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Our advice process

Our advice process is designed to keep things simple and transparent. The following process reflects our approach to carrying out advice that will help address your financial planning needs.

Step 1: Establish and define the client-adviser relationship

We will clearly explain the services to be provided to you and define both our and your responsibilities. Our fees will be made crystal clear. We will agree on how we will work together and how decisions will be made.

Step 2: Understanding your requirements

We would gather all the relevant information about the financial and non-financial situation to fully comprehend your circumstances. We will mutually define the personal and financial goals, understand your time frame for results and discuss the appetite for investment risk. We will gather all the necessary information and documents prior to giving advice you need.

Step 3: Research and analysis

After fully understanding the requirements, we will undertake thorough independent analysis and research to devise a solution to the identified needs and objectives. We will research the types of product and provider that can help achieve the set objectives. We will review any existing investments and accounts you may have. Simply Ethical has a robust research system in place ensuring that the options are selected from the whole of the market, subject to Sharia and Ethical compliance.

Step 4: Develop and present recommendation

All possible options discovered through our research will be presented and thoroughly discussed. We will offer recommendations that address the stated goals, based on the information you provide. Our advisers will go over the recommendations with you to help you understand them so that you can make informed decisions. The adviser will also listen to your concerns and revise the recommendations as appropriate.

Step 5: Implement recommendation

We will proceed with the necessary administrative work to implement the solution agreed. The implementation process is closely monitored to ensure efficiency, timely execution, whilst remaining aligned to the set goals.

Step 6: Ongoing monitoring and support

The performance of recommended investment portfolio will be monitored on an ongoing basis and managed on an advisory or discretionary basis as agreed with you. We will make further recommendations if we feel it is necessary. Our intent in monitoring performance is to ensure that:

  • You continue to be on track to achieve the objectives, which meet your financial needs
  • Over a reasonable period the investments produce acceptable return in relation to risk
  • Each individual investment contributes to the portfolio as anticipated
  • The portfolio continues to feature an acceptable level of risk

You will have 24/7 online access to the portfolio account where you can monitor the investments’ performance.

An annual review will be conducted to reassess your requirements to ensure the investment strategy remains in line with the changing circumstances. We would also send annual valuations and regular market updates to keep you informed.

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