The Clarity advice process begins with a free consultation to discover your needs and answer questions you have on any financial subject. You will never be under any pressure or obligation to proceed at any stage.
Following your free consultation you can either continue into your first advice session or take more time to think about it. If you do decide to proceed, we use a simple six step process to help you get from where you are now, to where you want to be.
Step One – understanding where you are today
To make relevant recommendations to support your current and future financial plans, your Clarity adviser will work with you to build an accurate picture of your overall financial situation, your financial objectives and needs, and the levels and types of planning that will meet your needs.
Step Two – identifying your ‘Money Motivators’
A vital part of the planning process is identifying what motivates you so you clearly understand what you’re working towards, in the short, medium and long-term.
Step Three – identifying any financial obstacles
Your financial adviser will compare your current financial situation with your Money Motivators and identify any shortfalls between where you are now and where you want to be together with the steps necessary to overcome them.
Step Four – preparing your ’Money Map’ financial plan
Having identified where you want to be and assessed your current financial situation, your adviser will formulate an overall strategy. For example, if this involves investing, central to the strategy will be your ‘risk profile’ – it is your attitude to risk that will principally determine the investments that the adviser recommends for you.
Your ‘Money Map’ will provide clearly identified recommendations relating to your goals and objectives. It will also recommend any actions necessary to remedy shortfalls, for example, in capital or income.
Step Five - putting your ‘Money Map’ financial plan into action
Once you have agreed to the financial plan developed with your adviser, he can implement it on your behalf, or assist you through the process. This may involve completion of all necessary documentation required to get your plan ‘under way’.
Step Six – reviewing your progress
The preparation and implementation of your ‘Money Map’ financial plan is the starting point of the journey towards your desired financial destination. To ensure your plan stays on track and relevant to your changing lifestyle, it should be reviewed annually.
Get started with a free consultation
Get all of your questions answered during a free consultation with an independent financial adviser. The initial consultation is free, without obligation and can help give you confidence in your present as well as your future.