5 Step Financial Plan

Our advice process is carried out in 5 separate stages. We have developed this over time and refined it by taking account of valuable client feedback. We work on an appointment basis, which means that you can be assured that we will contact you at the agreed time and date.

Discussing Your Goals – The Initial Consultation

The first telephone consultation, which is free of charge, is aimed at introducing ourselves and taking the time to get to know you. We’ll ask you questions about the particular areas of your financial situation that you would like to explore in further detail and how you think that we can help you.

By the end of the initial conversation we will have established your financial planning priorities and discussed the services we offer and the next steps in the process.

We’ll follow this call up by sending you some documents confirming our discussion and examples of the fees that might be payable for the work. We’ll also schedule a follow up call to discuss these points further, to check your understanding and give you an opportunity to ask any questions that you might have.

Collating Your Information – A Fact Finding Exercise

Once you have formally committed to proceeding with us, we will ask you to complete a Financial Review Form and will contact you again to discuss the information you have given us.

By this stage we will already be broadly familiar with your personal situation and aspirations, but before we can go ahead and provide you with advice, it will help us to have a more in depth discussion around your current financial and personal position, plans for the future and your financial objectives. This information will be used as the basis for any advice and recommendations provided.

If you’re seeking retirement advice, we’ll also take some time to produce a bespoke cashflow modelling report during this meeting. This is a tool which uses data to analyse your current levels of income and expenditure, against your anticipated retirement income requirements. The objective of this exercise is to obtain a realistic outlook of how your future income needs will change and ascertain what levels of additional funding, if any, will be needed to work towards the target.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Analyse and Design a Solution – Researching the options

We use all of the information that we’ve gathered about you and your existing financial arrangements to evaluate your current position in relation to your ultimate goals. This is used as a basis upon which to research suitable investments and products that will help you to work towards meeting your objectives.

Implementation – Issuing the report, gaining your agreement to proceed and putting things in place

Once we have completed our research, we will construct a personal recommendation report, tailored to your specific circumstances and investment requirements. This will summarise everything that we have discussed and outline the conclusions of our research, our recommendations and the rationale behind these.

After giving you the opportunity to read and digest the contents of our report, we will call you to discuss your thoughts on the recommendations and to answer any further questions you might have in relation to the advice provided.

Following this, if you are happy to proceed with the recommendations, our administration team will immediately begin the application process and will stay in contact with you at every step of the way.

Ongoing Service – Keeping you on track

The investment solution that we provide should be considered as a long term strategy, which will require monitoring periodic changes to ensure that it remains aligned to your financial objectives over time. In order to satisfy this requirement, we encourage all of our clients to review their plans annually via our ongoing advice service.

This will be discussed more in depth towards the end of the initial advice process. We will ask you to pay a small percentage fee from your investments to cover the costs of an annual review meeting, report and the work associated with any required alterations to your portfolio.