Steps We Take
We make the financial planning process clear and easy for you to understand and keep you informed along the way.
Your First Discovery Meeting
Your first discovery meeting is of no cost to you. It is an opportunity for you to meet with one of our Advisers to discuss what you hope to achieve that will require money, planning and advice.We need to understand your current situation to find out what's working and not working for you financially. We will also discuss any pressing concerns you may have.To ensure we get a thorough understanding of your circumstances, we ask a lot of questions. We want to identify what your basic needs are as well as explore your financial and lifestyle aspirations.Our role is to help you maximise the probability of achieving the things that are most important to you.
Your Engagement Meeting
Following our discovery meeting, we will develop a one page 'Advice Map' which captures our discussions, putting everything into perspective for you. We will also illustrate what we believe is the best financial path forward for you.Finally we will prepare a ‘Terms of Engagement' proposal that outlines the objectives we have discussed, our proposed approach and our engagement fees for an initial 12 month period. This is a fixed dollar fee based on the complexity of work required.We will meet again in about 2 weeks to present these documents to you. If you choose to work with us, we ask you to sign the 'Terms of Engagement' acceptance and we commence the preparation of your personal financial plan.It is at this time we collect 50% of our engagement fee.
Your Advice Preparation / Presentation
Now that you have chosen to work with us, we undertake a more detailed data collection to ensure we have thoroughly understood your current financial position. We use this information to prepare our comprehensive financial analysis and develop the recommended strategies to assist you in achieving your fundamental needs and personal aspirations.We then document our advice in your personal financial plan (called a Statement of Advice) and present this to you in our next meeting.We also orgainse and complete any paperwork required to implement your financial plan.
Your Advice Implementation
Our team completes all paperwork, coordinates and submits with the appropriate provider.
We follow up the financial institutions to ensure the efficient and timely implementation of our advice to you.
We keep you infomred of any progress and answer any questions along the way.
Our goal is to make this part of the advice process as simple and straightforward as possible for you.As required, we will also liaise with your other professional advisers, for example your accountant in relation to tax planning or your solicitor for estate planning.
Finally, we will confirm when all recommendations are in place.
Our Ongoing Relationship
After our first 12 months of working together, we will arrange a Progress Meeting with you. At this meeting we will discuss if there have been any changes to your basic needs or aspirations that now need to be incorporated into your financial plan.
We will asses how you are tracking towards achieving these goals and also discuss any new issues or changes that may have arisen over this period.We will prepare a new 'Terms of Engagement' proposal to explain the fees that will apply for the next 12 months. We expect that the level of ongoing services you need will change from year to year, so the fee quoted will be based on the complexity at that time.Over time there will inevitably be changes to your circumstances. Perhaps your financial and lifestyle goals may alter or Governments will will change legislation relating to tax, superannuation and social security. All of these events will have implications for your financial plan and we want to ensure the advice we provide remains appropriate to your needs.It is also important to review your investments on a regular basis and rebalance portfolios as required. This helps to ensure your investment approach continues to align with the level of risk that you are comfortable with and is structured to achieve the long-term return objectives previously agreed with you.Once again, our aim is to maximise the probability of your achieving the things that are most important to you.