HOW WE WORK AS AN INDEPENDENT FINANCIAL ADVISER IN FOLKESTONE KENT

If you’re looking for an independent financial adviser in Folkestone, Kent, you may be wondering how we work and what to expect from our services. At Forward Plan, we often receive questions from prospective clients about how our process works, and we’re happy to explain.

People often have dreams and aspirations, but without a solid plan, these remain just that – dreams. With a clear financial strategy, we help turn your aspirations into achievable goals. Here’s how we work with you to build your personalised plan.

When you first reach out to us, we take the time to get to know you. Our journey starts with a face-to-face meeting to discuss your personal circumstances and current financial situation.

We conduct a “deep dive” into your finances to fully understand where you are today and where you want to be in the future.

We’ll ask about your family, career, savings, investments, mortgages, liabilities, and tax position. This information helps us create a comprehensive financial profile, which is the foundation for formulating your financial plan.

We will also provide an initial indication of our fees, so you can make an informed decision on whether to proceed with our services.

Once we understand your current financial situation, we shift focus to your goals and objectives. What are your aspirations? What do you want to achieve financially?

We’ll discuss any concerns you might have, and also your attitude towards investment risk. By understanding your preferences, we can create an investment portfolio that fits with your comfort level and long-term goals. As we move forward, we’ll demonstrate how these goals will fit into your financial plan and provide clarity on the likely cost of our advice.

We’ll gather details about your existing policies, pensions, and investments to analyse whether they align with your financial goals. We’ll review your current position and assess if your existing financial strategies are working for you.

We’ll look at your income and expenditure, assets, liabilities, and consider how your existing finances can help achieve your objectives. Together, we’ll discuss any additional actions you need to take to move closer to your goals.

Now that we’ve established where you are and where you want to be, we’ll create a clear financial plan outlining what needs to be done to reach your long-term goals.

We’ll review our recommendations with you and agree on both the initial steps and our ongoing service. Together, we’ll ensure that you understand exactly what is required to stay on track.

Once you’ve agreed on your financial plan, it’s time to implement it. This involves putting into action the recommendations we’ve agreed upon.

We’ll assist you with any necessary paperwork, such as form-filling, and handle all the administrative tasks to set up your new plans. You’ll always be kept in the loop as we progress with the implementation.

At Forward Plan, we know that life changes. So, we make sure that your financial plan remains relevant by scheduling regular reviews. These can take place either annually or every six months, depending on your needs.

Regular reviews are essential to track progress towards your goals and make any necessary adjustments. Life events – such as changes in employment, family circumstances, or health – can affect your financial strategy. During reviews, we’ll adjust your plan to ensure it continues to serve your best interests.

Our ongoing relationship allows you to discuss any concerns with us and keep your plan on track.

At Forward Plan, we offer a broad range of independent financial advice across many areas, including:

But we do far more than just provide a list of services. We help you build a strategy that’s tailored to your needs, ensuring you make the right choices for your financial future.

As an independent financial adviser in Folkestone, Kent, Forward Plan IFA Ltd is fully authorised and regulated by the Financial Conduct Authority (FCA). You can verify our details on the FCA register here:
https://register.fca.org.uk/s/. Our FCA number is 572891

Forward Plan IFA Ltd
advice@forward-plan.co.uk
www.forward-plan.co.uk
01303 767650