Delivering financial security for military retirement with PruFund

Executive summary

Jonathan Lightfoot, a certified financial adviser from the Greater Cheshire West and Chester Area, specialises in financial planning “for people from all walks of life”. He’s been recommending PruFund for several years either 100% or as part of a blended portfolio. When approached by a military retiree seeking guidance on the complexities of post-retirement financial planning, Jonathan created a bespoke investment strategy using PruFund to secure a reliable income stream that offered peace of mind and financial stability.

Adviser background

Jonathan Lightfoot, an independent financial adviser with over 32 years of experience, follows a personalised, client-centric five-step process designed to ensure affordability and tailored advice. His clients value his common-sense approach, and he has a successful track record of client referrals. Jonathan’s expertise lies in developing tailored strategies that provide growth and stability. Therefore, PruFund has become an important and successful asset when building a planning scenario.

Challenge

Jonathan was contacted by a retired military worker in his 60s, who sought financial advice after inheriting a substantial amount from relatives. His financial situation included military pension and significant inheritance. His wife required long-term care due to vascular dementia, necessitating careful financial planning to ensure her needs were met while managing his clients’ investment goals.

Solution

Jonathan assessed his clients’ financial situation and goals applying his advisory practice’ five-step process. Main elements of the solution included:

1. Initial consultation: Understanding his clients’ risk tolerance, need for long-term growth without frequent intervention while also requiring a steady income to cover care expenses.
2. Strategy development: Recommending the PruFund Growth Fund, its diversified asset allocation and smoothing mechanism being key in providing stable and predictable returns.
3. Implementation: Crafting a personalised financial plan using PruFund, focused on reducing portfolio volatility and aiming for growth, while generating a steady income stream.

Results

The implementation of Jonathan's strategy yielded the following results for his clients.

1. Financial stability: The client experienced stable and predictable returns, providing peace of mind and financial security. They saw their investments increase in line with their expectations and needs over 15 years. Please remember the value of investments can go down as well as up, and clients may not get back what they invested, and past performance should not be considered a reliable indicator of future performance.
2. Growth: Despite market fluctuations, the clients’ investment portfolio grew steadily, ensuring long-term financial health.
3. Client satisfaction: The client expressed high satisfaction with the financial plan, appreciating the tailored approach and consistent communication from Jonathan.

Adviser’ testimonial

"PruFund is like a super tanker navigating through volatile waters—steady, reliable, and built to endure. It's not about chasing the highest returns but providing a solid foundation for growth backed by a strong financial institution. My clients appreciate its consistency and the peace of mind it brings, especially in uncertain times. They know that with PruFund, they’re not just investing in the market, but in a strategy designed to weather the storms and deliver stable, long-term performance. This approach allows them to plan their futures with confidence, knowing their investments are in capable hands."

Call to action

Are you looking to help your clients achieve financial security? Request a call back today to explore how you can achieve stable, predictable, and growth-oriented financial outcomes for your clients.

The views expressed in this article should not be taken as recommendation, advice or forecast.