What is Wealth Management?

Wealth Management assists you to make better use of available resources to improve your financial position.

Professional advice should involve a thorough analysis of your current financial position, your personal cash flow as well as your immediate and future lifestyle and financial goals. You should be informed of all of the resources and options available to help you reach your objectives – now and in the years ahead. Once you are comfortable with the strategy it needs to be implemented and reviewed regularly.

Our services can range from simple advice on one particular investment class, through to a complete financial portfolio overhaul working closely with other professionals such as Accountants, Finance Specialists and Lawyers. We aim to build long term relationships with our clients and to assist them through better structures, building wealth and mitigating tax.

What steps are involved?

Initial Meeting

Initial meetings are free of cost or obligation. The first meeting is an opportunity to get to know each other, for us to identify areas where we may be of assistance and for you to decide if you are comfortable proceeding to the next step – preparation of a Statement of Advice.

At the conclusion of this meeting you will have a clear understanding of ways that our advice can assist you and the areas that will be included in your plan.

Preparation of Statement of Advice (SOA)

We will make sure we have a clear picture of your goals, objectives and preferences. We will collect all relevant information in order to devise a strategy and prepare the SOA.

SOA Presentation

The SOA is a clear and detailed document outlining the strategies and recommendations specifically tailored to your needs. It will address many areas including personal cash flow, debt reduction, direct investment options, risk management, tax planning and superannuation.

Implementation

Once you have a solid understanding of your strategy, we will move into the implementation phase. Your adviser will manage the process and our administration team will assist with any necessary paperwork. We will provide you with full account access and will ensure you are 100% comfortable with the day to day operation of any new accounts or facilities.

Ongoing services

Once your strategy is implemented we will meet with you at least once a year to review your strategy and track your progress. Your adviser is available at any time if you have questions or need assistance and additional reviews can be organised if your situation changes. Our portfolio management team constantly monitor your portfolio and ensure it remains suitable for current conditions and your long term strategy. We will contact you if there are any significant changes to the economic or investment environments and will make you aware of new opportunities as they arise.

How are we paid?

We are a fee for service practice.

Whilst our fees can vary depending on the type and complexity of advice, all fees are transparent and explained clearly before you incur them. We work for you and are not a large financial institution looking to sell managed funds. We are believers in direct investment which minimises cost. We will only invite potential clients on board if we believe that there is a clear benefit we can provide and efficiencies available to you through taking our advice.

We have access to a sophisticated but low cost investment administration service. This means that the overall ongoing cost should remain competitive with your existing arrangements but allowing us to deliver a much higher level of personal service.