How We Work

How we work when it comes to financial guidance

How we approach our work is always the same as it consistently yields results that are beneficial for our clients. You can see a breakdown of this process below. To enquire, please contact Parklands Financial Advisers in Lowestoft directly. We also cover King's Lynn, Cambridge and other areas of East Anglia.

Here's how we formulate the plan towards your goals:

About you

We meet together to discuss your personal circumstances and your current financial situation. We'll go into detail so that we can draw up a complete picture of where you are now, and where you want to arrive. We'll ask about you, your occupation, your savings and investments, your mortgage, your current liabilities and your tax position, and we'll explain how all of this information builds a profile which will help us to formulate our financial plan.

Your goals and ambitions

Next we discuss your objectives and your aspirations, as well as any concerns that may arise. We’ll discuss risk and reward and capacity for loss which together will result in determining your attitude towards investment risk, as this feedback from you will enable us to construct an investment portfolio which is a major part of the plan. You'll see as we move forward in our discussions how all this fits into place in your personal plan and agree the likely cost for our financial advice.

Analysis

We'll discuss with you our analysis of your current financial position, and outline our initial thoughts for the plan. We'll present our recommendations and actions required for you to potentially achieve your goals.

How to get there

So now we know where you are and where you want to be. In this phase, we present your Personal Financial Plan which maps out the journey to your destination, and we establish the most suitable and most time efficient route to potentially get you there. We discuss with you your current income and expenditure, your assets and liabilities, and how your existing finances can be utilised towards the achievement of your financial goals. Your Personal Financial Plan will also agree the cost of achieving your objectives. Then we ask your approval and confirmation of the plan.

Implementation

It's time to implement the plan. Every course of action we have recommended and agreed with you is now put into motion.

Review the plan and progress updates

If required, review dates will be agreed and can take place annually or more regularly if required or requested. Ongoing fees will be agreed as to which service level is required. The purpose of regular monitoring when it comes to your Personal Financial Plan is to enable you to clearly see progress towards reaching your financial goals, and for us to make any course adjustments that may be required. Working closely with you we will explain overall how the plan is going and agree with you any modifications to keep it on track towards the achievement of your goals.

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Please note

TAX TREATMENT IS BASED ON INDIVIDUAL CIRCUMSTANCES AND MAY BE SUBJECT TO CHANGE IN THE FUTURE.


THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE TAX PLANNING.


THE VALUE OF INVESTMENTS AND INCOME FROM THEM CAN GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

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For more information on our approach to financial guidance, please complete the form or call directly on

LOWESTOFT- 01502 531 633

WOODBRIDGE - 01394 332 733

Kings-Lynn - 01553 770 090 

Long Stratton - 01508 448 085 

Norwich - 01603 858 580

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