When providing our strategic financial advice we follow a simple yet effective process. Having invested the time required to understand your situation, goals and objectives we are able to develop and execute highly tailored solutions.
When dealing with a Resolute Private Wealth Management financial planner you should expect the following process:
STEP 1: Gathering Financial Data
During our initial appointment we will gather as much information about your current financial situation as possible including details on your assets, liabilities, income and expenses. We will clarify, define and help you articulate your key financial and lifestyle goals as well as assessing your tolerance for risk. During our discussions and education process we will be able to identify if there are any deficiencies between where you are now financially and where you want to be in the future. Using the data gathered during this meeting, we will begin to develop a strategic advice document.
STEP 2: Strategic Analysis
With a full understanding of your current situation and overlay of your key goals, we then complete further research as we explore and model the best strategic plan tailored to your situation. We will identify appropriate tax structures, financial strategies, risk management and consider appropriate investments that align to your financial and lifestyle goals whilst addressing your attitude to risk.
STEP 3: Presentation of Strategy
In this meeting we will present to you, your Statement of Advice (SoA) which reconfirms your current situation and key goals as we understand them from our initial meeting. The Statement of Advice provided will estimate financial benefits, explain all strategies and recommendations and how these help you achieve your goals and objectives. Any advantages and disadvantages, tax and any cost implications that you need to consider in making any changes will be brought to your attention. Modelled projections will highlight the value of the recommendations made as well as provide a future benchmark for achievement and comparison.
STEP 4: Implementation
After providing your Authority to Proceed, proactive implementation is essential in maximising success in your strategic plan. Working closely with us, we will guide you through the process of achieving the financial setup as agreed upon within our SoA.
Implementation meetings will be arranged to ensure each step is understood by you and the optimal result is achieved.
STEP 5: Review
Your financial plan is the start of a long term relationship with Resolute Private Wealth Management. To ensure you remain on track to achieving your goals and your plan remains relevant to the economic and legislative climate as well as your changing circumstances, we will provide you with scheduled reviews and discuss new strategies that will inevitability evolve and become available in the future.
We will monitor our collective progress against your goals and objectives and initiate any changes where necessary. If major changes occur in your circumstances, inform Resolute and ask us to review the advice provided. The process of review is essential as it allows us to ensure your financial success is achieved over time.