By working in partnership with you and your professional advisers, we gain a detailed understanding of your current situation, objectives and attitude to risk, allowing us to structure the right financial solutions to achieve your financial goals.
A typical financial plan will contain some or all of the following reports within which professional recommendations would be made:
- Life Goals Planning
- Cash Flow Planning
- Investment Planning
- Personal Risk Planning
- Personal Protection Planning
- Tax Planning and Mitigation
- Retirement Planning
- Estate Planning
Our financial planning process consists of the following steps:
Establish and define our working relationship. We will clearly explain and document the services that we will provide you and define both our and your responsibilities during the personal financial planning engagement. We will explain fully how we would be paid and by whom. Between us we would agree on how long the professional relationship should last and on how decisions will be made.
Gather client data, including goals
We will ask for information about your financial situation. We will mutually define your personal and financial goals, understand the time frame for results and discuss, if relevant, how you feel about risk. We would gather all the necessary documents before giving advice as needed.
Analyse and evaluate financial status
We will analyse your information to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analysing assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
Develop and present Financial Planning recommendations and/or alternatives
We will offer financial planning recommendations that address your goals, based on the information you provide. We would go over the recommendations with you to help you understand so you can make informed decisions. We would also listen to your concerns and revise the recommendations if required.
Implement the Financial Planning recommendations
Between us we would agree on how the recommendations would be carried out. We may carry out the recommendations or serve as your coach, coordinating the process with you and other professionals such as lawyers, accountants or stockbrokers.
Monitor the Financial Planning recommendations
Between us we would agree on who will monitor progress towards your goals. If we are in charge of the process, we would report to you periodically to review your situation and adjust the recommendations, if needed, as your lives change.
The Financial Conduct Authority does not regulate taxation & trust advice and will writing.