How We Work
This process involves 6 steps, as follows:
1
Initial Consultation
The initial consultation is free and there is no obligation to continue with the process if you do not wish to do so. The aim of this initial consultation is for you to tell us what we can help you with. We will then explain the types of advice we offer and how much it will cost.
2
Fact-finding
Once we agree on the level of service you would like us to deliver, we will arrange a planning meeting at a time and place to suit you. We will ask you to gather financial information in advance, which will enable us to develop a clearer picture of your current situation and a deeper understanding of your needs. We will help you to clarify your goals and we will outline a number of possible scenarios to help you achieve your objectives.
3
Research & Analysis
We may contact your existing financial providers to establish the status of current plans. We identify areas which require attention and improvement. We then explore the various options available to make the most suitable use of your existing provisions. We will analyse your current situation, build upon your existing plans and consider the right and most appropriate solution to maximise the chances of achieving your goals.
4
Recommendations
5
Implementation
Our role in the process extends to working with you to implement your strategy, enabling you to make the right decisions. As part of the implementation strategy, we liaise with product providers to ensure the products are set up correctly in accordance with the financial strategy.
6
Review
We believe it’s essential to review your financial strategy on an ongoing basis. We will agree with you a timetable for review – frequency and level of contact will be tailored to meet your personal preferences and circumstances.
Review
We believe it’s essential to review your financial strategy on an ongoing basis. We will agree with you a timetable for review – frequency and level of contact will be tailored to meet your personal preferences and circumstances.
Reviewing investment performance is particularly important and our regular reviews include:
- An assessment of investment performance and markets relative to your specific investments as well as a wider economic review
- A summary of the impact of any legislative or statutory changes that might impact on your strategy, for example, changes in taxation law or State benefits
- An update and appraisal of your financial and personal situation, needs, circumstances and objectives
- A review of your attitude to risk and volatility linked specifically to the performance of your funds, to ensure continued appropriateness. This will help to ensure that your risk tolerance continues to match the investment fund(s) being used.
- Whilst we will take into account information collected from previous years, we will also reassess what has changed more recently from a personal and financial point of view. These changes are important to factor into the ongoing advice we provide you with.