Depending on what we agree together, you will either be sent the report for you to review or we will arrange to meet again and discuss its contents. The report will comprehensively outline your current position and will detail our professional observations in each area.
By examining these observations against your stated objectives, we will recommend the actions we believe will, if followed, reduce the barriers to your objectives, minimise any risks we have identified and maximise the opportunities for achieving your goals. These action points may cover various time horizons (immediate implementations and considerations for the future) dependent on any known or foreseeable events.
The report will also contain the supporting information behind the recommendation including where applicable, illustrations and product brochures (including key features documents). Should you have any questions on any of the elements of the report please do ask as it is important you understand the reasons for the recommendations and how the recommended product(s), if applicable, works.
The costs associated with our recommendation(s) will also be made clear in the report for you. The charges/fees will be VAT exempt unless the work we provide for you only involves advice and/or preparing a report, in which case VAT will be applicable. In either circumstance we will advise you before we undertake any work for you. Where applicable we will enclose our invoice with the report, for the fee agreed which requires settlement within 30 days.
The second meeting will typically last between one and two hours, depending on the complexity of your situation. You may wish to include other parties such as spouse, children or other professional advisers.
If subsequent meetings are required these will be discussed and agreed. Where this is not necessary, when we have received your instructions, generally a completed application form and payment, these will be forwarded to the relevant provider(s). Details of any transactions undertaken through Acorn Financial Planning Ltd will be recorded on our back office system.
Generally speaking it will be agreed at this stage what ongoing service we will be providing to you and what this will include. We will also agree what the charges are for providing this service and again whether they will be VAT exempt. The charges/fees will be VAT exempt unless the work we provide for you only involves advice and/or preparing a report, in which case VAT will be applicable. In either circumstance we will advise you before we undertake any work for you.