Planning

Planning

At Foresthill Financial Planning, it is financial planning that sits at the heart of everything that we do. The value that we bring to our clients is in helping them identify their financial goals and then ultimately travelling on the journey with them, to help them achieve those goals.

Central to our approach is our structured financial planning model. This is applied, irrespective of whether you are seeking to grow your wealth, plan for your retirement in a tax efficient manner or provide financial security for your family or business.

Our planning approach is employed at the outset of our relationship with you, and then at each review point into the future, ensuring that your financial objectives stay central to every financial decision made. 

 

The Foresthill Financial Planning Process


 

  • Current financial picture: We start by gaining a deep understanding of your financial backdrop today – your assets, debts, income, expenditure and current solutions in place. We also get a clear understanding of other relevant factors such as your family needs and your employment status among many other factors.
     
  • Financial objectives: We now seek to clarify what you want to achieve. Are you seeking to grow your wealth through building an investment portfolio? Or maybe maintaining your lifestyle in retirement is an important aspiration? It may be to ensure access at retirement to the funds you’ve built up over the years or to provide financial security for your family in the case of illness or death? Or it may simply be about reducing the cost of any of the above. Once we know the destination, we can plan out the journey!
     
  • Your Risk Appetite: We need to understand the amount of risk you are willing to accept on your financial journey, as this will drive the shape of any investment solutions put in place. Do you want steady, but possibly slow growth? Or are you seeking the potential for greater rewards, but with the added price of greater volatility and risk?
     
  • Our Analysis: Now that we understand your starting point, your destination and the risk that you want to take along the way, we identify what is needed to ensure you achieve your objectives.
     
  • Developing a Plan: We now work with you to identify your preferred path. Are your objectives achievable? Do you need to save more each month or wait longer before you can retire? Does your budget stretch to your preferred level of financial protection for your family? This is where we put in place a financial plan that might be challenging, but always must be realistic.
     
  • Product optimisation: Once we’ve agreed the plan and if a financial product is required, we research the market to identify the best solutions to meet your needs, and then negotiate on your behalf with the chosen provider to ensure that you receive the best terms possible.
     
  • Solution Implementation: We then manage the relationship with the product providers to get the solution in place, and help you complete the paperwork and all other parts of the process.
     
  • Scheduled Reviews: But the world doesn’t stand still! The economy changes, investment markets don’t behave as expected, maybe you get a big salary increase? All of these factors (and many more) will impact your financial journey. To ensure you remain on track for your financial objectives, we schedule regular reviews with you and adjust your plan and product portfolio as needed.