SUREFIN BROKERS SERVICES

FINANCIAL PLANNING

We strive to render appropriate advice and a professional service to our clients and for this reason, we follow the Financial Planning Institute’s recommended Financial Planning Process.

The Financial Planning Process consists of 6 steps that will assist you in assessing and planning your current and future financial requirements and developing a Financial Plan to meet your specific needs and goals.

The purpose of the Financial Plan is to create the perfect strategy that will meet your goals.

Step 1 – Establish and Define a Professional Relationship

The Financial Planner will clearly explain the services to be provided to you and define both his and your responsibilities. The planner should explain fully how he will be paid and by whom. You and the Planner should agree on how long the professional relationship should last and on how decisions will be made.

Step 2 – Gather Data and Set Goals

The Financial Planner will ask for information about your financial situation. You and the planner should mutually define your personal and financial goals, understand your time frame for results and discuss how you feel about risk. The Financial Planner will gather all the necessary documents he requires in order provide you with the appropriate advice.

Step 3 – Analyse and Evaluate your Financial Status

The Financial Planner will analyse your information and determine what you must do in order to meet your financial goals. Depending on what services you have asked for, this could include analysing your assets and liabilities, cash flow, current insurance coverage, investments or tax strategies.

Step 4 – Develop and Present Financial Planning Recommendations or Alternatives

Based on the information you provide, the Financial Planner will offer financial planning recommendations that address your goals. The Planner will help you understand these recommendations so that you can make informed decisions. Where necessary, the Planner can revise the recommendations appropriately.

Step 5 – Implement the Financial Planning Recommendations

You and the Financial Planner will agree on how the recommendations will be implemented. The Planner may carry out the recommendations or coordinate the whole process with you and other professionals such as attorneys, tax advisors or stockbrokers.

Step 6 – Monitor the Progress of your Financial Plan

This process is ongoing and will be monitored and re-evaluated by your Financial Planner. As your relationship grows and your circumstances and needs change, your Financial Planner will make the necessary amendments to your financial plan. Every effort is made to ensure that you stay on track in order to meet your objectives and goals as discussed in the initial stages of your plan.