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Our Financial Planning Process

Identify your Goals

Central Wealth Planning Limited use the 6 step financial planning process to identify your financial needs and goals before starting the investment process. We are one of a small number of the Institute of Financial Planning's Accredited Financial Planning firms. Our planning process the Financial Routeplanner works like a Sat Nav planning the route from your current financial position to your future desired destination.

Agree a Strategy

When we have agreed on the strategy for your financial plan we will assess your attitude to risk and the requirements of your plan and agree a suitable approach. We work with one of the leading academically reviewed risk profiling systems, their short questionnaire will help us to identify your attitude to risk and, using the results obtained to match your outlook to a suitable portfolio. A bespoke investment portfolio is created to match your personal requirements.

The portfolio we create for you uses not only our own expertise but also a solid background of academic research and input from specialist independent fund analysts and a leading investment data and research company. Please see our investment process document for further information. Our portfolios offer a range from cautious to adventurous, and the more risk you are prepared to take the more return you should expect over the medium-to-long term.

We offer a face to face review meeting on at least an annual basis we check to review your financial position. We will also review your portfolio confirming the level of risk and the funds selected are still suitable. Please see our review service document for more information.

Keeping up to date with your Investments

The WRAP is an internet based system which brings together the administration of your financial portfolio; it provides different tax wrappers such as pensions, ISAs and investment bonds, allowing you to manage them all through one interface. This means you have constant access to all elements of your portfolio online.

Wrap partners

We work with a number of wrap providers and independently select the most appropriate option given your circumstances. We select platforms that are competitively charged, offer access to a wide range of low cost funds and most importantly have a good service and are financially sound. Using the wrap platform you have unlimited access to your account information online.

Cost

The current cost of CWP Wealth Management covering the administration, investment and monitoring is; an initial set up fee for the initial planning and reports that depends on your circumstances and an ongoing % of your investment funds this varies slightly depending on the complexity of your circumstances and size of funds involved. We will confirm this before proceeding.

There are no exit or withdrawal fees:

We will always double-check that you fully understand the cost of a service before we commence any work on your behalf. If you are interested in this great value investment service, please get in touch with us.