Understand Your Needs and Goals
This is where we meet so that you can explain your circumstances and let us know how you feel about different aspects of your affairs – and most importantly, how you want your future to look.
After the meeting, we will send you a client agreement confirming the scope of our service and the cost.
Gather and Analyse Financial Information
Once we receive your signed agreement, we will start bringing together the various aspects of your financial affairs. This will include obtaining information directly from the providers of your policies, investments and pension arrangements, as well as requesting any additional details we need from you.
At this stage, we are starting to piece together the jigsaw, to ensure we have a full picture. This can take a number of weeks to complete, dependant on the number of providers we need to contact.
Evaluate Data and Develop Your Financial Plan
Once we have gathered all the information we need, we will create your financial plan. Where appropriate, we will also prepare additional “what if” scenarios to illustrate alternative approaches and show how they could help you achieve your objectives.
This is in addition to analysing the underlying investments and pensions, ensuring they are suitable for you.
Meet to Discuss and Finalise Your Financial Plan
When we have a full understanding of where you are now, we will meet again to confirm that we have all the correct information and to show you, using sophisticated software, how you currently stand with regard to your plans for the future.
We can map timescales and outcomes – in essence we can take a look at the future. If the picture doesn’t quite match what you had in mind we can outline different strategies and suggest how you might change tack to achieve your goals.
We will send out a comprehensive written report on your current financial position, summarising the options you now have for change if appropriate.
Implement Your Agreed Financial Plan
We make detailed recommendations for change and to implement agreed strategies. At this point we agree a schedule for future reviews and regular forward planning meetings.
You are now an Eldon client, welcome on board!
Monitor and Refine Your Financial Plan
As an Eldon client, we will meet regularly, usually once a year, to review your financial plan and progress towards your goals.
We will discuss any changes in your circumstances and review your income, spending, savings and investments.
This helps keep your plan suitable, address any issues early and make adjustments where needed.
