Financial advice costs

Financial Advice: Costs vs Benefits

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Most people delay or don’t seek advice about their finances until much later in life. Many people feel like you need to have a large lump sum of money to invest or be ready to retire to benefit from financial advice. This could not be further from the truth, and in some cases people wait too long or wish they had sought advice years before they actually had, especially after seeing the benefits it can bring.

What if I told you it didn’t cost you anything but a couple hours of your time to sit down with an adviser who can look at your current situation and help you identify a way to potentially save you money in tax, grow your savings faster, reduce your debts more quickly, buy a property or purchase that new car? Benefits can be seen in all stages of life by seeking advice and the sooner you start, the smaller the sacrifices are to meet the same objective.

It doesn’t matter if you’re a young professional looking to maximise savings to buy your first home, a young family looking to provide for your children’s education, or a couple in retirement wanting to make their money last; there are benefits for everyone who seek financial advice. Often the benefits can outweigh the cost in the first year alone.

Costs

Our fee structure is set on a fee-for-service basis which means after the free initial consultation, we agree on a price for the advice based on the amount of time it will take to research and prepare a strategy that is tailored to your needs. If you decide to proceed, we construct the advice into a report detailing proposed strategies and options of products from different providers along with complete disclosure of costs for each option.

In the next meeting we will go through the report and field any questions you may have in regards to the advice proposed so you can make informed decisions on the strategies and products presented for your particular circumstances.

Benefits

In some cases the cost of the advice is less than the benefits people see within the first year. Our clients often tell us they wish they’d sought advice years before because they would be in a much better position now. These benefits include maximising savings, reducing the amount of tax you are required to pay through tax-effective strategies, paying off your mortgage sooner, growing your investment portfolio, paying less for your insurance, or just having a sense of confidence knowing you're on track to realising your financial goals.

If you would like to find out more about how we can help you, contact us to arrange a free consultation.