First Meeting Is Cost Free
We pride ourselves in offering value for money advice and services.
We charge fixed upfront fees for any professional work completed. These are quoted before work is started.
We have structured fees for all ongoing work as well. The fees are determined by the services clients choose.
We can receive commission from insurances we provide for clients. However, if clients are happy to pay a fee for service to establish insurances, we will happily rebate 100% of commission back to clients. This can work out to be a great saving long term.
Advice Packages
We have created Advice Packages to assist in providing lower cost services with consistently high quality. These packages have something for everyone, no matter what phase of financial maturity.
Please follow the links below to see more detailed fee information for each Advice Package:
However, if you’re not interested in a holistic service and just want something specific, our Transactional Service could be for you. Transaction only service is where you choose what service/product you wish to take.
Our packages start at $550. Which will be discussed in your first cost free meeting and charged if you decide to proceed with any advice.
How we charge fees
We are flexible. We will invoice direct to you, charge to a bank account, superannuation or investment account.
Due to the high level of service that we provide to our clients, there is a Minimum fee applicable per package. This will also be based on number of meetings per year, investment portfolio type and strategy.
Additional fees may be charged for complexity over and above our Practice base fees. Examples of increased complexity are listed as follows:
Unit trusts, SMSF reporting, Direct Equities, Redundancy Advice, Employee Share Holdings, Estate Planning, Complex Insurance Structures, International Retirement Savings, Aged Care, Multiple Investments and more frequent reviews outside our annual offering.
Any additional fees will be discussed with you and documented prior to any invoicing of such costs.
Transaction only or specific advice
There may be times when you require ad-hoc consultations, which:
- are not part of an agreed scope of work;
- are for one-off transactional agreements, such as insurance, direct share purchases and advice, small rollovers; or
- do not require our ongoing review service.
In these cases you are able to engage us on an hourly basis to discuss specific topics, ideas or issues that concern you.
Client Fact Find
This is where we discover what is really important to you – your goals, worries, ambitions and dreams. Clinically, we also need to understand your current financial position. This process of understanding your needs is essential because no matter how simple or complex, every piece in the financial puzzle is important.
Research of Current Products
The process of researching insurances, accounts and superannuation is vital in order for us to provide you with relevant and comprehensive financial advice. We also cross check every product with independent rating agencies – we currently use Chant West.
Analysis & Strategy
Depending on your financial situation and needs this may be very simple or highly complex. We may test a number of strategies and analyze the result to ensure the most appropriate outcome is achieved. We will also liaise with other technical experts for more complex issues. This is the difference between planners and advice and this is a strength we have over our competitors.
Investment Analysis
We constantly keep abreast of world and local economic and investment markets and behaviour. Unlike many investors, we have a long memory and we seek independent, intelligent and professional data and opinions. We approach all our clients’ investment requirements with confidence that their individual needs will be met. The experience, knowledge and skills of our planners set us apart here.
Finalisation of Advice and Strategy
We ensure every part of advice is completed, from strategy to product. This process also includes following up on banking, budgeting and lending advice.
Complex Strategies
In many cases we are required to do extensive research and consult with other professionals to carefully construct and articulate these strategies and corporate structures. As these vary in each case we will tailor a fee structure to your individual needs.
Complex strategies include:
- SMSF implementation;
- Transition to Retirement Strategies;
- Transferring assets into SMSF and borrowing through superannuation;
- International Pension transfers;
- Retirement Planning including Centrelink strategies;
- Detailed and Complex tax planning and cashflow strategies;
- Detailed corporate structures;
- Direct Equity Holdings; and
- Employee Share Holdings.
Where Statement of Advice (SoA) preparation fees are charged on a fee for service estimate and/or hourly basis, these fees will be agreed with you and fully disclosed in your SoA. Should the scope and/or complexity of your situation be substantially different than initially estimated, we will seek your agreement to increase the SoA Preparation Fee.
If you decide at any stage during the process you do not wish to proceed, you will only be charged for the time incurred in working on your file.
Ongoing Financial Review
At the time of the initial Statement of Advice we will make a recommendation as to the frequency of the recommended Financial Reviews.
This may be monthly, quarterly, half yearly, annually or bi-annually.
Generally, transaction only clients will be reviewed at the clients request and charged accordingly.
NOTE: we have a minimum fee per year in both circumstances. Our service commitment is of a high standard, flexible and designed to meet your personal needs and goals. As an example, we may also offer our MDA Service (Managed Discretionary Account) and we would discuss if this is suitable for you.
The frequency of the recommended Financial Reviews depends on the level of complexity of your situation and the level of involvement that you would like us to have in monitoring your situation.
The Ongoing Financial Review process is very similar to your initial Financial Plan preparation, however the Ongoing Financial Review usually takes less time to complete due to our familiarity with your financial situation and having already analysed and addressed the majority of the issues and opportunities.
The Ongoing Financial Review fees are quoted on a fee for service estimate basis and these fees will be agreed with you in writing via your Client Engagement Authority. Should the scope and/or complexity of your situation be substantially different than initially estimated, we will seek your agreement to increase the Ongoing Financial Review Fee.