Financial planning is the first step to financial freedom
Financial planning puts numbers to goals, maps your cash flow to them, maps your assets and debts to your net worth, provides a to-do list of short term and long term tasks and provides recommendations based on your risk appetite. If your life goals involve being financially independent as soon as possible, having a worry-free retirement, ensuring that your children get the best education and generally having all your financial affairs in order, then financial planning is a must for you. It not only provides an action plan to achieve your goals but also keeps you motivated to stay on track.
In creating a financial plan, you must pay attention to the ease with which you can accomplish the tasks on the plan. There is no point planning to save $100,000 a year if your monthly income is only $5000. Complicated financial plans full of numbers and jargons are hard to understand, and harder to achieve. At the same time, the plan needs to be completely thorough and take into account your financial situation, needs, goals, debt obligations and several other factors. All this might seem daunting, but the results make it worthwhile. Consulting a firm which specializes in providing financial planning services will make the process much easier.
Shape your financial future with our financial planning services
Financial planning is something we do extremely well, if we do say so ourselves. We pride ourselves on our networks' ability to create excellent customised financial plans for Australians with varied needs, goals and circumstances. Our expert financial advisers will create a plan that is easy to understand, flexible and sustainable. They will work with you to understand your goals, financial situation, debts and other obligations. Based on it, they will develop an integrated plan that is detailed, thorough, specific and simple enough to understand. We follow a holistic approach where each area of your plan will complement the others instead of competing with them.
Our advisers follow a simple, four-step approach towards financial planning of their customers:
- Consultation and review: You will begin the process by consulting with an expert financial adviser dedicated to your needs. The adviser will review your files with you to understand your current financial situation, your short and long term goals, your debt obligations and other factors unique to you. This will allow them to create a snapshot of your overall situation and the way forward. Based on this, they will create a strategy that is tailored to your situation with the help of other in-house experts as needed.
- Guidance and strategic recommendations: In the next stage, your adviser will provide you with a detailed evaluation of your situation and a customized financial strategy that will help you achieve your goals. If there is any aspect of the financial strategy that you are not completely clear or comfortable with, the adviser will work with you to ensure that all your concerns are adequately addressed.
- Strategy implementation: After you reach a consensus with your adviser about the recommended financial strategy and plan, the adviser will work with you as well as other in-house experts to start the implementation. Our experts will be with you every step of the way to ensure that the various aspects of the strategy are actioned efficiently.
- Support: Your adviser will continue to support you throughout the process, and will also review your financial plans annually to address any concerns you may have or any changes in your circumstances. If needed, your adviser will make adjustments to your plan to ensure that it remains in sync with your goals and circumstances.
At Connected Advice, we understand that giving control of your financial affairs to another person or firm can sometimes be an uncomfortable experience. We try to make it as comfortable and non-intrusive for you as possible. Our experts will focus on your current and future financial well-being without judging or critiquing your past decisions.
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