As outlined, the preparation of a financial plan and its implementation is an interactive process, requiring Client involvement at various stages. Initially, we shall meet with the client to establish the current financial status by accumulating information on the client’s assets and liabilities, including savings and investments, real-estate, retirement accounts, insurance policies, mortgages, loans and other commitments. We shall also discuss the goals and expectations and make suggestions with regard to the financial future and lifestyle of the client.
After this initial review, GIRA will establish a Wealth Statement and determine the size of future savings and assets needed to meet the client’s long-term goals. This process will include simulations of the impact of inflation and expected investment returns. Such simulations will establish a possible shortfall in assets and determine what savings will be required to meet the client’s goals.
The result of these analyses and simulations will be summarized in a written plan outlining how to go forward. This will address how existing assets and future savings will be invested and managed. Investment management can take many forms and will be tailored to the client’s individual situation. As an independent investment and risk advisor, not linked to any one financial institution, our recommendations will be completely objective and free from any conflict of interest.
Since our compensation is based on the amount of assets managed, there will be no pressure to increase trading volume or to recommend high-commission products. This independence allows GIRA to work with various financial providers; often building on established relationships the client has with banks, brokers, insurers, lawyers and accountants. While we have established service relationships offering attractive pricing schedules, which would be to the full benefit of the client, transfer of client business to these institutions will never be a condition of our work.
For those clients who like to be active at the steering wheel i.e. laptop computer to implement and monitor investments, we will watch over their shoulders, adding value with our recommendations and in sharing our experience. A relationship with GIRA will allow you, the client, to feel comfortable with all aspects of your financial affairs, keeping as much control as you wish, or delegating |
