Expert advice coupled with extensive ongoing service
To help you create a secure financial future, we employ a disciplined 8-step financial advice process:
- We start by assessing your current financial position including your financial life-stage, assets & liabilities, savings capability, personal risk insurance requirements, retirement income requirement, Centrelink entitlement position, and so on. We then help you define your short, medium and long term lifestyle goals. What do you want your lifestyle to look like – now and in the future?
- Then we convert your lifestyle requirements into clear financial goals and objectives. How much money do you need to fund the lifestyle you want – now and in the future? What is your Financial Freedom number?
- Next we develop your financial, wealth, retirement, taxation, Centrelink, and risk management strategies – and determine the required investment return – which will enable you to meet your financial goals and objectives.
- We then determine the mix of assets (i.e. shares, property, bonds and cash) which will reliably help you achieve your required investment return. And if you are a business owner, incorporate this into your long term financial strategy as part of a wealth accumulation strategy.
- Importantly, our next step is to determine your tolerance to investment risk (i.e. the fluctuating nature of investment returns). Then we compare your risk tolerance to the level of risk inherent in the asset allocation plan we have developed for you. Do the two match?
- If they do not match, there is a gap which will most likely result in you being unable to achieve your goals. Therefore, before we proceed further, we work with you to help you reach a compromise which gives you comfort on all fronts. We call this our ‘Gap Analysis Procedure’. (See how “Our unique ‘Gap Analysis Procedure’ puts you in control”, for more information).
- Once our ‘Gap Analysis Procedure’ is complete, we finalise your financial plan to ensure it is focused on meeting your preferred financial and lifestyle goals. We then, on your approval, implement each of the recommended financial strategies. We arrange the purchase of the recommended investments and implement the personal risk insurances on your behalf.
- Once your plan and investments are in place, we regularly review them to ensure they continue to perform as expected. As part of our ongoing service and advice process we will recommend appropriate modifications to your plan and investments, if your investments do not perform, or if your situation changes, or external factors change.