OUR FINANCIAL ADVICE PROCESS- PART 4: IMPLEMENTING YOUR FINANCIAL PLAN
In the last post, we talked about the advice meeting. During the advice meeting, we provided you with our Statement of Advice and asked you what you would like to implement.
Usually, a client won’t make the decision in the meeting but instead will take some time to discuss it at home. Once you’ve decided what you would like to implement, you provide us with the signed Authority to Proceed and we start putting it all in place.
This may involve applying for insurance, opening super accounts, opening investment accounts etc. On the banking side, you’ll usually need to set up your bank accounts to suit the financial plan or to adjust your existing accounts to suit your needs.
We will need you to complete application forms during this period and will help you to fill these out by marking them up for you and getting you back in for another meeting if you find that helpful. Most people are happy to just fill out the forms at home.
Once everything is place, we’ll let you know that your financial plan is ready to go!
If you’re receiving ongoing advice, we will start the next phase of our advice which we refer to as the coaching phase. We’ll address this in next week’s blog. As always let us know if you have any questions.
This post is from our resident Financial Planner Ben Brett, check out his details in the About Us section.
Want more information like this? Of course you do, sign up to our newsletter and we’ll keep you informed.