Professional individuals are often so involved in the running of their practices, or indeed the specific requirements of their clients, that they overlook the need to spend time managing their personal financial affairs – or perhaps of greater importance – thinking over issues that they would be well-advised to plan for.
It is not unusual for partners or senior staff in successful firms to accumulate financial baggage. Many effectively ‘shop’ for products as and when they are required. This can lead to several unconnected relationships with little guidance or joined-up thinking in terms of financial strategy.
