We often joke that we’re a team of great “naggers” – not be confused with being old nags! We constantly “nag” our clients. Our tenacious style and excellent diary system makes sure that we always remind our clients about getting things done.
But why? Why do we constantly remind our clients of their outstanding action points?
Without planning, you’re unlikely to meet your objectives. However, the planning is worth nothing and the goals won’t be achieved if the actions within that plan aren’t actually implemented.
Why do you need to take action? Every recommendation we make will have an impact. Some will propel you towards your goals; others will be just a little nudge, but important, nonetheless. You might see an immediate impact, whilst the benefit of other actions may not be seen for years to come, such as:
- When we talk to you about updating your will. This will ensure that the people you want to inherit do so.
- When we tell you to close accounts A, B and C to consolidate them to account D. There will be a financial reason for doing so, but it will also make your life simpler.
- Reviewing contracts and funds. This ensures that they remain competitive and performing well.
- If we recommend you liaise with another professional, for example a solicitor or accountant. This is because their expertise will result in a favourable outcome and you’ll know you’ve done things correctly.
What if you don’t take action? Using the examples above:
- Your estate might not be distributed to the people you want to inherit, or you leave a potential administrative nightmare for someone to unravel.
- Managing overly complex accounts not only takes up your valuable time, but you receive minimal interest on savings. Better to be able to afford that special meal or day out with family or friends.
- Retaining a high charging pension or investment is a drag on performance. Equally, sticking with poorly performing funds will mean your contract continues to lag behind its’ competitors. High charges and poorly performing funds could result in you not having enough to meet your objectives.
- Not having sought advice, you may find yourself “in trouble” with HMRC or another agency for not having done things correctly.
So, some simple examples, but the principles apply to any action point we agree with you.
I leave you with this quote from Pablo Picasso and urge you to “vigorously act”!
“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” – Pablo Picasso
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