Henwood Court deliver a personalised and comprehensive advisory service to its clients through Financialsense®.
The initial stages of the Financialsense® process consists of six steps:
How we work
1. Introductory meeting
Very simply, this is when we discover whether we’re right for you and you’re right for us. We’ll explain how we work, how we charge and consider if we can we add value to your life and improve your financial performance for you and your family.
If so, we start with getting to know you…
2. Understanding your story
This is important, because we feel that to plot a way forward, we need to clearly understand how you have arrived at where you are today.
3. Build your Life Plan through Lifesense
At this stage we’ll consider what’s important to you, your priorities in life and help you clearly identify your life goals. We’ll then chart a course from where you are today to where you want to go.
We believe that unless we know you, we’re not qualified to advise you. The Life Plan provides the map to ensure the directions and the decisions we make on your financial affairs are the right ones from outset. Giving financial advice without knowing you and your plans is a kamikaze approach to managing money. It’s far better (and cheaper) to prepare than repair.
4. Build Your Financial Plan: Stage One – Your Number
The primary focus of your financial plan is to identify your number. This is the amount of money you need to achieve financial security; the amount you need, whatever happens, to cover your essential spending that includes the roof over your head, clothes on your back and food on the table. Then, it considers your number needed to achieve and maintain financial freedom; how much you need to live the life you wish to live without having to work and earn.
We use sophisticated cash flow software to forecast your position, including considering your current and future resources (investments, pensions etc.) to fund your number, and look at various scenarios all designed to help develop your own strategy for achieving and/or maintaining financial security.
5. Wealth Management: Stage Two – Your Resources
Once we’ve agreed your financial strategy, we’ll analyse your investments, pensions, estate planning and tax position, to ensure these are suitable and fully mobilised and optimised to achieve your life objectives. We’ll identify financial issues and address these, and ensure all financial opportunities are maximised.
6. Ongoing Support
We know that successful financial planning and the achievement of your goals requires an ongoing relationship; a combination of professional advice and coaching. On an ongoing basis, you’ll have unlimited access to your dedicated and proactive team, as well as scheduled review meetings to discuss your financial progress and any changes to your circumstances, lifestyle or goals. If your goals change or you experience any bumps in the road, we’ll be there to get things back on track.
