The Year Ahead

7IM launches a new retirement planning service for advisers

19 Feb 2018

7IM has launched a retirement planning service to support financial advisers with their clients in the decumulation phase of their lives as they drawdown income.

Seven Investment Management (7IM) has announced the launch of a retirement planning service to support its professional adviser clients. It focuses on supporting practices that are providing the complex financial planning advice needed by their retired clients who are seeking to drawdown income.

The 7IM Retirement Planning Service brings together a number of strands within our offering.

The service process starts off with the support available through the 7IMagine app, which helps advisers with the fact find and scenario planning stages of the advice process. Here clients can be shown any difficult choices that they may need to make in that initial stage. Using cutting-edge, gaming technology, advisers can show clients how much they can afford to withdraw from their savings each year and what is the most appropriate level of risk for the remaining investments. It allows the adviser to plug in a range of scenarios, and illustrate the benefits and drawbacks of each of the strategies being discussed.

Our platform enables advisers to hold multiple solutions within an investment wrapper. This means that clients can earmark different pots of money within various accounts for different purposes, from a cash account that takes care of the next two years of income through to the option of leaving an inheritance for future generations. The 7IM Platform offers the flexibility that many similar services cannot offer, allows for income to be paid on a specific day each month and enables advisers to ensure these ‘pots’ can be run to their own risk mandates and timelines.

Clients in retirement are also likely to have amassed a number of different wrappers, which increases the complexity of administering these accounts and thus increases the time. 7IM’s relationship managers can assist advisers with the management of these accounts through our various service options. These include the analysis of existing assets, account opening and the on boarding of these assets. It also involves moving the investments into the agreed strategy, the ongoing management of the account and the vitally important cash management. Clients and their advisors benefit from a dedicated relationship manager who can provide them with bespoke reporting against personalised benchmarks, as well as delivering regular updates on the portfolios. The service is designed to offer advisers the chance to spend more time with their clients.

The firm’s funds and models then provide investment options that offer advisers’ clients a targeted return over the long term. With 7IM’s long track record of providing reassurance to both advisers and clients alike, this too supports any cash flow modelling as advisers have a guide as to what a client’s investments might achieve.

This service was developed as we recognised the need among financial planners to balance any immediate plans being made by clients with the long term need for their finances to stretch throughout the whole of their retirement. By helping advisers enable clients to see their money in terms of pots, they can plan appropriately for the cash which is needed in the next year and for investments that will provide income for up to 30 years and above.

The 7IM Retirement Planning Service is above all aimed at providing flexibility – advisers can use as much or as little of 7IM’s offering as they want. The service has no additional charges beyond the standard platform and investment management fees.

For more information, please download the brochure here.


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Seven Investment Management LLP is authorised and regulated by the Financial Conduct Authority. Member of the London Stock Exchange. Registered office: 55 Bishopsgate, London EC2N 3AS. Registered in England and Wales number OC378740. The value of investments may fluctuate in price or value and you may get back less than the amount originally invested. Past performance is not a guide to the future. The investments may not be suitable for everyone and if you have any doubts you should contact your investment advisor.

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

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