What does the process look like?
The Planning Process
Identifying your goals
Discovery part 1: This is the most important element of the process.
We help you identify your financial goals and what is most important to you about lifestyle, family and money.
This should be the fun part of the process. Talking about your ‘life bucket list items’, what’s most important, your priorities or what worries you the most.
When do you want to retire, that house you want to buy, leaving a legacy for the children, taking the annual overseas holiday, anything you can imagine? Do you simply aim to make some money?
This can be challenging for some people which is why our experienced advisers can help guide you to describe and prioritise what’s most important.
Assessing your financial situation
Discovery part 2: We obtain a clear and detailed assessment of your position today.
We obtain an accurate snapshot of your total financial position today, including, if applicable, business or wealth structure and tax strategies.
Understanding your estate plan is included. We obtain and understand your current estate plan and family structure, ensuring your financial plans is aligned and help connect you to experts if required.
We consult with your existing professional partners to ensure our understanding is clear.
Research, analysis and projection
The background work.
We will undertake comprehensive research of all your current financial products and investments and strategies to determine if they are working for you, aligned to strategy and they are in your best interest.
After helping you prioritize your financial goals, we put this into a clear financial picture.
This is projected forward in current and future dollar values using our tailored financial planning software.
We create personalized investment portfolio, tailored to your risk tolerance and investment objectives.
We then connect the three (present day, future position, bespoke investment portfolio).
Where you are today and your ideal financial position or meeting your future financial goals. We consider multiple strategies and structures and formulate the most appropriate considering your priorities and what’s most important to you.
This is clearly presented using our Wealth and Retirement Projection Tool.
Preparing your financial plan
We simplify the complex and give you clarity.
Our findings and research will be presented in a tailored financial plan that will give your clarity and clear next steps This document (referred to as a Statement of Advice) will help paint a clear picture of the strategies and steps to follow so your financial goals may be achieved.
Our Wealth and Retirement Projections is often the part of the process our clients value the most. It provides a clear picture of the future wealth position for you and your family.
We present our personalised recommendations to you. It is important that our clients not only have the solution and steps to go forward but gain knowledge to help understand what we are recommending and why we are doing it.
This important document becomes the blueprint and starting point to your financial and wealth journey.
Implementing our recommendations
Implement any changes.
We spend time with you, ensuring your understanding of recommendations and changes is clear and will speak with your other professional partners so that all parties are on the same page and in agreement.
We will make these steps smooth, efficient and hassle free, communicating with you and consistently keeping you up to date.
Our ongoing service and advice is tailored to you
We are with you always.
Reviewing your plan in our view is essential, making sure the strategy is always right moving forward.
Meeting with you regularly (usually once or multiple times per year).This is because your circumstances and priorities and goals are likely to change over time. As well as, environmental change such as government policy, tax legislation, and investment markets.
Investment portfolio management is included. Regular and timely updates along with appropriate rebalance and portfolio changes in line with your requirements provides clients with comfort and confidence they remain ontrack.