Financial Planning is the process of determining whether your current income is sufficient to:

• Meet your current needs, including day to day expenditure and potential ‘rainy day’ requirements
• Provide for your future, both immediate and in the longer term (such as when you retire).

Proper financial planning must be a bespoke exercise. That is, it must be absolutely dependent on the circumstances of the individual and unique to them. There is no value in the type of band, generic reports generated by most banks and advisory firms.

Too often, people who look for financial advice receive a type of plan that does nothing more than oblige them to spend money on products rather than focusing on their needs. This is especially the case in instances where the plan is given out for free.

Ultimately, if an advisor can only be paid if their client buys a product, then it can hardly be unexpected if that this is the type of advice they give.

At Curran Financial Services, our philosophy is that the only true advice is that which is fee based. When the relationship between advisor and client is one that does not depend on commission or other sales based remuneration, it instead becomes one based on client needs and financial planning service. This is approach we take.