Thinking bigger: Unlocking retirement dreams
Following a successful business venture, Mr and Mrs Pool had recently sold their business for £2.3 million and wanted to plan their next steps and retirement. They approached Nedbank Private Wealth for guidance.
Our client’s wishes
Mr and Mrs Pool initially came to us with what they believed were modest retirement expectations. Having worked hard to build and successfully exit their business, they wanted to ensure their £2.3million would provide security for their golden years. However, they had not fully explored what their ideal retirement might look like, or considered the full scope of possibilities their wealth could unlock.
The couple was seeking more than just investment advice. They wanted clarity on how to structure their wealth to support their individual aspirations while maintaining their joint financial security. They were also curious to find out if their resources could stretch to accommodate dreams they had previously considered unrealistic.
Our clients' situation
We met with Mr and Mrs Pool and spent time listening to their post-work living plans, allowing them time to discover their ‘why’ and giving them the encouragement they needed to ‘think bigger’. From this conversation it turned out that the couple expected to spend much more than they’d originally thought.
Mr and Mrs Pool had underestimated both their lifestyle goals and the potential their wealth offered. Like many successful business owners, they had been so focused on building their business that they hadn’t fully considered what a fulfilling retirement could look like. They each had separate interests and goals that needed careful consideration and individual planning approaches.
Their financial picture was relatively straightforward, with a substantial lump sum from their business sale, but the complexity lay in how to make this work for two individuals with different dreams, timelines, and risk tolerances.
Their financial picture was relatively straightforward, with a substantial lump sum from their business sale, but the complexity lay in how to make this work for two individuals with different dreams, timelines, and risk tolerances.
Our clients' outcome
Through their detailed wealth plan, we analysed their cash flow and helped them structure their wealth in a way that would allow them to meet their own separate goals, objectives, and importantly, dreams.
Discussions focusing on dreams and purpose rather than investment management was a revelation for Mr and Mrs Pool, who had originally anticipated a very dry conversation that only talked about markets and products. Instead, they discovered a planning process that put their aspirations at the centre, with a financial strategy serving those goals.
On completion of their wealth plan, we were able to help them identify an investment strategy that best worked for them. The structured approach allowed them to see clearly how their wealth could be allocated to support both their individual dreams and their shared security needs. They were pleasantly surprised with what they described as a ‘joyous experience’ and one that had given them the opportunity to ‘think big’.
Mr and Mrs Pool left our initial planning process with confidence in their financial future, excitement about their retirement possibilities, and a clear roadmap for turning their business success into a truly fulfilling next chapter of their lives.
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Any examples of investments and structures used are for illustrative purposes only. This case study does not constitute an invitation or inducement to buy any financial investment or service. None of the content constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.
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