What does a financial adviser do?

In addition to helping you get a step closer to realising your financial objectives, professional financial advice will help you in the following ways: 
 

• You will have clear goals for achieving your life dreams
• You will gain an understanding of your finances and financial concepts in general
• Your financial information will be well-organised
• You will build the foundation for making good financial decisions
• It can act as a crystal ball, showing you the future by clearly outlining the consequences of the decisions and choices you make today
• Helps you articulate a vision and a set of action steps to achieve it via creation of a financial plan; a proper financial plan is constantly evolving and adapting to take inevitable life changes into account and it keeps you on track to realising this vision
• You will remain accountable to yourself and to an objective third party, your adviser 

Each of our client’s requirements are unique. Most people, however, can expect the following process when they come to us for advice: 

Analysis of your current situation 

In the first meeting, you and your adviser will discuss your finances, and your concerns. Your adviser will review your income and expenditure, your total assets and liabilities, and will discuss your goals, objectives and vision for the future. They will provide you with information about key wealth creation concepts. You’ll have the opportunity to question them on their expertise, investment strategy, philosophy and more.

Presentation of your draft financial plan 

You will be presented with recommended strategies which will become the draft model of your financial plan. From there, you and your adviser will work together to formulate an agreed-upon final model and they will also introduce additional wealth creation concepts. Your adviser will ensure that every detail is adequately covered and that you understand the issues involved. At this point your adviser will be able to provide full details of costs upon implementation, should you wish to proceed with implementing your financial plan.

Implementation of your approved model 

With your financial plan ready to be put to action, you will be required to fill out some paperwork. Once this is complete, your adviser can proceed with implementing your financial plan.

Annual review 

Circumstances change, as do priorities, life goals and objectives. At least once per year you will be provided with an extensive face-to-face annual review of your financial plan, with updated recommendations.