As a qualified Financial Adviser for many years, I have been helping his clients achieve Financial Independence and Wealth goals through honest, accurate and strategic Advice. It’s important to truly listen to and understand my clients needs and deliver results. I often get asked from friends and family what I do and what the financial advice process looks like. In this article, I hope to explain this in layman terms to help make what a Financal Advisor does to help clients work towards their financial goals.
Many people associate financial planning with retirement, but while retirement is an essential part of building wealth, it is only one of the factors to consider as you begin your journey towards a confident and secure future.
Our skilled financial advisers can assist you in identifying and shaping your goals, uncovering hidden financial possibilities, carefully explaining complex tactics, and weighing your alternative.
Our goal is to gain a full picture of your financial situation, including your job, lifestyle, family, and financial obligations. This, together with learning about your financial goals and risk tolerance, will help us establish the best strategy for you. If you want to proceed, we’ll need you to sign a form and pay a charge for the initial strategic work.
We’ll be able to develop a customised strategy after we’ve assessed your position and ambitions. We’ll talk over how each part of the plan will help you reach your objectives, and we’ll make sure any questions you have are answered before we start. Your proposal will then be formalised in a Statement of Advice. This section explains all parts of the plan and its objectives, as well as any fees or commissions that may be due if you choose to execute any of the recommended investments or suggestions.
Before you start, make sure you get all of your questions answered and that you understand
everything in your financial plan. We’ll start putting your strategy into action by setting up and maintaining the relevant investment accounts, insurance policies, and so on, when you’ve accepted the plan and are pleased with the techniques recommended. Various papers may be supplied to you as reference material or as notification of implementation at this point of the process.
We are also ready to give annual assessments of your financial plan if your financial or personal circumstances change. You have the option to choose. Account statements from the product providers will also be sent to you, detailing the value and performance of your assets. You will be sent a fee disclosure statement if you are charged an ongoing service cost.
Planning for your retirement
One of life’s most crucial financial issues is retirement planning. Your current behaviours will decide your lifestyle in the future.
Superannuation is one of the most tax-efficient long-term retirement savings vehicles, but keeping up with shifting laws and regulations may be tough. We can clarify the regulations and offer suggestions to help you get the most out of your retirement money.
Set your Goals
- Lifestyle goals
- Income / cashflow goals
- Expenditure goals
- Investments return goals
Choosing your retirement age
- When would you like to actually retire?
- The age pension age eligibility generally starts at age 67
Creating a plan
- Maximising your taxation planning
- Cashflow planning
- Unexpected costs flexibility
- Expected returns and investment strategy
- Creating financial stability and security for your retirement
Wealth Creation
Building wealth is about securing your financial future so you can focus on enjoying your current lifestyle. Choosing where and how to invest your money is a tough choice that is influenced by a number of factors, including your overall investing objectives, risk tolerance, and time frame.
We can assist you in defining your specific circumstances and recommending financial solutions and strategies to assist you in achieving your financial objectives.
It’s never too late to take charge of your finances, whether you’re investing to fund your business, lifestyle, private school, or retirement.
Writing out your goals has been shown to dramatically boost your chances of success in studies. We can assist you in setting objectives that are both reasonable and attainable.
Budgets are necessary for any successful business or organisation. However, we rarely do so with our own home income and expenses. Our wealth portal can assist you in keeping track of your home budget.
There are several possibilities for saving and investing in your own name. We can assist you in determining if investing in Australian or overseas shares, direct property, fixed income instruments, cash, or business assets is right for your situation and objectives.