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Understanding Financial Planning

Diamond Financial Solutions takes a very personal approach to Financial Planning. Generally there are 5 steps in the financial planning process, however the required stages suited for each client may not follow those outlined below:

Step 1: Understanding Financial Planning

The role of our Advisers is to help you achieve your financial goals. As part of the financial planning process it is important that you understand the significance of lifestyle financial planning. We will assist you to clarify your lifestyle and financial goals thus making them easier to achieve.

Step 2: Initial Meeting

At your first consultation, we will discuss your personal and financial objectives and answer any questions you may have about our services, or fee structure. With an understanding of your goals your Financial Adviser will collect information in order to develop a financial plan so that we can begin working towards the achievement of those goals.

Step 3: Your Financial Plan

One of our experienced Financial Advisers will prepare a financial plan designed to achieve your lifestyle and financial goals. The plan will set out the strategies that have been specifically designed to help you achieve your financial goals and objectives based on sophisticated financial modeling tools and your tolerance to risk.

Step 4: Implementation of your Financial Plan

Once you are comfortable with your financial plan and the recommendations, we will complete the necessary paperwork with you and schedule the required actions for implementation. At this stage we will agree on an appropriate ongoing review and reporting service that is suitable for you.

Step 5: Keeping track of your financial performance

Monitoring and reviewing your portfolio will largely determine its success.

We will track the performance of your financial plan and inform you of its progress on a regular basis. We will also continue to work with you to ensure that your ongoing changing needs and circumstances are met.

 

Also included is access to our calculating tools to assist in the preparation of your plan including:

 

 

Diamond Financial Solutions
Charter Financial Planning Limited ABN 35 002 976 294
Australian Financial Services Licensee Licence number 234665
Principal Address: 750 Collins Street PO Box 2830 Melbourne Victoria 3001
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