Financial Planning is an ongoing process which involves understanding your personal circumstances and developing and monitoring strategies to ensure you achieve your lifestyle and financial objectives. It should be a thought provoking process that provides peace of mind that you have planned for the present and future.
We consider it essential for you to understand our approach to financial planning, the role of your planner and what you can expect from our relationship.
It is important we have a thorough understanding of your personal circumstances. We begin the process with an initial meeting to assess your:
We require a thorough understanding of your current financial position. Within the initial meeting we will also source information from you on your:
We evaluate the information gathered to determine whether your lifestyle and financial objectives are achievable based on your current circumstances.
We then consider any existing strategies, identify opportunities and develop strategies to assist you in achieving your objectives.
Matters we may consider include:
Our financial planning service is tailored to your personal circumstances and requirements. Our approach can be comprehensive, covering all components of your financial affairs, or specific and only cover one or two areas.
We will discuss any limitations of adopting a specific approach with you.
Prepare your financial plan
With knowledge of your lifestyle and financial objectives, risk profile and financial circumstances, we will document the strategies we recommend to achieve your objectives.
Present your financial plan
Your understanding of the financial plan is key to its success and therefore we will present a written report to you, incorporating the reasons, benefits, risks and costs associated with our recommendation.
This provides you the opportunity to query any components of the financial plan and ensure you understand and are comfortable with our recommendation and how it intends to meet your lifestyle and financial objectives.
Once you are comfortable with the financial plan and provide us with approval we will assist with implementing our recommendation.
We will keep you up to date during the implementation phase and make you aware of any correspondence or contact to expect from us or third parties involved in the process.
We will contact you on completion of the implementation of your financial plan to provide you with the opportunity to raise any queries.
One of the most important components of our financial planning approach is revisiting your financial plan, at least annually, to ensure it remains appropriate and relevant to your circumstances.
Life changes, as does legislation and the world around us, so a review is necessary to ensure you are still on track to achieve your lifestyle and financial objectives, even during times of change.
Some of the aspects we consider during our review include:
Any recommended changes to your strategy or investments will be presented in a subsequent written report for your consideration and discussion. If you are comfortable to proceed we will assist to implement any changes on your authority.
