Financial Planning FAQ
What is financial planning?
Financial Planning is about you and your money. Think of financial planning like a personal trainer – helping you get financially fit. Financial planning is about helping you make the most of your money and ensuring you are in the best financial shape possible, so that you can achieve your goals.
What is a financial plan and what does it look like?
Our financial planning service is designed to cover all of your financial needs. We provide what we call a ‘Lifetime Financial Strategy‘ that covers your complete financial situation and highlights the essential steps required to achieve your goals. You can take a look at an example ‘Lifetime Financial Strategy‘ to see exactly what is covered. Please note that this example ‘Lifetime Financial Strategy‘ is the most comprehensive report as provided to ‘Premier’ clients only. Clients on ‘Prime’ and ‘Core’ planning services may not have all of these areas covered in their financial plan. For more details of what is covered the different planning services we offer and our charges, please see Financial Planning Charges.
What is actually covered in a financial plan?
Every financial plan is unique and created around your needs. Typically, we focus on your most pressing and important needs first. In terms of the scope of what is covered, we have developed a unique financial planning process that covers 18 distinct areas. We call our financial plan a ‘Lifetime Financial Strategy‘:
- Lifestyle Planning
- Financial Forecasting
- Financial Organisation
- Budgeting
- Emergency Fund
- Financial Protection
- Tax Planning
- Saving & Investment Planning
- Property Planning
- Retirement Planning
- Debt Management
- Older Age & Estate Planning
- Career Management
- Family Financial Planning
- Spending Analysis
- Philanthropy & Charitable Giving
- Business Financial Planning
- Financial Education
Please note that this example ‘Lifetime Financial Strategy‘ is the most comprehensive report as provided to ‘Premier’ clients only. Clients on ‘Prime’ and ‘Core’ planning services may not have all of these areas covered in their financial plan. For more details of what is covered the different planning services we offer and our charges, please see Financial Planning Charges.
Why do I need a financial plan?
If I become a NorthStar client, can I contact you whenever I want?
How often will you review my financial plan?
Am I tied into a long-term contract for you financial planning services?
How much will I pay for ongoing financial planning?
I'm not sure what I want to achieve in life - can you help me clarify this?
How will you help me achieve my life goals?
Can you answer another question that isn't listed here?
Have more questions? See our other FAQ pages:
General FAQ | Investment FAQ | Protection FAQ | Retirement FAQ | Property Buying FAQ | Older Age Planning FAQ | Business Services FAQ | Philanthropy FAQ | Technology FAQ
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