Financial Planning

 

Financial planning is the process of identifying both your financial (income, assets, liabilities) and lifestyle goals (values, dreams, wants, needs, time horizon).The role of a qualified financial adviser is to evaluate all aspects of your financial goals and lifestyle requirements and develop the strategies needed to help you build wealth, enjoy life and achieve financial security.

At AXIS Finance we provide you with reliable financial advice based on our understanding of your unique situation and goals.

We develop and implement your Financial Plan using tried and tested formula, a structured process to help understand and define your needs.

 Our advisory process is a simple six-step course of action;  

1) Initial Meeting 

During our first meeting (which is complementary) we would expect to establish why you are seeking financial advice and what you expect from us. We will provide you with an introduction to our service.  As we strongly believe that planning is about helping people achieve their goals. We focus initially on understanding what your goals are in the short, medium and long term. We then move on to understanding your current personal financial position and establishing how we can assist you. 

 

 2 & 3) Engagement Process (Identify Goals & Financial Issues)

At the completion of our first meeting we will be in a position to inform you as to whether or not we can add value to your situation. Should we agree that we can work together, we will explain what our fees will be and what we believe will be the tangible and intangible benefits to you. We will provide you with a copy of our engagement paperwork.  We will then encourage you to take it away and reflect on the ideas we have discussed. Should you feel comfortable to proceed then you can return our paperwork and we will commence working on your situation. 

 

4) Preparing Your Initial Advice

Once we have gathered sufficient information regarding your financial situation we will formulate an overall strategy. Central to the strategy will be your ‘risk profile’ – it is your attitude to risk that will principally determine the investments we recommend for you. This is important because investments that offer a higher rate of return have a greater risk of losing value. 

 Your plan will provide clearly identified recommendations relating to your goals and objectives and benefits to you of our recommendations whether they be fee savings, taxation savings or less tangible outcomes such as peace of mind. At AXIS Finance Group we focus heavily on getting the strategy right as that is where we believe the biggest benefits of advice are to be discovered.

 

The advice document will also recommend any actions we recommend you take including those necessary to remedy shortfalls in capital or income. Sometimes we will provide comprehensive investment recommendations, estate planning advice, cashflow advice, strategy ideas and protection recommendations or simply confirm that the best solution is to retain your current circumstances.

 

We also consider our clients whole situation in our review including debts, cash, term deposits, listed equities and investment properties. We also consider the usual areas of concern to financial advisers, being superannuation, pensions, managed funds and insurance policies.

 

5) Implementing Your Financial Plan

 Once you have agreed to the financial plan we will implement it on your behalf and assist you through the process. 

 

6) Reviewing Your Plan

The preparation and implementation of the financial plan is only the starting point for you. We regard the most important part of our relationship with clients to be our ongoing review service. 

 

This holistic pro-active service includes the following: 

• Review progress towards meeting your goals and objectives, and adjust the strategy as your needs change.
• Explore any ideas, strategies or opportunities that may become available to you.
• Review your portfolio in line with our investment research, portfolio management processes, and your risk profile.
• Ongoing advice and administration relating to your investments, superannuation and insurances.
• Maintaining effective tax structures.
• Financial year end planning.
• Estate planning and inter-generational wealth transfer.
• Risk management.
• We will regularly advise you on how specific events may impact on your financial situation such as federal budgets, economic events and legislative changes.
• We negotiate fee rebates with product providers on your behalf.

Life is always changing and we believe by acting as an objective sounding board to our clients we can help them stay on course to achieve their goals and objectives much more efficiently.  

 

All financial planning services are provided through our licensee, Professional Investment Services Pty Ltd ABN 11 074 608 558, Australian Financial Services Licence Number 234951. Martin Horner is an Authorised Representative (244922) of Professional Investment Services Pty Ltd. 

 

Complaints Procedure, www.profinvest.com.au/legal/complaints/