Seeing a financial adviser is a great way to achieve your financial goals. That doesn’t mean it’s not intimidating.
It’s important to be comfortable; that starts with understanding the process from start to finish. There is a lot to take in, but knowing what to expect can help you make the most of your experience.
To help you achieve your financial goals, we first need to get to know you.
Knowing how much your advice will cost up-front can remove a lot of stress from the entire process. We provide a no-obligation quote for all work before you agree to proceed.
Our advisers receive no commissions or ongoing fees for the products and services they recommend, so you can know how much your advice is going to cost you and that it’s in your best interests.
Let’s take a look at the process.
Stage 1: Before your meeting
Getting the best recommendations means that your adviser needs to know as much as possible about your financial situation. This includes your income, assets, debts and obligations.
This can be overwhelming however the more you provide up front, the smoother the rest of the process will be.
We’ll provide you with our Needs Analysis Guide, a comprehensive summary of your finances, including income sources, investments and goals. You will need to complete Part A and the expense calculator.
You’ll need to return this at least one week before your appointment to give us time to review your documents.
It will take some time (at least 20 minutes) to complete the Needs Analysis Guide, so don’t put it off. Not sure about a section or have an answer? Your adviser can help you with the process.
Things to prepare:
- Complete Needs Analysis Guide Part A
- Complete Expense Calculator
Stage 2: On the day of your meeting
Remember, we want you to achieve your financial goals as much as you do. There is nothing to be ashamed or nervous about! Being open and honest will help us to help you!
We’ll spend time reviewing your financial details to determine the appropriate advice for your situation, needs and goals.
Please bring along any financial documentation that you think might be relevant, as well as Part B of the Needs Analysis Guide. Some suggestions are listed below.
Things to bring:
- Completed Needs Analysis Guide Part A and Expenses
- Income stream and/or any allocated pension statements
- Centrelink schedules from your pension provider
- A copy of your most recent tax returns
- Any Centrelink statements, such as Income and Assets. (Request this from your Centrelink office.)
- Investment details including bank statements, superannuation accounts, term deposits, shares, investment property details and shares and managed funds
- Details about all debts including home, car, investment and personal loans; credit card debts; and personal guarantees
- Insurance details, such as life insurance, income protection and trauma insurance policies.
Stage 3: After your first meeting – proceeding with advice
Your adviser will spend time reviewing your situation and will provide recommendations to help you achieve your goals.
We’ll put all of our findings and recommendations into a Statement of Advice, a document that serves as a roadmap for your financial future.
Stage 4: Your second meeting
At your second meeting, you and your adviser will sit together to go through all of the recommendations and answer questions about how you should proceed.
The Statement of Advice contains details of how to execute the recommendations of your adviser.
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