The Life Centred Financial Planning Process
1. The Discovery Stage
The Life Centred Organiser
This is a personal, professional and financial overview document to help organise your thoughts, plans and objectives for the coming years.
The Life Centred Discovery Meeting
At this meeting you will consider your worries and concerns and how we will help you to achieve your personal goals and lifestyle aspirations
2. The Life Centred Financial Plan
We will construct your holistic life centred financial plan that places your life at the centre.
The plan will highlight your worries and concerns and provide the solutions to help eliminate them.
It will focus on your personal goals and aspirations for the short, medium and long term.
It will contain full details of your assets, including investments, pensions and policies, and examine these to ensure we have a full understanding of their structure, tax efficiency and identify whether they are appropriate for your circumstances.
It will have a net worth statement which incorporates your assets and liabilities together with an in-depth analysis of your income and expenditure.
Produce a lifetime cash flow analysis
Calculate if and when you will run out of money in the future
Examine the impact a catastrophe, such as death or disability, is likely to have on your projected lifetime cash flow position.
Identify any estate and succession planning issues
Identify any tax planning strategies
Identify any areas which require attention
It will provide order and structure to help you make informed decisions about your ability to create and maintain your lifestyle.
It will recommend specific solutions and implementation strategies.
3. The Planning Meeting
This is a meeting to review and make any necessary amendments to your Life Centred Financial Plan prior to implementation.
4. The Implementation Process
We will implement the recommendations within your Life Centred Financial Plan.
5. Keeping Your Life Centred Financial Plan On Track
To ensure your desired lifestyle remains on track and your goals are being achieved you need to review on a regular basis.