Planning for Retirement? What Business Owners Need to Know.

Nelsons excel in providing comprehensive financial planning advice to business owners, seamlessly integrating the services across their dedicated Investment Management and Corporate teams to deliver a multitude of benefits.

Business owners are often deeply engrossed in the intricate details of their business operations and have a clear vision for their business’s future. However, when it comes to their personal financial plans or details about their policies and investments, they may not have sorted out the finer details. Many hope that the eventual sale of their business will provide for a comfortable retirement without knowing what that retirement might look like or will cost.

While the passion for their business and the drive to succeed are completely necessary for success, Nelsons can help translate this success into a tangible future for owners and their families, while avoiding or mitigating many of the risks along the way.

While the challenge of the business itself can motivate some people, it also needs to provide money to fund you and your family’s desired lifestyle both now and when you stop working in the future.

How can Nelsons help?

Firstly, it’s essential to define what your desired lifestyle looks like. Is it a luxurious villa by the beach, annual family holidays, or simply the ability to retire comfortably? Once you’ve outlined your goals, we can start to quantify them. The financial planning process looks to identify your goals and consider your current situation before building and implementing a plan of how to get there that can be regularly reviewed to ensure you stay on track.

We use a variety of tools and calculations to put actual numbers on your goals in today’s money taking account of growth, inflation, and taxes so we can find out your number, and what you need to be able to live your desired lifestyle without running out of money.

When you know your number you then have a goal that you can plan towards, whether this is to generate the funds through a clean 3rd party sale, management buy-out or family succession, we can show you the value you need to achieve in a one-off sale of series of payments to get where you want to be.

You may be able to retire sooner than you thought and avoid years of stress, working to grow a business to generate funds that you and your family don’t need. Even if you are not on track, it can be better to know and do something about it sooner rather than later.

Sam Cawley and Nathan Richardson are Investment Directors and Chartered Financial Planners in Nelsons’ specialist Investment Management team who work closely with business owners to align their business objectives with their personal financial goals.

Our expert advisors can not only help you calculate what you need but help you develop a comprehensive plan of how to get there, working alongside colleagues in the Corporate team and partners in corporate finance and accountancy to deliver a truly holistic solution.

There is no need to wait until you have sold your business to engage with a financial advisor. If you would like to discuss how Nelsons can help you, please get in touch for a no-obligation initial discussion on 01332 372372 or via the link below.

Combining specialist expertise with outstanding service, Nelsons advise on:

For Organisations

– Business agreements and contracts

– Business disputes

– Commercial property

– Commercial landlord and tenant disputes

– Corporate finance and banking

– Corporate services

– Debt recovery

– Employment law advice

– Insolvency and bankruptcy

– Intellectual property

– Professional negligence claims

– Sector-specific advice – education, charities, dentists and dental practices, healthcare providers, manufacturing and family businesses

For Individuals

– Accident and injury claims

– Children law

– Civil disputes

– Court of Protection

– Divorce and separation

– Employee legal advice

– Independent financial advice and wealth management

– Inheritance disputes

– Inquests

– Landlord and tenant disputes

– Medical negligence claims

– Notary services

– Property disputes

– Residential property and conveyancing

– Wills, probate, and trusts

Nelsons is committed to providing the best possible service to all clients.  They aim to ensure that their services are cost effective and delivered in a manner appropriate for each client.  They are accredited by Lexcel which is awarded only to solicitors who meet the highest management and client care standards.