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The 8 Key Steps of Financial Planning

Our guide to the 8 Key Steps of Financial Planning

Financial Planning is a way of describing how you organise your finances so that you may successfully navigate each stage of your life, knowing that you have your finances under control.

Planning is important in this context because your future financial prosperity is often dictated by decisions taken today, possibly many years in advance of the outcome you desire.

The challenge we all face is how best to bring a number of variable, possibly disparate, factors together into one coherent whole. Successful financial planning is the application of the process which brings all these factors into the equation and produces an overall plan of action and activity which meets the requirements of each part.

The difficulty for financial planners is that every client is different, which means that there is no ‘one-size-fits-all’ solution. Each and every client requires a unique outcome.

The other major aspect, based on our experience, is that most clients and individuals require financial planning advice and help, but wish to retain an element (often a significant element) of control over their own finances. This places an emphasis within the financial planning process to create a partnership between the financial planner and their client, so that the financial planner may provide the advice/service required but the client still has control over their own position.

We believe all of this can be achieved by following a consistent approach which is based on eight key steps and components.

The fact that this approach is consistent does not mean that there is any lack of scope to make the outcome unique, indeed the opposite is true: by following these eight steps, the result will be a financial planning approach which creates a unique, personalised and tailored plan for each individual client.

Download 'The 8 Key Steps of Financial Planning'.

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2017 Treasury Parliament Review

Future Life Wealth Management to represent Finance

2017 Treasury Parliamentary Review

Forward Ladies Awards 2016 - Inspirational Leader Award

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Forward Ladies Awards 2016

Sheffield City Region Awards 2016 – Customer Service

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Sheffield City Region Awards 2016

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Sheffield City Region Awards 2016

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Barclays Yorkshire Women in Business Awards 2016

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Barclays Yorkshire Women in Business Awards 2016

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Yorkshire Women of Achievement in Business 2016

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New Model Adviser Top 100 2016

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Derbyshire Times Business Awards 2015

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Derbyshire Times Business Awards 2015

New Model Adviser Top 100 2015

New Model Adviser Top 100 2015

New Model Adviser Top 100 2015

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Forward Ladies Shortlisted Women in Business Awards 2015

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New Model Adviser Top 100 2014

New Model Adviser Top 100 2014

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Derbyshire Times Business Awards 2014

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