The sophistication behind a financial plan is often underestimated. This is because many of the benefits of financial advice are intangible and only apparent after the passage of time. That's why it's so important to act on your financial planning sooner rather than later. Isn't it time to take control of your finances?
A professional can help you uncover hidden financial opportunities, consider your options and understand financial products, tax laws or the Government benefit system. If you're at a point where you need to make a choice to save money, or even to protect against personal or business risk, manage debts, grow assets, plan for retirement, or plan ahead for the security of family, the financial advice of someone who specialises in all of these areas is invaluable.
– making every effort to understand what you want and then set a strategy to reach it
– put forward financial opportunities that you may be missing out on
– empathising with your situation and giving you support, perspective and confidence in order to help you stay on course
– skill, knowledge and experience required to help clients reach their financial goals
• Peace of mind
– looking after monitoring investments, lodging applications, undertaking research, compliance and handling all administration tasks. Also the peace of mind that comes from knowing you have a financial plan and a helping hand available.
• Focus –
ongoing review service to monitor your investments to ensure you remain on track, and advise when adjustments may be needed
Generally, what an adviser charges will depend on how complex the financial plan needs to be. An adviser will usually charge you to begin the advice process, which will involve the preparation of a financial plan (also known as a Statement of Advice) and to implement your investment strategy. There may also be ongoing fees, which cover the costs of administering and managing your investments. All fees will be disclosed to you during the initial interview as well as in the financial plan.
1. Understanding you and your goals
Our aim is to get a full understanding of your financial life, by discussing various topics such as work, family and financial commitments. This, combined with a discussion about what you'd like to achieve financially and your attitude towards risk, will help us determine the best strategies for you. If you were to continue the process, at this point we would ask you to sign a form and provide a fee for initial strategic work.
2. Creating a Plan tailored to suit you
Once we have analysed your situation and goals, we will then be able to devise a customised plan. We will discuss with you how each element of the plan will work towards achieving your goals, and ensure that any questions are addressed before anything is implemented. At this point, we will formalise your plan in a Statement of Advice. This details all aspects of the plan and its goals, and will also explain any fees or commissions that would be payable if you proceed with implementing any of the proposed investments.
3. Putting your plan into action
It is important to ask questions and make sure you fully understand everything contained in your financial plan before you proceed. After you have approved the plan and are happy with the strategies proposed, we will then begin bringing your plan to life by setting up and maintaining the appropriate investment accounts, insurance policies, etc. This stage of the process may involve various documents being sent to you as reference material, or as notification of implementation.
4. Ongoing Reviews and Updates
If you choose, we will provide you with regular reviews of your plan's performance. This is where any adjustments to your plan can occur, depending on changes to your circumstances. This can also include your adviser sending you documentation with suggested financial options which can enhance your strategy.
Regardless of any changes, your SMC adviser is committed to working with you to help see your plan through to success.
In the end it's not just about having more money – it's about identifying and creating opportunities that will help you live the life you want. You want a solid plan to see you through your financial life; we're here to help you build and ultimately achieve it.
About SMC Financial Advisers Pty Ltd*
SMC Financial Advisers Pty Ltd is a Member of Count, one of Australia's largest networks of accountant-based financial advisers. Our goal is to guide you through financial uncertainty by providing you with a plan giving you control over your financial future. We offer you tax-effective financial and investment advice with ongoing support.
For more information read:
• Creating a Confident Future with Count
Financial services guide (FSG) V14 Part 1
and Part 2
*Simon Mersnich & Katie Young of SMC Financial Advisers Pty Ltd (ABN 40 100 223 130) are Authorised Representatives of Count Financial Limited ABN 19 001 974 625, AFSL 227232, (Count) a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. 'Count' and Count Wealth Accountants® are trading names of Count. Count advisers are authorised representatives of Count. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Information in this document is based on current regulatory requirements and laws, which may be subject to change. While care has been taken in the preparation of this document, no liability is accepted by Count, its related entities, agents and employees for any loss arising from reliance on this document. This document contains general advice. It does not take account of your individual objectives, financial situation or needs. You should consider talking to a financial adviser before making a financial decision.