What is Financial Planning
Professional Investment Services (PIS) takes great pride in assuring the financial advice you receive is always tailored to your needs. To identify your personal financial goals a PIS adviser will take you through a simple step by step process.
Step 1 - Contact:
Make an appointment with a PIS adviser
Step 2 - Your finances and you:
Your PIS adviser can arrange a consultation that allows you to discuss your financial circumstances. Together you will identify where you are now and where you would like to be. We recommend you compile the following documents (listed below) for the initial interview to enable your adviser to obtain a clear understanding of your financial position.
- Personal investment details including investment and superannuation statements
- Tax returns
- List of liabilities eg - amount and applicable interest rates
- Additional assets
On first meeting, your PIS adviser will provide you with a Financial Service Guide which outlines their;
- Qualifications
- Responsibility for advice given
- Restrictions applying to advice given
- Fees and charges
- Complaint resolution schemes available
- Privacy information
Step 3 - Information appraisal:
Your PIS adviser will collect the necessary information to build and customise your new financial plan. Based on the information supplied your adviser will determine your financial position and classify your goals based on your risk profile.
Step 4 - The building blocks:
Your PIS adviser will develop the personalised strategies needed to build and enhance your financial future. This plan, along with formal written recommendations will be presented to you in a Statement of Advice.
Step 5 - Perfecting your strategy:
Here you will have the opportunity to discuss the proposal and make sure you are comfortable with the recommendations made by your PIS adviser.
Step 6 - Making it happen:
If you are completely satisfied, your PIS adviser will ask you to sign an 'Authority to Proceed' that formally documents your consent. Your adviser will then implement the agreed recommendations on your behalf.
Step 7 - We are here for you:
You will continue to have full support and assistance from your PIS adviser. Your financial objectives, goals and needs will be revised periodically to maximise the success of your financial wellbeing.
