Financial Planning

Financial Planning ……what does it mean?

“Financial Planning” encompasses many different disciplines – including:

    • Investment Strategies.
    • Risk Management.
    • Superannuation and Retirement planning.
    • Liability and Taxation planning.
    • Estate Planning.
    • Wealth Accumulation.

After determining the areas in which financial advice is required, the financial planner will provide considered advice in the design, implementation and maintenance of a Financial Plan for the purpose of achieving a client’s short, medium and long-term financial objectives.

This Financial Planning process involves the following steps:

    • Collection and analysis of all relevant personal and financial data.
    • The identification of financial goals and objectives.
    • Define the scope of engagement and identify any financial problems.
    • Wealth Accumulation.
    • The provision of recommendations in a detailed written report, after considering various alternatives and having fully analysed:
    • Current financial situation and associated concerns.
    • Investment profile and attitude to investment volatility and risk.
    • Income and expenditure.
    • Cash flow and surplus savings capacity.
    • Assets and liabilities.
    • Legislative and taxation considerations.
    • Risk management.
    • Estate planning.
    • Investment and product analysis.
    • The co-ordination and implementation of recommendations.
    • The provision of periodic review and plan updates.

The Financial Planning organisation we refer to has an unruffled and “Plain English” advice process.

Further information can be obtained by visiting www.ozplan.com.au