Financial Planning is a process whereby you have to determine the most efficient use of your income to achieve your desired goals and objectives. Financial Planning is a system of “trade-offs” where balancing your desired goals and objectives with achievable goals and objectives is the challenge.

Simplified Six Step Process:

1. Review your current situation and gather background information.
2. Identify and prioritise your financial and lifestyle goals and objectives.
3. Analyse the financial hurdles that may hinder your ability to achieve your goals and objectives.
4. Preparation of a comprehensive statement of advice, which details strategies that will assist you in achieving your goals and objectives.
5. Implementation of the strategies if you are comfortable with the requirements.
6. Establish a review process, whereby you can ensure that you are on track to achieve your goals, including review of the appropriateness of your goals and objectives as your personal situation changes.