Financial Planning RustenburgWe follow a process to help individuals and families achieve their life goals.
Life goals can include buying a house, saving for your child’s education, planning for retirement or planning for unexpected events such as death, disability or dread disease.
When our Financial Planning Rustenburg Advisers work with you they will follow a process that involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plans.
We build a long-term relationship with you and monitor the progress of your financial plan. We make adjustments when certain life events may occur and make sure to keep you on the right track.
Speak to one of our Financial Planning Rustenburg Advisers so that you can have peace of mind over your finances.
Our Financial Planning Process consist of six steps that financial planners use to consider all aspects of a client’s financial situation when formulating financial planning strategies and making recommendations.
SCROLL DOWN TO LEARN ABOUT EACH STEP IN THE PROCESS
Establishing and defining the client and personal financial planner relationship.
Gathering client data and determining goals and expectations.
Analysing and evaluating the client’s financial status.
Developing and presenting the financial plan.
Implementing the financial planning recommendations.
Monitoring the financial plan and the financial planning relationship.
One of our financial planners will inform you about the financial planning process, the services we offer, and our competencies and experience. The financial planner and the client determine whether the services offered and his or her competencies meet the needs of the client.
The financial planner considers his or her skills, knowledge and experience in providing the services requested or likely to be required by the client. The financial planner determines if he or she has, and discloses, any conflict(s) of interest.
The financial planner and the client agree on the services to be provided. The financial planner describes, in writing, the scope of the engagement before any financial planning is provided, including details about: the responsibilities of each party (including third parties); the terms of the engagement; and compensation and conflict(s) of interest of the financial planner.
The scope of the engagement is set out in writing in a formal document signed by both parties or formally accepted by the client and includes a process for terminating the engagement.
The financial planner and the client identify the client’s personal and financial objectives, needs and priorities that are relevant to the scope of the engagement before making and/or implementing any recommendations.
The financial planner collects sufficient quantitative and qualitative information and documents about the client relevant to the scope of the engagement before making and/or implementing any recommendations.
The financial planner analyses the client’s information, subject to the scope of the engagement, to gain an understanding of the client’s financial situation. The financial planner assesses the strengths and weaknesses of the client’s current financial situation and compares them to the client’s objectives, needs and priorities.
The financial planner considers one or more strategies relevant to the client’s current situation that could reasonably meet the client’s objectives, needs and priorities; develops the financial planning recommendations based on the selected strategies to reasonably meet the client’s confirmed objectives, needs and priorities; and presents the financial planning recommendations and the supporting rationale in a way that allows the client to make an informed decision.
The financial planner and the client agree on implementation responsibilities that are consistent with the scope of the engagement, the client’s acceptance of the financial planning recommendations, and the financial planner’s ability to implement the financial planning recommendations.
Based on the scope of the engagement, the financial planner identifies and presents appropriate product(s) and service(s) that are consistent with the financial planning recommendations accepted by the client.
The financial planner and client mutually define and agree on terms for reviewing and reevaluating the client’s situation, including goals, risk profile, lifestyle and other relevant changes.
If conducting a review, the financial planner and the client review the client’s situation to assess progress toward achievement of the objectives of the financial planning recommendations, determine if the recommendations are still appropriate, and confirm any revisions mutually considered necessary.
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North West Franchise is an affiliate of Liberty
The information contained in this document does not constitute advice by North West Franchise. Any legal, technical or product information contained in this document is subject to change from time to time. If there are any discrepancies between this document and the contractual terms or, where applicable, any fund rules, the latter will prevail. Past performance cannot be relied on as an indication of future performance. Investment performance will depend on the growth in the underlying assets, which will be influenced by inflation levels in the economy and prevailing market conditions. Any recommendations made must take into consideration your client’s specific needs and unique circumstances.
Liberty is an Authorised Financial Services Provider in terms of the FAIS Act (License No. 2409)