Financial Planning

The benefits of working with a financial planner at Old Mill

If you were going to design a wealth management service to look after your money, what would you really like someone to do for you?

At Old Mill we recognise our clients are individuals, our financial planning team have worked with people like you for over fifty years. The following areas are those where our current clients tell us we provide value.


24th April 2024

An objective that is personal to me

Many of the people who seek advice from us will come along with an issue ’can you tell me about my pension?’ or ’how have my investments done?’  – our starting point at Old Mill is always to consider what you are trying to achieve.

To establish a longer-term plan, we need to know, in your words, what you want to achieve personally and professionally. Life goes by so quickly and many people go from year to year making ends meet rather than thinking too much about what the future brings. It’s important to take some time to consider the future.

Sometimes you won’t have a clear picture and we can help you to shape your future. You may not know what you want, however, most people will not want to see a fall in their quality of life.

Clarity on what I have and where it is

Most of the people we work with do a good job of accumulating assets through their working lives. But sometimes the products are scattered and have no overall financial planning strategy.

Our financial planners will work with you to produce an analysis of your income, expenditure, assets and liabilities. Seeing all your savings and investments in one place enables you to gain a much better idea of your wealth and enables sensible, considered decisions to be taken that may well make a material difference to the quality of your life, now and in retirement.

A vision of my future

Using ‘Cashflow planning’ software, our financial planners give a clearer vision of your financial future, showing how your assets will support your planned expenditure throughout your lifetime based on a number of scenarios. This can help you understand what options you have around longer-term issues, such as retirement, estate planning and looking after your family.

Our service is not just about organising your finances, but about identifying where you are, where you want to go and building a financial planning roadmap to help you get there.

You may well be on target to achieve your objectives already, but if you aren’t, it’s better to give yourself as much time as possible to get back on track.  Life doesn’t always happen as we would wish it to, and we will explain the obstacles you may face and the ways in which you can overcome potential pitfalls.

Once we understand your current position we can challenge the financial plan, can it be done sooner, can it be done better.

Improving my chances of success

Being able to see all your investments enables us to evaluate your needs and determine whether you are undertaking the right investment strategy to meet your goals more easily.

  • Will the investments really help to meet my investment objectives?
  • Am I happy with the amount of risk?
  • Do I have an adequate spread of investments?

Your dedicated financial planner will take tax into consideration, so that you invest tax-effectively, don’t miss opportunities to save money and don’t risk unnecessary tax charges. As we manage substantial assets on behalf of our clients, we can negotiate better financial product terms or discounted charges.

We work with you to ensure your financial strategy is robust, tax efficient, and helps you to meet your objectives. Your family needs are considered too, including Inheritance Tax and your family’s financial security, along with insurance, savings and later life issues such as long-term care and wills.

Ensuring I remain on track

We believe relationships are built to last and we will continue to support you for as long as you want us to, working through time to deliver successful outcomes. We work closely with many families over successive generations. Change is inevitable, your plans may need to adapt, and your financial planner will be there to advise you along the way.

The pace of regulatory change has accelerated in recent years, particularly when it comes to pensions. The pension reforms of April 2015 provided extra flexibility for investors, but they also created additional complexity and pitfalls. A series of changes to pension allowances and the taxation of pension pots recently have added to the need to stay on top of the continually evolving regulatory landscape.

If your vision of a wealth management service is the same as ours do get in touch with one of our financial planners today. We look forward to meeting you.