Financial Planning – Tensor Financial Planning

Financial Planning

This is our holistic financial planning service where we analyse all aspects of your financial wellbeing and welfare, your objectives and goals, review existing arrangements and highlight any shortfalls.

We will work with you to create a bespoke Financial Plan that will put you firmly in control of your future.

We do this by using the six step financial planning process as defined by the Financial Planning Standards Board (FPSB).

Step 1: Initial consultation to get to know each other

Through an initial complimentary consultation, we work together to determine if we might be a good fit for a financial planning relationship. We give you an overview of our process and capabilities, answering any questions you may have. We spend most of our time seeking to understand your general financial goals, needs and questions. In a nutshell, we want to know where you’re at, how you got there, and where you’d like to go. The scope of our collaborative work may be a comprehensive or focused financial plan, or we may work specifically in the area of investment or risk management strategies; it may involve individual, a couple, family, multi-generational or business planning. If we mutually agree on the scope of a financial planning relationship, we move to the next step in the process.

Step 6: Monitoring your financial plan on an ongoing basis

We will continue to monitor the appropriateness of your financial plan and your progress over time, in accordance with the scope of our relationship. We will revisit your objectives and goals to see if they are being achieved and to check whether they are still relevant.

Step 5: Implementing your Financial Plan

We work with you to determine how to best implement each aspect of your financial plan. This may involve collaboration with other professionals you currently engage (i.e. Accountant, solicitor etc.) or recommending appropriate professionals to assist you if needed. As an Independent Financial Adviser (IFA) firm, we have the ability to use a wide array of providers and solutions to implement your investment, risk management as well as estate and business planning strategies.

1. Initial Consultation

We provide this at our cost. It gives us an opportunity to get to know each other and establish our client-planner relationship.

2. Factfind

We will gather information, agree goals, objectives and your priorities.

3. Research

We will analyse and process your information to find the best solution for your needs.

4. Report

Produce a written Financial Plan with recommendations on how to meet your stated goals and objectives.

5. Getting it done

With your instruction, we will implement the Financial Plan.

6. Review

We will review the progress and modify the plan, as necessary to take account of changing circumstances, to ensure it remains on track.

Step 2: Gather information to understand your present situation and goals

At this point, we’ll seek to obtain as much quantitative and qualitative information as necessary. We’ll need to gather various statements and documents. More importantly, we’ll specifically identify your financial goals in the areas of education planning, retirement planning, estate planning, protection planning or other requested areas, and review any existing strategies you have in place.

Understanding your time frame for various goals and your attitudes toward risk are crucial to developing strategies tailored to your needs, priorities and preferences.

Step 3: Analyse and evaluate your information

We use state-of-the-art technology and a variety of analytical tools to evaluate your financial picture. We perform an asset allocation analysis of your investment portfolios with a review of the various holdings and full review of your various policies. We carry out cashflow modelling, identify the strengths and weaknesses of your financial situation, and where you stand with respect to your financial goals given your current course of action.

Step 4: Developing your Financial Plan

Based on our analysis, we develop recommendations in the context of the proposed strategy. In addition, we provide alternative scenarios along with solutions to assist you in reaching your financial goals. We will collaborate with you to confirm planning assumptions and get a sense of your thoughts about various strategies along the way.

Your Plan. Your Future.

Tensor Financial Planning is a trading style of Apex Mortgage Advice Limited (FCA Register number 589093) which is an appointed representative of Julian Harris Financial Consultants, authorised and regulated by the Financial Conduct Authority No. 153566.

Apex Mortgage Advice Limited is registered with Companies House, Registered in Scotland, Registration Number SC426456. Registered Office: WestPoint, Office 217, 4 Redheughs Rigg, Edinburgh, EH12 9DQ.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Please note that some mortgages such as commercial BTLs are not regulated by the FCA.

The performance of your investments is subject to risk(s). Its performance may fluctuate based on movements in the market and economic condition(s). Capital at risk. Currency movements may also affect the value of investments. You may get back less than you originally invested. Past performance is not a reliable indicator of the future performance.

Tax treatment is based on an individual’s unique circumstances.

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