Financial Planning
Creating Your Financial Plan
Secure your Financial Future with Expert Planning
We understand that getting started with a financial adviser can sometimes seem daunting, as such we have broken down our process below, so you know what to expect from us and to help you get off to the best start. At each step, we’ll ensure you feel comfortable and well-informed, and you’ll always have time to reflect before making any decisions. You will be made fully aware of the charges and won’t have to pay anything until you have signed our Client Agreement and accepted our advice. We appreciate every client is different and the in-turn your client journey will end up being unique to you. Please always feel free to ask as many questions as you like along the way as we’re keen to ensure you are 100% happy and comfortable that the advice we agree fully encapsulates your plans for the future.
Initial Meeting
The cost of the initial meeting is fully covered by us. This is an opportunity for you to find out more about our IFA & Wealth Management services and for us to see how and if we can help you. At the end of the initial meeting, if you are happy to proceed we will arrange a deeper dive into your circumstances as per the getting to know you meeting below.
Getting to know you meeting
As mentioned we will have a more detailed discussion around your current circumstances and record this so that we can ensure our advice is tailored to your specific needs. This may take place as part of the initial meeting if you feel ready to lift the bonnet and discuss things in more details or we can arrange a meeting in the future. Getting to know you is not a one off meeting but something that evolves into an ongoing process as your circumstances and aspirations often change over time. We will complete a detailed fact find to help us understand your knowledge and experience of financial planning and investing. We will also complete a risk questionnaire to help us understand and agree your attitude towards investment risk. We may need to ask you to sign a document to authorise us to act as servicing adviser on your existing investments, in order that we have a better understanding of the nature and cost structure of these existing plans.
Research solutions
Your Independent Financial Adviser will oversee the process start to finish with our research team. We will undertake detailed research, taking into account every possible aspect of your financial and personal circumstances, including your tax position, what plans you currently hold and your future needs. It may be that your adviser will need to contact you again at this stage to clarify or expand on certain pieces of information. This stage will typically take no more than a couple of weeks but can be longer when we need to obtain financial information from third parties such as pension providers on your existing plans.
Prepare and discuss recommendations
Your Independent Financial Adviser and the research team will prepare their recommendations, ensuring they have been reviewed and detailed to match your personal needs and objectives. From there you will be given the recommendations in writing in a suitability report along with product illustrations and key features documents. You will have time to review the recommendations at a further meeting with your adviser. It is important to us that you fully understand and are happy with what is being recommended so we encourage you to ask questions and discuss the recommendations in detail with your adviser.
Agree the way forward
You may decide that you wish to proceed with some or all of the recommendations proposed assuming you are comfortable and happy with the insight and suggestions made. Once agreed, your adviser will assist you with the preparation of any paperwork that is required and submit it on your behalf.
Ongoing advice
We will keep you informed on the progress of any applications you have submitted. Once everything is complete you will receive a confirmation letter along with any documents that you need to keep. You will receive an on-going service based on our agreed service proposition. We will regularly review your service level, your investments and your objectives. You will have a direct line to your adviser and the main team hub so you have peace of mind that you can reach out whenever something is on your mind alongside having arranged discussions and reviews going forward.