"Lack
of money is no obstacle, lack of an idea is an obstacle"
Ken Hakuta |
The objective of financial planning is to ensure that our clients
achieve their lifetime goals by creating clarity as to what these
goals are and agreeing a strategy for achieving them.
The most important stage in financial planning is the clarification
of our clients’ aims and objectives are and assessing our
clients’ attitude to and propensity for risk. We recognise
that often how a client lives his/her life is a better indicator
of their propensity for risk than what they tell us!
So, we spend time trying to understand our clients – their
needs and value system, their wants, desire and passions. In doing
this, we hope to establish the key drivers in their lives –
this is essential to the advice process as it allows us to determine
what is or is not suitable for them.
Our job is then to identify and agree a suitable short, medium
and long term strategy. This would typically incorporate :
- Efficient money management :
a: personalised budgets (income and expenditure);
b: funds for emergencies;
c: liability/debt strategy and management
- Investment strategy
- Retirement planning
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