Approach
Life
Typically, our lives go through phases. Once we finish education, deciding on a career and securing a job are our priorities. Then we start saving for the deposit on a property, take on a mortgage and work our way upwards both professionally and on the property ladder.
Assuming all goes well, we make progress in our personal lives and financially as we gain professional experience. This presents us with responsibilities and opportunities.
We may decide to pay for private education for our children, buy a second home or take expensive holidays – or all three. If we have children, they may need our help to fund property purchase and the time will come when we don’t want to work full time (or at all!) so we must be able to afford to retire.
At InSight, we can help you plan your financial future, monitor progress regularly and make adjustments as circumstances change. There will be several economic cycles during our lifetime and we must be able to cope with the impact these may have.
Investment markets rarely move in a straight line for long periods so we should be ready to take advantage of opportunities as they arise and endure the inevitable downturns.
Our personal circumstances will be constantly evolving, with positive (e.g. windfalls, inheritances) or negative (e.g. bereavement, redundancy, divorce) events. Having a committed, reliable source of financial advice throughout will be a great advantage.
There are only two things you can start without a plan - a riot and a family. For everything else you need a plan
- Groucho Marx
Your financial life stages
Financial Planning Process
Understanding you
We invest time in understanding your personal, family and financial objectives. During our conversation, you can share any issues or concerns requiring advice and we will inquire to gain a deeper understanding. Together, we will explore how we can support you and outline the services we offer. We will gather information on your existing financial position and assess your appetite for investment risk.
Creating a financial plan
After gaining a thorough understanding of your long-term plans and goals, we will review your existing financial position and analyse and research your existing policies and investments in detail. We will present our proposed plan and any recommendations that we have to suit your goals. Our fee structure is straightforward and transparent. We will provide it in writing before starting any work on your behalf.
Implementation
With your agreement, we will liaise with relevant providers on your behalf to implement our financial planning recommendations. This will include arranging the agreed investments, in line with your appetite for investment risk, and any other work needed towards achieving your financial goals. We will keep you updated throughout the process.
Ongoing relationship
We will regularly review progress towards your financial objectives. Annual reviews are recommended to confirm the ongoing suitability of your financial plans. This includes evaluating both the investments held within your plans and the plans themselves to ensure they continue to align with your evolving needs.
We will also consider any changes in legislation which may have an impact on your personal financial position.
