The six-step process, as defined by the international Financial Planning Standards Board, includes;
Involves establishing and defining our relationship and is generally done at our initial meeting, which we call our Discovery Meeting.
What do you expect from your financial planner?
What does your financial planner expect from you?
The financial planner will explain what they will, and will not do, and agree the terms of engagement, fees and expectations.
We need to collect the relevant data, which means answers to our deep and meaningful questions, and also your financials.
What do you really want to achieve?
What is important to you, and what’s not? This is your plan, not a template.
We then crunch the numbers and develop a draft financial plan, it’s a draft plan because the final touches, the magic is done with you.
The financial plan is created with you, it’s not a report presented to you!
The financial planning is done with you, at the Financial Planning Meeting, which we generally do at our second meeting with you, and periodically thereafter.
The financial planning process is carried out with you and is a fun and engaging process, where you view your cash flow and plan, on a large screen at our offices.
The result of Step Four generally is action, this may be to repay debt, invest, or on occasions generate greater cash inflows! Action is the precursor to all success.
After 25 years in the financial planning profession, I have learnt that following a proven, successful plan, leads to predictable outcomes. But without action, nothing occurs.
Financial planning is a dynamic process, and life happens and things change. It would not be reasonable to expect a meeting in a financial planners office to plan your whole future, forevermore.
Therefore, we like to meet with you periodically, ongoing to tweak and realign your planning, this is generally achieved on an annual basis.
Please complete the form below to be sent a link to download our brochure along with our guide to working out your “Family Index”. Please note we do not pass on these details to anyone else, and only keep them for our own future marketing (which you are able to opt-out of at any time).
Lexington is the trading style of Lexington Wealth Management Ltd. (registered number 05503144) and Lexington Associates Ltd. (registered number 12451550). The registered office for both is Orchard House, Bagbury Lane, Lydiard Millicent SN5 4LX.
Lexington Wealth Management Ltd. is authorised and regulated by the Financial Conduct Authority (No. 440099). Lexington Associates Ltd. provides non-regulated lifestyle financial planning and estate planning services.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved disputes between regulated firms and their clients.
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