Why get financial advice?
Financial advice is about more than money. It’s about helping you make decisions that fit your life, your priorities, and your goals. No matter what stage of life you’re at, having the right guidance can give you confidence that your finances are working as hard as you do.
Good financial advice isn’t just for ‘the wealthy’. Everyone has the potential to build financial independence, and a skilled Financial Adviser can help you turn your aspirations into action. By understanding what matters most to you, we provide personalised guidance and support, helping you navigate life’s milestones, make informed decisions, and take meaningful steps toward your financial future.
How can financial advice help you?
The right financial advice can make a real difference and help you:
- define and achieve your financial goals.
- make the most of your money.
- get any government assistance you are entitled to.
- avoid expensive mistakes.
- protect your income and your assets.
- protecting against unexpected events.
- feel more in control of your finances and your life.
- build a foundation for your future.
What to look for in a financial plan
A financial plan is officially known as a “Statement of Advice” (SOA).
Australian Investments and Securities Commission (ASIC) says a good Statement of Advice (SOA) should:
- address the reasons you sought advice.
- include recommendations that are relevant to you.
- refer accurately to your assets, liabilities, income and expenses.
- have a defined scope and explain what advice is and isn’t being provided.
- give cashflow projections (where relevant) to show how the recommended strategy will fit your income and expenses.
- present the advantages and disadvantages of complex strategic recommendations (if relevant).
- explain how financial products fit into the overall strategy and your risk tolerance.
- state all the costs.
Professional Money Management can help you make the right decisions about your finances. Call us today on (03) 51 433 450.