You’ll most likely already have an idea of what you’re looking to achieve with your finances, and the job of the financial planner is to ask you the difficult personal questions needed to be able to quantify these objectives and your future goals. The very nature of comprehensive financial planning means that we will also look to consider your wider financial picture to assess any impacts or alternatives with meeting your plans.
Detail when you need it
Our approach to helping you make sense of your finances is below:
1. Establish objectives
The most important part of the advice process starts with a conversation. Often, an in-depth and far reaching discussion about what you’re hoping to achieve, how we might be able to help and what the costs are likely to be for any given service.
We take the time to really understand where you want to go with your future, your dreams and aspirations. Only then can we work alongside you to help you get there.
2. Analysis and investigation
We’ll then use the information gathered to closely investigate your current investment or pension arrangements, protection policies or other financial assets and see if these are aligned with your future plans.
Taking your financial circumstances into account, and considering other factors such as your attitude to investment risk, capacity for loss, knowledge and experience with investing and tax position, we can then assess the ongoing suitability of these arrangements according to your plans.
3. Presenting our advice
When the analysis has been completed and we’re in a position to provide you with our advice on the next steps, we may take a number of different routes depending on your situation.
We would look to provide you with recommendations for appropriate products and investments if required or, if applicable, how your existing arrangements could be changed or altered to keep you on track.
It could also become apparent that your longer-term goals are maybe unrealistic in terms of time, investment return required or your ability to take the necessary risk required, and so these may need to be adjusted.
Our advice would be clear, with any associated costs, investments risks and tax implications fully discussed with you throughout.
Following on from any recommendations, we would then look to proceed with the task of implementing the proposals and making the necessary communications with the selected providers on your behalf.
You would be kept fully informed throughout the process with regular updates as needed until all the recommended actions were completed.
5. Review and monitoring
We passionately believe in regular ongoing reviews to ensure that your plans are kept on track and can be quickly adapted if your circumstances change. We therefore believe that these reviews of your financial arrangements, pensions and investments is often one of the most important meetings we will have with you.
It’s an opportunity to sit down with you to review progress towards your future goals and objectives. We’ll hear about any changes which might affect the plan, and review what has been set up and how it is performing.
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Registered office address: Javelin House, Wood Street, Milverton, Taunton, Somerset, TA4 1QU
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