Strategic Advice
The Matrix PASSPORT service is a strategic advice approach, designed to help you plan your financial journey to make sure you get to the destination you want to reach, and help you deal with any changes to your itinerary along the way.
What does PASSPORT stand for?
P hase or position – where are you now?
A spirations – where do you want to be and when?
S trategies - what are your choices?
S tructures – who and how to own assets?
P ortfolio and product – complete portfolio
O verall implementation – recommendations and actions to achieve your goals
R isk and expectation management
T racking – checking, reporting, review and adjustment
Strategic advice using the PASSPORT approach involves providing the following:
- A full review of your current situation showing whether you can reach your goals with your current plan;
- A report on how to reach key milestones such as repayment of mortgage, reaching desired retirement income levels, funding goals such as children’s education or renovations;
- Alternative strategies you may wish to consider which may improve your outcomes;
- A detailed cash flow breakdown so you can see the impact of various strategies on your everyday lifestyle;
- After your consideration, a detailed financial plan and statement of advice;
- Once agreed, implementation of your plan;
- Once implemented, ongoing monitoring of your progress;
- As things change in your life, further advice to help you make good decisions.
If you would like help to plan your finanical journey contact one of our advisers today.
