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Professionals

Nationality: British

Ages: In their early 50s

Occupation: Oil company consultant

Spending: Travel, cultural activities such as the theatre

Savings/investment: Has a £500k lump sum secured from a recent property sale, plus money from taking early retirement from previous job

Robert took early retirement as a manager for an oil company and is now acting as a consultant in Dubai. He has sold his UK home for £500k and has a lump sum from his pension and other investments.

Because he is still working as a consultant, he has sufficient income and is therefore looking for capital growth over the next 15 years with a view to producing an income to supplement his pensions later in life. As he has a busy life and is away from home, it's vital that his financial affairs are left in good hands. His Private Banking Manager will establish the exact kind of investment that is to be made with him which, while aiming for capital growth, can involve a mix of equity investment, which provide the prospect of capital growth, along with more stable investments in bonds.

His financial plan also included his existing investments that had been purchased at different times over the years but had never been co-ordinated or considered within an overall plan. While away, he will not need to find the time to monitor his affairs and will be kept informed on the progress of his investments with regular statements.

Expert view

Adrian Hick, Senior Manager, Offshore Private Banking

"On an annual basis, Robert has a detailed discussion with his Private Banking Manager to ensure that his plan remains on track to achieve his personal goals"

The persons and their circumstances portrayed in this case study are for illustrative purposes only and should not be construed as financial advise.