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The Financial Advice Process

1. Discovery Meeting / Understanding Your Requirements

A discovery meeting will typically last in the region of an hour and is completely without cost or obligation to you. I will listen to what you want from a professional adviser, help you articulate your financial goals and ask you about your current arrangements. Costs and charges will be discussed further at this meeting.

2. Goal Setting and Data Gathering

If you are happy to proceed forward and our costs and charges have been agreed then the next step is to fully assess your current financial position and your short and long term goals, which will include looking at your assets, liabilities, cash flow, protection plans, investments, and pensions.

3. Analysing and Evaluating Your Situation

Analysing the data that has been gathered helps me to evaluate how effectively your existing arrangements are working for you. My comprehensive discussion with you provides insight into your goals and existing situation and this will help me tailor a financial planning proposition to meet your particular goals.

4. Developing Your Plans

As a whole of market IFA, I am able to scrutinise the whole of the market for solutions and my advice is based purely on what is right for you in order to meet your personal goals. After thoroughly researching and analysing all relevant options, I will then put together a recommendation report summarising your position and outlining my findings.

5. Presenting My Recommendations

When identifying the precise detail of how your arrangements could be better organised to achieve your stated goals the recommendations will –

  • Be based on the whole of market options.
  • Will consider your attitude to the relationship between risk and reward.

I will meet with you and present and discuss the advantages and disadvantages of the advice, guiding you to make a decision that you are completely comfortable with.

6. Implementing Your Plan

Once happy with all the suggested arrangements we will then complete the appropriate paperwork to put this into place and move forward towards achieving your goals and objectives.

7. Ongoing Monitoring and Review

The financial planning process is not a “one off” event. We will meet for review meetings where we will review the plan’s progress in line with your goals and objectives and assess any changes in your circumstances that could influence the progress and performance of your plans.

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