What to expect

What to expect when you see a Financial Adviser…

The law requires that any personal advice you receive from a financial adviser must be appropriate to your circumstances. While you have the right not to tell your financial adviser personal information, if you don’t, the advice you receive may not be appropriate to your needs and your financial situation.

When you see a financial adviser, you should expect the following:

• Step 1 – An initial consultation that allows you and the financial adviser to find out about each other. This may be free but you should check with the adviser first.
• Step 2 – The financial adviser will collect all the information they need from you (sometimes called “fact finding”).
• Step 3 – They will help you identify your goals and current financial position. This is normally done at the same time as the “fact find”.
• Step 4 – They will consider the 7 building blocks or strategies (eg, tax, social security, estate planning etc), then develop and present you with written recommendations in a financial plan (called a Statement of Advice).
• Step 5 – They will discuss the recommendations with you and make sure you are comfortable and agree with them.
• Step 6 – They will implement the agreed recommendations.
• Step 7 – They will periodically help you review your objectives, financial situation and needs.

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.

If you are ready to start your financial planning journey, contact us today on (03) 9863 8306.