The 'Advice Pathway'

Monitor Money’s ‘Advice Pathway’ is a defined 7-step journey to achieving your financial goals.

Having a rigorous and consistent approach means nothing is overlooked (we plan for every eventuality). It also means you can be confident about another Monitor Money adviser’s ability to step in and support you, should the need arise.

This journey leads to the creation, implementation and ongoing management of a unique financial plan, tailored to suit your needs.

Your high level needs are identified and reviewed. At this stage we agree on whether you will take the next step along the pathway.

Here we collect detailed information, which forms the basis of our advice. This includes collecting personal and financial data, further identifying your goals (as well as any obstacles) and determining your attitude towards investment risk.

Your personalised Statement of Advice (or strategic financial plan) is presented and discussed. Our recommendations are based on a comprehensive analysis of your current situation, your goals and the options available to bridge any gap. At this stage we agree on whether to take the next step and implement these recommendations.

We obtain, review, explain and prepare the necessary legal and administrative documentation.

We put our recommendations into action via a range of activities, including sending the completed documents to the appropriate parties, monitoring their progress and communicating outcomes.

We offer to work with you (at least annually) to ensure your strategic financial plan remains appropriate to your changing circumstances and objectives. A typical review will include a re-examination of your personal and financial position and a review of the recommendations we’ve implemented to make sure they still suit your needs.

We provide a range of services designed to help you understand your investments, how they change over time and how to keep your financial plan on track. This reflects your need for ongoing financial guidance and support, and enables us to comply with our strict ethical and legal obligations.