Not only have they become emotionally vulnerable but some of them are exhausted from acting as a carer for their partner.
Many are not in the best position to make the decisions regarding their future. We try to maintain a minimum level of changes to their investments until we feel they have started to recover from the grieving process.
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We ensure that the appropriate income or capital is available but advise against radical changes to their situation until months or even a year has past.
As a team we regularly discuss cases and share information regarding how vulnerable circumstances can arise. The role of the adviser and planner is vital to support clients and to strengthen their financial resilience.
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