OUR BEST PRACTICE FINANCIAL PLANNING PROCESS

For delivering holistic, personalised financial planning and financial advice

Process-1

Discovery

  • Explore your current situation
  • Identify your goals and objectives; both short, medium and long term
  • Understand your reasons for seeking advice
  • Explain what we do and the holistic approach that underpins the advice we give
  • Define the ongoing relationship
  • Undertake data gathering.
Process-2

Ideas

  • Present a snapshot of your current situation and discuss our thoughts and concerns
  • Present our ideas on how you could improve your situation utilising cash flow modelling
  • Address any questions you may have
  • Present our costs (both upfront and ongoing)
  • Give you the freedom to make an informed decision, at your own leisure, about engaging Paradigm’s services.
Process-3

Collection

  • Collect all relevant personal and financial information to ensure we have identified all aspects of your life
  • Undertake an analysis to determine your understanding and outlook on investments
  • Prepare a Statement of Advice (SoA)
Process-4

Implementation

  • Present a flow chart that gives a visual of the strategies that underpin our advice
  • Present our SoA
  • Address any questions you may have
  • On your acceptance, commence implementation of the advice.
Process-5

Management

  • Schedule regular planning meetings so we can review your goals and objectives with you
  • Consider any changes of circumstances/legislation/markets and make any necessary adjustments
  • Provide an overview of your current financial situation
  • Consider and resolve any questions you may have
  • Re-affirm your financial position
  • Continue to ensure that you are seeing the value of our advice and ongoing relationship.
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