Why should you have a financial plan?

To secure your financial future, it is essential that you have a sound financial plan. A financial plan will take into account your current circumstances and future goals.

A comprehensive financial plan may enable you to:

  • Manage your income and expenditure to help you achieve your future goals
  • Acquire investments that will secure your financial independence
  • Minimise tax and improve your cash flow
  • Protect you and your family should the unexpected occur What is the financial planning process?

What is the financial planning process?

Financial planning is a systemic process of:

  • Gathering your financial data - such as details on your income, debt level, present commitments, current financial planning arrangements, are collected
  • Identifying your goals and concerns and determining your financial priorities Identifying any financial issues - or deficiencies between where you are now financially and where you want to be.
  • Identifying financial behaviour and habits that may impact on your ability to achieve the desired objectives.
  • Preparing your financial plan - which will include appropriate strategies, financial information, identify recommended investments and address your attitude to risk. A financial plan is simply a financial road map that can help you to see how you can get from where you are today to where you may want to be in the future
  • Implementing your financial plan - Once you have considered the recommendations presented and agreed to those recommendations (or modified ones), together we implement the plan
  • Reviewing and revising your plan - The provision of ongoing review is the foundation of establishing a long-term and mutually rewarding relationship. The review process ensures your financial plan stays up-to-date and relevant to the economic climate and your changing lifestyle

What does a financial plan cost?

The cost of a financial plan (Statement of Advice) will depend on the complexity of the plan and the various strategies explored.

We will discuss the cost and payment arrangements with you at our initial meeting. You make the choice.

For more information about structuring a comprehensive financial plan, or to discuss your financial security now and in the future , contact AUGEO on 02 4984 5545 for a confidential risk-free consultation.

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