We often talk about the emotional side of money, but sometimes the barrier to peace of mind is purely logistical.

Over a lifetime of working, moving, and saving, it is normal to accumulate a "financial junk drawer". You might have a pension from a job you left ten years ago, a savings account opened on a whim, an investment app you stopped checking, and perhaps an old policy collecting dust in a filing cabinet.

Maybe you’ve emigrated recently and had to explore a whole new landscape of financial systems and products.

There is a common misconception that having money scattered across many institutions provides safety. It feels like you are avoiding "putting all your eggs in one basket".

However, in our experience, this is often "diworsification" rather than diversification. When your wealth is fragmented, it is impossible to see the whole picture. You cannot accurately assess your risk, your true costs, or your performance. You are flying blind.

Simplicity is the ultimate sophistication. Bringing your financial life under one virtual roof doesn't just tidy up your paperwork; it clears your mind.

If you are ready to turn the chaos into clarity, here is a practical checklist to guide you.

1. Gather all your accounts

Start by playing detective. Locate every statement, login, and policy document. This includes workplace pensions, private investment accounts, and even old bank accounts.

Don't ignore the small ones. Those "forgotten" accounts often carry high administrative fees that quietly erode their value over time. Get everything out on the kitchen table, or into one secure digital folder, so we can see the full scope of what you own.

2. Label and document key details

Once you have the pile, you need to understand the data. For each account, note down:

• The tax status: Is it tax-deferred, tax-free, or taxable?
• The fees: What is the "all-in" cost? (Look for platform fees, fund charges, and advice fees).
• The access: Are there penalties for withdrawal? Is the money locked away until a certain age?
• The beneficiaries: Are your nominations all up to date?

3. Review and simplify

Now look at the underlying investments. This is where we often find "overlap". You might own the same US technology stocks in five different accounts, meaning you are far less diversified than you think.

Ask yourself: does this account serve a distinct purpose? If you have four different "pots" all doing roughly the same job, it may be time to consolidate them. Merging them can often reduce fees and make rebalancing your portfolio significantly easier.

4. Check cross-border considerations

For our globally mobile clients, this step is critical. Financial products do not always travel well.

An investment that is tax-efficient in one country might be punitively taxed in another. Before you move money across borders or consolidate international accounts, you need to check the tax treaties and reporting requirements of your current (and future) residence.

This is a technical minefield, and a moment where "slow down to make better decisions" is vital advice.

5. Update, store, and review regularly

Once you have consolidated, create a "master file". This is a single document or secure portal that lists where everything is. Share this location with your spouse or a trusted family member.

A streamlined financial life is easier to protect and easier to manage.

When your finances are scattered, decision-making becomes paralysing. When they are consolidated, you regain control. You can see your asset allocation at a glance. You can see if you are on track. You stop guessing and start planning.

Remember, we don’t just plan for markets, we plan for life. And life is a lot lighter when you aren't carrying around a dozen different login passwords and a nagging sense that you’ve missed something.