Frequently asked questions

What is financial planning?

Financial planning is about understanding your financial goals and putting a plan in place which will help you achieve them. Financial planners are trained experts who can help you build, manage and protect your wealth.

Topics your financial planner can advise you on include:

  • maximising your super
  • tax effective strategies
  • transition to retirement
  • retirement income stream options
  • investments – inside and outside of superannuation
  • life and income protection insurance
  • debt elimination
  • redundancy.

Our financial planning process:

Make an appointment – Call 07 3369 0010 to book a time to see us. During this call the operator will ask you several questions to identify what information and advice you may be seeking. Then, if suitable, they will arrange for a face-to-face or phone appointment with one of our planners.

Your first meeting – The first meeting with your planner is about identifying and understanding your goals. This is done by reviewing your personal information and completing a needs analysis guide. No advice will be provided at this meeting.

Quote – Once the planner understands your advice requirements they will give you a written, fixed price quote to develop a personal statement of advice. The quote details any costs and associated fees. There are no obligations and you decide if you wish to proceed with getting a plan.

Getting your statement of advice – Once you decide to get a plan it will take your planner two to three weeks, depending on the complexity, to do the analysis and put the recommendations together. Your planner will then arrange a meeting to take you through your statement of advice. Once you are happy with it, the strategies can then be implemented with the help of your planner as agreed.

What does financial planning cost? – Once your planner understands your financial situation and goals you will be given a quote detailing the type and cost of advice which would be most useful to you. As a guide, the cost for advice ranges from $530 to $5,320 depending on complexity. The average cost for comprehensive advice is around $1,900.

What should I bring? – We suggest you bring along any Superannuation statements, insurance schedules and or loan information.

How will my financial advice get put into practice? – In financial planning, putting the advice into action is referred to as implementation. When your planner presents your completed plan they will also discuss implementation options and costs. Some people prefer to do the implementation themselves while others prefer to pay for this service. The choice is yours.

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