"The financial planning process has been life changing for me. The whole financial planning process has been thorough, and has got me thinking differently about how I manage my money - which needed to happen!"
Our personal advice service works with you to understand and manage your finances over time. The goal is to create a plan which allows you to reach your personal goals, meet your day-to-day needs and create long-term financial security, independence, flexibility and resilience.
Perhaps your work, personal or financial situation have changed significantly. Or things are the same but you’re ready to overhaul them. We can help you set up your finances so that they work for you including:
- Identifying and working towards your financial goals
- Setting realistic expectations
- Getting value for money from your financial products
- Understanding the options available to you
- Establishing your financial security and independence
The Financial Advice Process
The Financial Advice Process
Financial Exploration and Discovery Process
The financial exploration and discovery process involves a series of meetings with your adviser. It is typically divided into three sessions.
FACTS AND FIGURES – Working together we build a picture of your current financial position including your income and expenses, assets and liabilities, taxation position. We seek what you already have in place regarding insurance, superannuation, wills, trusts, investments etc. We get to know who is dependent upon you now and potentially into the future.
GOALS AND FEELINGS – We ask you to share any explicit goals you have and identify your expectations and preferences for the future. We’ll talk through your history with money and seek to understand your hopes and fears, your current strengths and areas for development.
OPTIONS AND PRIORITIES – We’ll discuss the options available to you, identifying individual constraints and personal preferences. We’ll work with you to help prioritise your competing goals and create and map out which financial decisions should be worked on first.
This rigorous process allows us to explore your financial options through a number of different lenses and provides the basis for our advice to you.
Your Financial Blueprint – Detailed Analysis, Statement of Advice & Implementation
Based upon the themes, information and preferences uncovered during the exploration process we then proceed with a detailed analysis and advice process. We create a written report called a Statement of Advice which clearly outlines our recommendations to you and the reasons for those recommendations.
ANALYSIS & STRATEGY – We clearly outline the key elements of your personal and financial situation. We take you step-by-step through each of our recommendations, why they are in your best interests and what you can expect in the short and the long-term.
EDUCATION AND UNDERSTANDING – We take the time to ensure you have a solid grounding around those areas of your finances that are most important and relevant to you. We discuss with you important things you should know about your proposed financial arrangements including costs and any risk involved. We seek to answer any questions you may have around the options you are considering.
DECISION AND ACTION – When you have had the opportunity to digest the information and are comfortable with your initial decisions, we help you take action and implement the required changes to your finances.
Ongoing advice and Coaching
Life changes, as do investment markets and legislation. We’ll be there with you along the way to help you make the necessary adjustments.
ANNUAL REVIEW: Reviews are important to your financial plan. they allow us to check your progress towards your goals and update your strategies to account for changes. These session also help deepen your understanding of the financial world and to identify other opportunities to promote your financial security and independence.
COACHING: Many of our clients like to incorporate a regular coaching program as part of their ongoing service. Whether you are starting a new business, wanting to change direction or wanting to improve your relationship with your money through better budgeting our coaching service can help you reach your goals faster.
SUPPORT: Life is unpredictable so our ongoing client packages have an allocation of service time which you can use flexibly over the year as things crop up. Ongoing service time can be used to help answer question through the year, provide you with additional personal advice between review or liaise with other professionals such as your lawyer or accountant.