Our Financial Planning Process

Time to create a plan for the rest of your life.

A person’s financial plan is too important a matter to be treated casually, which is why we believe the making of it should itself be subject to a plan.

We employ a disciplined and rational approach to the process, dividing the financial planning process into five key time periods.

A time to listen, learn and understand
1
A time to listen, learn and understand
1

Nothing is more important to us than getting to know you and gaining a complete understanding of your financial circumstances. We need to be very clear about that future lifestyle you wish to achieve through financial planning and wealth management.

You need to get to know us too. A cordial and open relationship has to be established for you to feel confident about trusting our advice and counsel.

We will undertake to answer any question you may have about the way we work and how we will charge you for the advice we give.

Although there’s definitely no charge the first time. We’re always happy to have an initial meeting at our expense, entirely without future commitment.

A time to research, investigate and plan
2
A time to research, investigate and plan
2

Once we feel we understand the relevant and unique details of your case, it will be time for us to go away and do some serious thinking.

Our team of experts, liaising with other trusted specialists outside the firm, will consider all the possible options.

That done, we will formulate a financial plan that is specifically designed to meet your needs and goals.

In certain areas, we’ll come up with a selection of different options which can be discussed and agreed later on.

Part and parcel of this stage is to conduct a forensic analysis of your existing financial position, looking closely at any pensions, ISAs, life assurance or investment bonds you may have.

The point of all this brain work is to ensure that your assets will work as effectively as possible for you, going forward.

A time to explain, discuss and recommend
3
A time to explain, discuss and recommend
3

When we’ve finished our research and strategizing, and actually formulated your plan, it’s time to talk again.

We will arrange to meet you to discuss our findings and start firming up the next steps.

These will be clearly explained during the meeting but also in a written report which will include projections of how your financial plan will perform over time.

Consideration will also need to be given to any alternatives presented in your plan, the pros and cons of which we will explain clearly.

We will make suggestions on how we think your existing financial assets can be integrated into your plan, to help ensure you never have to fear running out of money.

At this point, our job is only to inform, clarify and recommend.

We think it’s vital clients take ownership of their plan and that requires clients themselves to make the key decisions.

A time to amend, decide and implement
4
A time to amend, decide and implement
4

Now it’s time to make it all happen, to press the launch button. Although frankly, it’s not quite as exciting as that.

Implementing a financial plan always involves a lot of paperwork, legwork, and admin, and you’ll probably be glad not to have to shoulder that burden.

Following previous discussions, there may have been changes to our original proposals, and these will naturally have to be incorporated into the final plan in its execution.

The detailed examination of the plan at the earlier stage means you will have a good understanding of what’s going on and that you’ll be entirely comfortable with what is implemented.

We make sure your finances are in order and set up any new investments or other financial products we have agreed are required.

At this stage of the process we take account of the tax implications of your plan because ignoring such issues can have serious implications for your wealth down the line.

You can now view your financial future as something you understand and are in control of, which is a very nice feeling indeed.

A time to review, rebalance and maintain
5
A time to review, rebalance and maintain
5

As time goes by things will change, and that’s perfectly normal.

Events in the world economy, government policy shifts, or just ‘stuff that happens’ in your personal circumstances, can all result in your plan needing some adjustment.

Like a wise sea captain, keeping a hand on the tiller and an eye on the waves, it’s part of our job to regularly reconfirm that your financial plan remains suitable to meet your life goals.

For example, if investments are involved, these may need rebalancing occasionally to keep them in accordance with the asset allocations that were deemed to be necessary at the onset.

There will be agreed time intervals for meeting, monitoring and rebalancing built into your agreement with us, but we will always be happy for you to contact us if you have any concerns.
What we really want is that you find our financial planning and wealth planning service to be enjoyable, reassuring and fruitful this year, next year and on into the future.