How we work
|
The 5 Stage Process |
To ensure our advice is tailored to your requirements we have devised a rigorous five stage process that evaluates your present financial plans and future objectives, recommends and implements necessary changes and undertakes regular reviews with you to monitor progress and make any required adjustments.
|
Stage 1 – Discovery |
Your financial plan will be personal, flexible and individual. To ensure this we have to understand your:
- Current financial position – including income and outgoings, assets and liabilities
- Short, medium and long term objectives (personal and financial)
- Existing investments and past experience of investments
- Attitude to investment risk.
|
Stage 2 – Evaluation |
Stage 2 allows us to review and approve your existing investments. We will compare (or benchmark) them with similar funds, sector averages and above all your attitude to risk. In addition, we will also look at any potential tax and cost savings that could be achieved in order to maximise your returns.
|
Stage 3 – Solution |
Each financial plan is unique depending upon your personal circumstances and objectives. Stage 3 focuses on bringing together the right balance of investments and financial instruments to meet your short, medium and long-term objectives. The aim is to deliver your financial security in a flexible, tax efficient and cost effective way. It is at this point we will agree to work together now and over the coming years.
|
Stage 4 – Implementation |
Having entered into a commitment to work together we will agree with you the priorities and timescales in establishing your Personal Financial Plan. In addition, we will take responsibility for administering and arranging the components of your plan and providing you with an up to date summary of your objectives, portfolio and our recommendations.
|
Stage 5 – Review |
Reviewing your goals and objectives is a vital part of the process and will be conducted at least once a year. More regular and/or one off review meetings can be arranged on request by you or by Williams Financial Planning Ltd. This may be because of a change in your circumstances or some other relevant issue or opportunity has arisen. At any point we are able to react and modify your Personal Financial Strategy to accommodate any changes that are necessary or desirable.
