Our comprehensive financial planning service follows these 6 steps...
1. Exploring your life goals
The first step of our process is sitting down and finding out about you. We need to understand your current circumstances and establish what is important to you and what goals you want to achieve in the short, medium and long term.
2. Gathering financial information
We get to work gathering information on all the assets and liabilities you have already. You will likely have some policies already in place, we will liaise with your current providers to obtain detailed plan information to help us with our research.
3. Assessing your current financial position
Once we have all this information, we start a thorough analysis to assess your current financial position. We use cashflow modelling software to forecast your future finances and what impact growth and inflation could have on your savings in the long term to determine how close you are to achieving your goals.
4. Developing your tailored financial plan
The next step in the process is researching and developing your financial plan. Essentially, this is a "route map" for how we can help you to achieve your goals. If our analysis has highlighted a shortfall or if your money could be working harder for you, we will look at the best and most suitable way to help you meet your objectives. Looking at your finances as a whole will ensure that all aspects of your finances work together as effectively and tax-efficiently as possible.
We will meet with you to go through your financial plan and discuss our recommendations in great detail as well as answering any questions you may have.
5. Implementing your financial plan
If and when you are happy to proceed with our recommendations, we will implement your plan and put the necessary changes in place.
6. Monitoring and reviewing your financial plan
Your financial plan will undoubtedly evolve over time as we take into account any life changes and the inevitable ups and downs of the economy so this step is just as important as the ones before.
We will meet with you and review your plan at least once a year and make adjustments when needed to ensure your plans remain on track.