Genuine Fee for Service Financial Planning
Overview
The Australian financial landscape is littered with investment disasters that have caused investors to lose millions of dollars.
Unfortunately many investors often rely on advice that is compromised because it comes from advisors who receive massive ‘kickbacks’ and commissions behind the scenes.
Genuine fee for service advice gives you three distinct advantages
- The fee you pay remains the same, regardless of how much you have to invest. If you’re just starting out, you won’t pay for advice you don’t need. If you have a well established portfolio, you will not be penalised for having more to invest.
- You can be confident that we give you advice solely with your best interests in mind. When Property Planning Australia receives a commission payment on non-insurance products, we will rebate it to you in full.
- Your service package quantifies the service you will receive for the fee you pay. This means Property Planning Australia advisers are fully accountable to you for the service they provide.
We are a team of professional and experienced financial advisors who analyse the investment markets daily, evaluate your personal and financial circumstances and develop a tailored plan that charts a course for your financial future.
We specialise in wealth accumulation and retirement planning and understand that minimising tax, maximising investment returns and rapidly reducing non-deductible debt are the keys to optimising the long-term value of your assets.
Furthermore a critical part of this is the way you structure your finances , but getting it right isn’t easy, given the range of financial products available and the rate of change in economic conditions, investment markets and associated legislation.
Property Planning Australia Financial Planning will develop a personalised, easy-to-understand plan based on our analysis of these trends and our assessment of your personal and financial circumstances. Your plan can include provision for possible changes in your situation, such as starting a family, becoming self-employed or retiring from the workforce.
To discuss how Property Planning Australia can assist you please contact us or call on 03 9819 4088
What is genuine fee for service
When you purchase a property does your Conveyancer charge a fee based on the value of the property? Or does your Accountant charge you more each time you get a pay rise?
The answer to both questions is no! Professionals charge a fee based on type and level of service they provide.
Then why do we think it is acceptable for a financial advisor to charge you more when you have more to invest.
Think about it logically. Two investors want to invest in the same managed fund. One invests $100,000 and the other invests $200,000. A commission remunerated financial planner will get paid twice as much for advising the second client yet the level of service and advice is exactly the same.
Unlike most financial advisors Property Planning Australia does not agree that the more money you invest the more we get paid.
Our fee is determined by the type and level of service that is appropriate for your individual circumstances.
Before you engage any financial advisor you should ask two important questions.
Do you rebate all investment commissions?
Some financial planners only rebate you the fee you have paid and then keep the remaining commission. We rebate all investment commissions. To our clients surprise in many cases they receive more in commission rebates than the fee we charge.
Is the fee the same regardless of how much money I have to invest?
Some financial planners will adjust their fee up the more you have to invest. At property Planning Australia our fee is set and only changes when you upgrade the level of service you require.
To discuss how Property Planning Australia can assist you please contact us or call on 03 9819 4088
Your Financial Plan
The first step on the road to financial freedom is to develop a clear path to follow. To do this our financial advisors will review where you are now and develop a plan to help you get you to where you want to be.
Depending on your circumstances and needs, your financial plan may cover:
Investment planning
Our financial planners can advise you on a wide range of investments including shares, managed funds and listed property trusts. Together with our property advice you can be confident all your investments are working for you.
Our advisor's will ensure you
- select and finance appropriate investments for your individual requirements
- develop an appropriate holding structure
- allocate assets in the context of your risk profile and market trends
- monitor your investments to reflect market and legislative changes
Superannuation planning
Superannuation planning is the back bone of your long term investment and retirement strategy. Our advisors will ensure your superannuation is working effectively for you and because of our unique genuine fee for service you can be certain our advice is focused directly on what is right for you.
Our advisor's will ensure you
- have an appropriate investment selection
- build your super balance by understanding the changing legislative environment
- are paying an appropriate level of management fees
- use self managed superannuation legally and effectively
Tax planning
Tax planning can save you thousands of dollars now and in the future. Our advisors project into the future to ensure your tax structure will be well suited to take advantage of your short and long term entitlements.
Our advisor's will identify how to
- legally and ethically minimise current income tax
- legally and ethically minimise future capital gains tax
- have the most appropriate ownership structure
- take advantage of changes to tax laws
Risk management planning
Risk management planning will help you hedge against current or future risks to your investment portfolio. Investing in any asset class will expose you to risk. It is our job to make you aware of the type and level of risk and develop ways to minimise its impact.
Our advisor's will identify
- adequate risk insurance cover mindful of cost, policy and tax structure
- business succession planning considerations if you are self-employed
- appropriate asset allocation within your risk profile
- ways to manage current and future asset protection issues
Estate planning
Estate planning is important to ensure loved ones are looked after in the event of death. Unfortunately we have no control over how and when we will pass away. Astute estate planning will assist your loved ones through an already difficult time. If you want your family and/or dependents to be better off in the event of death then estate planning is vital to your financial plan.
Our advisor's will identify
- ways to transfer wealth to beneficiaries in a tax-effective way
- a Will that ensure assets go to your nominated beneficiaries
- appointment of appropriate guardians for your children or dependents
- setting up powers of attorney if you are unavailable or become physically incapable of making decisions.
Property Planning Australia offers full and partial financial plans designed to cater to your individual requirements.
To discuss how Property Planning Australia can assist you please contact us or call on 03 9819 4088
Ongoing services
Once you have developed your plan it is then time to put it into action. Property Planning Australia offers you the choice of ongoing services to reflect the level of assistance you require.
The level of ongoing service will be determined by how complex your financial situation is taking into account the types and spread of investments in your portfolio, your stage of life, the type of superannuation, employment status and how aggressive your strategy is.
Remember all investment related commissions we receive from third parties will be rebated back to you in full. In some cases these rebates will be more than our fee to you.
Our ongoing advice
Unlimited — is our premier service agreement that will provide you unlimited access to all our financial planning services during business hours. This service is perfect for the client who has a large amount of money invested and is actively working their investments. This could be someone who is transitioning to retirement, actively trading shares, self managing super, has a complex ownership structure or who has a diverse portfolio
Unlimited priority access to your own financial adviser
You will be given unlimited priority access to your own financial adviser to assist you with any queries.
Half yearly reviews of your financial plan
To make sure you are on target, we will contact you twice a year to review your total financial position, your objectives and strategy and if required prepare an updated financial plan. This plan will encompass changes to any of the following:
- Taxation
- Superannuation and/or insurance
- Economic and investment cycles
- Portfolio management and investment advice
- Government payment entitlements
- Estate planning
An alert system to inform you of new opportunities
Should any new opportunities or strategies arise as a result of legislative or industry changes we will alert you of these changes and advise how you can take advantage of such opportunities. These may include improvements or refinements to
- Taxation
- Superannuation and/or insurance
- Economic and investment cycles
- Portfolio management and investment advice
- Government payment entitlements
- Estate planning
An annual advice statement
A written statement will be provided to you to document any changes or to reconfirm your current position.
Ongoing advice statements
As things change which affect your plan such as changes to your personal circumstances, legislative changes or market changes a statement of advice will be provided, no matter the complexity.
Insurance claims handling
Comprehensive claims handling is provided starting with submission of your claim followed by management of the claims process to resolution.
Liaising with third parties
We will liaise with your Accountant or Solicitor to discuss your estate planning or taxation needs as appropriate and or requested. This service extends to other independent advisers you would like us to liaise with, such as stock brokers.
Government benefits
You will receive ongoing advice as to your eligibility to apply for government benefits.
Topical seminars
You will be invited to practice events from time to time. These events will ensure you are kept abreast of current market issues as well as any developments within our practice.
Comprehensive — is our all inclusive service agreement that gives you limited priority access to all our financial planning services during business hours. This service is perfect for the client who has a significant amount of money invested and is actively building their wealth. This could be someone who is at the peak earning stage of their lives, actively transacting investments, transitioning to a self managed superannuation fund, has a complex ownership structure or who has a diverse portfolio.
Priority access to your own financial adviser
You will be given priority access to your own financial adviser to assist you with any queries. Twelve contact hours via phone, email or in person are included for ongoing servicing and review needs.
An annual review of your financial plan
To make sure you are on target, we will contact you each year to review your total financial position, your objectives and strategy and prepare an updated financial plan. This plan will encompass changes to any of the following:
- Taxation
- Superannuation and/or insurance
- Economic and investment cycles
- Portfolio management and investment advice
- Government payment entitlements
- Estate planning
An alert system to inform you of new opportunities
Should any new opportunities or strategies arise as a result of legislative or industry changes we will alert you of these changes and advise how you can take advantage of such opportunities. These may include improvements or refinements to superannuation or taxation strategies.
An annual advice statement
A written statement will be provided to you to document any changes or to reconfirm your current position.
Ongoing advice statements
As things change which affect your plan such as changes to your personal circumstances, legislative changes or market changes that result in the need for more than one statement of advice in a given year you will be provided this at a discounted fee.
Insurance claims handling
Comprehensive claims handling is provided starting with submission of your claim followed by management of the claims process to resolution.
Liaising with third parties
We will liaise with your Accountant or Solicitor to discuss your estate planning or taxation needs as appropriate and or requested. This service extends to other independent advisers you would like us to liaise with, such as stock brokers.
Government benefits
You will receive ongoing advice as to your eligibility to apply for government benefits.
Topical seminars
You will be invited to practice events from time to time. These events will ensure you are kept abreast of current market issues as well as any developments within our practice.
Essentials — is our base level fee for service option. This service is perfect for the client who has developed a strong equity base and is now looking to make their investments work harder for them. This could be someone who is about to enter the peak earning stage of their lives, has a home with a significant amount of equity, considering self employed working options or have recently developed a full financial plan.
Priority access to your own financial adviser
You will be given access to your own financial adviser to assist you with any queries. Six contact hours via phone, email or in person are included for ongoing servicing and review needs.
An annual review of your financial plan
To make sure you are on target, we will contact you to review your total financial position, your objectives and make recommendation to your existing strategy. A full updated financial plan is not included. This review will encompass changes to any of the following:
- Taxation
- Superannuation and/or insurance
- Economic and investment cycles
- Portfolio management and investment advice
- Government payment entitlements
- Estate planning
An annual advice statement
A written statement will be provided to you to document appropriate investment switching or to reconfirm your current position.
Insurance claims handling
Comprehensive claims handling is provided starting with submission of your claim followed by management of the claims process to resolution.
Liaising with third parties
We will liaise with your Accountant or Solicitor to discuss your estate planning or taxation needs as appropriate and or requested. This service extends to other independent advisers you would like us to liaise with, such as stock brokers.
Government benefits
You will receive ongoing advice as to your eligibility to apply for government benefits.
Opportunity Notification
From time to time we may contact you as opportunities present themselves which we feel may benefit your situation.
Strategy Alterations
Major strategy alterations involving a comprehensive written recommendation will be drafted in accordance with our initial plan fee agreement.
Topical Seminars
You will be invited to practice events from time to time. These events will ensure you are kept abreast of current market issues as well as any developments within our practice.
Basic — is our commission alternative. In some cases if you are just starting out our genuine fee for service model may not be the best option. This is why we have created our basic service offering designed for clients who are just starting out and want to ensure they begin on the right foot. This could be someone who is saving for a deposit for their first home, at the early stages of career development or considering their initial investment and superannuation options.
Access to your own financial adviser
You will be given priority access to your own financial adviser to assist you with any queries. Three contact hours via phone, email or in person are included for ongoing servicing and review needs.
Insurance claims handling
Comprehensive claims handling is provided starting with submission of your claim followed by management of the claims process to resolution.
Liaising with third parties
We will liaise with your Accountant or Solicitor to discuss your estate planning or taxation needs as appropriate and or requested. This service extends to other independent advisers you would like us to liaise with, such as stock brokers.
A Flexible Review
Your financial plan will be reviewed whenever you require in accordance with an agreed fee. This will include ongoing investment switching advice and risk management planning advice.
A Property Planning Australia advisor never ‘sets and forgets’ they review your financial plan periodically to ensure that the strategies remain relevant and effective.
To arrange a time to meet with one of our advisors contact us or call us on 03 9819 4088
Superannuation Rollover
If you are uncertain about the fund you are currently in or like many people you have a number of superannuation funds from previous jobs all incurring ongoing fees it may be time to get Property Planning Australia to review the fund/s and if required consolidate them into a focused investment strategy.
Recent studies have shown that many people have been advised to roll over into new superannuation funds that gave them little or no benefit and in some cases even made them worse off. This highlights the concern of commission remunerated financial planning where the advisor only gets paid if you transfer to a different fund.
Our Superannuation rollover service includes collecting data on all existing funds, comparing the different products available to you and recommending a fund most suited to your needs. This fund could be an industry fund, large public fund or self managed fund.
We will review your risk profile and the asset allocation then prepare a revised plan. Our advisor will then present the plan and implement any required rollover.
To discuss how Property Planning Australia can assist you please contact us or call on 03 9819 4088
Risk Insurance
Isn’t it peculiar that we all place a significant focus on protecting our least important assets. We all insure our home, car, housing contents, our business and even our holidays. But when it comes to our most important asset many of us stick our heads in the sand.
It is only when we sit down and think about it that we remember what our biggest and most important asset is – ourselves. Your ability to earn income is an essential investment tool. It is vital to protect it.
There are four types of insurance you need to consider to ensure you are able to continue to meet your ongoing financial obligations. These are: income protection, trauma insurance, Total Permanent Disablement (TPD) and life insurance.
Income protection pays up to 75% of your gross monthly income while you are unable to work due to sickness or injury. A good quality contract will typically cover you through to 65 years of age and provides the foundation of your living insurance needs.
Trauma insurance pays a lump sum should you be diagnosed, with one of a defined list of crisis events grouped under cancer, coronary, and other serious trauma including major head trauma, benign brain tumor, major burns to name 3 of many. This is living cover as most people recover from these trauma events but the financial damage can be irreparable without insurances.
Life insurance pays a lump sum upon death. Provisions to cover outstanding debts and to provide an investable sum of money large enough to replace income for dependents and loved ones is generally optimal.
Total and Permanent Disablement (TPD) pays a lump sum should you suffer from a defined list of events that render you totally and permanently disabled and unable to ever work again. A living cover, any claimable payment is likely to be fundamental to the claimant and there loved ones to assist with replacing future earning capacity, as well as funding expenses such as repayment of debt and medical expenses to name a few.
No cost to you
Risk insurance is not an investment product as a result we do not charge a fee for our advice. We have open access to a wide range of insurance companies. It is our job to review all the insurance options available to you and recommend the most appropriate option. Along with industry best practice the insurance company that has the most suitable product will pay us a fee. All fees we receive from any insurance company will be disclosed to you in full.
How we remunerate our advisor's
We pay our risk insurance advisor’s the same percentage of the premium amount, regardless of the insurer with whom the policy is placed. This means our advisors have no vested interest in steering you towards an insurer that pays Property Planning Australia Financial Planning a higher commission.
The upshot is that we have no vested interest in recommending one insurance policy over another — so you know that your interests are our primary concern.
To discuss how Property Planning Australia can assist you please contact us or call on 03 9819 4088
