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How we work
Financial planning is a highly individual process that
depends very much on the needs of each individual, family,
or business.
That is why we follow a strict process that enables us to
ensure that we fully understand your requirements and then
make practical recommendations that we can together use to
build your long term programme for financial success.
Step 1
This involves an initial free, no obligation meeting,
at which we can assess your requirements and you can
learn about the services we offer in more detail.
At this stage, we will outline the basis of our remuneration
(see “How we are paid”, below).
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Step 2
At a second meeting we will undertake a detailed investigation
into your personal and family (or business) circumstances
so that we can build a clear picture of where you are
today and what you wish to achieve. This will include:
- Looking at your income and assets;
- Considering your commitments and outgoings;
- Evaluating your existing insurance and investment
arrangements; and
- Researching your attitude towards different forms
of risk.
In other words, generally getting to know you.
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Step 3
We will then return to our office in order to undertake
a detailed analysis and research regarding your requirements
and prepare an overall plan.
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Step 4
We will then return to present our proposals and to
agree with you the priorities for implementation. |
Step 5
Once the plans are agreed we will make the necessary
arrangements, guiding you through any application forms
that may be required, and explaining any documents that
may be provided. We will then let you have the policies
or contracts as they become available. |
Step 6
Our service does not stop here. We will contact you
regularly, in order to:
- Keep you advised of developments that might be
of interest to you;
- Undertake periodic reviews with you of the investment
you have made through us; and
- Discuss your evolving requirements as circumstances
change.
And, of course, we are available for you to contact
us with questions you may have.
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How we are paid
Traditionally, advisers have been remunerated by commission
paid by the providers of investment and protection products
(for example) arranged for their clients. Increasingly, however,
there has been a trend toward the payment of fees, whereby
an agreed amount is paid for work undertaken, irrespective
of whether any plans are arranged, or not.
We are perfectly happy to work on either basis. Most clients
are happy for us to be paid commission by product providers
for the work we undertake.
If, however, you prefer that we are paid a fee then any commission
received in respect of investment, pension, or protection
insurance will normally be offset against any fees agreed.
Nothing worth having in life is free – professional
financial advice is no different.
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