Financial Planning Steps

Planning is crucial to bring a structured approach to the management of your finances and investments. Your Perpetual Trust adviser will prepare a personal financial plan, tailored specifically for you, taking account of your situation and future goals.

The six steps in the financial planning process are:

• Gathering data on your current financial situation
• Helping you identify your financial goals, needs and aspirations
• Analysing your current financial situation and identifying areas of strength and weakness
• Providing a written report with a recommended plan or strategy to enable you to achieve your goals
• Coordinating the implementation of the recommendations once you have approved them
• Regularly reviewing and monitoring progress to ensure the plan remains relevant to your circumstances.

Financial planning is an holistic approach taking into consideration investment, financial, taxation, legal and estate planning issues affecting you.