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Financial Planning in Cambridge
Financial planning help can help you achieve your financial goals and there’s one thing for sure – if you don’t plan it’s the same as planning to fail.
These 6 steps are used by all Certified Financial Planners as an effective method of reaching client goals.
Establishing a relationship and determining your goals
Gathering your financial details
Analysing the information gathered
Designing your financial plan
Implementing the plan
Monitoring the plan and reviewing your situation
Life and your plans change. Therefore, it is important to regularly review your plans and your arrangements to monitor things like investment performance and continued suitability. Financial planning advice is most effective when you regularly review. It is important to continue to understand whether the initial advice is still working for you and keep your financial planner updated on your financial circumstances. Equally, regulations, taxes and legislation changes just as your circumstances do. If new laws come in to force that may affect your financial plan, these need to be taken into account and your arrangements may need to be tweaked to accommodate these and keep you on track.
These are steps are used by all qualified Financial Planners
We all have different financial goals and aspirations in life. Yet often, these goals can
seem out of reach. In today’s complex financial environment, achieving our financial goals may not be that straightforward. This is where financial planning is essential to help secure your financial future.
A financial plan seeks to identify your financial goals, prioritise them, and then outline the exact steps that you need to take to achieve your goals.
In a nutshell…
The financial planning process is designed to help you achieve and afford the things you most want from life, for yourself and your family. Whilst you may save money in the short term by avoiding financial planning, it could be very costly in the long term if you make the wrong decisions or buy unsuitable products. Financial planner’s knowledge, expertise and experience is something worth investing in – after all, it’s about investing in yourself at the end of the day.
