Step-by-step

The question has been asked many times – “why is it so difficult to get good financial advice?”

The answer is that delivering good financial advice year after year is a complex task requiring a diverse range of skills and resources.

As a prerequisite your advisors need breadth and depth of experience, true expertise, first rate IT systems, administration and support personnel, non reliance on product sales and a proactive determination to get the job done. The challenge is indeed a demanding one.

Moreover, all of these skills will be wasted if the client relationship is approached in an ad hoc manner. That is why, at Clarion, we have developed clear procedures to ensure each aspect of our service is delivered effectively and efficiently.

Typically, the initial process can be broken down into six steps as shown below.

Step One - Meeting of MINDS

The initial meeting is about you and how you can benefit from our intellectual capital. We will discuss your goals, aspirations and personal values. It's a listening approach based on the utmost confidentiality.

Step Two - Initial ANALYSIS

Together, we analyse your current position and strategy. This includes a comprehensive risk evaluation process. Armed with this information, we can formulate an outline plan.

Step Three - Meet to discuss outline PLAN

At this stage Clarion has developed a real sense of what is required to achieve your objectives and how we can help. We will discuss the outline plan with you and explain how we think it should be managed.

Step Four - Develop a detailed FINANCIAL PLAN & STRATEGY

Having agreed the outline plan with you, Clarion develops a more detailed plan with clear signposts for action, covering everything from tax planning to investment strategy. As well as being a useful reference source for you, this comprehensive dossier of your affairs can prove vital to your next of kin should anything happen to you.

Step Five - Meet to approve STRATEGY and agree PLAN OF ACTION

After a thorough discussion of the plan and the ramifications of any proposed course of action, an implementation schedule is agreed. Depending on the complexity of actions required, implementation may require a single exercise or a number of initiatives spread over a longer period. Formal minutes of this key meeting will be provided.

Step Six - Scheduled REVIEW MEETINGS

The efficient management of wealth is a dynamic exercise requiring constant monitoring and periodic review and adjustment.

An on-going schedule of reporting and future meetings will be agreed to ensure your financial and investment affairs are kept in the best possible order. To ensure clarity, review meetings are preceded with an agenda and followed up by comprehensive minutes.