Fee Based Investment Financial Planning
We provide our best advice to our clients irrespective of the amount of commissions recommending a particular product may pay. Any investment commission paid to us is rebated back to our clients account in full – 100%. We advise on a wide range of investments from cash, to term deposits, property (both residential and listed), shares and wholesale managed funds (with no entry or exit fees).
Cost of the First Meeting
The first meeting comes at no cost and is obligation free. This meeting generally covers the following topics:
* About James and FinancialAdvisor.com.au
* About you
* What is financial planning?
* What is the value of financial planning?
* General discussion on your current situation
* Steps forward
If we mutually agree that it would be beneficial for you to engage our financial planning process, we will provide you with a quote for the initial financial plan.
Cost of a Financial Plan
You will be advised of the cost of your financial plan by the end of our first meeting. The cost will depend on time and complexity and there is no obligation to proceed. We welcome further questions after the first meeting until you feel comfortable as we appreciate that engaging a financial planner is a very important decision that should be done with due consideration.
Cost of Placing Investments
There will be no entry or exit fees on recommended investments. 100% of entry fees are rebated back to our clients’ accounts. We do not recommend exit fee products.
Cost of Ongoing Advice
Your financial plan is just the beginning. Think of it as a roadmap to take you from your current position to a future position where your goals have been reached. As you embark on the journey, circumstances and conditions will change and adjustments to the initial financial plan will be necessary. Ongoing advice is necessary because:
Your own circumstances can change – Change in jobs, a new baby or an unexpected injury are all events that will require adjustment to your financial plan and strategy.
Investment market conditions and the economic environment will change – Investment opportunities and threats are constantly changing and we need to continually advise you on how to position the portfolio in light of these events.
Your taxation position and taxation law will change – Review of the amount of tax you pay and taxation law is necessary to ensure that you continue to minimise tax paid each year.
Cash flows need to be monitored – We review your cash flow and budget to determine how much money you require to maintain your living expenses and how much is surplus to invest or repay debt.
The amount of risk you are comfortable with will change – Overtime, you may change the way you wish to invest and become comfortable with a new level of risk when you invest.
Legislation can change – Superannuation rules for instance may change and we need to advise you on how to adjust to the changes to maximise the opportunities for you.
Investment opportunities – Given our strengths in investment research, we will come across investment opportunities and threats that require our advice so that you continue to make good financial decisions.
We charge a fee based on the value of your portfolio, generally represented as a percentage of the portfolio value. This amount will be advised at the end of our first meeting. We believe that this is the best approach for our clients as we have a vested in seeing your wealth grow.