Many of our clients, particularly parents and grandparents, are keen to make financial provision for their children or grand children’s early years. Having the funds available to pay for a car, help with a deposit on a first home, or to cover the expenses of a wedding are often key goals. Assistance with private education and/or university funding are other ‘top-of-the-list’ priorities that some of our clients share. The products utilised to meet these goals usually include savings accounts, mutual funds and for longer term needs, even pension plans.

Understandably, many children in their teenage years would like a say in the important financial decisions that impact so greatly on their future. If appropriate, we can help them contribute to the decision-making process by explaining the importance of taking their financial responsibilities seriously. Having a good understanding of certain ‘core' money matters at an early age can significantly influence whether a person ultimately fulfils their financial goals or not.

Upon reaching the age of 18, your child will normally be responsible for their own financial planning decisions. With the benefit of a strong foundation, formed through the receipt of sound financial advice, he or she should have a good start.

“We had never thought about the benefits of saving into pension plans for our grand children as they are so young. However, the thought of giving them a good start and showing them the disciplines of saving for their retirement from an early age was a particularly attractive recommendation. In addition, we strongly believe that Simon will be there for them and their parents to help them take over the important decisions at the right stage . . . ”
Rosemary and Hugh Digby (January 2010)