Our process
The unique ‘Providus Process’ has been designed to help our clients identify, achieve and maintain their Ideal Life.
1. Introductory Call
We begin with a brief telephone call to introduce ourselves to each other, understand your needs and expectations, while explaining how we work and answer any questions you may have.
If, at the end of this call, we are both happy to move on to the next stage of the process, we will book an Introductory Meeting. Before that meeting, we’ll ask you to give some serious thought to your goals and aspirations.
2. Introductory Meeting
At this meeting we’ll start to establish your current financial position and discuss your goals and aspirations.
It is during this meeting that we’ll explain whether we can help you and we’ll decide together whether we are the right planning firm for you. Assuming we are both happy to proceed, we will confirm our fees for the work we will undertake on your behalf and book the date of our Planning Meeting.
3. Planning Meeting Preparation
In preparation for the Planning Meeting, we ask all clients to complete income & expenditure and attitude to risk questionnaires.
At the same time, we will gather and review detailed information about all your existing financial arrangements and understand your attitude to risk after you have completed the questionnaire. This process may involve a phone or video call and possibly a further meeting.
4. Planning Meeting
During the Planning Meeting we will present and discuss your financial plan and our initial recommendations then carry out any fine tuning necessary based on your feedback.
Once you are completely happy, we’ll confirm our recommendations and get your commitment to proceed with the implementation of the plan.
5. Implementation
The effective implementation of the plan is a crucial stage of the process. It might require a further meeting, either face to face or remotely.
We will ask you to sign the required paperwork, which we will then submit to the relevant providers. Our team will ensure its smooth processing and you will receive confirmation when this process has been completed.
6. Forward Planning Meeting
Our Forward Planning Meetings are vital for keeping you on track to attain your goals and aspirations. After all, you can’t expect to go to the gym once and be fit for life.
Equally, a Financial Plan needs to be revisited regularly to ensure it remains on track; it must be updated to reflect your changing circumstances as well as prevailing economic and market conditions.
As part of our ongoing service, we will meet regularly to review your goals, changes to your circumstances and the progress you are making towards achieving your aspirations. We’ll then update your plan and make recommendations to adjust things as necessary.
Research has shown that taking financial advice increases the wealth of those who engage with a Financial Planner. It’s during this part of the process that the intangible benefits of Lifestyle Financial Planning become most apparent. We’ll provide clarity of thought and peace of mind, while helping you avoid common financial mistakes and take advantage of opportunities to ensure you achieve your Ideal Life.