How we work

As Independent Financial Advisers we are free to advise on financial products available from a wide range of product providers. We use advanced computer software to research, compare and select the most suitable products and services currently available. This enables us to deliver financial solutions, which are cost effective and aim to maximise the potential benefits to our clients.

At an initial meeting we will explain our process including how we will charge for our services. We can then agree how best we could work together and what services you will require going forward.

From this point on you become our client and we will be working with you to provide an appropriate and sustainable financial plan with the aim of achieving your financial goals and objectives. For this you will need to set aside some time to talk to us. This is a two way process which requires commitment from both you and us.

The 6 Stage Financial Planning Service

Identify your needs and goals
The first stage in Financial Planning is for you to understand how the process works. Whilst explaining this, we will help you to focus on your goals and priorities.

Gather Information
Through asking questions and listening we will build a detailed profile of your current financial situation. This will take account of your income, expenditure, liabilities, assets, existing financial commitments and existing financial products. We will also establish your specific financial goals and your attitude to investments and investment risks. Accurate and detailed answers at this stage will help us gain a true picture on which to base the remaining steps of the planning process.

Prepare an analysis
Once we have a clear picture of your situation the next step is to produce your Personal Financial Analysis. This is an objective report which details where you stand today and what you need to do in order to try to achieve your goals and objectives.

Develop a Plan of Action
We then take the results of the analysis and, taking into account your attitude to such things as investment risk we put together your personal Financial Action Plan. Fully utilising your existing provisions we will then recommend a strategy aimed at helping you achieve your goals and objectives.

Implement the Plan
With your individual strategy aimed at financial success completed, you must now take the necessary steps to try to make it all happen. You will by now have a thorough understanding of your financial situation and what you need to do with the aim of achieving your goals. At this stage we can really add value to the action you take by helping you assess your priorities and then sourcing the most appropriate products available.

Monitoring your Progress
The value of this final stage cannot be over estimated. Personal Financial circumstances rarely remain the same for long so reviews are vital. Additionally changes in investment conditions, taxation and even legislation can have a significant impact on the plans you have made. For this reason we recommend your situation be reviewed on a regular basis in order to assess how you are progressing towards your goals

Financial Analysis Report and Action Plan

Your Personal Financial Analysis and Financial Action Plan can include the following:

Your current Financial Position
Including a net worth assessment and an income and expenditure analysis, with recommendations for the establishment of an adequate cash reserve and also the identification of any possible cash savings.

Retirement Planning
Including detailed projections of your income and expenditure situation at and during retirement with recommendations for addressing any possible shortfalls or strategies for achieving an earlier retirement date.

Investment Planning
Including a detailed analysis of investment and savings objectives with recommendations for assessing any shortfalls and how best to manage your existing capital in line with your objectives.

Protection Planning
Including detailed projections of your capital, income and expenditure situation in the event of a long term illness, disability or premature death plus recommendations for addressing any shortfalls to ensure the adequate protection of your dependents and the continuing achievement of your financial goals.

Inheritance Planning
Including projections of the settlement of your estate and potential Inheritance Tax liabilities, with recommendations for the efficient settlement of your estate and Inheritance Tax mitigation.

Tax Planning
Ensuring your personal allowances are utilised to minimise your Income and Capital Gains tax liability, and also the use of your partner's allowances where appropriate.

Will Planning
By introducing you to an appropriate Will writing service we can work with you to ensure that your Will is written in a way that supports the financial plans you have put in place.

The Financial Conduct Authority does not regulate Taxation & Trust advice and Will Writing

How we are paid

At the outset we arrange a preliminary meeting for the purpose of establishing whether we are able to assist with your needs and objectives. At this meeting we also discuss how we will be paid for our services should we be instructed to proceed. There is no charge for this preliminary meeting and no obligation on either side.

After the initial consultation, we will agree with you how we will be remunerated for our service more information will be provided on request.

Fees may be subject to VAT and we will advise you whether or not this is the case.

However we take our remuneration this will be a matter of discussion between us followed up with a written agreement - no charges or fees will be made without prior notification.

Morris Trice Associates Ltd is an appointed representative of In Partnership the trading name of The On-Line Partnership Limited which is authorised and regulated by the Financial Conduct Authority (http://www.fca.gov.uk/register/home.do)

FCA Registration No: 528398
Morris Trice Associates Ltd Registered in England No. 06716320
Registered Office: 55 Meneage Street, HELSTON, TR13 8RB
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Some forms of Buy to Let, Trusts, Estate Planning, National Savings and Taxation advice are not regulated by the Financial Conduct Authority. The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK