The Financial Planning Process

 Six Step Process of Financial Planning 

Establishing & defining a professional relationship: The very first meet – To clearly outline the services provided & to define our responsibilities. To establish grounds for which a business relationship exists. 

Gather information & data, including client’s goals: A fact finding mission – about your present circumstances & goals done via a financial needs analysis. Supporting documents like pension details, vehicle insurance, health and if a will has been properly drafted, signed and stored. This is the essential information unique to you just like you own personal goals for retirement or estate considerations. 

Perform analysis of client’s present circumstances: analysing the all the streams of informations using our unique methodology, which will include an assessment of existing products to determine suitablility & adequacy. 

Develop & present solutions: developing the financial plan – stating clearly the areas of concern and risk, and then to present recommended solutions to cover your risk exposure and help you plan for you goals in a clear & uncomplicated way. 

Implement solutions: present, agree and implement the solutions – agreed upon. 

Regular reviews: regular ongoing reviews of client circumstances, how products & solutions that were installed are performing vis-à-vis clients’ needs & their ongoing relevance.