What is financial planning?

Financial planning is the process of setting and achieving financial goals through the management of one's financial resources. It involves creating a plan that takes into account your income, expenses, assets, liabilities, taxes, and future financial needs and goals.

Why is financial planning important?

Financial planning is important because it helps individuals and families achieve their long-term financial goals, such as saving for retirement, buying a home, or funding a child's education. A comprehensive financial plan can also help you manage risk and minimize taxes, while ensuring that you have enough income to support your lifestyle.

Who needs financial planning?

Everyone can benefit from financial planning, regardless of their age or income level. Whether you are just starting your career or are approaching retirement, financial planning can help you make the most of your financial resources and achieve your goals.

How do I choose a financial planner?

When choosing a financial planner, it is important to consider their qualifications, experience, and areas of expertise. Look for a planner with experience working with clients in similar financial situations.

What should I expect during a financial planning session?

During a financial planning session, you can expect to discuss your financial goals and objectives, as well as your current financial situation. Your planner will help you create a plan to achieve your goals, and may recommend specific investment products or other financial tools to help you reach those goals.

How much does financial planning cost?

At WC, we offer personalised financial planning services that cater to your unique needs. Our fees depend on the complexity of your financial situation and the services you require. We are transparent with our fee structure and will provide you with a fee schedule before engaging our services. For further information please refer to our One-off and Ongoing advice options. We believe in providing value for our clients and helping them achieve their financial goals. Contact us today to learn more.

How often should I review my financial plan?

Your financial plan should be reviewed at least annually or whenever your financial circumstances change significantly. It is important to review your plan regularly to ensure that you are on track to achieve your goals and to make any necessary adjustments as your needs and circumstances change.