Our Approach

Wilcox Financial Planning Ltd provides independent financial advice to both individuals and businesses on a fee or commission basis (dependant upon client choice), our first consultation is complimentary at our own cost.

The relationship that we build with our clients is underpinned by our commitment to ensure that their long-term financial goals are achieved.

We believe it is important to have a disciplined approach towards developing a successful financial planning strategy and follow this process

The Advice Process

Step 1

Engagement – Identify your needs and objectives

 We will arrange an introductory meeting to fully explain how our service works, identify your primary financial needs and objectives and answer any questions.

Step 2

Discovery – Gather information

 If you feel you can benefit from our service, your Adviser will work with you to fully understand your objectives and develop these into well-defined goals. Your Adviser will gather financial information to provide a comprehensive picture of your circumstances.

Step 3

Identify your risk profile

One key element in the financial planning process is to identify your comfort level when we talk about investment risk. We may ask you to complete a scientifically developed questionnaire to help create your investment risk profile. We will then discuss the outcome with you to ensure you are confident it reflects your real views.

Step 4

Research & analysis – Prepare an analysis of your situation

Once your objectives are agreed, we will work with you to complete a Personal Financial Plan (PFP). This written report provides an analysis of your current financial position and identifies any areas to develop and act upon.

Step 5

Plan presentation – Develop an action plan Once we’ve constructed your Personal Financial Plan (PFP), we’ll take you through it stage by stage. It will set out specific and realistic recommendations designed to achieve your stated objectives over an agreed time period.

Step 6

Implementation – Plan implementation

 Now it’s time to put the plan into action. You can relax in the knowledge that we will be taking care of all the necessary final steps to turn your plan into reality.

Step 7

Ongoing service & relationship – Monitoring your progress

Where an ongoing service is agreed, your Adviser will help you review your plans to make sure they are on track with your objectives. Reviews will take account of any changes in your personal circumstances, financial market conditions and relevant legislation.