No matter what your circumstances are, here's what to expect at your first appointment with a financial adviser.
Step 1: Prepare
Your adviser will send you a confirmation of your appointment time and a copy of their Financial Services Guide (FSG) which is detailed explanation of the services offered.
In order to provide you with the right advice, your adviser will need to know more about you and your current financial situation. They’ll ask you to complete a ‘Needs Analysis Guide’ to outline your situation and you should bring any financial documents you have to your first appointment.
What to bring to your first appointment - download our checklist
Step 2: Your first appointment – goal-setting, fact-finding and quote
You’ll discuss your needs and provide your adviser with more information about you and your finances to help them find about what type of investor you are, your goals and what you want most from your money.
At the end of this meeting your adviser will summarise what they would need to prepare to meet your needs and the fee involved to do so. You can then decide if you’d like to go ahead with a financial plan and a further appointment.
Step 3: Your second appointment - financial plan presentation
If you have requested detailed advice, your adviser will present their advice and your financial plan to you. They’ll explain the strategies and recommendations to help you achieve your goals and discuss any questions you have.
Step 4: Taking action
Once you’re happy with the proposed plan, your financial adviser can help you make it happen.
Step 5: Monitoring and reviewing your situation
Once you’ve actioned your financial plan, it should be reviewed regularly to make sure it keeps up with the changes in your lifestyle and circumstances.