The FPSB (Financial Planning Standards Board) are the globally recognised professional body for financial planners. They describe Financial Planning as a process for developing strategies to help people manage their current financial affairs to meet life goals. What does this really mean?
For close to 20 years, we at Ollie Moran Financial Services Limited have been helping individuals, families and corporate clients reach their life goals through proper management of their finances. This can mean protecting your current and future income and dependents, enhancing retirement provision, boosting savings, clearing debt or even extracting wealth from a business. We know that every client is unique with their own financial goals and circumstances, and that it doesn’t matter at what stage you are in life, everyone needs a financial plan. For that reason, every client develops a personal relationship with one of our financial planners and has a bespoke financial review tailored to their specific set of needs. We pride ourselves on our highly qualified team with expertise across personal financial planning, retirement financial planning, investment management and wealth extraction. Warren Buffett, the famous American investment guru once said – “Someone is sitting in the shade today because someone planted a tree a long time ago.” This quote aptly describes the process of Financial Planning.
Financial Literacy refers to the knowledge and understanding of financial services and products. Two thirds of Irish adults struggle to understand the complex wording and jargon in financial services. As part of your financial life plan we do not use complicated language or processes. We work with each and every client to ensure you have a full clarity on the best way to achieve your financial goals because we want financial literacy to be part of your life. So where do you start? Engaging a financial planner may seem like a daunting prospect but it certainly doesn’t need to be. There are 6 steps to the financial planning process:
This can determine whether we are the right fit for you, and if we feel we have the right skill sets to help you achieve your financial goals. We want to know what moves and motivates you, where you are now and where you want to be.
We conduct a FactFind to find out more about you and your family, your current financial status and your life goals. Our own OMFS FactFind is a bespoke questionnaire where you can detail your current incomes and expenditures, long term savings and debt etc. This should take approximately 15 minutes to fill out, and we use this to forecast right through to retirement and beyond. The more information you give us the more accurate and tailored financial plan we can map out for you.
