Our desire is to help you make the most of your wealth and opportunities in life, by offering sound investment strategies to help you and your family build a solid, robust and maximised financial foundation.
What to expect when you see a financial planner
Step 1 -
An initial consultation that allows you and the financial planner to find out about each other. This initial consultation is free.
Step 2 -
The financial planner will collect all the information they need from you (sometimes called "fact finding").
Step 3 -
They will help you identify your goals and current financial position. This is normally done at the same time as the
"fact find".
Step 4 -
They will discuss the recommendations with you and make sure you are comfortable and agree with them.
Step 5 -
They will implement the agreed recommendations.
Step 6 -
They will periodically help you review your objectives, financial situation and needs.
What will you receive.
A Financial Services Guide, which outlines who the planner is, what they can advise on and how they are paid.
A written Statement of Advice that outlines the relevant information that you have provided, the advice you have been given, why the advice is suitable for you and how the financial planner gets paid and any other benefits they may receive.
A Product Disclosure Statement - if your financial planner recommends a financial product. The Product Disclosure Statement gives you information about the product features, fees that apply, any adviser commission, benefits and risks of investing and what to do if you have a complaint.
How much will it cost.
The excerpt below from the Australian Securities and Investments Commission website provides a good explanation of how financial planners charge.
"Many advisers get paid through commissions on investments they recommend. The law allows this, as long as you know about it. Only a few advisers charge simply by the hour, but you may be able to negotiate this arrangement. Most charge a combination of fees and commissions."
What should I bring with me?
To make the most of your visit to a financial planner, you can prepare and
take some things with you. Take along details of:
