Financial Planning Process

iMoney Wealth Management has developed a unique financial process that offers you a clearer and more efficient method than the competition. Best of all is that with our service you will get a free initial meeting at no cost. 

The purpose of our initial meeting is to establish what advice you are seeking and what you hope to gain from financial planning. Initially we will try to understand your goals for now and in the future. Additionally we will need to try to gain an understanding of your current personal financial position in order to develop how we can help you.

After the initial meeting we can tell you whether we can add the value that you are looking for. In the event that we agree that we can work together, the fee structure will be laid out for you and we will provide you with how our services will benefit you. Then you will receive our engagement agreement which your should take home to reflect on the financial plan that we have discussed. Should you wish to proceed then you need to sign and return the paperwork and we will start working on your financial plan.

Part of your initial strategy will involve your ‘risk profile’. It will play a central role in the strategy we provide you. Your risk profile is important due to the fact that investments that offer a higher rate of return normally are more likely to lose money.
 

Clear recommendations will be set out in regards to your goals and objectives and we will illustrate the benefits of the recommendation we are making which may be taxation savings or less tangible outcomes like less stress. iMoney Wealth Management understands the importance of offering the right strategy since it will lead to a healthy financial future.

 

Additionally we will offer recommendations in regards to remedy shortfall in capital or income. Our financial advisors will also provide comprehensive recommendations on estate planning, strategy ideas, and cash flow or the best advice may be to continue your current situation.  We take into consideration a global view of cash, debts, term deposits, listed equities and investment properties. Part of the initial advice will also consider superannuation, pensions, managed funds and insurance policies.

During the implementation stage of your financial plan we will discuss strategies and their alternatives. Additionally we will take a close look at products and research them to determine which ones best meet your personal and business needs. Upon completing your 'Investment Gap Analysis Procedure', we will finalise your financial plan to make your that it meets your lifestyle needs. Our next step is to present you with your Statement of Advice (SoA) and go over our recommendations with you to make sure you understand them and ask any questions if need be. Finally we will seek your agreement to implement the agreed upon strategy. Once you have given us your approval we will implement the recommendations and purchase certain investments as well as personal risk insurance. Your plan will be carried out in a timely manner and with precision. Every action will be carefully documented for your review and we will lodge your applications which will save you time and cause you less hassle. In the event that outside assistance is needed we can refer you to a trusted associate who we know and trust.

After implementation of the plan, we will guide you with the most important aspect of your financial plan which is ongoing maintenance.

iMoney Wealth Management offers a holistic pro-active service for your every need:

With continuous change in life our financial advisors can help you to stay on course to ensure that you achieve your goals and objectives that you have set forth. Download your FREE financial mobile apps today or browse through our FREE ebooks to get a start on your financial plan today.
 

Book your FREE financial consultation today to try our Financial Planning process.