We at First Capital consider Financial Planning the intricate process of:

Setting realistic and achievable lifestyle goals,
Managing your current and foreseeable finances to help you achieve them, and
Regularly reviewing your situation and your goals.

Often referred to as ‘lifestyle planning,’ this cyclic process is an invaluable part of preparing for retirement, being ready for future costs & expenditures, and ensuring you and your family are financially secure should anything unexpected happen. Financial planning is conducted by a professional called a financial planner or adviser.

The key to Financial Planning is the integrates many financial disciplines to produce a comprehensive and customised plan, this includes:

1. Collect and record all relevant personal financial details
2. Design and establish realistic financial goals
3. Analyse and define your personal financial details
4. Research and develop strategies and options
5. Prepare a detailed written plan called the Statement of Advice
6. explain, discuss and implement recommendations
7. and most importantly, the ongoing review and maintenance.


The Role of a Financial Planner or Adviser

A Financial Planner or Financial Adviser (adviser) is a qualified representative of a licensed financial entity. In order to legally offer advice, an adviser must have completed the necessary studies to meet federal compliance requirements – and additional studies depending on the type of advice offered.

Our team of qualified, experienced and well-informed advisers are authorised to offer advice to achieve the following:

Help people save money
Protect against risk
Manage debts
Grow assets
Reduce tax liabilities
Plan for retirement
Identify entitlements to Government benefits
Plan inheritance for next generation

A financial adviser is legally required to put the client first. Their interest naturally comes before any employer, product, manufacturer, or self-interest.
When providing personal financial advice an adviser must take into account the individual client’s circumstances and goals. The advice may or may not involve the recommendation of a financial product.


“Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information on it.”
– Samuel Johnson
With the wealth of information available on the internet and in the media, many people may ask the question “Why do I need financial advice?” – indeed the growth of the Do-It-Yourself mindset has lead many people into a frenzied state of affairs.

The truth is that a single person cannot stay at the forefront of every specialisation. The increasing complexity of regulation and commerce has made it imperative to seek the advice of experienced professionals in any field, such as law, medicine, and finance. Regardless of the cost, good financial advice is priceless in terms of medium to long-term wealth, and provides you with refined expertise as opposed to a hobbyist’s research or the advice of a friend. Good advice saves you time and money.

Your Financial Planner can assist you to plan for a wide variety of issues including:

managing your cashflow
protecting your income
borrowing to buy a home
saving for retirement
saving for something special
getting control of your debt
generating extra income
investing to build up a lump sum
dealing with redundancy
investing an inheritance
protecting your assets
dealing with social security
estate planning
Your Financial Planner will review your total financial status and offer advice about what might make your assets work for you in the best way, taking into consideration your income, goals, objectives and attitude towards financial risk. The earlier you take steps to develop a financial plan the more likely you will achieve your financial goals.