Statement of Advice

How To Spend Your Money?

Full Financial Review
Our comprehensive financial review will allow us to determine the health of your current financial position, before recommending services that will work to improve your situation and lifestyle.
Assets & Liabilities
Next, we analyse the value of your assets alongside accumulated debts to gain a complete understanding of your current financial position, in order to better inform our recommendations.
Financial Position
A personal financial position is a document or set of documents that outline an individual’s financial position at a given point in time. It is usually composed of two sections: a balance sheet section and an income flow section. This will assist us in comparing current and future options to retain, or implement new and improved products & services.
Budget
We work to understand how much money you have available in order to fulfill your debts, before working to understand your needs relative to how much you will likely spend in the future.
Needs Analysis
This is undertaken to determine your future financial needs relative to your current financial position. This will allow us to recommend the type of cover that will best work to meet your future obligations
Life Insurance Risk Review
We take the time to learn about your life, and advise you of certain factors that may contribute to increasing your life insurance premiums, such as pre-existing medical conditions and certain lifestyle habits.
Cover
After learning about your circumstance, we will be able to confidently recommend a life insurance provider that will give you the best value for money based on your individual situation.

A Statement of Advice (SoA) is a document used by financial planners and advisers to set out the advice given to a client, including the basis of the advice given, details of the advising council, and information regarding payments that the adviser will receive. The purpose of the statement is to ensure the client is well informed prior to deciding whether or not they wish to rely on the advice given. We work to ensure the information documented clarifies any questions you may have, while communicating our advice in plain English to avoid confusion. The three general components of an SoA include:

  1. Outlining the client’s objectives, financial position, assets, time restraints & risk tolerance
  2. Analysis of strategies that are most likely to achieve the client’s objectives, taking into account their financial position, assets, time restraints & risk tolerance
  3. Justification of recommended strategies that are most likely to achieve the client’s objectives, taking into account their financial position, assets, time restraints & risk tolerance

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Phone: 1300 799 119