Financial Planning is a structured process which involves analysing your finances and creating strategies to help you to manage your financial affairs in a manner which is designed to achieve your financial objectives and life goals.
About Financial Planning
Most of the important life choices which we make, about issues such as career, family planning and housing, are based at least in part on our assessment of our ability to meet the costs involved. As such, how well we manage our money is an important determinant of our futures. Even so, many people don’t have any formal plan for this. With so many moving parts to the process, a plan is critical to success.
Real financial planning can only be delivered by a qualified CERTIFIED FINANCIAL PLANNER™.
About the Certified Financial Planner qualification
The Certified Financial Planner (CFP®) designation originated in the US in 1973. It is a professional qualification which is conferred by the FPSB in Ireland, and by 25 other organizations worldwide who are affiliated with the international Financial Planning Standards Board (FPSB).
In order to receive authorization to use the designation, the candidate must meet education, examination, experience and ethics requirements, and pay an ongoing certification fee. It was only introduced to Ireland in 2008. Minimum competency to work in financial services in Ireland is the Qualified Financial Adviser (QFA) qualification. There are around 16,500 QFA’s in Ireland and 740 CFP’s.
Why We Changed Our Business To Focus On Financial Planning
Having been involved in Financial Services for over 25 years our experience is that most people feel that they aren’t well served by the traditional financial advice model. Commission based sales creates a huge conflict of interest as in order for a financial adviser to be paid for his work he must sell you a financial product.
Many people who approach us for financial planning services tell us that they feel that what they have been getting is sales, and they want advice.
Our most successful clients use Financial Planning to manage their finances and accumulate wealth. Studies have shown that people who engage in Financial Planning are more on track with their financial affairs and have higher net worths.
Who Is Financial Planning Suitable For?
– You are probably in your 30’s or older
– You own your own home or are planning to purchase a home soon
– You have surplus income (although you may well feel that it is not being used optimally)
– You may have financial products (pensions, life assurance, investments etc) but they were sold to you by someone who had a target to achieve
– You are interested in developing a cohesive plan to achieve your financial objectives
Would you like to find out more about Financial Planning?
If you would like to find out more about the benefits of Financial Planning, book a free webinar with us here on a date that suits you or call us on 01 546 1100 to arrange a no-obligation exploratory meeting or Zoom call. There is no charge for this and you don’t need to commit to anything.
The purpose of the meeting is for us to explore whether you can benefit from Financial Planning and for you to decide if you would like to work with us. We will only take you on as a Financial Planning client if we know that we can add more value than the fee we charge you.
Want To Find Out More About Us?
Check us out in the media on our sister website here.
The following is a list of the typical objectives which clients ask us to include in their Financial Plan;
✓ Third level education funding
✓ Retirement Planning
✓ Investment Advice
✓ Mortgage advice
✓ Trading up to a larger home
✓ Optimum management of debt
✓ Share dealing, especially employer share option schemes
✓ Protection – what policies you need and how much cover
✓ Tax Planning
✓ Estate Planning
✓ Wealth Accumulation
✓ Household budgeting system that puts you in control of your finances
✓ Cashflow projections
✓ Graphical ‘before and after’ cashflow modelling
Any other objective of you choosing. Maybe you want to plan for maternity leaves, pay for your wedding, bump up your holiday fund, provide for the future care of a dependent, achieve a better work life balance or maybe you need independent advice on your existing financial products from someone who isn’t a salesperson.
As every case is different costs vary. The initial meeting is at our cost. We will provide a written quotation and obtain your agreement prior to undertaking any work.
To start making plans to secure your financial future, please get in touch by phone or email, or using this contact form.