LGBT specialist Financial Planner Kath Wilkinson tells us more

Many people we have spoken to following the previous ‘Money’ articles have told us that this seems to be something for the Rich!

At Canal Street, we believe that everyone should have the opportunity to plan for their future and ultimately live their dreams.

For the Gay Community, there are some unique issues, many of which come about as a result of a different lifestyle which means we don’t necessarily fit into the traditional life cycle that Financial Planning is based on.

We asked Kath Wilkinson, our local LGBT specialist Financial Planner, what some of the issues are that people should be thinking about when planning for their future. Kath told us that the big issue for many of us in the LGBT Community is that whilst we realise that we have to do something, we don’t see the urgency and ‘put it off’. Also many people haven’t thought about their life goals in financial planning terms and lack the focus to get going.

Kath also tells us that many of us in the Community feel uncomfortable talking about ourselves as this involves ‘coming out’to advisers who may not understand us. Kath takes a consultative approach when talking LGBTs thinking about Financial Planning and starts by discussing their dreams and goals and helping people develop a life cycle plan supported by a Financial Plan. As someone who’s gone through her own ‘coming out’ journey,

Kath makes a point of putting people at ease and feeling free to talk about their personal issues such as a same-sex partner which is essential in making sure the best plan can be put in place.

For most of us having money to live our dreams requires work and careful planning and it’s important to start this as early as possible so that maybe one day, we can become one of those with money to do all the things we want to.

As the Ancient Chinese proverb says - ‘A journey of a thousand miles starts with just one step.’ The first step for many of us may well be that initial consultation to discuss our dreams and goals and plan how to get there. With the start of the new tax year, this may be a good time to start this journey.

So, don’t put it off and arrange to meet Kath and chat about your personal sitiuation? Start your journey to a wealthier you by clicking here

Published: 20-Apr-2018: (4846)