At Collins Mann we believe that life should be about choice not compromise. However, when you are unaware of the available options, choice can be compromised. Acting as your personal “Chief Financial Officer”, we invest the time, expertise and enthusiasm to understand your needs and goals through our 6-Step Lifestyle of Choice Program as follows:
Simply put, these are the financial issues that keep you awake at night. They could be one of the following common concerns that our clients have raised:
Be candid and completely honest with yourself. Talk with your family and understand what concerns they may have. Be prepared. Acknowledge every possibility, every eventuality and lay it on the table.
Having completed a Fact Find questionnaire prior to our second meeting, together we will be able to acknowledge your personal details and current financial position. However, these facts do not provide YOUR complete picture. This is why at this stage of our process we ask you a set of detailed questions which may appear unrelated to finance, however, they are directly related to identifying your financial values, the “importance of money to you” and identifying and setting out clearly your financial goals, both for the short and long term. These are not your run-of-the-mill questions. These questions focus on what is important to YOU and your family.
This step evaluates your current financial position and assesses the possibility of you achieving your financial goals identified in the Discovery step.
Issues covered include:
We encourage questions at this time to ensure we are both accountable for your financial goals and outcomes.
This stage formalises your chosen financial strategy as discussed in Step 3. Once you agree on a strategy, this step works through the relevant recommendations and makes sure these strategies are implemented.
Our goal then is to assist you in gaining a full understanding of this financial strategy along with the recommendations compiled for your individual circumstances.
Once the financial plan is implemented, this step then puts in place a process to monitor and track how and where your financial position is at any point in time, benchmarking your progress against the original strategic projections. This ensures both parties remain accountable.
Our web-based tracking model, Nettshell Pro, provides you with clarity and confidence through the visual analysis of your progress. It is a visual analysis that many of our clients find easier to understand that the complexity of tables of numbers. Read more about Nettshell Pro
This step is an annual review of your personal circumstances to ensure that your values and goals are still in line with what was important to you when we first implemented the financial plan.
Often there are life changing events that require review and changes to plans. Such changes could involve health or employment, etc. It is conducted at least annually but more often half yearly and re-aligns your values to your goals as your life circumstances change.
What is important to remember here is that there will always be changes to personal circumstances. A good financial adviser together with a good plan will mitigate the risk of life’s changes devastating your finances. Don’t use life’s ups and downs as an excuse not to plan for your future.
Collins Mann ABN 88 098 705 152 is a Corporate Authorised Representative of Magnitude Group Pty Ltd (Authorised Representative No. 267462). Managing Director Russell Mann (Authorised Representative No. 273590) is an authorised representative of Magnitude Group Pty Ltd ABN 54 086 266 202 which is the holder of Australian Financial Services Licence No. 221557.
The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances. This website holds information for Australian Residents only.