Smart Financial Planning

Financial advice is beneficial for anyone looking to manage their finances effectively, achieve specific goals, or navigate complex financial situations. Here’s a breakdown of who may benefit most:

Individuals Facing Major Life Changes

• Marriage or Divorce: To manage combined finances, plan for joint goals, or navigate a financial separation.
• Starting a Family: To budget for childcare, education savings, and family expenses.
• Buying a Home: For mortgage planning, affordability analysis, and long-term financial impact.
• Inheritance or Windfalls: To manage sudden wealth responsibly and tax-efficiently.
• Retirement: To ensure you have a secure retirement plan and make the most of your pension options.

People Planning for the Future

• Retirement Planning: If you want to ensure you’re saving enough and investing appropriately for retirement.
• Education Costs: For parents or guardians saving for children’s education.
• Estate Planning: To ensure assets are distributed according to your wishes and in a tax-efficient way.

Business Owners and Self-Employed Individuals

• Tax Efficiency: To navigate business and personal tax planning.
• Retirement Planning: To set up tax-efficient pensions, such as personal retirement plans or self-administered pensions.
• Wealth Management: To handle income variability and long-term financial security.

High Earners

• To optimize tax savings and ensure wealth is managed efficiently.
• To diversify investments and plan for generational wealth transfer.

People in Financial Difficulty

• Budgeting Support: To regain control of finances and start saving.

Anyone Navigating Complex Financial Products

• Pensions: To choose the right type and maximise contributions and benefits.
• Insurance: To understand coverage needs and avoid overpaying.
• Loans and Mortgages: To secure the best terms and understand the long-term impact.

People Concerned About Risk

• If you’re unsure how much risk to take in investments or want to protect your assets from unforeseen events (e.g., job loss, market downturns).

Families Planning Wealth Transfer

• To set up trusts, wills, or tax-efficient inheritance plans.

People Seeking Peace of Mind

• If you want confidence that your financial decisions are sound and aligned with your goals.

How to Decide If You Need Financial Advice

• If your financial situation feels overwhelming or unclear.
• If you have financial goals but are unsure how to achieve them.
• If you’re facing decisions with long-term implications, such as retirement or investments.

Financial advice is for everyone at different stages of life, not just for the wealthy. It provides clarity, confidence, and strategies to manage your money wisely and plan for the future effectively.

Initial Consultation:

• We look to understand your financial situation, goals, and concerns.
• One of our advisors will ask questions about your income, expenses, savings, debts, and investments.
• You’ll discuss your short-term and long-term goals, such as retirement planning, buying a home, or paying off debt.

Financial Assessment

• This is to evaluate your current financial health.
• One of our advisors analyses your financial documents, including bank statements, savings & investments, debts, and pension plans.

Strategy Development & Recommendations

• We created tailored strategies, such as investment plans, tax-saving methods, or insurance coverage.
• This is to build a roadmap for achieving financial goals.

Plans Implanted or Policies Setup

• Your advisor assists with setting up investments, pension plans, or insurance policies.
• You will be provided with budgets and finance packs.

Ongoing Monitoring & Adjustments

• We periodically monitor your plan to make sure it stays on track.
• We may make recommendations to adapt to changes in your life.

Communication & Support

• We provide ongoing advice and address any financial concerns.
• We are always available to answer questions and provide clarity on financial decisions.

Other fees and charges are broken down below:

• Flat Fee: In all cases of flat fees you will be provided with a proposal document that outlines fee, payment terms and other terms and conditions prior to work commencing.
• Commission-Based: Advisors earn a commission on the products they sell (e.g., insurance or investments).
• More information can be found on our remuneration page. https://greenwayfinancialadvisors.ie/our-remuneration/ and https://greenwayfinancialadvisors.ie/terms-of-business/