Deciding how best to invest your money, or which mortgage deal is the best can be daunting. With so many options available and so many uncertainties, how do you choose what’s right for you?

Our job is to eliminate as much of that uncertainty as possible and to work with you to identify the most appropriate way for you to achieve your financial goals.

The Heritage Financial Solutions Ltd advice process is designed with that in mind. It creates a framework for us to discuss your needs and expectations, to assess your current circumstances and existing provisions and agree your goals and objectives. By working through a series of logical steps, you will gain a better understanding of the reasoning behind our recommendations and confidence in the end result.

advice process

Getting to Know You

The logical starting point of the advice process is for us to get to know you. Our fact find is wide-ranging to ensure that the advice we will give you is soundly based. As well as exploring your personal and financial circumstances, we want to know who you are, what your attitudes and values in life are.

1. Establish and define the client-planner relationship.

We will clearly explain and document the services that we will provide to you, the client and define both our responsibilities during the personal financial planning engagement. We will explain fully how we will be paid and by whom. We should both agree on how long the professional relationship should last and on how decisions will be made.

2. Gather client data, including goals.

We will ask for information about your financial situation. Together we will define your personal and financial goals, understand the time frame for results and discuss your attitude to risk and how this matches against your goals. We will gather all the necessary documents before giving advice as needed.

3. Analyse and evaluate financial status.

We will analyse your information to assess your current situation and determine what you could do to meet your goals. Depending on what services you ask for, this could include analysing assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.

4. Develop and present Financial Planning recommendations and/or alternatives.

We will present financial planning recommendations that address your goals, based on the information you provide. We will explain the recommendations to you to help you understand them and so that you can make informed decisions. We will listen to your concerns and revise the recommendations as appropriate.

5. Implement the Financial Planning recommendations.

We should both agree on how the recommendations will be carried out. We may carry out the recommendations or serve as your coach, co-coordinating the process with you and other professionals such as lawyers, accountants or stockbrokers.

6. Monitor the Financial Planning recommendations.

We will agree on who will monitor progress towards your goals. If we are in charge of the process, we will report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.