The Financial Planning Process
We have set out a six-step model for financial planning. It may help you to understand how this works to see the disciplined approach that Moneyweb take to providing our services.
The six key steps are for the adviser to:
1.Establish and define the relationship between the client and the adviser
2.Gather the data about the client and agree their goals and expectations
3. Analyse and evaluate the client’s financial position
4. Develop and present the financial plan to the client
5. Implement the recommendations
6. Monitor and review the plan and the relationship with the client.
That is the whole process, but in some cases, one or more steps might be omitted. In particular, you might simply want a one-off consultation where we do not carry out any monitoring of your position in the future. You are then free to return for further work with us when it seems to be required or perhaps after an agreed interval of months of years.