The Watterson Financial Planning engagement and review service follows a linear approach with all our clients.
We will discuss, plan and make recommendations on a number of key areas unique to your circumstances. We will establish what your financial goals and objectives are and then devise a financial plan outlining the best way to achieve and maintain them.
The Watterson Financial Planning engagement service has a seven-stage process:
Step 1 – Our background and the service we provide
Who we are and our service proposition, and how it can best meet your needs.
Step 2 – Establish your goals and objectives
It is not just about obtaining the hard facts; we like to get to know about your goals, aspirations and objectives. We also need to know who or what is important in your life so we can create a financial solution unique to you.
Step 3 – Research, analysis and review of your details
Once we have obtained all the hard and soft facts, we will analyse and review the information and make any necessary enquiries to third parties in order to provide us with a detailed picture of your current financial situation.
Step 4 – Lifetime cash flow modelling
Cash flow modelling allows us to take the guess work out of financial planning and examine a range of ‘what-if’ scenarios and how these may impact your financial future. For example:
When can you realistically afford to retire?
- Can you afford that holiday home you have always wanted without impacting your current income requirements?
- Do you have sufficient funds now to last you for the rest of your life, including the future costs of long-term care?
- How much can you realistically afford to give to your children without impacting on your own goals in retirement?
- How much can you realistically spend each year on holidays and travel and still have enough money to easily last you for the rest of your life?
All these scenarios, and many more, can be run using our sophisticated cash flow analysis software. In our experience, the reassurance that the cash flow modelling provides often allows our clients to enjoy life more now and spend less time worrying about their financial future.
What this system provides is the best possible guide to how realistic your financial goals are and what you need to commit to achieve them.
Step 5 – Recommendation
After detailed analysis of your current situation, objectives and goals, we can then provide recommendations and details on how best to implement them, including an appropriate investment solution.
Step 6 – Implementation
The recommendations are implemented, and we can now start to work together towards achieving your financial goals.
Step 7 – Annual Review
The final step in securing your financial future is the annual review service. This is where we ensure you remain on track towards achieving your financial goals. Lifetime cashflow planning is an essential component of this process.
Background on who we are and our unique service
Establish your goals and objectives
Research, analysis and review of your details
Lifetime cash flow planning