Financial planner Parramatta – Finding the purpose
Every individual is different and has different needs when it comes to their financial plan. The goal of professional financial planning Parramatta services is to find out about you, your finances, your lifestyle, and your family in order to find the purpose or purposes for your financial plan. The first step in finding out what services and products will best suit your needs starts with the initial meeting and ends with the implementation and regular review of your financial plan.
Financial planner Parramatta – What to expect
If you have never gone through the process of financial planning Parramatta, you will be facing the unknown. It is the unknown that most normal people fear. Instead of fearing the unknown, read the following so you basically know what to expect.
- Initial meeting – The first meeting is where your financial planner gets to know you. Their main goal is to understand you and discover how best you can work together to develop and implement your financial plan.
- Letter of engagement – If after the initial meeting, you agree with what the financial planner had to say and the options presented to you and then you will probably get a letter of engagement. This letter informs you that you now have a financial planner and you can begin the process.
- Fact–finding meeting – The next meeting will involve obtaining the appropriate information your financial planner will need to start working on your personalised plan. You will need to present various forms of paperwork and documentation as directed by your planner.
- Personal recommendations – Once your financial planner has all the documentation, paperwork, and information they need about you and your needs, they will start finding specific recommendations
- The presentation – After recommendations are made, another meeting to present them to you and explain their value to your financial plan will be made. Some of these recommendations may have already been briefly discussed in the initial meeting and some will be new to you.
- Implementation – Once you approve the financial plan your planner has developed, the implementation of the plan will begin. Your financial planning Parramatta professional will provide implementation services on your behalf.
- Annual reviews – Financial planners are professionals that don’t leave you behind after they have implemented your financial plan. Every 12 months, your plan will be reviewed to ensure it still meets your situation. If not, changes can be made to suit any lifestyle changes that may occur over the course of the year.
Financial planner Parramatta – A personalised plan for you
You can expect a personalised plan suited to your life and finances when you choose recommended financial planners in the Parramatta area. The following factors are covered in the planning.
- Creation – Investing, saving, Super funds, tax planning
- Protection – Understanding and structuring personal and/or business asset protection services
- Leveraging – Debt management and borrowing
- Enjoyment – Retirement, self-managed funds, aged care, financial affairs management, Super funds
- Estate – Estate planning, wills, PoA, testaments, trusts, business succession planning, asset structure planning
- Management – Cash flow analysis, budgeting, income splitting, salary packaging
Financial planner Parramatta – Why you should plan
There are a number of reasons people choose local financial planning services in Parramatta. Some want to make the most of their money through investing and some just want to ensure they can live a quality life in retirement. No matter why you choose to use a financial planner, there are ways they can help you maximise your financial life..
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