The first step of the financial planning process is to understand you, your current personal and financial position and what goals and objectives you wish to achieve.

This process includes:

• Initial consultation to discuss your current personal and financial situation.
• Understanding your future goals and objectives.
• Understanding your timeframes in achieving these goals and objectives.
• Understanding your attitude to risk/return for investment purposes.
• Obtain any relevant financial documents you currently have as part of our review.

Once we have completed the first consultation, we will then conduct a full review of your current financial position. This part of the financial planning process is important as we need to understand your current position before providing any strategic advice to you. This includes;

This process includes:

• Review of your cash flow position.
• Review of your assets and liabilities (property, investments and associated loans)
• Review of your superannuation.
• Review of your investment portfolio.
• Review of your life insurance and income protection policies.
• Review of your estate planning

The next step of the financial planning process is for us to prepare the financial plan, otherwise known as the Statement of Advice (SOA) document. Your uniquely crafted financial plan will include the following;

This process includes:

• A comprehensive summary of your current personal and financial position.
• Advice on Wealth Creation Strategies.
• Advice on Superannuation (Structures and Strategies) – including SMSF.
• Forecast Modelling on your net asset position as part of your Retirement Plan.
• The impact to your Cash Flow (including tax implications) following the implementation of our advice.
• Wealth Protection advice including Life Insurances and Income Protection
• Estate Planning considerations to ensure your assets are protected.

Once the financial plan has been completed, we will then co-ordinate a meeting with you to discuss in depth, the strategies and advice we have recommend to you.

Once you have been presented with our advice and if you wish to proceed to implementation of our advice, we will have you sign an Acceptance of Advice Letter, authorising us to move to the implementation step.

Step 6 of the financial planning process is to start implementing the advice and strategies we have recommended for you. As part of the process, we will organise all the necessary paperwork for you to complete for us to establish and implement the advice provided in the financial plan.

Once we have implemented the initial advice, it is important that we continue to monitor and review the advice we have implemented for you.  This is long-term plan, a journey that we will work on together in achieving your financial goals and objectives.

Our review process is step 7 of the financial planning process and includes;

• Discuss any changes to your personal situation and goals since our last meeting.
• Review the progress of your plan and ensure that the plan remains on track towards your goals.
• Ongoing review and management of your Superannuation (including SMSF).
• Ongoing review and management of your Investment Portfolio (buy/sell/hold investments)
• Ongoing review of your property investments and loan structures.
• Provide you with updates on changing tax legislation and review the strategies we have in place for you to ensure that they remain appropriate.
• Provide additional advice to any changes to your lifestyle.

In addition to the annual review service (which may incur a fee) we also offer an ongoing advice service as well as a portfolio administration service. Details of these services and the fees applicable to them are set out further down in this guide.