Evaluating and Implementing with Nadero

What Is Financial Planning?

At Nadero, financial planning is the practice of reviewing and evaluating your current financial situation and implementing measures that protect what you already have and move you closer to your desired financial goals, sure in the knowledge that your future finances are in good order.

The Six Phases of Effective Planning

The Nadero plan is made up of 6 elements:

  • Consider the financial goals that you want to achieve. Think about the expenses incurred to reach those goals.
  • Establish where you stand now. List all assets and liabilities you have, including any investments you own.
  • Review where you stand financially. This means seeing how far you are along the road to realizing the objectives you have set.
  • Make a plan. This can be developed by yourself or with the help of a financial planner. Prepare a blueprint to reach your goals. You can discuss this with your planner and establish if your objectives are achievable from where you are starting from.
  • Put your plan into action. Implement the changes that you described in your plan and start making a difference. A plan on paper alone will not help you get where you want to go.
  • Keep an eye on your plan and check the progress you are making once a year as a minimum. If something is not going to plan, take a step back, and reevaluate, and adjust where necessary. Keep in mind that this is your plan and should be tailored to suit your needs.

Is A Financial Planner Really Needed?

You can devise and monitor the progress of your plan yourself. It is not always necessary to involve a financial planner to put our finances in order, although using a professional, someone who knows and understands the available products and services, such as Nadero, can bring massive rewards. A financial planner appreciates the subtleties needed to get you where you want to go, sooner and cheaper. As with all specialists, it helps to speak with them to ensure you have covered all the areas that a novice sometimes wouldn’t consider or take into account.

Financial Planner Versus Financial Adviser

A financial adviser is someone that assists and advises an individual or company to develop a strategy to achieve long-term financial goals. A financial planner is one category of financial adviser that focusses on a particular aspect of the overall financial picture. Financial planners are the ones that help you devise particular plans to help you achieve your objectives.

The Next Step:

Nadero is a wealth and investment management company that specializes in financial solutions which are designed for clients who expect more. We offer made-to-measure solutions to help you reach your financial objectives. For more information about financial planning or to get in contact with us about any of our other services, please contact us.