Good Advice is Worth Paying For
Our clients recognise that there is no one-size-fits-all formula for financial success.
They also recognise that a long-term, customised and personalised service, devised by an expert, adds significant value to their net wealth and lifestyle. In return, we recognise that our clients expect to receive a clear understanding of the fees they will be paying for our service.
Ongoing Advice
Wealth Planning Partners ongoing advice service is our major strength. We regularly monitor each client's portfolio to ensure the risk and return profile to best suit the circumstances, prevailing economic circumstances and our view of potential opportunities.
Included in our ongoing advice fee, we:
- Understand key domestic and international markets
- Monitor events (regulatory, legal, economic)
- Analyse your portfolio
- Evaluate potential products
Trade products where appropriate.
Initial Consultation with Wealth Planning Partners
Wealth Planning Partners does not charge for an initial consultation. Instead, we will discuss your circumstances and financial goals. This initial time taken is at our expense.
The personal financial planning process is one that begins with defining your needs, objectives and your current situation. Once these are established, we are able to devise a plan to meet your financial goals.
We will advise you of what you need to bring with you to the first meeting. We may ask you to fill in a fact finding questionnaire about your current situation before the meeting takes place or during our time together.
Our Role at Wealth Planning Partners
We aim to help you identify your financial goals and then create a roadmap to achieve those goals in the most efficient and effective way. This allows you to outsource your financial worry. We bring:
- Leadership, accountability and focus
- A long-term relationship based on trust; and
Capability – which road you take can give you a better chance of achieving your goals
There are three psychological factors we believe you need to achieve your goals. They include:
- Optimism – the more optimistic you are, the more successful you are likely to be
- Discipline – means taking the long term view
- Patience – having the persistence to stick with the program
Other practical factors for long term success include:
- Diversification
- Rebalancing
- Basic Fund Selection
Development of strategy
Once all of your relevant information has been collected, we will determine the most appropriate strategies to help you achieve your goals. We will document our advice and present this to you in a clear and easy to read manner. These prices are indicative and include GST.
- Simple advice - $550
- Medium complexity advice - $1 375
- Complex advice - $2 750 plus
Advice fees – we give you the choice
We are upfront and open about our fees and you will face no surprises. We will notify you of the charge for providing you with a comprehensive financial plan before you make any commitment.
The charge for a plan that covers your overall financial position can vary depending on the complexity of your circumstances. Fees may be paid directly or via products in the form of fees and/or commissions.
We charge no exit fees and no switching fees. We do not accept any commission, rebate, or fee – either monetary or non-monetary – that is not fully disclosed.
Ongoing service fees – again, we give you the choice
At Wealth Planning Partners, the client is in the driving seat – the choice is always yours. Once we provide you with your financial plan, you can then choose to select our ongoing advice service under which we will monitor your investments, your circumstances and the economic conditions on an ongoing basis. We will also provide you with advice on any changes required.
Again, for this service, we give you a choice. You can pay via an upfront fee-for-service or via ongoing, open and transparent commissions. Full details of any fees or commissions which you need to pay to implement the recommendations in your financial plan will be disclosed and explained.
How we charge
- Our hourly charge is up to $330 per hour.
- All fees quoted will be inclusive of GST, which includes initial advice and ongoing support throughout the year. During the second and subsequent years, you are required to pay an ongoing service fee, depending on your choice of service.
- You can pay via cheque or we can debit your funds to be invested.
- Fees are payable upon presentation of advice and on commencement or implementation of advice.
Wealth Planning Partners Mission Statement
Wealth Planning Partners are in business to ensure you succeed financially with a carefully structured plan. We will help you arrange both asset protection and wealth creation via appropriate strategies tailored to your individual needs.
Amanda Cassar – Director
Wealth Planning Partners
P O Box 3592, Burleigh Town Qld 4220
07 5593 6895 or 0410 455 158
amanda@wealthplanningpartners.com.au
