Financial Planning Process

At Kelvin Financial Planning we believe that there is more to financial advice than recommending products and selecting investment funds. We aim to help clients identify their financial objectives and goals, then produce and implement a plan which makes these aspirations achievable.

Financial planning can have an impact on every aspect of your life, as well as those who are close to you. We aim to build an evolving plan that will address your objectives both now and in the future.

We follow an industry recognised six stage process for all of our financial planning clients.

The initial stage of this process involves assessing your current position, this typically involves details such as income and expenditure. Clients typically empty their filing systems to provide details of any existing investment and policies they may have accumulated.

We then help clients identify and prioritise their objectives such as retiring early or buying that special holiday home in the South of France.  We work hard to quantify how much these objectives will cost and how much financial commitment you will need to make to achieve them.

The next stage typically involves looking at your current position and your desired position to assess how much additional commitment (if any) is needed to achieve your goal.

We will then use the collated information to prepare a plan which may include cashflow projections, budget summaries, a demonstration of areas where you may have a shortfall or indeed highlight that you are well on the way to achieving your financial goals.

Following on from the plan we help clients implement the agreed strategy and we review the plan with you at regular intervals to ensure that the plan is meeting your requirements and to alter the strategies as and when required.