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Wayne and Clodagh are joined by Elizabeth Bird of Chronos Wealth and Andrew Teeman of Mortgage Advice Bureau, to talk all things high-net worth financial planning and later life lending.
Elizabeth and Andrew have a shared history – both work in finance, and both have been through divorce. Their careers have brought them together both personally and professionally, and the pair work together to add value to their clients’ financial planning. Both say their understanding of divorce allows them to have great empathy of many of their clients’ situations, impacting how they give their advice and run their businesses. “It’s an art,” says Elizabeth.
In this episode, Elizabeth and Andrew highlight the common difficulties facing high-net worth clients, the upcoming changes to inheritance tax, and the need for careful, early planning. They also talk about the shifting realities of retirement: “It’s never been harder to get older and retire,” says Andrew.
Elizabeth and Andrew also talk about:
- How good financial planning can bring a client’s financial future to life, showing them the ‘why’ of advice.
- The need for early financial education for children – and girls in particular – and the positive impact that can have on financial priorities and how we manage our money as adults.
- The power of telling clients you need to refer. “The best person isn’t always me,” says Elizabeth.
Elizabeth and Andrew prove that good advice is about understanding both people and money.
