The first meeting is at our expense (so without charge or obligation) and provides us with the opportunity to get to know you and vice versa.
During the initial meeting we will talk about your goals and objectives and how we are able to help you achieve these.
It is important that we also fully understand your
Current personal circumstances
Attitude to investment risk
Existing investments and policies
This often involves understanding your current arrangements and plans before considering any changes, before undertaking any financial planning on your behalf we will confirm how our fees and charges work and agree this with you prior to proceeding by issuing a bespoke Terms of Engagement document.
We then undertake specific research to formulate the most appropriate planning and investment solutions.
These recommendations are then documented in a Suitability Report highlighting the opportunities to organise your arrangements more effectively in order to achieve your stated goals.
Once you are happy to proceed we can then arrange all necessary steps to ensure your decisions are implemented thoroughly, accurately and in a timely fashion.
We can assist you with completing any paperwork required for the implementation, and monitor the process to ensure the speedy completion of your applications.
Once the processing is complete you will be sent policy documents and/ or statements of Investment for safe keeping. Then we will create a login for you on our own extranet and where possible integrate all of your plans in one place.
True holistic financial planning must consider all areas of your financial situation in order to work effectively and should be reviewed on a regular basis to ensure your plans stay on track.
We recommend an annual review with your adviser in order to agree the on-going governance service to be provided and the corresponding fee through our bespoke client agreement.
The review is designed to:
identify any changes to your personal circumstances
check your attitude to investment risk
discuss the valuation of your financial arrangements
keep your financial plan on track
liaise with investment managers/providers where appropriate
provide access to our technical & support teams
explain other services available from Skerritts
maintain your file and client records
The review service will be provided by way of an annual meeting organised at your convenience with one of our qualified financial planners, to review the Wealth Plan and your circumstances. If they change, the cycle will start again and we will implement a revised strategy for you.