Call to Enquire

09 306 5820

Financial Planning Process

Personal Financial Planning is the process of managing your money to achieve personal economic satisfaction.

This planning process allows you to control your financial situation. Every person, family, or household has a unique financial position, and any financial activity should therefore be carefully planned to meet specific needs and goals. A comprehensive financial plan can enhance the quality of your life and increase your satisfaction by reducing uncertainty about your future needs and resources.

The specific advantages of personal financial planning include:

  • Increased effectiveness in obtaining, using and protecting your financial resources throughout your lifetime.
  • Increased control of your financial affairs by avoiding excessive debt, bankruptcy and dependence on others for economic security.
  • Improved personal relationships resulting from well-planned and effectively communicated financial decisions.
  • A sense of freedom from financial worries obtained by looking to the future, anticipating expenses, and achieving your personal economic goals.

 

Feel free to contact us to discuss how we may assist you in achieving your
unique financial goals and aspirations.

We will meet with you to determine your current financial situation regarding your income, living expenses, assets, liabilities and financial goals for the future. Identifying your current financial position will be the foundation for financial planning advice and activities. We will meet with you to determine your current financial situation regarding your income, living expenses, assets, liabilities and financial goals for the future. Identifying your current financial position will be the foundation for financial planning advice and activities. 1. Determine current financial situation.  We will meet with you to determine your current financial situation regarding your income, living expenses, assets, liabilities and financial goals for the future. Identifying your current financial position will be the foundation for financial planning advice and activities. 2. Identify your financial goals.  Specific financial goals are vital to financial planning and we will help you identify and prioritise your financial values and goals. We can help suggest financial goals for you; however, you must decide which goals to pursue. These goals could range from spending all of your current income on luxury items to developing an extensive savings and investment program for your future financial security. 3. Assess and evaluate alternative strategies.  Developing alternative courses of action to reach your goals is crucial when making any decisions. We will evaluate your possible courses of action, taking into consideration your life situation, personal values, current economic conditions, and your tolerance to different levels of risk to assess your best course of action to fit with your unique situation and goals. 4. Develop financial strategy plan. After assessing and evaluating the most appropriate course of action to allow you to meet your financial goals, we will develop a comprehensive financial strategy report which details your current position, your goals and a clear action plan to ensure you meet your future financial goals and financial security. 5. Implement financial strategy plan.  Wealth Works consists of a team of dedicated finance, investment and risk management specialists to ensure that the implementation of your financial strategy plan is carried out quickly, smoothly and efficiently with a high degree of expertise. You will be assigned a specific account manager who will manage the entire process providing you with one on one support and a seamless financial planning experience. 6. Review and revise your financial plan.  Financial planning is a dynamic process that does not end when you take a particular action. You need to regularly assess your financial decisions and we will meet with you on an annual basis to review and update your financial strategy plan. Changing personal, social, and economic factors may require more frequent assessments and we are happy to adapt to your individual needs. Regularly reviewing this decision making process will help you make priority adjustments that will bring your financial goals and activities in line with your current life situation.
 
© 2008 Wealth Works Ltd  www.wealthworks.co.nz
Website Design by Labyrinth Solutions  |  Content Management by Contegro