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The Financial Planning Process

The financial planning process is a two-way process that takes six steps to structure and implement a financial plan which will help you achieve your short and long-term goals.

 

Step 1 - Prepare your financial details

At your initial meeting with your FMD Adviser, you will firstly discuss your current financial situation. At this stage you should set out your income, assets, debts and commitments. It is your opportunity for a financial stocktake.

Step 2 - Identify your goals

At this first meeting, you will outline your personal and business financial goals, clarifying the position you want to reach in the future – whether it is five years or three decades away.

Step 3 - Develop a strategy

At this stage you can see gaps between where you are and where you want to be. Your FMD Adviser will clarify your financial strengths and weaknesses. Your Adviser will then develop a financial strategy tailored to your individual needs.

Step 4 - Consider recommendations

Your FMD Adviser will work on detailed recommendations with clear targets to help you achieve your short and long-term goals. You will meet with your FMD Adviser to discuss these recommendations and consider all the supporting documentation.

Step 5 - Implement the financial strategy

When you are completely satisfied with your FMD Adviser recommendations. The necessary paperwork is then completed and we are ready to implement your financial plan.

Step 6 - Review your needs

In this ever-changing environment of financial markets, government legislations, health issues and family circumstances, our ongoing service and review program ensures that your financial plan remains up to date. Your FMD Adviser will discuss these changing circumstances with you and give regular updates on your portfolio.