ROI Financial planning provide the following services:

 

ROI.hk – Financial Planning Services

 

ROI.hk Financial Planning’s mission is to provide proactive unbiased financial guidance for locals and expats throughout our customer’s lives adapting to their personal circumstances.

Underpinning this mission are our 5 aims, simply put, to help clients:

  1. protect what they have got
  2. make them money
  3. save them money
  4. pay less tax
  5. achieve their goals in life

The financial planning process to achieve the above aims consists of 6 key steps in line with the guidelines laid down by the Institute of Financial Planners (IFP):

  1. Establish and define the client-planner relationship.
    The Financial Planner should clearly explain and document the services that he will provide to the client and define both his and the client’s responsibilities during the personal Financial Planning engagement. The personal Financial Planner should explain fully how he will be paid and by whom. Client and planner should agree on how long the professional relationship should last and on how decisions will be made.
  2. Gather client data, including goals.
    The Financial Planner should ask for information about the clients financial situation. Clients and planner should mutually define the client’s personal and financial goals, understand the time frame for results and discuss, if relevant, how the clients feel about risk. The Financial Planner should gather all the necessary documents before giving advice as needed.
  3. Analyse and evaluate financial status.
    The Financial Planner should analyse the clients information to assess their current situation and determine what they must do to meet their goals. Depending on what services clients have asked for, this could include analysing assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.
  4. Develop & present Financial Planning recommendations and/or alternatives.
    The Financial Planner should offer Financial Planning recommendations that address their clients’ goals, based on the information you provide. The planner should go over the recommendations with their clients to help them understand so that they can make informed decisions. The planner should also listen to clients’ concerns and revise the recommendations as appropriate.
  5. Implement the Financial Planning recommendations.
    The clients and the Financial Planner should agree on how the recommendations will be carried out. The planner may carry out the recommendations or serve as the clients’ coach, coordinating the process with them and other professionals such as solicitors, accountants or stockbrokers.
  6. Monitor the Financial Planning recommendations.
    The clients and the Financial Planner should agree on who will monitor progress towards the clients’ goals. If the planner is in charge of the process, he should report to the client periodically to review their situation and adjust the recommendations, if needed, as their lives change.