Wealth Solutions: Our Planning Process
Private Wealth Management with Focus is the ongoing process of providing advice and assistance to ultimately achieve our client's financial goals, maximising opportunity and growth, within a personalised, one to one, framework. To formulate growth strategies for our clients we undergo a process that can be defined simply into three categories:
| Planning |
Data collection, risk tolerance, defining objectives, analysis...more |
| Implementation |
Establishing & reorganising structures, initiating & restructuring investments against objectives, liaison with existing industry professionals...more |
| Review |
Benchmarking, implementation of changes within market conditions, proactive contact, advice on legislative changes...more |
This process begins with a meeting with one of our Focus Private Wealth Managers. This gives us an opportunity to present our services to you, establish your requirements and expectations and give you a chance to experience the enthusiastic and motivated culture of our organisation.
Planning
Planning involves the analysis of your personal and financial needs and objectives, including collection of relevant data to ascertain risk tolerance;
Meeting with you to clearly establish your personal and financial needs and objectives. Establishing your risk profile to ensure our recommendations match these needs and objectives and to discuss strategy and investment alternatives in broad terms before the preparation of a written strategy;
- Full review of your entire investment and your risk policy portfolio.
- Financial investigation, assessment and analysis of alternative investment planning strategies;
- Research and identify actual investments suitable for your future, bearing in mind your preference for growth and/or income and your tolerance to risk. This process requires careful consideration across the entire range of direct and managed investment opportunities;
- Preparation of a specific written Statement of Advice (SOA) tailored to your individual financial circumstances, and presented in a suitable report form for presentation and discussion purposes;
- Attending a follow up meeting to discuss the written strategy and discuss any queries.
Implementation
- Implementation of recommended investment and risk strategies as per your SOA, including completion of all associated documentation and application forms for lodgment with institutional managers.
- Assistance in establishing or tailoring existing structures such as self managed super funds, trusts or companies to your needs;
- Tailoring existing investments to meet strategic objectives;
- Liaising as necessary with other professional advisers;
- Assistance with establishing leveraged investment opportunities.
Review
- Provision of regular ongoing review services designed to keep the strategy up to date and running smoothly;
- Portfolio valuations and summary of investment performance against relevant benchmarks;
- Advising on and implementing any changes necessary to existing investments;
- Ensuring your current strategy remains appropriate in view of changing economic, taxation, personal and financial market conditions;
- Advice on how to meet expected expenditure needs e.g. (new car, holiday etc.);
- Review of personal insurance and estate planning needs;
- Advice on any changes in our recommended investments on a proactive basis.
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