Lycetts Financial Services

We Know The Personal Investment Advice Process

Here at Lycetts, we need to get to know individuals to understand their financial objectives and priorities. In order to achieve this, we establish a personal investment advice process and review this on a regular basis.

Financial services is complex, so our aim is to make the process as simple and effective as possible to provide a value added service.

Adviser

Consultation & Recommendation

  • Establish objectives and expectations
  • Define adviser and Lycetts capabilities
  • Agree terms of business and adviser charges
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Adviser

Consultation & Recommendation

  • Identify key facts (assets/income etc)
  • Agree financial objectives and priorities
  • Establish attitude to risk
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Administrator

Consultation & Recommendation

  • Collate information
  • Obtain valuations
  • Assess adequacy of existing plans
  • Review risk profile and current investments
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Administrator

Implementation

  • Idenitify appropriate solutions
  • Obtain quotations
  • Detail assumptions made
  • Confirm sustainability of proposal solutions
  • Check compliance
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Adviser

Implementation

  • Deliver financial plan and recommendations
  • Check assumptions and priorities
  • Complete paperwork
  • Agree servicing strategy
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Administrator

Implementation

  • Initiate application process
  • Manage process to completion
  • Update records
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Administrator

Ongoing Advice & Service

  • Review financial plan on agreed basis and prepare valuations
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Adviser

Ongoing Advice & Service

  • Ongoing advice, management and reviews
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