Our Process
From the outset, we take the time to get to know you and understand your needs.
We make a commitment to work with you for the long term, on a robust but responsive wealth management strategy.
If you’re a new client, we’ll start the journey by taking stock of your current financial situation, discussing your goals, and identifying what current barriers are preventing you from achieving these goals.
We then research, develop and implement a sound financial strategy to help you overcome the barriers and set you on the path to achieving your goals.
Like any goal, accountability is key to success, which is why we undertake regular reviews to ensure you’re on track, offering advice as the market and your personal situations change.
1. Initial meeting
A fee proposal is sent post-meeting.
2. Data gathering and goal setting
Analysis of both sides of your personal budget:
- Your asset position:
a. What is your net worth and how will this look in 3, 5 and 10 years’ time? - Your cash flow position:
a. Determining your budget to implement an investment plan
Once we have clarity on your current position, we work to gain an understanding of your financial needs and goals. For example:
- Children assistance, school funding and general needs
- Short-term objectives, for example, holidays, car upgrades, change in career and change in family position
- Medium-term goals, for example, home upgrades and investment portfolio accumulation
- Long-term goals, for example, your ideal retirement age, how much income you need to retire
3. Strategy analysis
We utilise our expertise to develop a tailored financial plan that is created for you, based on your personal circumstance.
4. Advice presentation
Our advice will be presented in a document called a “Statement of Advice”.
A meeting is scheduled to present this document and discuss our advice at length.
Once you are comfortable with the advice, you sign an “Authority to Proceed” allowing us to implement the advice presented.
5. Implementation
As every plan is different, the implementation requirements will also be different, however it can include things such as:
- Establishing accounts/policies
- Co-ordinating rollovers/contributions
- Activating the underwriting process if necessary
- Purchasing required investments
- Liaising with insurers to get best possible terms
- Confirming and communicating final terms of insurance cover
- Scheduled ongoing management of your plan