Partners in Financial Planning endeavours to practice holistic financial planning.\u00a0 We are committed to our clients and prefer to have life-time clients rather than once-off sales opportunities.\u00a0 To achieve this, we have a set financial planning process that would normally involve two to three appointments at the onset of a new business relationship.<\/p>\n
1: Establish Relationship:<\/span> 2: Gather Information:<\/span> 3: Analyse the Information:<\/span> 4: Present Solution:<\/span> 5: Implementation:<\/span> 6: Review:<\/span> Typically, step 1 and step 2 compromise one appointment, after which our analysis (step 3) is done and presented (step 4) at appointment two. Partners in Financial Planning endeavours to practice holistic financial planning.\u00a0 We are committed to our clients and prefer to have life-time clients rather than once-off sales opportunities.\u00a0 To achieve this, we have a set financial planning process that would normally involve two to three appointments at the onset of a new business relationship. 1: Establish Relationship: Clearly establish the nature of the service required by the client, as well as the responsibilities of the parties. 2: Gather Information: Complete a financial planning questionnaire with the client wherein we ask for the relevant information, including the following: a)\u00a0\u00a0\u00a0\u00a0\u00a0 Personal details. b)\u00a0\u00a0\u00a0\u00a0\u00a0 Financial position eg.\u00a0 employment details and employee benefits. c)\u00a0\u00a0\u00a0\u00a0\u00a0 Assets and liabilities. d)\u00a0\u00a0\u00a0\u00a0 Financial objectives. 3: Analyse the Information: Quantify and calculate the client\u2019s need\/shortfall based on objectives and current financial situation.\u00a0 This would include scenarios of death, disability, dread disease and retirement using licensed software. 4: Present Solution: a)\u00a0\u00a0\u00a0\u00a0\u00a0 Presentation of recommendations. b)\u00a0\u00a0\u00a0\u00a0\u00a0 Full disclosure of product options and fees. c)\u00a0\u00a0\u00a0\u00a0\u00a0 Allow client to reflect on recommendations to make a decision. 5: Implementation: a)\u00a0\u00a0\u00a0\u00a0\u00a0 Once client has decided to proceed, agree on implementation. b)\u00a0\u00a0\u00a0\u00a0\u00a0 Complete all necessary documentation and see administration process through to completion. 6: Review: Conduct a review at least annually or otherwise as agreed, to: a)\u00a0\u00a0\u00a0\u00a0\u00a0 Assess changing circumstances and needs. b)\u00a0\u00a0\u00a0\u00a0\u00a0 Monitor progress toward objectives. c)\u00a0\u00a0\u00a0\u00a0\u00a0 Make changes as may be required. Typically, step 1 and step 2 compromise one appointment, after which our analysis (step 3) is done and presented (step 4) at appointment two. The implementation (step 5) is appointment 3 and the review annually thereafter.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"yoast_head":"\n
\n<\/span><\/b>Clearly establish the nature of the service required by the client, as well as the responsibilities of the parties.<\/p>\n
\n<\/span><\/b>Complete a financial planning questionnaire with the client wherein we ask for the relevant information, including the following:
\na)\u00a0\u00a0\u00a0\u00a0\u00a0 Personal details.
\nb)\u00a0\u00a0\u00a0\u00a0\u00a0 Financial position eg.\u00a0 employment details and employee benefits.
\nc)\u00a0\u00a0\u00a0\u00a0\u00a0 Assets and liabilities.
\nd)\u00a0\u00a0\u00a0\u00a0 Financial objectives.<\/p>\n
\n<\/span><\/b>Quantify and calculate the client\u2019s need\/shortfall based on objectives and current financial situation.\u00a0 This would include scenarios of death, disability, dread disease and retirement using licensed software.<\/p>\n
\n<\/span><\/b>a)\u00a0\u00a0\u00a0\u00a0\u00a0 Presentation of recommendations.
\nb)\u00a0\u00a0\u00a0\u00a0\u00a0 Full disclosure of product options and fees.
\nc)\u00a0\u00a0\u00a0\u00a0\u00a0 Allow client to reflect on recommendations to make a decision.<\/p>\n
\n<\/span><\/b>a)\u00a0\u00a0\u00a0\u00a0\u00a0 Once client has decided to proceed, agree on implementation.
\nb)\u00a0\u00a0\u00a0\u00a0\u00a0 Complete all necessary documentation and see administration process through to completion.<\/p>\n
\n<\/span><\/b>Conduct a review at least annually or otherwise as agreed, to:
\na)\u00a0\u00a0\u00a0\u00a0\u00a0 Assess changing circumstances and needs.
\nb)\u00a0\u00a0\u00a0\u00a0\u00a0 Monitor progress toward objectives.
\nc)\u00a0\u00a0\u00a0\u00a0\u00a0 Make changes as may be required.<\/p>\n
\nThe implementation (step 5) is appointment 3 and the review annually thereafter.<\/p>\n","protected":false},"excerpt":{"rendered":"