Ifamax Wealth Management:

The first step is a 90-minute meeting during which we get to know each other. We’ll explore your core values, goals, risk tolerance, and financial priorities, all to understand what truly matters to you. We’ll also answer any questions about how we can help you achieve your objectives.

We’ll ask you to sign a ‘Request for Further Information’ letter during this meeting. This allows us to contact your existing product and investment providers to gather key details such as charges, penalties, bonuses, and tax implications that could impact your current financial arrangements.

Following our discovery meeting, we will assess your current financial situation and compare it against the goals and values you’ve shared with us. This is where we look at whether you’re on track to reach your financial goals, such as:

• Achieving financial independence at the age you want

• Maximising tax efficiency in your finances

• Supporting your children or grandchildren through education or property ownership

• Affording the lifestyle you dream of — whether that’s travel, a luxury purchase, or securing a comfortable retirement

Some of your existing financial arrangements may perfectly align with your goals, while others might need to be adjusted. We’ll provide a detailed comparison and a clear view of how well your current plan supports your ambitions. The best part? Many firms charge for this service, but we offer it completely free.

In this meeting, we’ll present the results of your diagnostics, discuss any gaps or opportunities we’ve identified in your existing plan, and share suggestions on how we can help you achieve your goals more effectively.

We’ll also explain the necessary changes to your current investments or products, including an overview of any ongoing fees you’ll need to pay. We’ll provide you with clear documentation to review before making any decisions, and you’re not obligated to proceed right away. We want to ensure you feel confident and fully informed before moving forward.

Once you’re ready to proceed, we’ll schedule this meeting to address any final questions or concerns you may have. After this meeting, we’ll begin implementing your tailored investment strategy — precisely as we agreed.

At this stage, we’ll check in to ensure everything is progressing smoothly. We’ll walk you through your first portfolio valuation and explain how it works. If you’d like to track your investments online, we’ll show you how to access your account and keep you informed.

Life changes, and so do your financial needs. We hold regular review meetings to ensure your plan aligns with your evolving goals. We’ll assess your financial risks, explore new tax planning opportunities, and review your portfolio’s performance.

Additionally, if you have any important documents to dispose of, we can take care of the shredding for you — it's all part of our comprehensive service.

Our team works with you to define your retirement goals and build a personalised plan that ensures financial security in your later years. We assess your current savings, forecast your future needs, and help you develop a strategy that aligns with your retirement lifestyle.

A self-invested personal pension (SIPP) is a type of personal pension that offers greater flexibility in choosing and managing your investments. SIPPs often allow for a broader range of investment options compared to traditional personal pensions.

Pension consolidation involves merging several pension pots into one cohesive plan. By consolidating, you can simplify your pension management, potentially reduce fees, and create a unified strategy. We take special care to evaluate any existing guarantees or valuable benefits in your current pensions before making recommendations.

Pension drawdown is a way of taking an income from your pension pot while leaving the rest invested. We explain how drawdown works and help you understand both the benefits and risks involved, ensuring you make the best decision for your situation.

An annuity allows you to exchange part or all of your pension pot for a guaranteed income for the rest of your life. We will guide you through the different annuity options and help you decide if this is the right path for you.

At Ifamax Wealth Management, we pride ourselves on transparent and fair pricing. Our financial planning service has no initial charge, and our ongoing fees are designed to reflect the value of the expert advice and support we provide.

We do not offer advice on transfers from defined benefit schemes. However, we do work with a firm that can offer this advice.