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Your financial planning Journey

Financial Planning is an ongoing process to help you make sensible decisions about your money, and the journey begins with helping you communicate the things that are important to you, whether they be aspirational or material.

Many people contact Innes Reid because they know they need independent financial advice but are not sure where to start!

To begin the process, let’s show you how we can guide and support you through the steps of your financial planning journey, whether it be personal or business.

Getting to know each other

One of the most important parts of a successful financial advisory relationship is to truly understand who you are as a person and what you are looking to achieve, both financially and personally and how we can help.

Together, we will look at all the major aspects of your financial life, including your financial expectations and requirements, as well as your attitude to risk, and then define your personal definition of financial success. We will then work with you to convert this into a plan of prioritised objectives to be attained over a designated timeline.

Understanding your needs

In order for us to thoroughly understand your needs, we will compile a comprehensive record of your current financial position, which will include all your financial assets, as well as any gaps or weaknesses. We will also evaluate the success, structure and costs of any existing portfolio you may have, and discuss possible items for action, to make sure that your goals and financial position are united. We think that an open and honest conversation about your financial needs, views, expectations, and concerns is critical.

Creating a plan of action

Based on our findings, we will offer tailored suggestions / proposals for you to develop a long-term financial plan of action focused on getting you from where you are today to where you want to be in the future. Throughout this process, we will address any areas that need clarification, and make alterations based on any changes or additional information as it comes to light along the way.

Working with you

This is the point where all your financial plans really come to life – we will present our recommendations to you in the form of a detailed written report and, once we have both agreed that we are happy with the strategy, we will then start the process of working with you to invest your money into your future wealth.

Adapting the plan

We’ll constantly review your investments, financial plans and the products we recommend, and adapt the plan if, and when, we feel is necessary. The ongoing management of your financial plan is designed to free you of the responsibility of looking after your investment portfolio, but create an environment where you are always in control.

We will contact you if there is anything new to tell you about, particularly if we have a concern about any of your investments, or if there is a new investment we think you could benefit from.

As Chartered Financial Planners, we can offer you the very best independent financial planning service to develop a financial plan which is tailored to your personal or business needs, and keep you on the right path to achieving your short and long-term financial goals.

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