Fintacs Financial Advisors work on an appraoch that not only understands the goals and aspiration of the clients , but helps them set up an action plan that would work towards achieving towards it .
Fintacs understands that a clients situation changes along with times and it is imperative that plans are reviewed and adjusted on an on going basis.
It is all about building on the clients list of desires, aspirations and objectives. We would like to know more about the client. We would complete a snapshot review of the client’s financial position and their goals. It would help us understand what is important to clients and what they are willing to do in order to achieve the desired results.
This is an important stage of gathering information about the client. We would analyse the data collected and see if there are any existing inconsistencies.
We would also get a good understanding about the risk appetite of the client and understand how they would react to different scenarios.
We need to identify potential impediments that may affect the client from achieving their goals.
Financial information will be gathered to understand the gaps that exist in current position compared to final retirement goals the client so desire.
This is an important stage where based on the Fact Find and clients goals, we present a client with a Statement of Advice (SOA). The SOA is the action plan that sums up the strategies that are important to implement and how they would help the client achieve their goals.
Implementation of the plan is very important part of our financial planning process. We believe that the process of advice has to be a journey with the client. We need to ensure that we review the plan on an ongoing basis so that it remains relevant to the changing situation of the client.
