Financial Planning

What is Financial Planning?

Financial planning is a process that will assist you in realising your life goals by properly managing your finances. This can include planning for your retirement, saving for your child’s education, buying a home or planning your estate.

This process involves gathering information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plans.

I am qualified to take you through this process to develop and implement a strategy that will bridge the gap between where you would like to be and where you are right now.

Do I need Financial Planning?

Financial Planning has developed into a professional industry over the past 15 years. The complexities introduced by legislation have increased product choices and investment risk. While some personal finance software packages and books can assist you to better understand financial planning, I am suitably qualified to guide you through this important process.

The role of your financial planner

I am trained to advise you on a specific plan to suit your unique circumstances. This can help you evaluate the level of risk in your investment portfolio, adjust your retirement plan due to changing family circumstances or provide tax advice that will contribute to the success of your plan.

It is the responsibility of the financial planner to ensure that you understand financial planning, and also help you reach your goals. I undertake to:

  • Give you advice and information
  • Refrain from making any financial decision on your behalf
  • Discuss detailed strategies to achieve your financial goals and objectives
  • Design your financial plan and monitor its progress while focusing on your risk profile, tax, inflation and effects of delayed action
  • Disclose my remuneration

Find out more about financial planning by visiting our blog posts in the financial planning category! Click here.