Bespoke Wealth Planning Service

6 steps to creating a successful financial plan

We have a 6 step process for successfully creating and managing our client’s portfolios:-

Establish and define our relationship with you

• We will clearly explain and document the services that we will provide to you and define both our and your responsibilities during the financial planning process.
• We will explain fully how we are paid and by whom.
• We will also agree on how long the professional relationship should last and on how decisions will be made.

Getting to know you

• Together we will define and prioritise your personal and financial objectives.
• We will gather details on your current and future financial circumstances and the timescales to achieve your objectives.
• We will establish and agree your attitude to investment risk, both generally and towards the specific recommendations under consideration.

Analyse and evaluate your financial position

• We will analyse this information to establish whether your current investments will achieve your stated objectives or whether they should be rearranged to help you benefit.
• We will use our state of the art cash-flow modelling software to help determine your current financial position, taking into account your income, expenditure, assets and liabilities, and project these forward far into the future so that we can also determine how your future financial position may look.

Develop and deliver your personalised recommendation

• We will present our analysis and recommendations to best achieve the objectives agreed.
• The recommendation will cover your objectives, age and life cycle, attitude to investment risk, current and future financial circumstances, timescales, attitude to responsible investments (ESG) and tax position.
• Your adviser will present the recommendations with you to ensure you fully understand them so that you can make informed decisions.

Implementing our recommendation

• We will issue you with the necessary documents to complete the recommended strategy.
• We will handle the interaction with the financial providers on your behalf.

Monitoring and ongoing reviews

• Your adviser will conduct regular reviews with you to ensure any changes in circumstances such as objectives, risk tolerance and any other relevant information, and also legal, tax and regulation changes are taken into account.
• Again we will use our state of the art cash-flow modelling software to update your financial plan to help determine whether you are still on track to meet your objectives.
• We also assess the performance of your investment and pension portfolios to determine the level of volatility and returns.
• We consider regular reviews to be an essential part of financial planning advice.