Preparing for your financial review meeting (2024)

A personal financial review – understanding you and your needs

We start by reviewing your finances, understanding you and your needs and discussing where you want to be in the future. This will help us provide answers to important questions such as:

• How much money will you need during retirement?
• Are you on track to achieve it?
• Are your current savings and investments doing what they should?
• Are your family or loved ones protected if anything happens to you?
• Are you looking to invest for good or more sustainably, without compromising on growth?
• Are you taking advantage of the tax benefits available to you as an investor?

It’s really important to look at your whole financial situation so that we can see the full picture and uncover needs you perhaps didn’t realise you had.Concentrating on only one area can leave a significant gap in others. For example, if your adviser looked solely at the best way to access your pension, it might leave your family exposed to large inheritance tax bills.

The advice recommendations we make are from a carefully selected range of products and funds. Using a focused and controlled approach allows us to develop an in-depth knowledge of the products, so we can safely and confidently recommend a solution that’s right for you. This is known as restricted advice.

Getting ready for your financial review

You can choose to have your full financial review via video meeting, a simple phone call or a meeting in the comfort of your home.

If you have a partner, we strongly recommend they also attend. And you’re welcome to invite a friend or relative to join the meeting or video call from different locations, if you think it would help.

So that we can spend more of our time during the meeting focusing on your needs, it’s helpful if you could gather some information before we meet. You’ll find this information in your most recent:

• Pension Statements
• Life Insurance Policies
• ISA Statements
• Statements for any other savings or investments

Details of your main income and expenditure

We’ll also ask you for some details about your main income and expenses such as these:

Having this information helps us make recommendations to ensure:

Presenting your plan

After your review, your adviser will formulate your plan and organise a time that suits you to take you through it. You will receive a detailed financial report based on the information you gave us. The report will explain your current financial circ*mstances, provide a full analysis of your needs and objectives and a recommendation on how best to meet them. This report is at no cost to you and is yours to keep, no matter what you decide to do.

If you’re happy to proceed with our recommendations, your adviser will discuss the charges and timescales for putting your plan in place and they will arrange everything for you.

Ongoing advice service

Every financial plan, no matter how carefully structured, is vulnerable to the impact of change. There are a number of things that can impact your financial plan, as you can see here.

If it’s appropriate, your adviser will recommend our Ongoing Advice Service to you. It offers regular financial checks to help keep your plan on track and helps you take advantage of any opportunities that may arise. There is a charge for the service that your adviser will discuss with you.

We hope this helps you prepare for your meeting.