What to Bring to Your First Meeting with a Financial Planner

Nothing beats the feeling of knowing you are looking after your financial future with a chartered financial planner. As you set off to meet your new financial planner for the first time, you can be sure you’re making a shrewd move.

Something you might be a little less sure of, however, is what exactly you should bring along to your first consultation. Here, our financial planners give you some tips on what to take to your first meeting.

  1. Personal contact information and passport

You may need to be contactable via phone, email and post depending on what services you require, so have all these details to hand. Bring a passport or other photo ID as proof of your identity and a utility bill or bank statement dated within the last 3 months to evidence your address.

  1. Pension statements

If you are going in to discuss pensions, it’s important to have your most recent pension statement with you, as well as any introductory material you received when joining the pension scheme. This will allow our financial planner to assess your current situation accurately.

  1. Investment statements

Just like pension statements, the most recent statements you received from any investments you have made will help your financial planner assess the state of your assets.

  1. Projected incomes and expenditures

Coming prepared with your current and expected incoming and outgoing figures is also a big help for the first meeting. This will allow your financial planner to get an understanding of your current situation – the first step to meeting any future financial goals. This may require a bit of research and investigation on your behalf before the meeting.

  1. Assets and liabilities

One of the more basic steps is to bring a list of the major assets you own. This can be anything from premium bonds to paintings. Equally important is to list your liabilities. Are you a guarantor for your child’s rental property, for example? This should be mentioned if making a plan for the future.

  1. Insurance information

Insurance policies form a large part of financial planning. This shouldn’t come as a surprise, since good financial planning involves preparing for rainy days. Here is one example of insurance being important: if one of your financial goals is to be able to pay off the mortgage on your family home, then having a life insurance policy will go a long way towards that being possible in the case of the death of you or your partner.

  1. A list of goals

This will usually be discussed before the first meeting, but by the time you have finished your first meetings with a financial planner, you should have a list of your financial objectives and strategies you and your planner have agreed to pursue to achieve them. Bringing some concrete ideas to the meeting is very important.

  1. Will

The current details of your will and its’ executor may also be useful if you are planning things like inheritance tax planning.

  1. Benefits of current employment

You may well have a workplace pension in addition to any private pension scheme you are part of. This information will be of use to your financial planner, but so will other employee benefits such as:

  • life assurance
  • critical illness
  • income protection

Having these details to hand will help you plan the correct strategies to meet your financial planning goals.

Want to own a second home before you retire? Or simply want to plan your retirement? Whatever your financial goals, make the first steps today by arranging a meeting with gpfm’s charter financial planners

Call 01992 500 261 or email enquiries@gpfm.co.uk to speak to our team today.

This article is for information only and must not be considered as financial advice. We always recommend that you seek independent financial advice before making any financial decisions.