The financial planning process consists of six key steps:
Financial Planning is a process that enables you to take control of your finances, and to use them to move positively towards your stated objectives.
Initial exploratory discussion
Lifetime Cashflow Forecasting
Our approach, via the above six-stage process, will always involve a qualitative assessment of your current situation and future objectives, including an in-depth review of your attitude to Investment risk.
Financial planning, however; should not be based on equity or bond markets and their performance, nor on financial products, but on hard facts. This means planning based on financial figures, time frames and an accurate assessment of risk; Cashflow Forecasting is a process whereby your current financial situation is measured against a stated future objective. Often, but not always, this will be retirement. The aim is to calculate whether or not you are on target to achieve your goal.
With this process, you get clarity on your future objectives and the peace of mind of knowing you have identified and are working towards achieving your financial goals.
“Planning is bringing the future into the present, so that you can do something about it now.”