Financial Case Study


Wallstone Case Study picture

Tom & Betty worked hard, very hard. But then they enjoyed the lifestyle which they had created for themselves and their daughters Emma and Kate.

Tom was 45 and he had a plan - his own financial plan. Because Tom hated three things:

  • His mortgage.
  • Pensions.
  • But most of all, financial advisers!

So Tom's plan was simple - to pay off his mortgage as quickly as possible. Then, mortgage free, he intended to accumulate as much as possible via his business between 45 and 55 - so he could retire early.


Tom didn't think he had a problem. And he didn't need any 'advice'.

However, on the advice of his accountant he was recommended to speak with a Certified Financial Planner at Wallstone to 'crunch his Number'.

So he & Betty met with one of our Certified Financial Planners.

First the Certified Financial Planner spent some time getting to know Tom and Betty, then he helped them tune in to the real lifestyle they wanted to enjoy throughout their life. He also wanted to understand why '55' was so important?

Tom wanted to escape at age 55 and pursue his passion of sailing whilst he was still young enough, and fit enough to participate in it. He wanted to cruise the Med. He wanted to cross an ocean. Any ocean. Tom wanted to see the world. He wanted to 'do stuff' – 'before it's too late!'

But why 55?

Tom shared with the Certified Financial Planner the fact that his father had worked his whole life, right through to age 65, only to drop down dead at age 67. That was Tom's motivator. He could not bear the thought of that happening to him. He knew - and understood - that 'Life is NOT a rehearsal' and Tom lived it accordingly. That's why Tom worked so hard now, so he could 'escape' early.

So, understanding his clients, our Certified Financial Planner said he would work with Tom and Betty to calculate their Number – the amount of money they needed by age 55 to ensure they could live the life they wanted - without fear of ever running out of money.

Our Certified Financial Planner built in the cost of continuing private education for Emma and Kate. He built in the cost of two daughters weddings. He got Tom & Betty to really think about the lifestyle they wanted at various stages of their lives.

And then he crunched their Number.

Our Certified Financial Planner then broke the news. He explained, that on agreed assumptions, Tom & Betty's current plan - Tom's' plan - would see them running out of money by age 67! Not good.

So our Certified Financial Planner then helped Tom & Betty to understand just HOW MUCH they needed to accumulate by age 55 in order to prevent EVER running out of money whilst living the life they wanted.

It was a BIG NUMBER.

Our Certified Financial Planner then worked with Tom & Betty to help find ways of accumulating the money, including how they could utilise their greatest asset (their business) to build their Number.

Tom & Betty are now well on course for their Number and their intended retirement at age 55. Tom now has a reason to work hard; a 'WHY'. Tom is motivated. Tom is inspired. Tom knows where he is going.

They continue to meet with our Certified Financial Planner on an annual basis to constantly review their financial planning, to ensure they stay on track. For Tom & Betty our Certified Financial Planner plays various roles; that of a planner, a mentor and a coach, mostly inspiring but sometimes nagging Tom & Betty to do the things they need to do to get to where they want to go.

And that's easy to do – when you know your Number.