When you seek financial advice, we’ll take a step-by-step approach. Our aim is to provide an uncomplicated and honest approach to help you reach your goals.
Step 1 Call us!
The first step is to contact us to chat to a financial planner about your needs. We will then schedule a meeting to discuss your goals and objectives.
We understand that taking this first step to improve your financial situation takes courage and it can be confronting to discuss your personal life with a stranger. You are not alone and we are here to help. Read more about taking the first step here.
Step 2 GETTING TO KNOW YOU
The aim of your first discovery meeting with a financial planner is to get to know you. You will need to answer various questions to complete an initial Fact Find document. This documents assists the planner to understand your current financial situation, needs and goals in order to develop a tailored financial plan.
On top of getting an understanding of your lifestyle and financial goals, your financial planner will guide you through the options available, translate financial jargon and help you sort out your financial priorities.
To assist the research phase of your plan please bring along bank statements, property values and debts, super statements, salary details, insurance policies, your last tax return—too much information is better than not enough!
Step 3 DEVELOPING YOUR FINANCIAL PLAN
Using the information you have provided, the planner and his team will fully research your situation and investigate different strategies and product solutions to help you achieve your goals and meet your objectives.
Things we might consider during this process are estate planning, investment options, superannuation and tax strategies, minimising debt, savings strategies and referrals to other professionals if necessary, such as finance brokers or accountants.
A comprehensive plan is then prepared, known as a Statement of Advice (SOA).
Step 4 PRESENTING YOUR FINANCIAL PLAN
Your planner will then walk you through the completed financial plan, explain in detail the recommendations chosen for your situation and outline any strategic actions.
We will then ask you to take the time you need to understand and consider the recommendations in the SOA. You need to feel that the plan can work for you to deliver your goals.
Step 5 IMPLEMENTING OUR RECOMMENDATIONS
Together, we'll agree on further action. We will implement the agreed strategy recommendations and any product solutions outlined in the SOA.
We may also give you a list of action items for you to attend to personally or arrange for you to see other professionals such as estate planning experts, an accountant, a finance broker and/or a solicitor.
Step 6 ONGOING ANNUAL REVIEWS
Implementing a financial plan is only the first step. Once your agreed plan is in place, it is important to review the advice we provided, your changing circumstances and your goals, ensuring you are on track.
Our Annual Advice Agreement service can be accessed via various ‘Service Packages’ designed to cater for different requirements.
When you agree to Annual Advice and Service you will receive proactive, comprehensive service from your financial planner and the team at AFS assisting you in meeting the goals in your plan.
