Advice Process
How We Work
Financial planning is often likened to a journey, and that means having a starting point and a destination, as well as potential stopping off points along the way. The more thought that goes into the journey, the less stressful and more direct it will be.Portfolio Wealth Advice provide a complete financial planning and investment advice solution, building long term and trusted relationships.The 6 stage advice process helps us to best meet the varied and complex needs of our clients.
1
STEP
Initial Contact.
Explain who we are, how we work and what we could do for you.
The process starts with an introductory conversation to understand your needs and goals.
STEP
2
Gather financial information at the introductory meeting.
We run through a fact-finding exercise to establish a snapshot of your current situation. We will identify your goals, needs and objectives, taking into consideration your attitude to investment risk and the compatibility of our services. This enables us to present to series of initial ideas, techniques and potential strategies. You then have the opportunity to take the ideas away, give consideration to the ground covered and to decide how best to proceed.
STEP
3
Evaluate data and develop your financial plan.
In-between the introductory and the second meeting we will work hard to evaluate your goals, research the marketplace to locate the most suitable products and develop a detailed, bespoke financial planning strategy.
STEP
4
Meet to discuss and finalise your financial plan.
In the second meeting we present our initial recommendations in a clear and concise manner.
This will be an opportunity discuss the logic and the rational of the financial planning strategy.
STEP
5
Implement your agreed financial plan.
We look to address the finer detail of the recommendations. This involves liaising with product providers, running through the necessary paperwork and starting the new, improved financial plan.
STEP
6
Monitor and refine your plan.
We will agree with you a program for regularly reviewing your financial affairs, ensuring that you are on track to meet your goals.
We will review the performance and suitability of our recommendations to ensure these continue to achieve the desired objectives and keep you informed of the progress against your financial ‘road map’.
