The six-stage financial planning process
Financial Planning Process Explained
1. Your goals
In the initial meeting, we establish your life goals,
personal circumstances, aspirations and concerns.
We’ll discuss your objective and tell you more
about how we work, as both individual advisers
and as a company. We’ll explain how our charges
work and ensure that you understand our
approach before you incur any costs.
2. Your story
At this stage, we start to gather all the relevant facts
and financial information we need to enable us to
build your financial plan using our expert accountants at
Inchmead. Where we are considering
investment needs, we’ll also assess your attitude to
risk. This will help us understand how much
investment risk you are willing to take with your
3. Creating your plan
Once we have gathered all the necessary
information, we will provide you with tailored
financial recommendations for the areas that
you wish to review.
4. Presenting your plan
The next stage is to present you with your
detailed financial plan and give you time to
digest the specifics and ask any questions. After
addressing any concerns and agreeing on the
chosen strategies, we’ll assist you with the
completion of any paperwork and monitor the
process, keeping you up to date along the way.
Once agreed, the financial plan can be
implemented and the strategies to help you
reach your financial goals can be put into
practice. We use secure technology to enable us
to manage your entire portfolio, regardless of
where your investments or assets are held.
6. Regular reviews
As your advisers, one of our key obligations is to
conduct a regular review of your plan to make
sure you’re on track to meet your financial goals.
During these reviews, we’ll discuss whether your
personal circumstances have changed, how the
plan has performed and whether we need to
adapt the strategy in any way. Depending on
your individual needs, you can decide on the
frequency of your reviews.
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