what is lifestyle planning?

what is lifestyle planning?

The lifestyle financial planning process consists of six steps that help you take a big-picture look at where you are financially

The process involves:

gathering relevant financial information

setting your life objectives - your lifestyle goals, return expectations, time horizon and risk tolerance

examining your current financial status and providing a lifetime cashflow forecast

developing a strategy of how to meet your objectives, quantifying problems, assessing solutions and prioritising action

implementing a plan - mentoring and project managing it to completion

regular reviews and an on-going wealth management service