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Keeping finances on track

If you look after the pennies, they'll make you pounds, says Colin Lawson, who reminds successful people to look after their personal finance as well as business revenues

17 September 2013

When meeting prospective clients, I often find that their portfolios are suffering from serious neglect. In many cases, they are paying more tax and charges than necessary and achieving below-average returns despite taking above-average risk. This is surprising given that these individuals are generally intelligent, well informed and focused on getting results.

How have they managed to deliver fantastic financial performance in their professional lives but neglected the money they have accumulated in their own portfolios? I have some thoughts.

1. Too busy making money to manage money

With the pressure of modern life, it is easy to see why managing personal finances falls into the mañana mañana category of things to do. We know we should do something but it keeps getting put back. Eventually, we...

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