The main objective of our advisory service is to implement financial solutions that assist you in being able to meet your financial goals, which we then offer to review with you on a regular basis to ensure they remain on track. In order for us to achieve this objective, we follow a simple five stage process as detailed below:
- Introduction – Initial introduction
- Factfind & Research – Evaluation & analysis
- Recommend, Refine & Agree – Presentation of recommendations & agreement
- Implementation of agreed actions
- Ongoing Monitoring & Review
This meeting allows both the adviser and the client(s) to get to know each other. In this meeting the Adviser will explain about how Bourne Taylor Neville Limited operate and will discuss our services and fees with you. We also identify your personal needs and objectives. This initial meeting will be free of charge and you will be under no obligation to proceed further. However, if we reach mutual agreement on working together we can quickly move onto the next stage.
At this point we want to find out a lot more information about you, so that we understand your personal and financial position. We will review your future plans and financial goals and discuss your priorities. Our discussions typically cover:
- Your basic personal information
- Your income and expenditure
- An evaluation of your current assets and liabilities
- Your existing insurance policies, investments and retirement provisions
- Your attitude to investment risk
- Your financial priorities, goals and needs
- Any other relevant data affecting your plans
Using the information obtained, we will then analyse and evaluate your situation and carry out product research to enable us to identify the most suitable recommendations to help you achieve your personal financial needs and objectives.
Next, we will present our advice and recommendations to you. We will highlight any opportunities that may exist for you to restructure your finances including specific product solutions that support you in achieving your personal needs and objectives.
Recommendations regarding investments will take full account of your attitude to risk.
We will fully discuss the recommendations with you, you will give us your views and then we will agree which actions, if any, need to be taken.
If you decide to take action as a result of our recommendations, we will arrange all of the necessary steps to ensure your decisions are implemented accurately and in a timely manner. We will keep you fully informed along the way and confirm to you when actions have been completed.
Sometimes financial planning can be a one off event. However, in the majority of cases ongoing monitoring and regular review meetings are very important and imperative to maintaining our mutual relationship. We strongly believe that ongoing monitoring and review services add significant value.
The ongoing relationship that we will have with you will vary depending on your individual circumstances, but the main purpose of our monitoring and review service is to examine your position on a regular basis to ensure your financial strategies continue to meet your needs.
By carrying out regular reviews we can develop our planning strategies over time to take into account your changing circumstances and objectives as well as any developments in economic conditions, legislation, taxation and new ideas/financial planning techniques.
The value of an investment can go down as well as up, investors may not get back the amount originally invested.