What makes us different?

Financial Planning is a process. At Huggins Financial Planning we make this a simple process in achieving your overall objective. Detailed below is a summary of what a Holistic Financial Review means to you.

The first part of the financial planning journey is to identify you goals and objectives. This is achieved by a personal face to face meeting, discussion and questions. For example:

• Where do you want to be financially in one, three, five and ten years?
• What are your aspirations and intentions?
• What concerns do you have for the future?
• How do you feel about risk?

Following on from this we need to collect factual information. It is crucial to understand your personal circumstances, current financial situation and how you have arrived there. Things that need to be considered include:

• Your family
• Income and expenditure
• Employment Status
• Tax Position
• Existing Financial Products

Once we have collated all the important information we can appraise where you currently stand in relation to where you want to be. We analyse your current financial position, and fully review your existing policies including:

• Pensions
• Individual Savings Accounts (ISAs)
• Bonds
• Endowments
• Protection policies
• Mortgages

Next we will produce you a personalised plan. It will analyse your financial arrangements and make recommendations as to how your existing finances can be utilised. This will cover, amongst other things, your:

• Assets
• Investments
• Liabilities
• Income.

The plan will identify the cost of achieving your objectives, your financial independence and plan for any unforeseen circumstances which may arise.

We will then look to implement the plan. This could include amalgamating some or all of your existing investments, cancelling unsuitable policies, setting up a new policy, or simply tweaking the existing arrangements you already have in place.

Finally, and what we believe most importantly, we regularly review the plan. You can expect to receive a minimum contact from Huggins Financial Planning once every three months, and from the same person who originally set up your plan.