Here at Lycetts, we need to get to know individuals to understand their financial objectives and priorities. In order to achieve this, we establish a personal investment advice process and review this on a regular basis.
Financial services is complex, so our aim is to make the process as simple and effective as possible to provide a value added service.
Adviser
Consultation & Recommendation
- Establish objectives and expectations
- Define adviser and Lycetts capabilities
- Agree terms of business and adviser charges
Adviser
Consultation & Recommendation
- Identify key facts (assets/income etc)
- Agree financial objectives and priorities
- Establish attitude to risk
Administrator
Consultation & Recommendation
- Collate information
- Obtain valuations
- Assess adequacy of existing plans
- Review risk profile and current investments
Administrator
Implementation
- Idenitify appropriate solutions
- Obtain quotations
- Detail assumptions made
- Confirm sustainability of proposal solutions
- Check compliance
Adviser
Implementation
- Deliver financial plan and recommendations
- Check assumptions and priorities
- Complete paperwork
- Agree servicing strategy
Administrator
Implementation
- Initiate application process
- Manage process to completion
- Update records
Administrator
Ongoing Advice & Service
- Review financial plan on agreed basis and prepare valuations
Adviser
Ongoing Advice & Service
- Ongoing advice, management and reviews
