Advice process

We have developed a six stage financial planning process, which is designed to provide you with the framework you need to organise and make the best possible use of your financial resources.

1. Initial meeting

An initial meeting to introduce ourselves and explain the service we will provide, understand the scope of advice you require, and give you an idea of likely costs. There is no charge for this meeting, and no obligation to proceed.

2. Gather information

If you decide to instruct us to act for you, we will spend time with you to ensure we understand how you got to where you are now, what your current situation is, and what is important to you now and in the future. This will include exploring your attitude to investment and other risk. We will aim to set targets for what you want to achieve and when. We will also need to gather factual information about your current arrangements.

3. Analyse and evaluate the information

Once we have gathered and understood all the necessary information, we are able to assess your current situation and determine what you must do to meet your goals. Depending on what services you have asked for, this could include analysing assets, liabilities and cashflow, current insurance coverage, investments and tax planning strategies.

4. Develop and present financial planning recommendations

We will prepare a personalised strategic financial plan that addresses your goals, based on the information you provide. We will go through our recommendations with you, to ensure you understand them so that you can make informed decisions. This part of the process also gives us an opportunity to listen to any concerns you may have and revise the recommendations if appropriate.

5. Implement the recommendations

We will agree with you on how the recommendations will be carried out. This might include co-ordinating the services of other professionals such as lawyers, accountants or stockbrokers.  Our aim is to minimise disruption and inconvenience to you.

6. Monitor the recommendations and provide ongoing service

We will agree with you who will monitor progress towards your goals. If we are in charge of this process, we will report to you periodically to review your situation and adjust the recommendations, if needed, as your life changes.

For more information on this service please follow this link to find your nearest office  - Our office locations

Tait Walker Wealth Management is a trading style of Tait Walker Financial Services Ltd which is authorised and regulated by the Financial Services Authority.