Private Financial Consultation
What to Expect From A Private Financial Consultation
What will the first meeting involve?
Your financial advisor usually takes the first meeting to get to know you, your financial objectives for short, medium and long term. By conducting a “Fact Find”, your advisor will guide you through. This meeting will allow you to explore your current goals, tax planning, products available, and what you can and cannot do.
How Should I prepare?
Bring along your most recent policy documents you might have, or an idea of the provider and the amount you pay. There is no need to dig out everything you’ve ever received, but just have a good idea of what you have. Don’t worry if you feel underprepared, most details come out in the fact finding process anyway.
What will happened after the first meeting?
After your first meeting, your advisor will take the information collected about your personal circumstances and prepare a summary and recommendations. Part of that recommendation comes from searching the market for products that may suit your needs based on your objectives and that match your risk profile.
Your advisor may say that your goals are simply on track and you don’t need to do anything.
How Often should I meet my Financial Advisor?
You may want to meet your advisor once or twice a year, or perhaps less. This depends on changes in personal circumstances or in legislation.