Using their skills, experience and training, a financial adviser assists you to structure your affairs to ensure that all areas of your financial position are working as efficiently as possible to achieving your goals, and meeting your needs. In addition, a financial planner can be a valuable source of information, a sounding board, and a mentor that can assist you when you are making decisions that impact on your financial position, your lifestyle and your future.
Do I need a financial planner / financial advice?
Many people often decide to manage their own financial affairs as they may feel that their situation is not complex or of significant value to warrant financial advice, or they have beliefs about what a planner can assist with such as just dealing with investment or insurance. The question to ask is “Do I have an in depth knowledge and understanding of the intricacies of investment, taxation, superannuation, income streams, self managed superannuation funds, companies, trusts, Aged care, estate planning, Centrelink? Further, can I also keep up to date with the changes in regulation and legislation in these various areas, and bring them all together to formulate strategies to achieve my goals?” A financial planner can bring significant value to the table for people of all walks of life. Financial planning is a specialised profession, with advisers that have significant training and experience to assist you in achieving the financial outcomes that you wish to achieve.
What benefits can a Financial Planner provide?
Your financial planner can provide knowledge and experience and apply these to your own circumstances, with the objective of assisting you to achieve your goals. This can include Technical expertise on investment, superannuation, retirement or insurance products, and knowledge of legislation and regulations that may be impacted upon by these products. It can also include knowledge of investment markets, as your adviser has access to and obtains information from a large range of economists, institutional and retail investors, product providers and other sources to assist them make recommendations and provide strategies that can benefit their clients. Your adviser can also be that professional which you utilise for a sounding board, to assist you in making those decisions that you may be unsure how to make on your own.
What are your Qualifications and Experience?
Solace Financial advisers hold formal qualifications and all are members of the Financial Planning Association of Australia (FPA). Accordingly we operate to the FPA’s Code of Ethics. Our advisers are required to complete annual ‘Continuing Professional Development’ courses so you know we’ll be up to date with the latest developments, and all are registered with the Tax Practitioners Board as Tax (Financial) Advisers. And just as importantly, our advisers are all owners of the business – our client’s interests are our number one priority.
How much does it cost to see a financial adviser?
We offer a complimentary initial appointment to all prospective clients. As each individual is different (‘no one size fits all’) this gives your adviser and yourself the opportunity to determine if we may be able to assist. Should this be the case, you will be quoted an Upfront Advice Fee based on your particular circumstances, needs and objectives. The Upfront Advice Fee covers the preparation and provision of your financial plan (your Statement of Advice) as well as the required research and analysis to prepare your personalised recommendations. The Upfront Advice Fee will also cover the cost of the implementation of your financial plan once you are comfortable to proceed. We also charge a fee for our Ongoing Review Service, designed to keep you on track to achieving your goals. This fee may be charged in a number of ways such as an annual fee, a monthly fee, or a percentage of the investments that we manage on your behalf. These fees will be discussed with your adviser and will be outlined in your Statement of Advice, and vary according to your individual plan and the services provided. We do not charge entry or exit fees on investments or superannuation products, nor do we receive commissions from investments. Commissions may be received on Insurance products.
Do I need to have large amounts of money to see an Adviser?
No! Our clients are from all walks of life, and we provide both ongoing services or one off services when appropriate, to assist our clients achieve their goals throughout their lifetime.
I’m based in Sydney – can you still assist me?
Yes! We have many clients that we provide services to interstate. A face to face relationship with your adviser is nice to have, however with technologies such as Skype, email and phone our services are not limited by distance.
What areas can you provide advice in?
We provide financial planning services to clients based on proven strategies that may include investment advice, however we are not stockbrokers nor traders. We can provide advice on long term investment strategies utilising managed funds, term deposits, and direct shares whether held personally or within superannuation, trusts or companies. We can provide strategic advice services on all areas including but not limited to investment, superannuation, redundancy, retirement planning, income streams, Self Managed Super Funds, Aged Care, and Personal or Business Insurance.