Financial Planning

What is Financial Planning?

Financial planning is the process of meeting your life goals through the proper management of your finances. At Wealthwise, we offer client focused financial planning for Individuals, Business Owners and Professionals. We provide Insightful, Professional advice to our clients to help them achieve their Financial Goals. We use an established Financial Planning process, as described by the international CFP® Board.

This 6 step process helps you take a “big picture” look at where you are financially, where you are now, what you may need in the future and what you must do to reach your goals.

  1. Establish the relationship with the client, inform the client about the financial planning process and the nature of financial planning engagements.

  2. Identify the clients Personal and Financial Objective, needs and priorities. Collect all relevant Qualitative and Quantitative information from the client.

  3. Asses the clients Financial situation, Analyse the strengths and weaknesses of the clients current financial situation and compare them to the clients objectives, needs and priorities.

  4. Develop the Financial Planning Recommendations and present them to the client

  5. Implement the client’s financial planning recommendations. Identify appropriate financial products or services that are suitable to the client’s financial situation and reasonably address their needs, objectives and priorities.

  6. Review the client’s situation on an ongoing basis. Financial planning is a Dynamic process and may require updates due to changes in a client’s personal or economic circumstances.

Retirement Planning

Everyone’s retirement plans, needs and ambitions are different. Therefore there is a broad range of pension options which we will help you to make sense of. Each option is designed to help make your retirement planning as straight forward, effective and financially rewarding as possible.


Protection should be the foundation of any good financial plan. Ensuring that your income is protected and that your family have the security of a replacement income in the event of death, illness or disability.

Portfolio Management

Portfolio management is the creation and maintenance of a Portfolio of investment assets. The aim is to manage risk and return in response to your changing needs and market conditions.

Tax Planning

Identifying opportunities where tax savings can be made, to ensure efficient tax planning, such as EIIS Scheme and pension planning.

Estate & Succession Planning

It is important to have a plan in place to ensure that your estate is passed to the people you want, in a tax effective and efficient manner. Changes in legislation mean that the thresholds for gifts are constantly changing and the potential tax payable on these gifts has increased. At Wealthwise, we provide you with expert advice and work with external tax or legal specialists in dealing with more complex estate planning issues.

Making a Will

One of the biggest financial planning mistakes many people make is not having a will. If you do not have a will, on your death, your assets will be distributed under Intestacy laws based on the 1965 Succession Act. This can cause problems, delays and additional costs for the surviving spouse.