The Wealth Management Journey
At SchonbergTrust we see wealth management as a life-long journey.
We like to compare it with crossing a bridge. The road across represents the journey and the support structures of the bridge, the solutions that SchonbergTrust implements as part of the planning process.
When clients engage with SchonbergTrust, we accompany them every step of the way by empowering them with all the necessary solutions. We ensure that their wealth management journey is a successful one that can withstand the uncertainties that come their way.
The various elements of Professional Financial Planning and advice should never be viewed in isolation, since these elements are influenced by one another. We view financial planning in a holistic way, and we understand that all these elements are linked, which means that we provide solutions that are tailor-made for our clients.
As a Wealth Management Company, SBT believes in building long term relationships with our clients. We do this by not only providing and implementing thorough and relevant advice to them, but also by providing excellent service. The success of wealth management depends on the maintenance of a lifelong relationship with a client, and also on the implementation of the correct wealth management advice solutions at any given time in his life. SBT has highly skilled advisers who make use of the latest technology and financial planning systems, which means that we are able to assist clients from all walks of life in their wealth building journey.
We are members of the Financial Planning Institute (FPI) and as such we subscribe to their Code of Ethics and Professional Responsibility, as well as the Professional Standards pledge. The FPI prescribes Six Steps to Professional Financial Planning.
These are as follows:
These six steps out line our own process, but added to that, our client-centric focus sets us apart from our competition. Our philosophy combines this Six Step process with a total client commitment, which ensures that we offer the best possible solution.
1. Establish and define the relationship with the client
1.1 Inform the client about the financial planning process and the competencies of the
1.2 Determine whether the financial planner is in a position to meet the needs of the client.
1.3 Define the scope of the engagement.
2. Collect the client's information
2.1 Identify the client's personal and financial objectives, needs and priorities.
2.2 Collect quantitative information and documents.
2.3 Collect qualitative information.
3. Analyse and assess the client's financial status
3.1 Analyse the client's information.
3.2 Assess the client's objectives, needs and priorities.
4. Develop the financial planning recommendations and present them to the client
4.1 Identify and evaluate financial planning strategies.
4.2 Develop the financial planning recommendations.
4.3 Present the financial planning recommendations to the client.
5. Implement the client's financial planning recommendations
5.1 Agree and implementation responsibilities.
5.2 Identify and present products and services for implementation.
6. Review the client's situation
6.1 Agree on responsibilities and terms of review of the client's situation.
6.2 Review and re-evaluate the client's situation.