Most people delay or don’t seek advice about their finances until much later in life. Many people feel like you need to have a large lump sum of money to invest or be ready to retire to benefit from financial advice. This could not be further from the truth, and in some cases people wait too long or wish they had sought advice years before they actually had, especially after seeing the benefits it can bring.
When you first meet with a financial adviser, they will look at your current situation and help you identify what you hope to achieve from the advice. This may include reducing your personal tax, growing your savings faster, reducing your debts more quickly, buying a property, or preparing for retirement. Benefits can be seen in all stages of life by seeking advice and the sooner you start, the smaller the sacrifices are to meet the same objective.
It doesn’t matter if you’re a young professional looking to maximise savings to buy your first home, a young family looking to provide for your children’s education, or a couple wanting to make their money last throughout retirement; there are benefits for everyone who seek financial advice.
Costs
Our fee structure is set on a fee-for-service basis which means after the free initial consultation, we agree on a price for the advice based on the amount of time it will take to research and prepare a strategy that is tailored to your needs. If you decide to proceed, we construct the advice into a report called a Statement of Advice detailing proposed strategies and options of products from different providers, along with complete disclosure of costs for each option. The cost to prepare this document starts from $2,200 and can increase depending on the complexity and time it takes to prepare.
In the next meeting we will go through the report and answer any questions you may have in regards to the advice proposed so you can make informed decisions on the strategies and products presented for your particular circumstances.
Benefits
In some cases the cost of the advice is less than the benefits people see within the first year. Our clients often tell us they wish they’d sought advice years before because they would be in a much better position now. These benefits include maximising savings, reducing the amount of tax you are required to pay through tax-effective strategies, paying off your mortgage sooner, growing your investment portfolio, reducing personal insurance premiums, or just having a sense of confidence knowing you're on track to realising your financial goals.
If you would like to find out more about how we can help you, contact us to arrange a free consultation.