Our advice process
We follow a process that we’ve refined over years of delivering well researched, solid dependable advice. We get to know your unique, individual position and objectives, finding out what you need and why. Then, we apply expert knowledge of the markets, experience, financial acumen and creative thinking to build you the best financial plan possible.
Preparation
Gathering information
The first stage of our process.
We use a ‘fact find’ form to gather information about you. We discuss and record information about your finances, your attitude to risk, your needs and objectives to help us give you the best possible advice. Special attention is paid to risk at this stage, as it is a key deciding factor and attitude to risk may vary depending on the time frame you are considering and your future financial objectives.
From here, we can share our initial evaluations and discuss any immediate action we think would be beneficial to you. The information we hold about you is regularly updated to make sure it is always relevant to your circumstances.
Process
Research and evaluate
After the initial preparation stage, we apply technical research expertise to prepare an outline report, tailored to meet your individual objectives. Where necessary, we will forward any letters of authority that you provide to the relevant Product Providers. We will analyse any additional details issued, in conjunction with the information we have gathered at our initial meeting.
The report will summarise your attitude to risk, our recommended asset allocation and your time horizon (we may recommend various time horizons dependent on any known or foreseen events). This process can take up to 2-8 weeks to complete and will contain any supporting information including illustrations and product brochures (including Key Features Documents).
Presentation
Present recommendations
We will send our recommended financial report for you to consider and then arrange to meet you to discuss its contents. At this meeting we will present our recommendations and confirm that you are happy for us to proceed with your plan. If your objectives have changed or you have any immediate questions on the report, you can discuss these with us at this stage.
Our aim is to deliver exactly what you expect from your plan. We will detail any associated costs, as well as providing past performance and expected returns information for each investment we recommend. We also outline your current investment position and detail our professional observations in each area.
Plan
Implement your financial plan
This stage involves the completion of:
- Application forms
- Transfer forms
- Payment of investment fee
- Payment of advice fee
We provide you with any assistance you need to complete these documents. When we have received them, we will contact the recommended Provider(s) to implement the plan on your behalf. Details of any advice arranged will be recorded on our administration system, along with any information we have gathered in relation to your plan, including any current or planned investments.
Projections
Monitor and review
Once we have met to discuss your plan and it has been put into effect, we will continue to regularly review and monitor it based upon your needs and changing circumstances. We will continue to provide you with guidance, advice and administrative support on an ongoing basis.
Any advice or recommendation we make will be based on your stated objectives or circumstances and will take into account any restrictions you may wish to place on the type of investment you are willing to consider.
We’re here to help you get what you need
It starts with a conversation and grows into a partnership. At Principal & Prosper we’re here to help whatever your financial challenges. Fill out our form, email us on info@principalandprosper.co.uk or pick up the phone and tell us what you need. We’re looking forward to getting to know you.