Whether we are providing advice to an individual or a business, the financial planning process is the same and your initial consultation is FREE. Often two or three consultations are held prior to proceeding. We only charge when a plan is put in place.
Establishing a client relationship
Your adviser will clearly explain the services to be provided to you and will define your and their responsibilities within your relationship. They will explain how and when the firm will be paid and agrees with you how the professional relationship will work.
- Fact Find, gathering data, objectives and goals
Your adviser will ask for information about your financial situation and any existing plans you have and will discuss your needs and goals and your ideal time scales to achieve them.
- Risk Assessment
You will be asked to complete a Risk Questionnaire. When we have calculated your results we will discuss with your what it means. Your score gives an indication as to whether you are prepared to invest in investments which have volatility. Investments can fluctuate up and down in the markets, this fluctuation is referred to as their volatility.
- Analysing and evaluating your financial status
Your adviser will analyse the information gathered to assess your current situation and determine what you need to do to meet your needs and goals and will then formulate a plan for you.
- Presenting the plans and recommendations
Your adviser will discuss the plan and offer recommendations that address your needs and goals and will help you understand them fully so that you can make an informed decision.
- Implementing the recommendations
Your adviser will implement the recommendations for you or coordinate the process if other professionals are required to be involved such as solicitors, accountants or other specialists.
- Monitoring and reviews
Your adviser will agree a review schedule with you to monitor the progress of the recommendations and make any amendments to them should your circumstances or other relevant factors change.