Lifestyle Financial Plan first, financial products second

When we sit down with a potential client and their family for the first time there are a couple of important distinctions to be made on what service Metis Ireland can actually provide and how we can add value to them into the future.

Arguably the most critical of these distinctions is the difference between investment advice and financial planning.

It’s fair to say, the initial mindset of people who engage with us is framed around investment advice.

“When I go into this meeting I’m going to be bombarded with stats and figures of market returns, commentary on the latest Bloomberg or F.T headlines and then advised on what I should invest all of my money in because these guys have all the answers….”

If the above quote sounds familiar to you, or you have had to suffer a meeting like this, it means you have experienced what an investment advice relationship feels like….

Financial Planning is a very different experience and one which Metis Ireland pride ourselves on offering our customer base and their families.

The initial engagement of any lifestyle financial plan should be focused on you and your goals and objectives and not what is happening in the stock markets around the Globe.

A financial planner needs to understand your personal situation and what are the dreams you have for your future whilst also examining what are the major worries you have regarding your families’ finances. The key question can be surmised as;

“Are we going to be ok?”

A lifestyle financial plan, and more importantly, the entire planning process and ongoing service, should be able to answer this core, fundamental question for all clients.

Once we fully understand your personal goals and circumstances, whilst also aligning your existing financial assets and liabilities, we can then build you a truly bespoke financial plan which is built around YOUR LIFESTYLE.

The wealth management profession in Ireland has suffered for too long with the prior approach of putting financial products at the forefront of its offering and having any form of financial plan very much in the background.

In reality, how can any financial planner recommend you a “product” without truly understanding your personal circumstances?

At Metis Ireland the primary focus is on getting to know our clients and what they need. Any plan should always help answer that question of “Are we going to be ok?”

How about a new mindset anytime you meet someone who is offering you investment advice?

If it doesn’t align to your personal circumstances, or it doesn’t go someway to answering the fundamental question of “Are we going to be ok?”, well then maybe this meeting isn’t really offering any value to you after all…

If you would like to delve deeper in to your personalised financial plan at Metis Ireland. Please contact us to set up an initial call. It could be the first step for you to get your best return on life.

Paddy Andrews

Director – Private Clients

01 908 1500