| Step two - Strategies and Recommendations |
To help you achieve your goals and objectives we prepare a statement of advice or financial plan. This forms the basis of our advice and details the strategies and recommendations that we believe should be implemented to achieve your stated goals and objectives agreed upon at the first meeting.
| Step three - Implementing your plan |
Once we go through the statement of advice with you and you are comfortable with the recommendations, we assist with implementing the plan. This usually involves completing paperwork and lodging applications with the relevant insurer and/or fund managers. Once completed, we confirm with you that everything is in place as it should be.
It is vital that your financial plan is reviewed on a regular basis to ensure that the strategies continue to meet your needs and that they are helping you to achieve your goals. Our first review is 3 months after implementation to make sure you are coping with the changes that have been made. We also conduct a review of your arrangements on at least an annual basis. Some plans require more constant reviewing and quarterly or half yearly reviews can be negotiated.
| Step five - Ongoing reviewing and rebalancing of portfolios |
We are constantly reviewing legislative and economic changes that may impact on our client's financial plans. We also review investment markets so that we are in a position to either alter an investor's asset allocation or rebalance a portfolio back to the intended risk profile as markets move. This service is particularly relevant for our retiree clients or clients with large investment portfolios. This is an additional service that can be provided by negotiation with your planner.
