This can take place by phone, video conference (such as Skype) or even email. Whichever you feel most comfortable with.

It might last as little as five minutes or continue for an hour. It’s our chance to understand more about your requirements and answer any questions you have.

Assuming we both agree, we’ll arrange a time for a more in-depth and detailed conversation, which will usually be at our office.

This meeting usually lasts around 90 minutes or so.

We’ll listen as you tell us:

  • Your concerns
  • What’s on your mind
  • What are you worried about
  • Why you need advice now
  • What you would like from the future

This initial discovery conversation is all about you. We might get to talking about numbers and your existing savings, investments and pensions. But if we don’t that’s fine. The meeting is organic in nature and we’ll see where our time together takes us.

Once we know more about you and your aims, we’ll provide you with a written proposal. This detailed document will set out what we have observed about your financial situation so far, and the outline of what we may recommend if we work together along with the likely benefit to you. That can range from simple planning steps that you may already have thought about (such as paying more into your pension) or could be more complex planning (such as a strategy to reduce your taxes).

It will also include the initial fee and ongoing monthly fee we propose for all of that planning. In both cases, the fee will be a fixed, all-inclusive, monetary fee. Click here to read more.

If you can agree, we may move onto a second discussion to get a greater understanding of your vision and goals for the future.

This is where we start to build a fuller picture of you and your financial life.

We will put our Kinder Institute training to good use as we help you understand exactly what it is you want from life.

There’s no charge for this meeting. However, we usually ask you to decide if we are the right partner for you and you want to become a client of Balance: Wealth Planning. If you do, we’ll then take care of the formalities and ask you to sign the documents required to formally engage us.

This is where our hard work starts.

It usually takes between two and six weeks for us to build your plan. The exact period depends on several factors, including the providers of your existing pensions, investments and savings.

We’ll use sophisticated financial planning software to map out your financial future. We will also consider whether you can afford the life you want now and in various scenarios, stress testing your plan based on possible future events.

We’ll meet again to present your financial plan.

This meeting will also include live scenario testing. It’s your opportunity to say: “What if…” which we can then model in front of you.

Once the plan has been finalised and you are happy, we’ll make things happen. Our team will work through our action points. There may be some for you too, ranging from making a will to booking that holiday you’ve been putting off or making other significant changes that we’ve agreed.

Naturally, we will provide regular updates on the progress we are making.

In the following months we will follow up our implementation meeting.

We’ll ask you to update us on the progress you have made with your actions and we will check all of our actions have been completed too.

Life has a habit of throwing up events which will knock your plan off track if they aren’t addressed. Your goals and aspirations for life might change too.

That’s why we need to meet to ensure your plan stays on track.

Before we meet we’ll be in touch to ask you what’s changed. We also want to know if there is anything specific you want to cover, as well as any new priorities or concerns.

At the meeting we will recap your goals, review investment performance, consider tax planning and then turn to the plan, focusing on and discussing your future.

Again, the meeting will be followed by a new action plan for each of us to complete.