How we take care of your finances
Financial planning is a cyclical, dynamic process that helps identify your financial objectives, goals and priorities.
The planning process starts by identifying in detail your current financial circumstances. Having understood these, we then work with you to identify your plans, values, goals and objectives and what you are seeking to achieve in terms of your financial planning.
We start with the end in mind. Once we have understood your current circumstances and financial goals, we then work with you to build your personal Financial Plan.
1. Getting to know you
Determine your goals for your financial future and how we can help you achieve them.
2. Information Gathering
Confirm your current situation by completing a Fact Find as well as an Investment Risk Questionnaire.
3. Research and Analysis
Assess and identify any gap in achieving your desired objectives - create an action plan.
4. Presenting your Financial Plan
Discuss and explain our recommendations in line with your Financial Objectives.
5. Implementing your Plan
Complete all necessary documentation.
6. Ongoing Review
What to Expect
We can help you chart your path through life. By working together we’ll try to ensure you are financially ready for every stage.
The fee that is paid to us from your pension or investment covers the work we undertake, on your behalf, as below:-
- Regular checking of the value of your plan.
- Secure storage of all documents that relate to your plans, availability of these on request.
- Full compliance with the Data Protection Act.
- Access to the MJM support team.
The fee is also gives you access to the following either on pre-arrangement or request:-
- A one-to-one meeting to discuss your pension or investment. This can include its performance, where you are invested and level of income to currently take or plan to take.
- The frequency of the meetings can be agreed at outset and can be held at our offices, at your home or via online video (Zoom or Microsoft Teams). These are generally held annually.
- Additional meetings may incur a fee that would be agreed prior to setting the time and date.
- Analysis and updating your investment risk profile and capacity for loss
Read our brochure to find out what to expect.
Your Financial Plan
The Financial Plan is centred around a cash flow plan which will show you, based on certain assumptions that would be mutually agreed, what the financial picture may look like 5,10 or 15 years from now. We help you visualise your future from a financial perspective:
- Peace of mind concerning your money
- Become financially well organised
- Achieve and maintain financial independence
- Provide efficient solutions to technical financial planning issues
- Maximise your returns and resources
- Provide you with accountability