It is a simple truth but good financial planning requires regular attention and review to ensure it remains on track to achieve the original objectives you set when putting a financial plan into action.
Do things remain constant within our lives? The answer is rarely! Many people sometimes wonder why they even have certain financial plans in place given it was so long ago since they were originally established? But as we know for sure life does change and therefore our objectives need to be reviewed regularly and as a consequence so to does the strategy used to achieve them.
Which events should alert you to review your plans?
- Change in working location
This will usually involve a different remuneration package, a different tax environment, and living costs. Will your current life and critical insurance plans be valid in this new location?
- Investment environment
In volatile times such as those we are currently experiencing, it is essential to review existing investment strategies regularly. Unlike most offshore investment advisers, Synergi offers clients access to full discretionary portfolio management with a dedicated, professionally qualified and regulated Investment Manager.
- Life Changing Event
A life changing event can and almost certainly should trigger a financial review. Examples could include marriage, birth of a child (family protection, education planning), death of close relative (Inheritance or succession tax, investment planning) or change of job, to name but a few.
- ‘Loss of’ or ‘Infrequent’ contact from your current advisor.
Maybe through re-location or ‘lack of’ or ‘lost’ contact with your current advisor you may not have completed a regular financial review for some time and inevitably time passes quickly and investment plans start to fall off course. One of Synergi’s ‘core’ services is to provide continuous financial advice to our clients wherever they may be based via on-line and regular telephone contact.
We do wherever possible engage in ‘face to face’ advice with our clients and give our clients full access to our ‘Investment Specialists’.
We firmly believe regular financial reviews are an essential pre-requisite of any successful financial planning process.
We work with the following institutions