Advice & Review Process
Our 6-step financial advice and review process helps us give you get the best advice for your needs, means and goals.
These 6-steps exist so we comply or exceed all the requirements set out by the industry and its regulators. In fact our staff are actively involved and consult to regulators and committees on behalf of the financial planning industry – not only because we want the best outcome for our clients, but we care about the financial planning industry’s reputation and credibility.
Our 6-Step Advice & Review Process Explained
The first step in our Advice and Review Process is about getting to know each other – what you are looking for and whether we can help you achieve your goals and aspirations and over what timeframe? What does your life look like today and what do you want it to look like in the future? Whether your financial goals are audacious or modest, long term or short term – now is the time to imagine your goals and where you’d like to be.
During the second step we drill down into your financial position to see what it takes to achieve your goals, sorting your priorities and if can get to where you want to be in the timeframe you desire. We also look at other issues you may not have thought of and how this fits into your vision of the future.
We prepare a plan that is designed to meet your individual needs and requirements addressing both strategies and products. This action plan will be presented to you in form of a “Statement of Advice” (SOA) in Step 4.
After all of the alternatives and information is analysed, a Statement of Advice (SOA) will be presented to you. The SOA is a written document prepared especially for you by our team containing specific recommendations to help you meet your financial goals and objectives. It is vital that you feel comfortable with the strategy, so this is an opportunity to understand what we have recommended and why, and make any adjustments if needed.
After discussing the financial strategies presented to you in the “Statement of Advice” (SOA) and making any adjustments requested by you, we implement the financial plan and recommendations agreed upon.
Regular reviews and ongoing advice are essential. It is no use setting goals and objectives unless your progress is measured to see how you are going. Things can change – your own situation, markets or legislation – and from time to time the plan may need to be adapted. We also like celebrating your achievements!