How does financial planning work?

Financial planning is a journey, not an event.  It takes time and commitment from everyone and we need to work together to make sure you achieve the ultimate financial outcomes.  Together, we will map out a journey to financial confidence that encompasses six key stages, outlined below:

STAGE 1 Understanding where you are now 
Like all journeys, you need to know where you are now before you can head in the right direction.  Together, we'll talk about your income and expenses, what you own and what you owe ... and generally get a good in depth understanding of your complete financial position.

STAGE 2 Understanding where you want to be
Next, we’ll ask you where you want to be and what you would like to achieve with your lifestyle and your finances.  Then we’ll help you refine and prioritise your goals.  This stage may be challenging as you decide what you want ... and when you want it.  Your FinancialLine Financial Planner will help you set challenging yet achievable goals, to stretch your vision and ensure you aim for consistent 'above the line' results.

STAGE 3 Appreciating your financial concerns and problems
We are all different and everyone has their own values, opinions and ideas about money.  We need to understand your specific views so that we can make the most appropriate recommendations based on those views.

STAGE 4 Developing alternative strategies & recommendations
Often there is no one best solution.  We will look at a number of ways for you to reach your goals and recommend what we think are the most appropriate actions to take.  We will present you with a written report that outlines and explains our recommendations in detail.  We encourage you to take time to think about your financial plan and together, we can refine the plan to make sure its the optimum one for you.

STAGE 5 Putting the plan into action
The best plans in the world are useless unless they're put into action.  We will work with you to implement the plan in the most effective and efficient way possible.

STAGE 6 Staying on track
Planning is all about the future and the future is full of unknowns – your situation, laws and regulations, investment markets, products and the list goes on.  A financial plan needs to be a 'living' plan and evolve in line with life's many changes.  It needs to be regularly reviewed and adjusted to make sure you stay on track to achieve your lifestyle and financial goals.  Your FinancialLine Financial Planner will stay closely connected with you throughout your journey to ensure you stay motivated and on track to achieve your financial dreams.