The general financial planning principals that are relevant for your divorce include:
- Assessing your needs and aspirations, assets and liabilities, income and expenditure.
- Helping you understand the trade off between risk and return and to formulate an attitude to investment risk.
- Constructing portfolios applying modern portfolio theory appropriate to your risk profile and to your long term objectives.
- Managing investments tax efficiently ensuring appropriate use of available tax wrappers (such as ISAs and Pensions).
- Applying knowledge of how products are priced and charged to evaluate the true worth of existing and new plans.
- Forecasting cash flows based on income and expenditure and projected growth in assets and liabilities.
- Protecting the financial plan against catastrophes.
- Reviewing and monitoring the plan going forward as circumstances change.