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Financial Planning Offering

Parc Wealth Management embarks on a journey together with all of its clients on our unique 6 step process to tailor a bespoke and client centric financial solution which is predicated on individual goals and objectives as follows:

Parc Wealth Management embarks on a journey together with all of its clients on our unique 6 step process to tailor a bespoke and client centric financial solution which is predicated on individual goals and objectives as follows:

Financial Plan

Step 1

Gathering and discussing your financial information

To tailor a Financial Plan just for you – we need to get to know and understand;

Your current financial situation

  1. What and who is important to you
  2. What you want your money to do for you
  3. What if any, investments or concepts you would oppose
  4. Your lifestyle and financial goals

This discussion will form the basis of the financial plan we prepare. With this information we can create a clear vision for your financial future. Building and protecting your wealth are our primary concerns.

Step 2

Understanding your goals

This step will require you to identify both personal and financial goals and objectives for yourself and your family. These may include;

  1. Family financial planning issues like providing for your children’s education
  2. Provide for retirement
  3. Relieving immediate financial pressures that would help maintain your current lifestyle
  4. Supporting aging parents

At this stage we will also identify any situation that as a result of your individual circumstances, have any legislative, taxation or social security ramifications.

Step 3

Analyzing the information

The information gathered is analyzed and research is conducted to determine what your resources are and how best to apply them towards achieving your goals and objectives. It is at this stage where we will also identify any problem areas, such as;

  1. Current investments not performing as anticipated
  2. Inadequate cash flow
  3. Too little or too much insurance

Step 4

Constructing a financial plan for you – ‘solution mode’

We will develop strategies that outline options available to you for achieving your goals and objectives. It is at this point that we mutually agree to proceed to the next step.

The length of the financial plan document will vary with the complexity of your individual situation and mandate given to us. The following are some of the strategies that we employ and give consideration to;

  1. Equity Trading strategies
  2. Estate planning considerations
  3. Gearing strategies
  4. Goal setting
  5. Investment planning
  6. Pre-retirement planning
  7. Retirement planning
  8. Risk and insurance analysis
  9. Savings and wealth creation strategies
  10. Superannuation planning

Step 5

Implementing the strategies in the plan

A financial plan is only helpful if the recommendations are put into action. However, the decision to implement, modify, or reject the recommendations presented in your plan remains your sole responsibility.

It is at this stage where the strategies outlined in the plan are implemented using your financial resources allocated for this purpose. We consider a comprehensive range of products and services including;

  • Business succession insurance
  • Deposit and payment products (for example term deposits, cash management accounts)
  • Direct fixed interest
  • Limited recourse borrowing arrangements
  • Margin lending facilities
  • Personal and group insurance
  • Retail & wholesale managed investment schemes
  • Retirement income streams
  • Securities (Direct shares)
  • Self managed super funds
  • Superannuation products

Step 6

Reviewing the plan and strategies – On-going Service

A financial plan can be no better than the data upon which it is based. Periodic reviews and revisions of the plan are essential to account for changes in personal and economic conditions.

These reviews are undertaken to ensure your plan stays ‘on track’ and to make adjustments where your personal situation or market conditions have changed.

The Parc Wealth Management on-going service offer includes;

  • Assistance in managing your budget and cash-flow
  • Measurement and tracking of financial position
  • Provision of counsel to help you make financial decisions with confidence
  • Regular communications to keep you up to date with legislative, tax and regulatory changes
  • Strategy, review and planning meetings

Contact us to discuss how we can help you today.