What is Risk Mitigation & Management
To ensure the endurance of your family’s wealth and security, we must ensure that your asset and risk management decisions are made with the complete understanding of, what you value and what you have at risk, and then how those risks can best be mitigated and managed.
THE DKFS SYSTEM
RISK IDENTIFICATION
The symmetry of the fact-find questioning, client needs and objectives and cash flow analysis = Risk discovery process. The diagnostic tool is specific to the organisation i.e. Family, Incorporated and SMSF.
Via the diagnostic process individual risks are identified particular to the specific organisation.
ASSURANCE & CERTAINTY
Introducing you to our trusted panel of specialists regarding the construction of wills, buy/sell agreements, shareholders ‘buyout’ and other business / personal needs to provide you of certainty.
CLAIMS MANAGEMENT
Claims management service in documented deliverables and value proposition.
RISK MITIGATION
The academic basis by which each individual risk is priced providing the client with an objective financial exposure amount for each identified risk and the organisation as a whole.
Development of the risk management strategy. The strategy must provide a mitigation for each risk identified. this is achieved via a process of risk transference and risk retention resulting in production and delivery of the ‘Risk’ Strategy Document.
Creation of the SOA reaffirmation of the retention strategy and implementation of the transfer strategy and product placement.
AUDITING & REVIEW
Recreating the first four steps of this process. Identifying any surplus amounts which can be offset against any retained risks. Recreate and deliver the updated ‘Risk Strategy Document.
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