Tuesday, 14 March 2017 10:11

Cashflow helps Financial Planner rescue credit crunch clients

Rate this item
(0 votes)
John Sloan John Sloan

An Accredited Financial Planning Firm has revealed how cashflow modelling and comprehensive Financial Planning proved ‘life changing’ for a couple whose business was severely hit by the credit crunch.

Financial Planner John Sloan has explained how he and colleagues at Navigtator Financial Planning in Northern Ireland rescued the retirement dreams of Stephen, 62, and Kate, 59, after their company ended up in debt.

Mr Sloan detailed the case study in the latest edition of Financial Planning Today magazine. Read in full HERE.

The couple were referred to Navigator by a local accountancy practice after they had “experienced some very difficult times”.

Mr Sloan said: “Stephen, aged 62, was a very successful property developer running his own construction company with his wife, Kate. During the credit crunch the business was badly affected. There were numerous banking facilities in place against the value of land which was now valued at a fraction of the original cost. Further to charges over the land, the banking facilities were also secured with personal guarantees against Stephen.”

Stephen had originally planned to retire two years earlier already but was now uncertain if he could even give up work at 65 – which was his new aim.

Mr Sloan said: “Stephen wanted to alleviate some of the hurt that these (personal guarantees on banking facilities) were causing, without impacting severely on their long-term goals. Both he and Kate wanted to tidy up their affairs with the objective of being fully retired by the time Stephen is 65.”

Mr Sloan said the approach he took with them “was very focused on Financial Planning and would involve the use of cashflow modelling” through the Voyant model.

He said: “For Stephen and Kate this was both a life changing and life enhancing experience. The use of the financial plan meant that they moved away from a transactional service to a comprehensive Financial Planning experience.”

Find out the full story of how Mr Sloan and Navigator helped turn around the personal finances of the couple by reading Financial Planning Today magazine.  For the full article click HERE.

Biography - John Sloan

John Sloan is a Financial Planner with Navigator Financial Planning, a CISI Accredited Financial Planning Firm, having joined in March 2016. He is now approaching 10 years in the industry. John works closely with fellow planners at Navigator - director David Crozier and Dale Kirkpatrick, in helping clients to plan for their financial future. Navigator’s aim is to ensure that all their clients are afforded the same high level of advice and service from every member of the team and it is this team approach which John feels is vital for the future of the industry. A keen golfer and aspiring Chef, John will usually be found on the golf course, in the kitchen or spending time with his young family.

fpt issue 4 front

If you have not already signed up to our daily newsletter, you can receive early access to the new magazine by signing up now below:

Get daily Financial Planning news direct to your inbox.

The new publication features exclusive content including contributions from leading figures in the worlds of Financial Planning and Paraplanning plus features and insights produced by experienced financial journalists in London.

Financial Planning Today's latest issue highlights include:

• A Special Report on the trouble Financial Planning firms have been having finding Paraplanners 

• An exclusive feature on Risk Profiling Tools, with expert insight from ex-FCA tecnhical specialist Rory Percival

• Columns from high profile planner Julie Lord, PFS chief executive Keith Richards, CISI head of Financial Planning Campbell Edgar and Paraplanner John Redmond 

• Analysis of the 2017 investment prospects post the shock Trump US Presidential victory 

• New Investment and DFM section with 180+ DFM providers listed plus DFM updates

• Plus, The Client Hunter, Planner Casebook, Inside My Business with LEBC chief Jack McVitie, Financial Planning and Paraplanning news and much more 

Feedback on the new magazine has been excellent with well 3,000 people reading the first three issues and the number rising steadily. 

For editorial enquiries please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. For advertising enquiries, including recruitment advertising, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it. or 01895 678629.

Last modified on Tuesday, 14 March 2017 10:18
NEW FINANCIAL PLANNING TODAY JOBS Site
Advertise your job vacancy with us and reach thousands of Financial Planners and Paraplanners. 
Special Offer: 20% off for your first vacancy! - Quote FPJ17 - jobs.financialplanningtoday.co.uk/