Our Process
Wealthcorp's 'Situation - Strategy - Service' is a three stage consultative process that has you fully involved at each stage. Because this process is all about you, it allows you to refine and to prioritise your goals, to clearly understand the strategy considerations and to know that our advice is tailored to you. This process allows you to take ownership of the outcome and to become educated about your financial affairs so that you are able to take control. We pride ourselves on our dedication to helping you achieve your goals.
Situation Analysis
Gaining an in depth understanding of your financial position, goals and aspirations is fundamental to our process. We therefore ask you to complete our Personal Information Profile document to provide us with this information. Understanding your cashflow and your real cost of living is also essential to a successful outcome.
For this reason we request you complete our Cashflow Information Schedule. We then review and analyse with you the information contained in both documents. We listen carefully to you to make sure that we have a comprehensive understanding of your financial position and of your goals. We also acknowledge the strategies that have made you successful to date. We then construct an Initial Financial Model (IFM) that details your current financial position.
Strategy Development.
Using the IFM as the 'base case' scenario, we get together with you for a series of working meetings to progressively develop appropriate financial strategies to enhance your financial outcome. We create financial models to reflect the effect of these strategies on your overall financial position. At each meeting we present to you the revised financial model and compare the new outcome to the IFM. This allows you to see clearly the financial effect of each suggested strategy.
The aim of this process is to produce the Ultimate Outcome Model (UOM). The UOM reflects the strategies that produce the best financial outcome and it provides the mechanism for you to achieve your goals and aspirations.
Service Implementation.
The strategies that are reflected in your UOM are comprehensively dealt with by us in your personalised written Statement of Advice (SOA). The SOA clearly explains on a step by step basis how you will achieve your goals by implementing our strategy recommendations. The SOA also details our recommended investment products that form part of our services offering. You will find full a complete list of the areas in which we provide advice under 'Our Areas of Strategic Advice'.
As part of our comprehensive service to you, we implement the recommended strategies contained in your SOA. When finalised, we meet with you to confirm that the implementation is complete and that you are moving towards ensuring that the UOM becomes a reality.
We understand that personal circumstances, governing laws and financial markets change frequently. Accordingly, on a regular ongoing basis we meet with you to make sure that the strategies and the recommendations contained in the UOM continue to remain relevant to your present circumstances and that you remain on track to achieve your goals.