Foundational Work
At Hill Private Wealth, we understand that your finances can become complex, leaving you feeling unsure about making the best decisions for yourself. We specialise in providing professional financial advice to individuals who need it most.
Our foundational work process is a tool to guide us in the right direction. We always prioritize what is most urgent for you. Our foundational work typically takes three to six weeks, but we will adjust it to suit your specific needs.
Step 1
Our first step is to ensure that we are the right fit for you. During our initial communication, we'll take the time to deepen, enrich, and clarify your ideal vision for your life, as well as discuss your expectations for our partnership. We want to ensure that we start our relationship off on the right foot.
We also spend time exploring what you want your life to look like in the next few months to a couple of years, as this helps us understand the "why" behind your financial decisions. Then, we'll help you gather all the necessary financial information to better understand your situation. We'll work with you to organize this information, ensuring that you walk away knowing where all your financial information is located.
Step 2
Our second step is organising a formal Discovery meeting, where we dive into the brass-tacks of your financial obstacles and cash flow. We help you identify any obstacles that are preventing you from reaching your financial goals and work with you to develop a specific framework to overcome them. We'll also get a clear understanding of your income and expenses, which is essential in making decisions about spending, saving, and funding your goals. We present a consolidated overview of your total financial picture. We structure this meeting around managing risks and planning for opportunities and help you identify what actions to take in your financial life right now. We also do long term modelling to show you that seemingly impossible financial goals can be achieved. We'll discuss investments, including stock compensation. You'll walk away with a clear understanding of how we propose to invest your money..
Step 3
Our third follow up meeting covers implementing our recommendation, and anything we may have missed and requires dedicated time. We can discuss spending reviews, insurance, estate planning, or go deeper into previous topics.
At Hill Private Wealth, we understand that your financial journey is ongoing. That's why we transition to ongoing care after our foundational work is complete. Our meetings are tailored to suit your specific needs and help you make informed financial decisions for years to come.
As your life changes, your financial needs and questions will change as well. That's why we view financial planning as a partnership between you and your adviser. We provide ongoing client care and hold Review Meetings each year to update your plan and ensure that it remains aligned with your goals and objectives.
Our comprehensive financial planning service model is based on three essential principles: Comprehensive planning, Partnership in planning and Investment management.
Our service is an iterative process that becomes more valuable over time. We begin by examining the big picture. Then, we delve deeper into each financial area and develop a customized action plan. We work together to implement the plan.
Ongoing Care
We recognise that your financial life is interconnected, and that any decision made in one area can affect other areas. Therefore, our service is comprehensive and takes into account all relevant financial areas.
Comprehensive planning
Partnership in planning
We believe that planning is a collaborative process, and we strive to create an ongoing partnership with our clients. As life changes, we work together to adapt the plan accordingly and build the capacity to face the unexpected.
We understand that investment management is a critical part of financial planning. As part of your overall plan, we develop an investment strategy that suits your needs and goals, and we monitor and maintain your investment portfolio.