When providing personal financial advice an adviser must take into account the individual client’s circumstances and goals. The advice may or may not involve the recommendation of a financial product. The role of a financial adviser is not to sell financial products.
People most often consult a financial planner when:
- Starting work or changing jobs and looking at superannuation options
- Getting married, or separating from a partner
- Starting a family, and saving for education costs
- Buying a house, or paying off the mortgage
- Looking to invest for capital growth
- Planning to retire
- Inheriting money, receiving redundancy payments or other lump sum payments.
There is an established six step financial planning process which our advisers follow with every new client:
- Gather financial information about the client
- Identify financial and lifestyle goals
- Identify any financial issues
- Prepare a financial plan
- Implement the plan
- Review and revise the plan at regular intervals, or when circumstances change.
Your financial adviser can help you design a tax effective plan and an asset allocation strategy that is tailored to your individual circumstances. This will take into account the length of time you will be investing and your willingness to accept volatility in your investments.
Should you need to accelerate your wealth accumulation plan, your Adviser can show you how to use a gearing (or “borrowing to invest”) strategy that does not add to your investment risk unnecessarily.
Stonehouse is a privately owned and operated company. As no investment or insurance provider has any ownership or material interest in Stonehouse, you can be assured that our Advisers only recommend investments that are suited to you and your financial situation.
Protecting your hard-earned assets through appropriate insurance is an integral part of the financial planning process. The trauma of death, accident or serious illness can be devastating for you, your family and your financial plan, especially if you’re in the wealth accumulation phase of your financial plan – that is, investing to build your wealth during your working life.
The right insurance advice can help you minimise risks, secure your family’s future and soften the financial blow of serious illness or injury. Your Adviser is able to analyse your insurance needs and recommend appropriate wealth protection solutions.
The same care and expertise your Adviser applies to planning your affairs during your lifetime extends to planning the transfer of your assets to your family and other beneficiaries when you die.
Your Adviser can work with you, your solicitor and/or an estate planning specialist to help you structure a tax-effective estate plan using testamentary trusts and other strategies to protect your assets from unnecessary taxation or the unwelcome claims of others.
- Assets test – This takes into account the whole amount of your annuity/pension.
- Income test – This may only take into consideration part of your annuity/pension payments.