OUR ADVICE PROCESS
This initial meeting is obligation free. It’s an opportunity for your senior financial adviser to gain an understanding of your existing financial situation, and to establish whether we have a basis for working together.
Before the initial meeting, we will send you an introductory pack that contains documents for you to complete and return to us, including a Personal Financial Questionnaire and Risk Profile Questionnaire. In order to fully understand your circumstances, including your assets, liabilities, income and expenses, we will also ask for other documents such as superannuation statements, tax returns or share and property holdings.
We will begin to discuss your goals and objectives, as well as a realistic pathway and time-frame for reaching them. We aim to give you the confidence that you can achieve your financial goals.
The next step in our planning process is to make sense of all this information and come up with a range of preliminary solutions and initial ideas for ways forward. The analysis stage involves long term cash flow modelling based on your overall financial situation and financial goals you wish to achieve. We will identify any gaps with you and prioritize.
Once these have been identified, analyzed and quantified, it is time to do some specific product research into funds, insurance products, etc.
So after all this preparation we get to the formulation of the detailed plan itself. This will contain both the broad strategy and the specific recommended solutions.
The Statement of Advice (SoA) is a really key document setting out your objectives, financial gaps, the recommended strategies and specific solutions. The report should be as easy to read as possible, but there may be a lot to cover and some of it will inevitably have some technical or unfamiliar elements.
The most important outcome of this part of the process is to decide what recommendations to go ahead with.
If you are happy with our recommendations and are ready to implement them, the ITHINK Financial Group team of experts will complete the rest of the process for you.
Depending on the complexity of your situation, implementation can take from a few weeks to several months. We will keep you up to date throughout, and have a detailed and active workflow process that is designed to ensure nothing slips through the cracks, so you don’t have to worry.
Life is constantly changing, and so are the laws and regulations that may affect your financial situation. Once our recommendations have been implemented, we will to monitor your finances so that they stay on track, and will continue to help you work towards your financial goals.
Typically, your adviser will need to meet with you every 6 months or annually, or at an interval convenient to you. If you are travelling interstate or overseas, we are happy to meet via Skype or phone conference. In addition to these face-to-face meetings, you are encouraged to call or email us with any queries regarding your financial decisions or situation.
We will also keep you informed of new strategies and opportunities, industry developments, legislative changes and economic news. Our unique and specialized service provides you with peace of mind on your investment portfolios, superannuation and tax matters.
Our service is based on developing a quality relationship so that we can add genuine value to your changing situation, whatever the circumstances. This gives us the professional satisfaction of a job well done, and gives you the confidence and peace of mind that you are supported, every step of the way, by expert staff whose sole purpose is to help you secure your financial future.