Have you reviewed your ...?
Insurance is the foundation of all financial plans. Bamboo Wealth Financial Planners can help you evaluate the risks and come up with the right insurance solution for you and your family.
Retirement may seem like a long way off but putting money into super now is still a tax effective way to invest your money. You also can benefit from the effects of compounding returns.
FINANCIAL PLANNING PROCESS
Gathering Client Information
In our first meeting or discuss we like to gain a better understanding of your current situation by collecting financial data and identifying your personal needs. We will ask you many questions to gain insights of your genuine concerns, goals and aspiration for your future. We introduce you to our services and products we are accredited to put you in a better position. We ask tough and personal questions in order to make the necessary changes and face your current reality. We offer you a free no obligation first meeting either in person, on phone or using skype to better understand the following key areas.
- Your attitude to investment risk and attitude to money
- What are your previous experiences with money and investing
- Establish your true aspirations and dreams
- The current and desired future lifestyle
Establish Goals & Objectives
We will ask you complete a questionnaire to gain insights into what need to achieve in the short, medium and long term. We look at your current cash flow and attitude in investment in order to consider possible solutions and outcomes. We take our time to listen to you concerns, fears and expectations as this is the most important stage of the Financial Planning process. Some of your goals could include:
- Short Term: Protect Family Income
- Medium Term: Deposit for your first home
- Long Term: Have enough money to meet your retirement lifestyle
Prepare & Present Financial Plan
After our first meeting we analyse your objectives, goals and financial situation to identify ways of improving your current situation and potential obstacles. Based on your current age and family situation we begin to design strategies to put you in a better position for the immediate and retirement future. Our advisers are skilled and accredited to develop solutions in line with your stated goals and objectives. We will use various tools and networks to make realistic solutions.
Usually 2-3 weeks after collecting your data and developing your strategies we will make another appointment to present our strategies in detail.
The areas we will consider in developing your plan include any of the following:
- Personal Insurances
- Superannuation Planning
- Wealth Accumulation
- Cash flow and Debt Management
- Taxation implications
- Investment Strategies
- Estate Planning
- Aged Care
Implement Financial Plan
After presenting the Financial Plan and you have agreed to the strategies and products we will then guide you with the relevant documentation that needs to be completed and detail the implementation process and responsibilities for both yourself and us as your advisers. This process is time critical and must be carried out carefully to ensure your goals are now in progress. The implementation process will require the following actions:
- Signing the authority form to proceed
- Completing application forms
- Reading the product disclosure statements
- Being referred to other professionals such as solicitors
- Contacting your employer
Review & Monitor Financial Plan
Our Financial Wisdom offer an ongoing service to ensure you are meeting your stated goals.
You will experience many challenges in your personal and business life that requires you to review your current Financial Plan or readjust to new developments. We highly recommend you consider an annual review to ensure your short and long term goals will be met. The following are changes are why this last step is critical to your financial future:
- Economic Changes: Weaker economy or financial markets volatility
- Personal Changes: Receiving inheritance, Redundancy, starting a family, loss of income
- Product Changes: New products coming onto the market that meet our personal needs
Regulatory Changes: Government tax, superannuation or social security
Financial Planning through Life Stages
What our clients say about us
Winifred ScoullerRetirement Village Retiree