What to expect when you see a financial planner – the 7 step process

The law requires that any personal advice you receive from us must be appropriate to your circumstances. While you have the right not to tell us personal information, if you don’t, the advice you receive may not be appropriate to your needs and your financial situation. When we meet we will take you through a 7-step process:

Step 1An initial consultation that allows us to find out about each other.

Step 2 We will collect all the information we need from you (sometimes called ‘fact finding’).

Step 3We will help you identify your goals and current financial position. We normally do this at the same time as the ‘fact find’.

Step 4We will consider the 7 building blocks or strategies (eg, tax, social security, estate planning etc), then develop and present you with written recommendations in a financial plan (called a Statement of Advice).

Step 5We will discuss the recommendations with you and make sure you are comfortable and agree with them.

Step 6We will implement the agreed recommendations.

Step 7We will periodically help you review your objectives, financial situation and needs.
It is important to remember that you are in control and can decide whether to stop, change or continue at any stage of the process.