Financial Planning is a process that is sometimes confusing and often daunting for many people. At Professional Investment Services we like to make sure that this process is not confusing or daunting for our clients so we work hard to ensure they are kept informed every step of the way
We have quality procedures in place to ensure we fully understand your current financial situation, goals and dreams.
Our process differs from others in that we carefully analyse your complete financial position in terms of understanding your goals and needs, while highlighting your financial planning issues, all without cost or obligation, ensuring you have time to arrive at an informed decision to employ our services.
We regularly review your situation to keep your informed and to build the client relationship we consider so important.
Our system brings into clear focus precisely what is realistically feasible. The fact that we do this at no cost initially is testament to the fact that we retain our clients for the long term. Building wealth is one thing but what’s the point if you don’t have personal goals and dreams as well.
The Financial Planning Process is made up of 6 steps.
1. Find a Professional Investment Services Wealth Coach
Contact your local Professional Investment Services Office and a registered Wealth Coach near you will be in touch to arrange the initial consultation.
2. Checklist: Preparing for the first interview
Prior to the first interview, it is recommended you consider your financial and lifestyle objectives for the short, medium and long term.
These may include:
*Wealth creation
*Savings capacity
*Income requirements present & future
*Lifestyle needs
In addition, we recommend you compile the following documents (listed below) for the initial interview to enable your Wealth Coach to obtain a clear understanding of your present financial position.
*Personal investment details including investment and rental statements
*Tax returns
*List of liabilities eg. amount and applicable interest rates
*Additional assets
3. Initial consultation
On first meeting with a Professional Investment Services Wealth Coach, they will provide you with a disclosure statement which outlines their;
*Qualifications
*Responsibility for advice given
*Restrictions applying to advice given
*Fees and charges
*Complaint resolutions schemes available
*Privacy information
The first meeting objective is to ascertain current position, expectations, future objectives and risk profile. This is achieved by asking a series of personal and lifestyle questions supplied in a client data form.
At the conclusion of the meeting, the Wealth Coach will seek your commitment to prepare written recommendations that addresses your financial situation and will detail any fees that apply to this process.
4. Written Recommendations
After preparing the written recommendations your Wealth Coach will meet with you to go through it step by step and answer any questions that may arise. You must also confirm that the details within the written recommendations are correct.
At the conclusion of this meeting, your Wealth Coach may schedule a follow-up to answer any further questions.
5. Implementation
If you are happy with the recommendations and wish to these, your Wealth Coach will ask you to sign an ‘Authority to Proceed’ that formally documents your consent.
Your Wealth Coach will assist you with the implementation process including completing forms and lodging the applications.
6. Review and service
Maintaining ongoing review and service of your financial plan is vitally important to achieving the optimum results in your financial future.
Many variables in your life can change over time impacting on the suitability of your investment portfolio.
At a minimum, Professional Investment Services recommends annual review of your financial plan to ensure it continues to meet your needs
Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time.
At Professional Investment Services we can provide a comprehensive range of services that will ensure you, our client is cared for in the manner you expect.