hao W.
    26th August 2021
  • Ricky has been looking after us for several years now and is always my first point of call for financial advice. I would totally recommend Ricky and his team for mortgage and financial advice.

    Cara Latchford Avatar Cara L.
    25th October 2024
  • Alan first helped me with options for consolidating a few old pensions, which has put me in a much better position for the future. Since then, I've called on his advice several times, to do with mortgage, pensions, planning for the future and critical illness cover - he's always been... read more approachable, knowledgeable, practical and helpful. I wouldn't hesitate to recommend.

    Colin Mair Avatar Colin M.
    26th August 2021
  • Recently used IFS Wealth & Pensions in order to take out a mortgage to buy my first home. Alan was recommended highly and used by family members in the past so had full confidence in him. Alan made everything clear to me from the start providing clear advise and... read more assisting me through a rather tough purchasing process which included a lot of back and forth with solicitors in order to get a mortgage offer. I would happily recommend him to anyone who asks.

    Sam A Avatar Sam A.
    2nd August 2026