What should I expect at my first meeting?
Your initial consultation with a financial planner will give you a chance to get to know each other. Most provide an initial consultation at their own time and expense.
Your financial planner will explain how their service works, and how it can work for you. You should receive a Financial Services Guide and an Adviser Profile and have these documents explained to you. You’ll have the opportunity to talk about your current financial situation and your financial goals.
Some questions to consider before your first meeting:
- Reflect on what you want in life. Start with the next few years. Are there any changes you’d like to make, or things you’d like to do? What about 5, 10 or 25 years from now? Where do you want to live? What do you want to be doing? Is retirement on your radar? Are there specific goals you’d like to meet in the near future?
- Consider your attitude to money. Are you a spender or a saver? A risk taker or someone who prefers more certainty? When it comes to spending and managing money, what do you enjoy and what keeps you awake at night? You can complete a Risk Profile questionnaire that can provide you with you personal risk profile in relation to different investments. You might be much more aggressive when investing your superannuation than you would be if saving for a home deposit.
- Think about the financial issues you find most challenging. Where do you think you could be making better decisions? What do you think you need to better understand? Do you know you have downfalls in specific areas?
Talk to your spouse or partner about these issues too. When you visit a financial planner, you’ll want to discuss what it is you want to achieve together as well as your individual dreams.
Many people also neglect to educate their children about money. What issues did you wish you knew about when you were younger. Is there something you could pass on to make their life a little easier going forward?
What to bring along
To help your financial planner gain a clearer understanding of your current finances and the services that could be right for you, a little preparation can go a long way. If possible, try to gather the following information before your first consultation:
- Your income. If it’s easier, feel free to bring in tax documents, especially if you have income from multiple sources or you’re self-employed. Otherwise, a recent payslip is helpful.
- Your assets. Including property, superannuation, savings and investments. Do you also have different structures like Trusts that hold assets?
- Your budget. An estimate of where your money goes each month, including your mortgage or rent, personal or business loans and credit card debt will be helpful.
- Insurance covers. Especially life, disability and income protection policies, if you have them.
- Questions. In addition to a list of your short and long-term financial objectives, bring any questions or concerns you may have. And write them down so you don’t forget any!
Your first meeting is informal so don’t worry about gathering all the details if you can’t lay your hands on everything. The important thing is to get started thinking about your financial future. If you choose to proceed with your Adviser, you can nail the details in subsequent meetings.
To find out more, contact us and we can guide you through the process.
Chances are by now you’ve heard all about Bitcoin… but you may not know too much about what it really is.
Bitcoin is a type of digital currency known as a cryptocurrency. It operates on a decentralised peer-to-peer networked program on your computer, meaning that transactions can be conducted between a buyer and seller without the need for any third party oversight such as a regulator or bank. The underlying technology that makes all cryptocurrencies possible is the blockchain.
Bitcoin’s ‘wild run’
Bitcoin’s value has oscillated wildly. It peaked at US$20,000 in mid-December 2017, lost 40 per cent of its value within a week, then bounced back and hasn’t stopped bouncing since.
What are the risks?
Bitcoin certainly has all of the hallmarks of a ‘speculative bubble’ and history is littered with plenty of examples of speculative fevers that ultimately collapsed. Another risk is regulation. Some cryptocurrencies are becoming the preferred medium of exchange for criminals due to anonymity, if governments can find a way to crack down they surely will.
Want to know more?
There’s lots of information now available. Have a chat to your financial adviser who can help you work out if Bitcoin or cryptocurrency, merits further investigation or is worth leaving behind.
My latest baby has now arrived… and ok, it’s been 19 years between births and this one didn’t hurt quite so much, (or weigh over 4 kgs) but my first book has now hit the shelves!
Financial Secrets Revealed hit bookstores just before Xmas and features interviews with 20 pretty amazing people.
I’ve interviewed 8 amazing ladies who are kicking goals as business owners and asked the best advice they’ve ever been given. I’ve spoken with Financial Advisers from Australia and the UK about their back stories, how they got involved in financial services, and the top tips they like to leave their clients. I’ve also found four amazing everyday heroes who are happy to go about their daily lives, and also make a difference, whether to their families or globally. I ask how they manage – on Centrelink pensions, running an international charity or heading into space for NASA.
If you’d like to learn about the setbacks suffered by entrepreneurs and how they’ve recovered, how our beliefs around money affect our behaviour, if budgets are all they’re cracked up to be, then Financial Secrets Revealed may just be the book you’ve been looking for.
A New Year is often the time we swear that this is the year we’ll finally get on top of our financial situation, so maybe this is the incentive you need to stay motivated and on track with your money goals.
If you’d love to get your hands on a copy, you can let me know directly, or find the book locally or on Amazon.com Booktopia.com.au or Barnes & Noble. Also available as an e-book. I’d love to hear your key take-outs from the book and what you learnt from the interviews. Stay in touch!
PS If you’re in Sydney, I have my book launch coming up at Business Chicks HQ on Feb 7 from 5.30 and would love to see you there. Get your tix here.
Well, today’s the day that I received my final copy of my manuscript back from the publisher! How cool is that??
I’ve cast my eye over the final copy, the book cover and we’re ready to hit the print button. Can’t hardly wait!
I’ve had some amazing mentors through this writing journey with the fabulous Andrew Griffiths coaching along the way and Michael from Hanrahan Publishing providing guidance and accountability along the publishing path.
I’d also love to do a shoutout to Brad Fox for putting together the Foreword of my book Financial Secrets Revealed. We first met ten years ago when Brad was starting out in advice and it’s been great to see his journey and transformation over those years.
As he points out, you won’t find any get-rich-quick schemes in the book, but it’s all about questioning your relationship with money which is something we all need to do – and preferably sooner rather than later.
As Brad says, ‘money is an enabler’ so what will you find to do with it?
Hopefully, I’ll be giving you the link to purchase in the very near future!
So tomorrow I embark on adventure! (Ok, another one…)
A few years ago, I first heard about FinCon, a conference in the USA where money nerds, and finance bloggers unite, and I figured I just had to be a part of that!… sometime.
I’m all about learning how to create more amazing content for my online platforms, and how to best promote this valuable information to reach my audience with marketing techniques, branding and networking. I’d also love to pick up a few tips on pod-casting and interview some of the amazing people in my upcoming book Financial Secrets Revealed in a series. There’s always so much to learn!
This year, the conference is being held in Dallas, Texas, meaning I’m taking one of the longest flights ever to get there! A couple of years ago, this was a 17.5 hour flight and the longest flight on earth! (Sydney – Dallas) It’s now 15.5 hours long and has been pipped by an Auckland – Dubai trip, with more routes being offered that will beat that again in the coming year.
There’s a contingent of a few Aussies I know from the financial services profession, from advisers to product providers, who are also heading over and we’re sure to be picking up some amazing tips and sharing ideas amongst ourselves as well. We might even fit in a a basketball game! I hear the Philadelphia 76ers are playing the Dallas Mavericks while we’re there…
We’ve downloaded and signed up on the app, introduced ourselves and are ready to roll. One more sleep and I’m off!
Now, I’m no stranger to long haul flights but would love to hear any tips you have for how you manage to stay sane onboard… and if there’s anything you’d love me to ask the amazing presenters and sharing crew at FinCon too.
So my new book Financial Secrets Revealed covers off financial tips from Business Gurus and Financial Geniuses, and that may interest you… but what about the everyday battlers? Those heroes who go about their lives trying to make ends meet and make a difference…
I’ve included the amazing story of Amy Neeson, who’s had more than her fair share of ‘tough luck’ thrown her way and ask how she handles her finances. I’m talking family cases of open heart surgeries, hernia, melanoma, intellectual impairment, broken bones, flesh eating amoebas, heart disorders and more… Seriously!
I delve into her (ok, our) family life growing up (she is my sister!) and how she’s handled financially all the massive hurdles thrown their way.
She also lets us know what advice she’d love to leave for her children to follow and the best financial tips she’s ever been given.
Financial Secrets Revealed is in it’s final stages of edit and will be ready to order in the near future. I hope you’re excited to get your hot little hands on a copy when they’re available! Not long now!
Now availabe on Amazon, Booktopia, Barnes & Noble, as an e-book and at all good book stories.
Ever wondered what secrets an award winning financial adviser shares with her clients?
Meet Jenny Brown, an amazing adviser based in Victoria who features in Financial Secrets Revealed.
Jenny shares her story of growing up in a rural area in southern Australia and being taught that ‘money didn’t grow on apple trees’ seeing they were surrounded by orchards. She shares how delayed gratification and working hard for what you wanted was just how things were done.
We follow her journey from advertising and into financial advice and the best advice she was given along the way from some of her mentors.
I love Jenny’s main advice tip to just ‘Get started.’ As we know, there’s never a perfect time. Don’t worry about if it’s too late or too early, just begin your financial journey and don’t be afraid to ask for help along the way.
If you want to learn more about Jenny’s story, what she thinks about budgets and business plans, and her favourite form of investment, then get ready for Financial Secrets Revealed where you’ll learn so much more.
Stay tuned, book release date isn’t too far off now!