Financial advice is about identifying your financial goals, understanding your own situation, and then developing and executing a detailed plan for you to achieve your goals. Goals come in short, medium and long-term time frames and different strategies are used in a financial plan to achieve each one.
A financial adviser is a qualified professional who works with you to understand your circumstances and create a plan for achieving your goals. They have experience in helping people work through the various parts of their life, simplifying and improving their financial situation as well as their financial well-being.
There are many responsibilities, opportunities, and areas to navigate across our lives. Financial advice combines several complex areas to:
From the research that assesses the value of advice it is “estimated that those who obtain advice accumulate more than three times more assets after 15 years than those who make their own decisions, (including doing nothing)”.
Additional research by Morningstar in 2019 concluded that “there are significant potential benefits from working with a financial advisor”.
Vanguard further conducted its own independent research in 2016 in the US which found that financial advisers could add a potential 3% increase in net returns through helpings clients devise and stick to a financial plan, by managing their asset allocation, sourcing cost efficient investment tools, along with a number of other strategies.
There are so many different decisions to make throughout life and choosing the wrong option can make a big difference over time. If you find yourself asking any of the above questions, then we would suggest speaking to a financial adviser.
A Financial Adviser can help in the following areas:
We also provide mortgage broking services including helping you find the right finance option when you look to buy a property or refinance.
There are a few qualifications and standards that an adviser must meet before they are able to provide financial advice.
The financial adviser must operate under an Australian Financial Services Licence provided by ASIC.
At the first meeting, the adviser will work to understand your goals, your timeframes, your expectations, as well as address areas or concerns you were not aware were impacting your situation. With your permission an adviser will collect your information and have an informed view on all the above. They will answer any questions you may have such as what services might be included, what the advice will cost, how are they remunerated, what time frame can it be completed in.
An adviser will then use all the information provided in the first meeting to conduct research including assessing appropriate strategies, modelling various alternatives, reviewing different product options, with the aim of putting a formal plan together to be presented in a separate meeting together.
We work with you to understand your situation so that the advice cost is relevant to the work completed for your situation. Our first meeting is obligation free; we provide you the advice cost after we have been able to understand your situation in that first meeting, that way you understand what you are paying for and there are no unexpected costs.
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Suite 505 35 Lime StSydney NSW 2000
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For more details about the Miranda office, please contact us.
For more details about the Cronulla office, please contact us.
(02) 9555-8188 (Head Office)
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