Financial planning is the process by which we take a look at all aspects of your current finances and compare them to your goals for yourself and others close to you and see what we can realistically achieve.
We initially have a complimentary meeting to get a rounded idea of your current situation and assess generally what is required and to give you clarity about what we can offer and the fees involved.
Then follows a much more comprehensive fact find where we establish carefully all the key elements that will form the foundations of your individual plan.
So we consider:
- Your short, medium and long term goals for you and those close to you.
- Check your current financial position – assets, loans, income and costs.
- Discuss with you your tolerance and understanding of risk so that ultimately you will feel comfortable with the balance of any investments within the final plan and why they were chosen.
- We then develop your plan in light of all of the above, using our own analysis and the different financial tools available to us.
If you are happy, we implement the plan and aim to review it annually or sooner if there is a major fundamental change in your circumstances.
As ever, if you have any questions, feel free to contact us.