Financial Planning Principles

PERSPECTIVE

Money and investing is often the first thing most financial planners will talk to you about. Instead, we believe that the center to any financial planning engagement starts with you – your dreams, your aspirations, the lifestyle you want to live and the legacy you want to leave behind.

At MyPlan, our planning principles are based on a sound intellectual framework that forms part of a systematic process designed to help achieve your financial goals. Implemented through the Adviceworx Lifestyle Wealth Design Programme™, our integrated financial planning approach is an ongoing holistic advice process that focuses on you, and your desired lifestyle objectives. Once we know your priorities, we model a strategy around your specific needs. Therefore, our lifestyle financial planning philosophy continuously follows these four steps:

The starting point is the understanding what your ideal lifestyle looks like. We will discuss your personal needs, wishes, your relationship with money, assets and investments – taking into account all of your dreams, goals and aspirations.

We will then discuss and evaluate your current assets and liabilities in an estate planning exercise to establish:

  • The liquidity in your estate upon death
  • The effects of all costs and taxes, such as CGT, Estate Duty, Income tax and VAT on your estate
  • The effect of your marital regime on your estate administration process
  • The suitability of your current will.