STEP 1 INITIAL INTERVIEW UNDERSTANDING YOU AND YOUR GOALS

To enable us to tailor the right financial solution to you and a personal financial plan, it is important that we understand your goals. This involves understanding where you are currently at, where you want to be and when you want to be there. Some of the information we will gather in this first step include:

• Why you are seeking financial services and what you want to achieve
• Your personal details, including whether you have a family to support
• Your aspirations and goals now and into the future
• Your lifestyle goals, for example; home ownership, retirement plans, holidays, private schooling for your kids, supporting charities or a special cause.

UNDERSTANDING YOUR CURRENT FINANCIAL SITUATION The next step is to understand your current financial situation including:

• Your income details
• Your debt levels
• Current assets and investments held
• Details of your superannuation providers
• Current financial commitments
• Existing Insurance policies Any future considerations

STEP 2 IDENTIFY OPPORTUNITIES

The information attained is reviewed by our senior strategy panel that looks at your situation from each aspect and every discipline within the financial services spectrum. After considering all the relevant information regarding your needs, objectives and current financial situation, opportunities are identified. Step two involves identifying financial gaps between your goals and the outcomes you can expect to achieve using appropriate wealth and protection strategies. We will also identify any opportunities by addressing gaps to help achieve your goals. 

On the other hand, a large majority of clients can see where we add value and benefit to their holistic financial wealth and choose to partner with the experts. Some of the things we may consider include:

• What level of investment and timeframe you need to ensure your savings grow in line with your risk profile.
• How you can pay off your home loan faster than your neighbour, without increasing your payments.
• What level of insurance you require to protect your assets and your income
• What tax strategies could be used to accumulate wealth faster such as SMSF, Salary Sacrifice, Negative Gearing, Trusts and Company Structures
• Whether you require gearing to accumulate wealth faster?
• How you can rescue your Superannuation and de-risk downside exposure
• Whether or not property Investment is a valid strategy for you?

STEP 3 PREPARE AND PRESENT STRATEGIES AND EDUCATION SESSION

Now that we have the knowledge of your financial goals and objectives, risk profile and financial situation your Wealthrite Financial Adviser will apply their expertise in developing your tailored financial plan. Your financial advisor is supported by a network panel of experts in areas such as research and technical, finance, legal, superannuation, insurance and investments in property. This network panel ensures we develop a set of recommendations to suit your goals, objectives and risk tolerance.

Once we have prepared your financial strategy, we will present it to you at the office education session, explaining our recommendations, strategies and discussing your personal requirements.

By the end of this step it is essential you are completely satisfied with our recommendations and feel we have delivered appropriate solutions for you. At this point we will also confirm and outline all fees and costs associated with your personalised strategy.

(Every aspect of your plan will be itemised and in most cases we find your super fund or selected financial product providers can cover the majority of our service fee. Your options will be explained and outlined in details prior to your commitment to proceed). 

It is at this point that you decide if our service is right for you!

With your agreement and authorisation Wealthrite will prepare your Statement of Advice (SOA) which is a thorough document explaining all of your financial strategies in detail.

STEP 4 IMPLEMENT YOUR FINANCIAL PLAN – TAKING CONTROL OF YOUR FUTURE

At a convenient date, typically within a week of your recommendation and education session you will be required to return to the office to present your SOA and the implementation process. With your approval and assistance we will:

• Present your financial plan and explain all of the strategies.
• Go about implementing your plan ensuring that the appropriate structures are put in place
• Ensure the right investments are held in the right structures
• Complete all required documentation and applications
• Ensure the administration and custody of your assets is set-up
• Assist in the selection and acquisition of assets

STEP 5 MONITOR & ONGOING REVIEW

To ensure your strategy remains up-to-date and in line with your needs, objectives and market condition we insist on continually monitoring your plan. We conduct a face to face review with you at least once a year however, by taking advantage of one of our ongoing service packages, we can maximize your strategy’s results by continually mentoring:

• The performance of the investments in your portfolio
• Trend analysis on your portfolio with current economic and market conditions.
• Product innovation
• Legislative and regulatory changes
• Any changes in your personal circumstances
• Asset review and additional capital deployment and protection with new assets

With Wealthrite’s premium client service package options many of our systems will automatically trigger new investment opportunities based on your existing portfolio’s equity growth. This allows you to purchase your next investment sooner and achieve your financial goals as quickly as possible.

Our Wealthirte philosophy is simple: We achieve our goals by assisting you achieve yours. Our whole-of-life approach is designed to assist you maintain your plan and achieve or exceed your financial goals through each stage of life right through into retirement.

Take action today to evaluate your options with securing your financial future. The most you need to risk is an hour of your time!