We have a clearly defined, thorough and tested process which is detailed below.
Initial financial planning process
This meeting will either be held at our offices or at your home and will be a chance for us to get to know each other, to see if we’d be happy working together and also whether we feel we can add value to your situation.
We will spend time understanding more about you; how you got to where you are now and what your dreams, hopes and objectives are for the future.
The discovery meeting is at our expense and will typically take 1-2 hours.
We then follow our iterative Three Hats process as shown below:
1. Life planning hat
We will have explored life planning in the discovery meeting and will continue to build upon this during the life planning process.
We will ask you to fill in our comprehensive expenditure questionnaire which covers current, early and late retirement expenditure.
Once complete we commence building your master financial plan.
2. Financial planning hat
Together we will build your master financial plan using market leading software.
The plan will help us answer questions you have such as:
-Do I have enough money to retire now? If not now, when?
-Can I afford to gift to my children and not run out of money?
-How will my retirement standard of living be impacted if I retire 2 years earlier than I was planning to?
-Am I optimising lifetime taxation?
It will enable us to finalise realistic goals and objectives.
The process usually involves 3-4 meetings which are typically held online.
3. Traditional IFA/Wealth Manager hat
Only once we have a well-established plan do we begin to discuss investments (see the value we add).
We thoroughly analyse your existing investments using our evidence based approach to investment management and make recommendations where required.
We take time to thoroughly understand your risk appetite and how this fits with the risk required to deliver the plan.
We use cutting edge financial software to help us achieve this.
If changes are required, we will deal with the providers on your behalf to implement the new solutions.
Ongoing financial planning process
Once the plan is complete, any product changes that are required are implemented and you will have clarity of your financial future.
We will continue to work together over the years to ensure you stay on track to achieve your objectives.