7 Steps

Financial Planning / 7 Steps

To help you create a secure financial future, we employ our disciplined 7-step financial advice process

Financial position

Step 1

We start by assessing your current financial position including your financial life-stage, assets & liabilities, savings capability, personal risk insurance requirements, retirement income requirement, Centrelink entitlement position, and so on. We then help you define your short, medium and long term lifestyle and financial goals. What do you want your lifestyle to look like, where will you live, where do you want to holiday – now and in the future?

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We’ll start by assessing the key areas:

  • Life-stage
  • Assets & liabilities
  • Savings capability

Lifestyle requirements

Step 2

Then we convert your lifestyle requirements into clear financial goals and objectives. How much money do you need to fund the lifestyle you want – now and in the future?

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We’ll help convert your lifestyle requirements into goals:

  • Wealth Creation
  • Lifestyle
  • Retirement

Financial goals and objectives

Step 3

Next we develop your financial, wealth, retirement, taxation, Centrelink, career direction and risk management strategies which will enable you to meet your financial goals and objectives through recommendations by Plus 7 Financial Management.

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We’ll help you develop your financial goals and objectives

  • Wealth Growth
  • Retirement Plan
  • Centerlink Plan

Investment return

Step 4

We then determine the mix of assets (i.e. shares, property, bonds and cash) which will reliably help you achieve your required investment return, including your tolerance to investment risk (i.e. the fluctuating nature of investment returns).

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We’ll help you achieve your required investment return:

  • Investment risk
  • Fluctuating nature
  • Investment returns

Risk Tolerance

Step 5

Then we compare your risk tolerance to the level of risk inherent in the asset allocation plan we have developed for you. Do the two match? If they do not match, there is a gap which will most likely result in you being unable to achieve your goals. Therefore, before we proceed further, we work with you to help you reach a compromise which gives you comfort on all fronts. We call this our ‘Gap Analysis Procedure’.

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We’ll compare your risk tolerance to asset allocation risk:

  • Gap Analysis
  • Risk matching
  • Achievable goals

Gap Analysis

Step 6

Once our ‘Gap Analysis Procedure’ is complete, we finalise your financial plan to ensure it is focused on meeting your preferred financial and lifestyle goals. On your approval, we then implement each of the recommended financial strategies and arrange the purchase of the recommended investments and personal risk insurances on your behalf, help set up any contribution strategies and finance goals.

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Once ‘GAP’ is complete, we finalise your goals:

  • Strategies
  • Investments
  • Risk insurances

Plan finalisation

Step 7

Once your plan and investments are in place, we regularly review them with you to ensure they continue to perform as expected. If they do not, or if your situation changes, or external factors change, we will recommend appropriate modifications to your plan and investments.

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Regular plan reviews to ensure continued performance:

  • Situation monitoring
  • External factors
  • Modification

We’ll help you achieve your vision of a secure financial future... every step of the way.

Contact us

Call or email us to discuss your financial opportunities today.

‭08 8130 5500 admin@plus7fm.com.au

Find us

Suite 1, 1 Alexandra Avenue, Rose Park
Adelaide SA 5067

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9am to 5pm, Monday to Friday

Let's chat

Let's meet up for a coffee or arrange a phone chat to discuss your opportunities.

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