Personal Financial Planning

Financial planning

Making money is your business – managing and protecting it is ours. We remove the burden of financial planning and management by partnering with you to devise a customised, holistic financial plan that includes every area of your life from wealth creation to wealth preservation and protection. Additionally, every structure we devise is stress-free, tax efficient and, most importantly, cost effective.

Qualified, professional financial planners are available to assist you to achieve long-term financial goals through investments, tax & legal planning, asset allocation, risk management, retirement planning and estate planning.

6 Steps to a perfect, personal financial plan

The protection of your wealth and creation of financial freedom, is best attained by following this clearly defined financial planning process…

1. Establishing and defining a professional relationship

At your first meeting we will establish a clear understanding of your immediate needs, circumstances and concerns as well as ascertain what professional services your Hereford financial planner will provide, including their competencies and experience. We discuss how the financial planning process will unfold if you are new to it and clarify the roles and responsibilities of you and your Hereford financial planner going forward.

2. Understanding your unique objectives and needs

To assist your Hereford financial planner to gather as much data and relevant information needed to enable the construction of a comprehensive financial plan unique to you. This involves sharing accurate factual data, goals, and aspirations, providing an indication of your values, priorities and attitude towards your financial wellbeing and defining timeframes for outcomes.

3. Analysing and evaluating your financial status

With this information at hand, your Hereford financial planner is now able to analyse your current circumstances and establish where you are in relation to your goals and objectives. Various components of financial planning should be analysed during this process, including personal financial management, risk management, retirement planning, tax and estate planning, investment management and business financial planning. Should it be determined that you are not on track, your Hereford financial planner will explain why and recommend solutions to assist you in this regard.

4. Developing and presenting financial planning recommendations

Once your financial information has been assessed, your Hereford financial planner will present their findings to you and guide you through the various financial solutions available, making recommendations accordingly. It is at this stage that other specialists from within the Hereford Business Units may be called upon to render specialist advice, such as investment management. The outcome of the plan is to ensure that you have a strategy in place to take you forward with confidence and to provide certainty regarding your financial future.

5. Implementing the financial planning recommendations

Having agreed to the recommendations presented, your plan is immediately implemented. This process may involve some responsibility on your behalf as well as your Hereford financial planner, or co-ordination with other specialists. At this juncture your Hereford financial planner will also present the products suitable to address the shortfalls in your planning, or those required to help you achieve your goals. As it is commonplace that not all recommendations can be addressed at once, time frames will need to be agreed upon to ensure you ultimately reach your goals.

6. Monitoring and reviewing your financial plan

A financial plan must be reviewed at least annually or as your circumstances or needs change. This is to monitor progress and to retain what is still relevant to you. Discuss and agree on the frequency of these meetings, but don’t hesitate to contact your financial planner prior to the review date if there is a change in your personal or financial position.


How do we help grow, preserve or
protect your wealth? Speak to a
Hereford specialist now.

During the wealth creation phase of your life, focus on asset accumulation, budgeting, estate planning, debt servicing, insurance, and assurance. When you reach the point where wealth creation is no longer necessary or viable, shift your attention towards wealth preservation. We will help you to manage and transition your portfolio through these life stages to ensure you are allocating your hard-earned money correctly at any given point.

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