Financial Plan Preparation
Strategy development
We follow a detailed financial planning process and develop strategies for your retirement, wealth, taxation, finances and risk management to enable you to get the required investment return, which will allow you to meet your financial goals. We will begin to develop a strategy that is best suited to you. This will encompass reviewing your investor profile, your tax position and your goals for the future, as well as possible issues (e.g. legacy, philanthropy, social security and estate planning). We will then contact you with some strategy options for your initial consideration. When you decide you have a preference to one of the strategies, we'll discuss it.
Determine asset allocation to provide required return
Then we will ascertain a mix of diversified investmemt assets (ie. Property, bonds, cash, shares etc.) which will help you acquire your required investment return.
Review tolerance to investment risk
Our next step is important. We need to determine your tolerance to investment risk (such as the fluctuation of investment returns) then compare that risk tolerance to the amount of risk inherent in the specific asset allocation plan we have laid out for you.
Investment Gap Analysis
If these don't match, there will be a gap which will make it difficult for you to achieve your goals. So, before we proceed, we will help you reach a compromise which will give you comfort and security. We call this the 'Investment Gap Analysis Process'.
Paraplanning
While the financial planner is qualified to provide personal financial advice to their clients, the Paraplanner will prepare tables, spreadsheets, documents, locate the product research and crunch, summarise and analyse data, produce reports and pass this information and results to a financial planner, who will then place instructions regarding what strategies to recommend in a financial plan.
Learn more about our Financial Planning Process and feel free to ask us a question online.
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