It`s Your Money

As an advisory group, the greatest role we can play is to assist you in understanding strategies that will give you the tools towards achieving your lifestyle and financial goals.  Any advice that we discuss with you that is to be formally implemented will be detailed in a Statement of Advice (SoA).

Our SoA’s will be clear, concise and effective. You’re paying for the advice, so it must be clear to you.  We encourage you to only follow advice that you can understand.   Jot down any questions that cross your mind as you read the advice to ensure that you understand the basis of the recommendations.  Any questions that you may have can be discussed in detail with your adviser.

Here’s a checklist of the most important things that a good Statement of Advice will tell you or help you do.

Your needs and circumstances

• A correct summary of your financial and personal situation.

What's recommended and why

• What financial strategies and products has your adviser recommended?
• Can you see how each strategy and each product will help you achieve what you want?
• Why is each preferred over other reasonable possibilities
• What risks and uncertainties are associated with the advice?
• What conflicts of interest may influence the advice, for example, adviser benefits?
• Is a recommended product on the advisory business's approved product list?

What you’ll pay and what for

• Costs you'll pay for the products recommended, now and in the future.
• Costs of switching products, including charges or loss of benefits, for example, if you switch your super fund you might lose life insurance benefits.
• Costs of the advice, now and in the future.
• Frequency of ongoing review service.

How you act on the advice

• Steps you are advised to take to carry out the advice.

We understand that good advice explains the risks of any recommended financial products, such as possible loss of capital or lower earnings.  Different types of investments earn different rates of return, generally reflecting the level of risk. Properly managed, risks can increase returns but the level of risk that you are prepared to take relies on your risk profile and the resultant asset allocation.  The Risk Profiling process forms part of your first appointment and provides the backbone to any investment recommendations that are subsequently prepared.