The Way We Work
In order to provide appropriate advice, we need to have a clear understanding of each client's circumstances, objectives and priorities.
And before we undertake any work, we need to ensure that our service will be suitable for the client and they will benefit from our advice.
To achieve this, we follow a 5 stage advice process:
1. Initial Consultation
We will arrange an initial consultation either in our office or at the client's home. The consultation will usually be in the form of a face-to-face meeting with an adviser but can be over the telephone if appropriate. This initial consultation is free of charge.
As part of the consultation, we will explain the basis on which we can work, the service we will provide and the different ways in which we can be paid.
We will gain a clear understanding of your circumstances, needs and goals by completing a detailed questionnaire.
We will also ask you a number of questions to help establish your attitude to risk. This will have a major bearing upon the recommendations we make, particularly the overall balance of your investment portfolio.
At the end of the consultation (or in a subsequent conversation if there is outstanding information to be clarified), we will clearly state the work we will need to undertake and the likely costs. We will also agree the best method of paying for our work and advice.
We will not undertake any further work until you have confirmed you are happy with the costs and given your approval to proceed.
2. Research
The adviser will then work closely with our technical and administration teams, collecting all the information and data required to make our specific recommendations.
The research will involve the use of sophisticated financial planning software and, when appropriate, liasing with your other professional advisers, such as your accountant or solicitor.
3. Financial Plan
The adviser will then arrange to present the financial planning report and agree how and when to implement the solutions.
The plan will include a summary of your circumstances, current assets and liabilities, your needs and priorities, our recommended solutions and the reasons behind them.
The adviser will explain all the factors involved in shaping our advice, answer any questions you may have and ensure you fully understand the report and recommendations.
4. Implementation
The solutions will then be implemented as agreed. Some of these will need to be done by you, some will be done by us and others may need to be done by your other professional advisers.
If appropriate and agreed, we will project manage the implementation and liase with all the relevant parties.
5. Financial Planning Review Service
We offer a review agreement to each client, whereby we will monitor the progress of your financial plan on a regular basis.
The review will identify any changes in circumstances and attitude to risk and include a summary of the performance of your portfolio.
We can also provide any additional advice or guidance as required, to help achieve your overall financial plan.
The cost of all work will be agreed before it is undertaken, and we will discuss with you the most convenient and effective method of payment.
Interested?
Click here to find out more about the people at Brigham Brining.
If you would like to talk to us or to arrange a free initial consultation, please click here.
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