When running your financial programme you can either choose to have advice on each area as it arises or you can work in conjunction with a financial planner to adopt a more holistic approach.
If you adopt for the advice approach then you end up treating your financial programme very much as a retail exercise or shopping trip. You simply end up with a whole collection of policies. The problem with this is that the success of the programme depends on the interaction between different areas. Most importantly, not all solutions entail buying a product.
The role of the financial planner is to identify the objectives you are trying to achieve and then put in place a strategy to ensure its fulfilment.
We would suggest the following five steps:–
- Identify objectives
- Quantify current shortfall
- Devise a strategy that may or may not require additional policies
- Apply investment strategy
- Annual Review
Asset Allocation
Fund Selection: The Mechanics
You can either use O’Sullivan Associates to arrange one off purchases on a commission only basis or fee basis and contact us as required, (as we are neither anti-commission nor pro-fees).