CAM’s 6-step Financial Planning Process
1. Establish your life goals – We seek to understand you as a person and your aspirations. What do you want out of life, what you do want for you and your family, what are the likely financial implications of these objectives, both now and in the future?
2. Gather data – We then dig deeper to establish precisely your current position and how financial decisions you have taken in the past have impacted on your current and future arrangements.
3. Analyse data – Are your current plans and investments good, mediocre or bad? Do they still meet with your current objectives, attitude to risk and personal taxation position? If not, what actions are required?
4. Prepare the Financial Planning Report (sometimes referred to as your Personal Financial “Road Map”)– we design a highly personalised written plan around the objectives you have shared with us.
The plan will consider in some detail where you are now, where you wish to get to and provide some specific recommendations on how to get there. It will also incorporate your attitude to personal investment risk, and any ethical considerations you have highlighted. By looking at the “bigger picture”, we are able to create a fully integrated plan precisely relevant to your own circumstances.
5.Implement the plan – Having first agreed on any recommendations made, the next step is to implement them. This will normally consist of the completion of relevant paperwork with full assistance provided by our highly professional and qualified Client Services Team.
6. Review the plan on a regular basis – Your circumstances will change, markets rarely stand still, tax law alters and new opportunities continually arise. For these reasons we believe that it is imperative that we undertake a proactive review service. This is achieved through our Wealth Management Programme.
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