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Finding Tailored Financial Advice for the LGBT Community

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What is Financial Planning?

Whether you're the sort of person who who counts every penny or the sort who can't find their bank statements, you may still wonder how to start your financial planning.

Everyone has goals, just as everyone has expenses and overheads. It's finding the right balance between spending today and saving for tomorrow which forms the basis for financial planning and a sound financial plan.

In general usage, a financial plan can be a budget for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or bills, and also reserves and allocates some income for short-term and long-term savings. Short term savings are for things like cars, holidays and kitchens. Long term savings are for income in retirement, further education and deposits for homes.

A financial plan can also be an investment plan, which allocates your wealth to various asset classes, most commonly cash, bonds, stocks and shares and commercial and residential property. Spreading the risk is what it's all about and ensuring that the risk you're taking is in line with your risk tolerance. 

If you would like to speak to an LGBT-friendly financial adviser about your financial plan, please enter your postcode under the map on your right to find an adviser near you.

Additional Reading

  • Redundancy Planning

    Thinking about redundancy financial planning? Why not let our advisers help you work your way through the mire.
  • Retirement Planning

    Are you looking for retirement financial advice? Make sure you make the right decisions and get sound investment advice to protect your wealth.
  • Estate Planning

    Want to find out about estate planning for the LGBT community and how that could affect you? Read our guide and find out how to access LGBT-friendly financial advisers.
  • Inheritance Tax Planning

    Have you done any Inheritance Tax planning at all? Do you know why it's so important and the implications if you don't? Then start finding out right now exactly what it means for you.
  • How to Plan Financially

    Read our guide on how to plan financially for your future. Simple and straight-forward guides to your finances from LGBTFinance.

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