The Way We Work
Financial planning, despite its name, is actually more about life than money. It is the process of meeting your life goals through the proper management of your finances. Life goals may include having a comfortable income in retirement, building up and selling a business, and perhaps passing capital to the next generation in a tax efficient way.
Financial Planning involves taking a forward looking and considered approach to your finances. Assessing your current position, setting goals and then seeking professional planning advice, will all help ensure you are best prepared for your future.
We take a lot of pride in the financial planning advice we offer. As your partner in building wealth and security, rather than simply giving you options from a range of different financial services providers, we prepare a personal ‘Financial Plan’, showing where you are today and what action you need to take to achieve your financial objectives.
By engaging us, you assure yourself of regular financial checkups and access to new ideas brought to you by the Blackstone Partners team
To ensure the financial plan we develop for you is as effective as possible, it covers your whole financial situation and is developed and maintained in five key stages:
Initial Meeting - the Discovery Process...
The first stage of the advice process is usually an initial meeting. We bear the cost of this first meeting, which is at no obligation on your part. At this stage - after explaining the services we offer - we will discuss in depth about your finances, goals and aspirations.
This meeting is designed to help you clarify your thoughts, plans and objectives for the coming years and to overview strategies to achieve them. If as a result, you feel that we can add value going forward, we will discuss the next stages and any costs involved.
Research and Analysis...
Analysing your current financial situation, allows us to see the strengths and areas of potential improvement. This will give us a clear idea on how we can help you achieve your financial objectives.
Recommendation - A Financial Plan...
The resultant financial planning report sets out where you are now, where you want to be – and what you need to do to get there. Easy to understand and using the minimum of jargon, it can then be fine-tuned in discussion with you
Your financial planning report will contain an action plan that, if implemented and subsequently reviewed on a regular basis, will assist you to achieve your financial objectives.
Circumstances change, new legislation is implemented and markets rarely stand still, so for most clients your financial plan will need to be reviewed and updated to remain consistent with your long term goals.
All too often I am referred to a potential new client who has “had an adviser” in the past, but not heard from them since making an investment, In addition to the obvious moral issue of looking after clients and repaying the trust that had been placed in their adviser, from a business perspective this makes little sense – we expect our clients to be impressed with our service, with referrals from existing clients a valuable part of our business.
Although we are able to act on a pure transactional basis, our clients tell us that they value long term ongoing relationships. Becoming clients rather than customers is more satisfying and rewarding for all parties.
Continuous professional assistance is essential if you are to achieve your financial aims and ambition. By maintaining regular contact with clients we can be sure that your plans continue to work for you in the best way possible, and are meeting the objectives that you share with us. Because the success of any financial plan depends on how well it is monitored, we establishing an agreed system of appropriate ongoing service.
Clients enjoy a unique service proposition, with different levels of contact and servicing tailored to their needs and your budget. We have a range of ongoing servicing programmes designed to meet your individual needs and budget.