Financial planning is more than meeting with your Adviser and discussing your personal situation. It is a complete process which can put you on track to achieving your goals for the future.
The law requires that any personal advice you receive from us must be appropriate to your circumstances. While you have the right not to tell us personal information, if you don’t, the advice you receive may not be appropriate to your needs and your financial situation.
Our financial planning process is straightforward, simple and can be tailored to your needs. In our first meeting we discuss each step of the process with you, as below:
Meet & Greet
- Introduce our financial planning services
- Discuss our FSG
Understand Your Goals
- Talk about your goals and objectives for the future
- Understand your current situation
Analyse & Assess
- Review your objectives, financial situation and needs
- Determine what you need to do to achieve your goals and objectives
- Consider solutions or alternatives
- Prepare your financial plan
- Present your financial plan which includes our recommendations to help you achieve your goals
- Discuss our recommendations and assist you in making an informed decision
- Agree to proceed and implement the advice provided to get you moving toward achieving your goals
- Your financial plan should be reviewed at least annually or when your circumstances change
- Where relevant, you will be offered an appropriate ongoing service relevant to your circumstances
It is important to remember that you are in control and can decide whether to stop, change or continue at any stage of the process.
What you will receive
During the financial planning process we will give you:
- A Financial Services Guide, which outlines who we are, what we can advise on and how we are paid.
- A written Statement of Advice that outlines the relevant information that you have provided, the advice you have been given and why it is suitable for you (along with how we get paid and any other benefits we may receive).
- A Product Disclosure Statement – if we recommend 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.
Remember, it’s important to keep these documents in case you need them in the future.