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Financial Planning

The objective of Expert Financial Solutions Ltd financial planning services is to help you to meet your goals by organising and managing your finances.

Our highly qualified and experienced financial planners will help you to manage your wealth by adopting a holistic approach to your finances. Holistic financial planning will look at your overall situation and ensure that you understand how a decision made about one aspect of your finances impacts on another aspect.

Expert Financial Solutions Ltd are Chartered Financial Planners and independent financial advisers based in Witney near Oxford, Oxfordshire. Expert Financial Solutions Ltd professional financial planners provide financial planning services to our clients in Witney, Abingdon, Oxford, Oxfordshire and The Cotswolds as well as further afield.  

Our financial planning experts provide a face to face and hands on service that is tailored to your financial planning requirements.

The Expert Financial Solutions Ltd financial planning process may be broken down into 6 steps: -

Step 1

Our Expert financial planners offer an initial consultation for new clients at no charge and with no obligation to proceed. During this initial consultation your financial planning expert will seek to identify if we can help you achieve your objectives.

This is usually followed by an initial meeting which can take place at our office, your home, or place of work and is an opportunity for you to decide if you feel comfortable working with us. Our expert financial planner will seek to agree the basis of the relationship between you and us, the services required and the basis of our remuneration.

Step 2

Fact finding – this is the information gathering stage where your expert financial planner will seek to understand your circumstances, objectives, aspirations and investment risk profile. Your expert financial planner may ask you to complete certain forms and questionnaires to help us do this.  We will seek to identify and agree your key objectives and priorities.

Step 3

Analysis and research – most clients will have some existing investments, pensions and insurances. Our process is to obtain and review the detailed information about these plans, obtain valuations, projections, measure actual and relative returns, and assess whether existing investments are suitable for the investors risk profile, time horizon and objectives. We will seek to identify if any further work is required and agree such work with you.

Step 4

Developing and presenting a financial plan for you -- Expert Financial Solutions Ltd financial planning reports, analysis of existing investments, and asset allocation are provided by Expert Financial Solutions Ltd with the assistance of independent software and research tools.

Our expert financial planners report may be either a full ‘financial planning report’ or a ‘focused report’ on a certain subject such as retirement income options or investment portfolio management. The report may include specific recommendations which amount to an action plan.

We encourage clients to have a full financial planning report as this should ensure that any specific areas are considered against the overall context of your financial plans rather than in isolation; for example retirement savings may be a priority but without adequate insurances for long term sickness or disability you may not have sufficient income to make pension contributions. Similarly retirement planning should also take account of your needs for long term care or estate planning.

It is usual to also have a subsequent meeting to go through any recommendations in detail, answer your questions, identify and agree your priorities and future strategy.

Step 5

Implementation -- if you agree with the outcomes of our report and wish to proceed we may then implement any recommendations. This will involve completion of appropriate paperwork, submission for processing, providing efficient and timely administration service levels, checking documentation and sending original documents to you for safe keeping.

Where implementation involves investments, pension contributions, insurances etc any monies paid by you to the product provider(s) are made direct and are not made via Expert Financial Solutions Ltd as we do not handle client money. This ensures that your interests are protected and reduces your risk.

Step 6

Ongoing maintenance and review -- once any recommendations have been acted upon it is important to undertake regular reviews to ensure that you are on track to achieve your objectives. Our review process will enable your financial plan to respond to changes in your personal circumstances, objectives, priorities, and risk profile and assess how your investments have performed against any appropriate benchmarks. We will seek to agree any necessary revisions to the financial plan and revisit the previous ‘steps’ as necessary.

Expert Financial Solutions Ltd offers financial planning advice on all aspects of financial planning including investment advice and wealth management advice, pensions on divorce, financial planning following divorce, retirement income options including advice on annuities, advice on pension fund withdrawal, advice on income drawdown, advice on unsecured pension, advice on third way annuities, advice on enhanced annuities, advice on impaired life annuities and advice on phased retirement.

September 2009