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The First step of our financial planning process requires you to complete a fact find - this step is critical in the process as gaps in the information you provide will result in a weak financial strategy. We will gather your: - personal information
- budget and expenses
- assets/liabilities
- superannuation and insurance
- structures (company, trusts etc)
- other factors that may impact your finances ^
The Second step of our planning process is to identify and agree your goals. - not all goals are financial and in order to enjoy a balanced lifestyle, we need to consider all your goals to understand the impact they will have on your long term financial plan and make provision for them
- we map a path from where you are now to where you want to be ^
The Third step of our planning process is to conduct a gap analysis so that we: - identify all financial issues or deficiencies between where you are now financially and where you want to be
- identify any additional provisions you might need to plan for (school fees, retrenchment, additional mortgage/loans) in order to understand the potential future impact on your investment strategy ^
The Fourth step of our financial planning process is to prepare your financial plan. - based on all the information we have captured in the first three steps, we prepare a financial plan that is customised and tailored to meet your individual needs and circumstances
- where we need to consider potential future changes, we will prepare several scenarios showing the impact on your investment strategies, allowing you to choose the strategies most suited to deliver your desired outcome
- our process ensures your active involvement in the development of your financial plan empowering you to take control of your future
- preparation of your plan is an iterative process and the number of iterations will depend on the level of complexity of your individual affairs ^
The Fifth step of our financial planning process is to implement your plan when you are 100% happy with it. - at this critical step in the financial planning process, we want you to take the time to ensure that all facts and figures are correct and that the strategies and recommendations meet your needs
- your plan will:
- outline your current financial position and needs
- explain the overall strategy to achieve your goals
- recommend structures and strategies to manage your affairs
- describe how these strategies will achieve your goals
- discuss the benefits and risks associated with each strategy
- disclose all fees, commissions and other benefits associated with the advice and implementation of your plan ^
The Sixth step of our financial planning process is to conduct an annual review of your plan. - your financial plan is a 'living' plan and to be effective must stay up-to-date and relevant to your changing personal circumstances and changes in the financial environment
- our input does not stop with the implementation of your financial plan owing to the dynamic nature of the planning and investment environment
- we conduct an annual review of your plan to ensure that it continues to meet your needs
- our process includes reviewing your financial plan, the performance of your investments and the market environment, any legislative regulatory changes, your personal circumstances and planned lifestyle changes before we make a recommendation for a hold or change strategy ^
The Seventh step of our financial planning process is to provide you with log in and password access to your investments allowing you to monitor and track your investments online and keep in control of your affairs. ^ The Eight step of our financial planning process is to ensure that you are satisfied with our services. - we are passionate about delivering superior service and demonstrate this consistently with our commitment, drive and personalised service
- ensuring that your expectations are met and that you are satisfied with the service we provide is the cornerstone to the success of our business ^
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