FINANCIAL ADVICE


Finding the right Financial Adviser can be a complex and difficult project to pursue and then there is the implementation of that advice. What do you look for in a Financial Adviser and what does it entail?

What to look for?

  • Only deal with a licensed advisory business.
  • Ask them what qualifications do they hold – Tertiary degree and at the very least a Diploma of financial planning.
  • Ask if they are owned by a financial institution and make sure they are licensed to provide advice on all products.

Financial Advice is all about Financial Certainty. I can tell you quite clearly, what it’s not, is about financial products. Having a Financial adviser that provides advice on strategy is what delivers Financial Certainty.

In fact, by not having a financial adviser will only lead to greater uncertainty. You need to be very clear that when you seek advice that you should only pay for the strategy that gets you to your Final objective, and don’t pay for financial product and expensive platforms that hold your investments.

FINANCIAL PLANNING PROCESS


When you work with an adviser, you write down your financial objectives and revise these goals regularly to stay on track. This is a plan. Most people think by saying that they want to work less hours or holiday overseas each year is a goal – this isn’t a goal, it’s merely a direction.

Saying you want to retire at 64 years of age, and live on $105,000 per year, indexed year until death is a goal. Every client is different; here is a typical process you will be engaged to follow if we agree to work together.

  • First meeting – client describes what they are trying to achieve.
  • Second meeting – Prior to any advice provided, the Adviser sends an Engagement letter defining the needs of the advice required and sets forth a program for the Client to approve.
  • Assuming both parties engage, a client undertakes completing a Fact Find/Client profile (i.e. collecting personal data)
  • Third meeting – SoA is presented, clear objectives are stated and the Implementation commences.
get in touch

Smart Advice for a Changing World

Most financial or investment mistakes are driven by emotional errors, not by a calculated one. It’s important to know that we all have different investment wiring and therefore we acknowledge that every person and conversation is going to be different. Understanding your situation is central to everything we do.