What is Financial Planning?

Financial Planning is the process of establishing a Plan and managing your finances so that you can achieve your financial goals.  These goals will cover many areas such as buying a house, repaying your mortgage, saving for your children's education, saving for holidays, providing for your retirement, and may include saving for luxuries such as overseas travel, a boat or holiday home.  Financial Planning also includes protecting your wealth, and insurance cover may form part of your Financial Plan. 

Everyone has different goals, and it is important that your Financial Plan accurately reflects your aims for your life. If you are in business, exit strategies will be discussed as part of your Financial Plan, and we will work with both you and your accountant in this area. 

The Financial Planners at Professional Investment Services (Manawatu) Ltd take great pride in ensuring that the financial advice you receive is tailored to your needs. To identify your personal financial goals, a Profesional Investment Services adviser will take you through a simple step by step process. 

Our Process

Step 1 - Contact:

Make an appointment with a Professional Investment Services adviser.

Step 2 - Your finances and you:

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Your Professional Investment Services adviser can arrange a consultation that allows you to discuss your financial circumstances. Together you will identify where you are now and where you would like to be. We recommend you compile the following documents (listed below) for the initial interview to enable your adviser to obtain a clear understanding of your financial position.
  • Assets and Liabilities
  • Details of your income and expenditure
  • Details of insurance policies in place
  • Details of investments
  • Estate Planning documentation - ie: Wills, Trust Deeds
  • Your goals - short, medium and long term

At your first meeting, your Professional Investment Services  adviser will provide you with a Disclosure Statement which outlines their:
  • Qualifications
  • Responsibility for advice given
  • Restrictions applying to advice given
  • Fees and charges
  • Complaint resolution schemes available
  • Privacy information

Step 3 - Information appraisal:

Your Professional Investment Services adviser will review and analyse the information supplied and collect any additional information they consider necessary to asist them in the preparation of your financial plan. Based on this information, your adviser will determine your financial position, goals, and risk profile. 

Step 4 - The building blocks - Financial Plan:

Your Professional Investment Services adviser will develop the personalised strategies needed to build and enhance your financial future. This plan, along with formal written recommendations will be presented to you. 

Step 5 - Perfecting your strategy:

Here you will have the opportunity to discuss the proposal and make sure you are comfortable with the recommendations made by your Professional Investment Services adviser. 

Step 6 - Making it happen:

Once you have taken time to review the Plan, if you are completely satisfied, your Professional Investment Services adviser will ask you to sign an 'Authority to Proceed' that formally documents your consent. Your adviser will then implement the agreed recommendations on your behalf. 

Step 7 - We are here for you:

You will continue to have full support and assistance from your Professional Investment Services adviser. Your financial objectives, goals and needs will be reviewed regularly, and your plan revised where appropriate.