OUR ADVICE PROCESS
We follow an internationally accepted and recognised six-step planning process, with our client at the very centre of the process and discussion. Our strategies are client-centred, allowing us to build long-term, trusted and professional relationships with each client.
Using our experience and understanding of current trends and legislation, we create a solid financial plan to help you to make the best possible choices. We will explore your vision for your life, examine your financial commitments, and analyse how you view and experience risk. We then coach, mentor, and support you to ensure that you can turn your plan into action, turning your dreams into reality.
01
GET
ACQUAINTED
It starts with a conversation. A complimentary first meeting or phone call to get to know one another and explore what it might look like to work together.
02
UNDERSTAND AND DEVELOP FINANCIAL GOALS
Discuss and understand your future goals and aspirations. We spend a great deal of time helping you to discover these in order to develop your customised plan.
03
GATHER
INFORMATION
We ascertain our starting point and ensure that we have all the current information in order to start planning.
04
DEVELOP
STRATEGIES TO ACHIEVE YOUR GOALS
We help to develop the strategies which will achieve these goals. Part of the planning process is to work on different scenarios, which will attain different outcomes.
05
CREATE AND IMPLEMENT YOUR FINANCIAL ACTION PLAN
With all the correct information, we can now formulate an action plan to help you to get from A to B. A financial plan is worthless unless it’s implemented. We will work with you to execute our recommendations.
06
REVIEW
AND REVISE
Things change constantly. Whether it’s legislation or changes in your life, we need to ensure that your plan is updated and that you are on track towards your goals.
BUILDING LONG-TERM, TRUSTED RELATIONSHIPS
OUR INITIAL MEETING
The first meeting typically takes an hour, comes at no cost and covers the following topics:
– Your requirements and understanding your needs;
– Centric Wealth’s service offering and fees;
– The value process of financial planning;
– Steps forward.
If we mutually agree that it would be beneficial for you to engage in our financial planning process, we will provide you with a quote for the initial financial plan.
COMPREHENSIVE FINANCIAL PLAN
The cost will depend on the time spent and complexity of the plan. This will be covered in the initial meeting and an estimate will be given. There is no obligation to proceed. We welcome further questions after the first meeting until you feel comfortable taking the next step. Engaging a wealth advisor is a very important step in securing your financial future.
IMPLEMENTING YOUR FINANCIAL PLAN
After completing the initial financial planning process, many of our clients choose to continue using our services to help them implement our list of recommended changes. We do not charge an implementation fee as this will be covered in our ongoing advice fee.
ONGOING ADVICE
Centric Wealth Advisory has an ongoing advice fee based on a sliding scale and is dependent on the value of assets we advise on. All fees will be fully disclosed in your financial plan. Not only do we take into account our own fees, but we are cognisant of asset management and administration fees, and therefore look at implementing cost-effective strategies where we might utilise a combination of active and passive managers. Your financial plan is just the beginning. Think of it as a roadmap to take you from your current position to a future position where your goals have been reached. As you start your financial journey, circumstances and conditions will change, and adjustments to the initial financial plan will be necessary.
