The Importance of Financial Planning

Financial planning is a broad term that covers a lot of different areas, from retirement planning to education funding to paying off a mortgage. It’s important to have a financial plan in place to make sure you are prepared for whatever life throws your way.

If you would like to receive assistance creating a comprehensive financial plan, we are here to help.

5 Steps to a Financial Plan

Step 1

We help you identify financial goals such as retirement planning, education planning, and estate planning, and prioritise them based on what is most important to you. We identify clear timeframes and separate your needs from your wants.

Step 2

We gather your financial and personal information to capture a detailed fact find of your current financial picture including your income, expenses, assets, liabilities, risk attitude, tolerance, and capacity to identify your current circumstances.


Step 3

We analyse your financial and personal information to compile a comprehensive report that reflects your financial profile. This helps us identify areas of strength and weakness to help us identify areas of improvement to help you achieve your goals.

Step 4

We develop and present a financial planning report that compares your current plan to our recommended plan to help illustrate the difference between taking no action and taking action. If taking action has a desired outcome to help you reach your goals, then you can make the decision to help us go to work for you.

Step 5

We recommend and implement a course of action that may include transferring your pension, setting up a savings plan, investing your cash savings, income & expenditure adjustments, or life insurance.

Am I on Track to Reach My Financial Goals?

It is important to remember that it is never too early to start planning for your future. The sooner you start, the better prepared you will be. A comprehensive review will show exactly where you stand and how far you are from reaching your goals. While achieving your goals you are not alone, you will get quarterly updates and during a yearly review, we make sure you are still on track and that your plan is still right for your current circumstances.