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Financial Planning

Financial planning

What is financial planning?

Financial planning provides a holistic approach to managing finances, covering areas such as budgeting, goal setting, investing, and retirement planning.

Working with a financial adviser, individuals will receive comprehensive personalised plans and recommendations to meet their needs and achieve short- and long-term objectives.

Financial advice is a paid service and is different to financial guidance, where only general information is provided.

Compare guidance and advice

What topics are covered with financial planning?

Financial planning covers a wide range of topics aimed at helping people manage their finances effectively. Some key areas include:

Investment advice

Personalised suggestions on where to invest based on your goals and risk tolerance.

Tax planning

Minimise taxes through smart strategies, and use tax-efficient accounts to maximise returns.

Pensions advice

Find the right balance of secure and flexible pension options tailored to your needs, plus assurance on pension transfers.

Retirement advice

Tailored strategies to prepare for retirement. Including an assessment of savings, pension and investment options, and income needs in retirement.

Long-term care planning

Personalised plans offering guidance on funding options, cost management, and preparing for future financial impacts.

Inheritance tax planning

Manage the taxes that are triggered when passing on assets and wealth to loved ones after someone passes away.

HL Financial Planning Service

Working with a financial adviser, individuals will receive tailored plans and recommendations to address their financial needs.

  • Comprehensive financial health check - discuss your current situation, future goals and aspirations.
  • Personalised financial roadmap - recommendations covering all relevant topics of financial planning, designed to align with your objectives.
  • Education on financial best practices - enhance your understanding of essential concepts with support from your adviser.
  • Tools and materials - access resources to reinforce and extend the advice given.

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Tailored advice, from a partner you can trust

How to receive financial advice

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Convenient and flexible, enabling financial discussions remotely.

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Video call

Face-to-face interaction with the convenience of remote access.

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In person

Support through face-to-face meetings.

How to receive financial advice

You can choose to meet with your adviser by telephone or video call. If you'd prefer in person meetings, you'll be matched with an adviser local to you. These options offer flexibility, making it convenient for you to access personalised advice, regardless of your location or communication preferences.

Cost of financial advice

Our financial advisers typically charge 1-2% of the assets advised on (+VAT where applicable, minimum charges apply). This is a one-off charge which will depend on the complexity of your situation, the time needed to understand your goals, and to provide personal recommendations.

Your financial adviser will let you know if they think you'd benefit from ongoing advice. This comes with an extra charge.

Advice on the transfer of any secured benefit, such as a defined benefit pension (a final salary pension), will be subject to a separate charging structure, which your adviser will discuss with you.

Summary of charges

Getting advice starts with one call

Getting advice starts with one call

The first step is to talk to our advisory service team. This initial discussion is to determine if our advisory service aligns with your needs and goals and would be a feasible option for you.

During this conversation, we'll ask straightforward questions to understand your financial objectives and the total value of the assets you're seeking advice on. No financial advice will be given at this point.

If our advisory service is the right fit for you, we'll connect you with one of our experienced advisers for a first meeting.

Book your free call

Find an adviser

Find nearby HL advisers with our simple tool, and select the perfect match based on their areas of expertise and the type of advice you're looking for.

Find an adviser

Chartered Financial Planners logo

We are Chartered Financial Planners

Our Chartered title, granted by the Chartered Insurance Institute (CII), signifies our dedication to professional standards. Holding Chartered status means we prioritise ethical conduct, prioritise your interests, invest in ongoing development, and support initiatives benefiting society and our profession.

Download our factsheet to find out what this means for you.