Adam Lockwood's Linkedin Analytics

The highest form of wealth is the ability to wake up every morning and say, "I can do whatever I want today." People want to become wealthier to make them happier, but defining happiness is complicated as everyone defines this differently. One common denominator, however, is that people want to control their lives. The ability to do what you want, when you want, with who you want, for as long as you want, is priceless. It is the most valuable dividend that money pays. My goal with each client is to gain a deep understanding on the drivers behind their personal definition of happiness, including some of the following: - Retiring with sufficient funds for their desired lifestyle, - Retiring early, - Helping children fund education and/or home purchases, - Defining a clear long-term financial plan to provide reassurance, - Simplifying affairs so everything is managed centrally, - Managing tax better to ensure funds can be directed to established long-term aspirations, - Reducing any IHT burden on their family. Every family has different objectives; monetary amounts vary, as do earnings and order of priorities. The answer to “how much is enough?” therefore varies dramatically. For this reason, bespoke plans must be constructed for each client. These plans are then reviewed regularly to ensure they continue to meet objectives, whilst in line with risk tolerances set at the outset. Success as an investor is determined by how you respond to punctuated moments of terror, not the years spent on cruise control. An investing genius is the man or woman who can do the average thing when all those around them are going crazy. The job of a great financial planner is to ensure that no rash decisions are made in these times of terror, whilst re-enforcing the importance of sticking with the plan to achieve the defined goals for happiness. The value of your investment can go down as well as up. You could get back less than you invested. Taxation Rules can change at any time and are dependent on individual circumstances. Lockwood Wealth Ltd is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). The titles 'Partner' and 'Partner Practice' are marketing terms used to describe St. James's Place representatives. SJP Approved 01/09/2023