What does a Financial Planner Do?
At Fiducian we pride ourselves on offering tailored solutions designed to meet our client’s individual circumstances. No two clients are alike, that’s why we take the time to get to know you, your circumstances and your needs.
Your initial Appointment
During your initial consultation we are interested in finding out about your past, present and then looking to what outcomes you want to achieve in the future. You will get the opportunity to ask questions about your Financial Planner and Fiducian to ensure you feel comfortable and confident with us and our processes. We view the initial consultative stage as being vital to developing and securing long-term relationships based on mutual trust and respect.
Tailored Financial Plan
Your individually tailored financial plan will present you with options and strategies on how you can move towards achieving your goals and objectives. Each option will be investigated with listed benefits and costs. Most importantly, Fiducian prides itself on being completely transparent in all dealings with clients and fully discloses all fees and charges payable.
Why a Fiducian Financial Plan is important
We consider a range of issues that may impact on your financial wellbeing before finalising our advice. For example, superannuation is widely advertised in the media and many might think, without a proper analysis, that their current annual superannuation contribution is enough to adequately provide for their future and fits in with their current needs. Can you be certain? It has been said that “if you fail to plan, you plan to fail”.
The risks of not having a Financial Plan in place
Not adequately planning and providing for both your current and future needs could result in insufficient financial protection for you and your family, under utilisation of any cash surplus you may have, insufficient attention given to the management of any debts and mortgages, missing out on Centrelink benefits to which you are entitled, missed opportunities to build tax advantaged savings outside superannuation, and inadequate superannuation savings in the long term.
Additionally, you should consider funding for your care in retirement as well as ensuring ready access to assets when needed. Estate planning should be part of your overall plan to avoid legal disputes and to ensure that your dependants and beneficiaries receive what you intend after your death. Financial planning should seek to ensure that you have a greater level of certainty and don’t miss out on other opportunities to grow and protect your assets when unforseen financial difficulties arise.