​1. Client Engagement
The process of finding out what you really want and need, your hopes, goals and fears. It is about you, not your money.
2. Fact Finding, Goal defining and data gathering
The fact finding process includes establishing your current financial position, knowledge, previous experience and the risk that you are willing and able to take. We will also consider your assets and liabilities, income and expenditure and any existing financial products you own.
3. Analysis & Research
Where we fully evaluate the information gathered and analyse this in the context of what we have discussed at stage 1. Does what you already have work? Can it be made to work or do you need to do something different? We also ensure our service to you always reflects the latest technical, legislative and regulatory developments.
4. Presentation
This is where we present our recommendations to you in the form of a detailed written report or what we call a Financial Needs Analysis and give reasons for the selected recommendations including risks, costs and complexity. Once we have agreed how best to proceed, we will move onto the next stage.
5. Implementation
Where we take responsibility for putting all the agreed changes into place.
6. Review
One of the most important parts of the whole process – revisiting the financial plan with you, at least annually, to make adjustments as required. Life changes, as do rules and regulations, so being able to make ‘course corrections’ is absolutely vital. Remember, this is your plan and your story. Building a financial plan is the first time many people address why they are investing, rather than simply investing for investing’s sake. Done properly, it can be a thought-provoking and structured process, which can help you achieve the outcomes you desire