Our Financial Planning Process
It is important that you understand the financial planning process and below we outline these steps for you;
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Step 1 - Initial Appointment
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Step 2 - Create your Strategy
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Step 3 - Present your Strategy
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Step 4 - Implementation
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Initial Appointment.
In the initial stages of the advice process your Adviser will work with you to define your financial goals and objectives, and gather relevant information required to provide you with appropriate advice.
Your Adviser will generally collect relevant information within a Fact Find and file notes. You can expect
to be asked questions related to your income, expenses, assets, liabilities, insurances and superannuation.
It is important that you provide accurate information and keep your Adviser informed of any changes to your relevant circumstances.
A declaration section is included to enable you to consent to your personal information being collected and stored.
Please refer to the ‘Privacy’ section for more information on how we manage your privacy.
Where your goals relate to investment or superannuation advice your Adviser will also work with you to define your level of risk tolerance.
A Risk Profile Questionnaire is generally used to document and agree upon your level of risk tolerance.
Your Adviser will also use an engagement document to define the arrangement with you, and fees that may apply. Please refer to the ‘Fees’ section for more information.
Your Adviser will also need to verify your identity to comply with Anti-Money Laundering and Counter Terrorism Financing laws
Your Adviser will generally collect relevant information within a Fact Find and file notes. You can expect
to be asked questions related to your income, expenses, assets, liabilities, insurances and superannuation.
It is important that you provide accurate information and keep your Adviser informed of any changes to your relevant circumstances.
A declaration section is included to enable you to consent to your personal information being collected and stored.
Please refer to the ‘Privacy’ section for more information on how we manage your privacy.
Where your goals relate to investment or superannuation advice your Adviser will also work with you to define your level of risk tolerance.
A Risk Profile Questionnaire is generally used to document and agree upon your level of risk tolerance.
Your Adviser will also use an engagement document to define the arrangement with you, and fees that may apply. Please refer to the ‘Fees’ section for more information.
Your Adviser will also need to verify your identity to comply with Anti-Money Laundering and Counter Terrorism Financing laws
Create your Strategy
After obtaining relevant information, your Adviser will conduct research and develop a strategy to assist you to meet your goals and objectives.
The strategy is typically developed using specialised financial planning software.
The strategy is typically developed using specialised financial planning software.
Present your Strategy
Where personal financial product advice is being provided, the strategy will be documented in a Statement of Advice.
The Statement of Advice will include the basis of the advice, explanation of strategies and products recommended and relevant disclosures including costs of advice and products.
The Statement of Advice includes an authority to proceed section where you can consent to proceed with the recommendations.
Where a financial product has been recommended, you will generally be provided with a copy of the relevant Product Disclosure
Statement (PDS). The PDS includes detailed information on the financial product including features, benefits, conditions, costs and cooling-off rights (if applicable).
The Statement of Advice will include the basis of the advice, explanation of strategies and products recommended and relevant disclosures including costs of advice and products.
The Statement of Advice includes an authority to proceed section where you can consent to proceed with the recommendations.
Where a financial product has been recommended, you will generally be provided with a copy of the relevant Product Disclosure
Statement (PDS). The PDS includes detailed information on the financial product including features, benefits, conditions, costs and cooling-off rights (if applicable).
Implementation
Where you elect to proceed with the recommendations your Adviser will work with you to implement the strategy.
This may include liaising with various insurance, superannuation or investment product issuers.
Where the recommendations include the purchase of a new financial product, your Adviser will work with you to complete the relevant Product Forms.
This may be online or paper based.
Where the recommendations include the purchase of an insurance policy, you may also need to complete a Health Questionnaire.
This could be online, paper-based or over the phone.
It is important to disclose any health or personal matters truthfully. Failure to disclose certain matters may result in a claim being denied.
This may include liaising with various insurance, superannuation or investment product issuers.
Where the recommendations include the purchase of a new financial product, your Adviser will work with you to complete the relevant Product Forms.
This may be online or paper based.
Where the recommendations include the purchase of an insurance policy, you may also need to complete a Health Questionnaire.
This could be online, paper-based or over the phone.
It is important to disclose any health or personal matters truthfully. Failure to disclose certain matters may result in a claim being denied.