No matter how successful you become or what stage of life you’re at, there’s always a next step to prepare for and another challenge to meet. It could be an education for your children, a comfortable retirement, protecting you and your family, or securing a happy future for you and for those you love. Building a personal financial plan is the first and most important step to reaching your investment goals. A well-crafted financial plan provides a stable foundation upon which to manage and grow your assets.
Financial planning is the process of developing strategies to help you manage your financial affairs so you can build wealth, enjoy life and achieve financial security. At Mark Farmer Financial Solutions we take the time look at every aspect of your life. Taking unnecessary risks is simply unnecessary.
We follow a defined financial planning process (or advice process) so that you can achieve all of the benefits of financial planning advice. Of course, everyone is different, with different circumstances, needs and goals. We treat every client as an individual however by following a defined process, you know what to expect from us.
Reviewing a plan periodically ensures you stay on your course to prosperity, after all an initial plan can only be considered a financial blueprint. Shifting global economics, volatile equity markets, regulatory changes and even your own life events can affect your financial strategy. The imperative is to be able to manage risk and adjust your settings as appropriate. We remedy this by regularly meeting and modifying the plan to accommodate these changes.
Having an expert adviser as a sounding board for your important life decisions and financial concerns is vital. Our clients enjoy an ongoing conversation, both formally in strategic reviews and more informally as we share your life journey and aspirations.
Initially we discuss your current situation and help you identify your financial and lifestyle goals. This ensures we understand your needs, you understand what to expect from us and you can understand how financial advice can benefit you.
We will also ask for copies of your latest statements for any investments, financial products or insurance policies you hold and anything else you feel that would be useful to have present at our discussion. Items like a SMSF Trust Deed, values and income of properties, bank account details etc are always useful to bring in.
Based on our discussions and research we will present you with a customised financial plan which will detail the strategy we have determined is most suitable to your needs and objectives, and the products that will facilitate these strategies. Ultimately it will set you on the path to where you want to be.
Our value goes beyond the receiving a return. Sometimes life takes us in unplanned directions and we can help you with some of the non-financial aspects of financial planning such as insurance claims, estate planning and intergenerational planning. As time goes on and your circumstances change, your financial plan will need to evolve. Our relationship develops so that if something happens that you think may impact your plan, we will arrange to meet and alter accordingly.
We will continue to take a proactive view of your affairs, risks and opportunities.
This includes:
- Reviewing your assets and liabilities
- Assessing your cash flow and spending patterns in line with your financial goals
- Adjusting your asset allocation and investment mix as the external environment changes
- Reviewing your risk management strategies
We will contact you periodically to meet to review changes in your personal goals and regularly update you on any relevant legislative or market changes, threats and opportunities that may arise.
To find out more about our financial planning service contact us for an obligation-free consultation at our expense. We’re here to assist you in securing your financial future.
