Book your no-obligation discovery appointment with Edale through this form.
Financial discovery within our overall financial advice process
A financial discovery session is the first step in providing personalised financial advice and ideas. This initial meeting provides your advisor with an opportunity to understand where you stand currently concerning your finances as well as what your desired outcomes might look like. Your advisor will gather information about your current income, expenses and assets, as well as any existing liabilities and long-term financial life goals. Thereafter allowing them to create customised ideas that are relevant to you and aligned with your financial objectives. Ultimately, this process helps you establish strong foundations on which to build your financial future. Common questions linked to this financial discovery are below the booking form.
What is the purpose of a financial discovery meeting
A financial discovery or fact-finding by an IFA is an opportunity to assess the customers’ needs to then be able to advise on an appropriate course of action. The list below provides some of the basic information that is helpful to bring along. In addition to basic customer information, getting a breakdown of income/expenditure and assets/liabilities, a full x-ray of existing savings/investments/ pension and life assurance arrangements, terms of any wills and details of expected inheritances, the current occupation status and prospects and Health Information. We ask a risk-profiler is completed.
Importantly the goals and aspirations of the customer need to be clearly matched to our recommendations, so we will ask about:
- What is the previous investment experience and knowledge of the customer
- Why did they invest, and what were their expectations
- What are they planning for in the future. Life changes. Major milestones. Ambitions.
- Personal ‘landmark’ dates such as retirement dates, children weddings, anniversaries, splurges, etc.
- Who does the customer want to benefit from the financial plan