How We Work
At Obsidian, we make sure we take the time to understand your needs, goals and preferences before we make any recommendations.
How We Work
At Obsidian, we make sure we take the time to understand your needs, goals and preferences before we make any recommendations.
We often meet clients at their place of work or their homes, but we also welcome visits to our offices. We will work closely with other professionals, such as accountants and solicitors, to deliver a seamless service to you.
This is the six-step process we follow:
- Initial meeting and review – identifying your needs and objectives
- Getting to know you – gathering relevant information
- Analysis – an evaluation of your particular financial situation
- Recommendation – developing a strategic plan
- Implementation – reaching an agreement on how and when the plan will be implemented
- Ongoing service and relationship – regularly monitoring your progress
Please contact us to find out more about our financial planning process – we look forward to hearing from you.
At Obsidian, we set achievable goals with specific deadlines, which is why we follow six clear steps to set out your own personal bespoke plan:
Stage 1 – Initial meeting
One of our advisers will meet with you to discuss your personal circumstances and your current financial situation. This will involve some detail so that we work with you to construct your personal plan. We effectively take a picture of where you are now, and then review where you want to be and when. Details of you, your occupation, your savings and investments, your mortgage, your current liabilities, and your current tax position all help form the picture. From this, we can build a profile of you which will help us to formulate your plan.
Stage 2 – Gather data and get goals and aims
Once we have a clear picture of your current situation, we then move on to discuss your objectives and aspirations. We will also take time to discuss and consider any concerns you may have. Part of this process will be to review your personal attitude to risk and reward, and your attitude towards investment risk. This is a crucial part of the process and will enable us to construct an investment portfolio which is bespoke to you and your plan. As our discussions progress, you will see how these components fit into the building of your own personal plan.
Stage 3 – We prepare your Financial Plan
Together we will review our analysis of your current position, and give you our outline findings and initial thoughts for your plan. We'll present our recommendations and actions required for you to achieve your goals.
Stage 4 – Present and discuss your Financial Plan
Having now discovered where you are and where you want to be, we can now begin to map out your own bespoke financial plan. This effectively forms the map or the route you will take to reach your required destination. We ensure we establish the most cost-effective, appropriate way to make your journey a smooth one. At Obsidian, we pride ourselves in our ability to deliver our clients with the most appropriate solution to reach their goals.
Stage 5 – Implementing the Agreed Plan
It's now time to implement the plan. Now we have agreed the plan with you, it’s now time to put things into motion.
Stage 6 – Review your Financial Plan regularly
During our discussion, we will have established review dates and agreed these with you. These should normally take place annually, or at intervals you agreed and prefer with your adviser. Regular monitoring of your Personal Financial Plan is imperative and operates as a key component of ensuring you are able to see the progress towards your goals. As we are all aware, though, life often throws many changes at us; another benefit of regular reviews is ensuring we can deal with change and make any adjustments as required.