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The Advice & Planning Process

Whether we are providing advice to an individual or a business, the financial planning process is the same:

  1. Establishing a client relationship
    We will clearly explain the services to be provided to you. They will define your and their responsibilities within your relationship. We will explain how and when the firm will be paid and agree with you how long the professional relationship should last.
  2. Gathering data, objectives and goals
    Your adviser will ask for information about your financial situation. Any existing plans you have and will discuss your needs and goals and your ideal timescales to achieve them. They will also discuss how you feel about various financial risks.
  3. Analysing and evaluating your financial status
    Your adviser will analyse the information gathered to assess your current situation. Then determine what you need to do to meet your needs and goals and will then formulate a plan for you.
  4. Presenting the plans and recommendations
    Your adviser will discuss the plan and offer recommendations that address your needs and goals. Then will help you understand them fully as a result you can make an informed decision.
  5. Implementing the recommendations
    Your adviser will implement the recommendations for you or coordinate the process. Including with other professionals, when needed such as solicitors, accountants or other specialists.
  6. Monitoring and reviews
    Your adviser will agree a review schedule with you. To monitor the progress of the recommendations and make any amendments to them should your circumstances or other relevant factors change.