Prior to the first meeting we will email through a fact find which will need to be filled out and sent back for the purpose of gaining an overview of your current situation.The purpose of the first meeting is to determine if you like the way we think and for us to have a look at your current situation and determine whether we can add value. Add value means to reduce cost, improve returns or reduce risk, and ideally all three. We will gain basic information such as your goals, dependents, age, income level, family structure, assets, liabilities and expenditure.
We will give you a FSG to give you a better understanding of our capabilities and what we can and can’t do for you.
The fee for this initial meeting is $180. We are one of only a few advisories that charge a fee for the first meeting. The reason many firms do the first meeting for free is because the adviser is trying to sell you something. We guarantee value, so if you don’t feel you gained any value from the meeting, we will not invoice you.
If we feel we can add value, and you like what we can provide, we will have a second meeting where together we will establish your short medium and long term goals and objectives clearly. These goals will need to be compatible and suitable for your individual circumstances. After setting the goals, we will formulate a strategy to achieve those goals.
We will then prepare financial statements as indicating income, expenses, assets and liabilities. This process will identify and financial issues such as whether the client’s current lifestyle is sustainable and whether the projected saving plan is achievable. We will then prepare written advice, called a Statement of Advice.
The advice is presented and explained to you and written confirmation from yourself will be required to ensure that you understand it and wish to proceed.
We will usually be responsible for implementing the advice, which is usually done via a defined schedule.
The plan should be reviewed at least every 12 months and ongoing advice provided, on an as needs basis.