What to expect during your first appointment with a Financial Planner
Scheduling that first appointment with a Financial Planner is the first big step in getting the advice to achieve your financial goals. It is never too early or too late to meet with a Financial Planner to protect your wealth.
A Financial Planner, being a qualified professional, works with you to gain control and confidence over your finances to support you with building your wealth and accomplishing your financial goals.
Going to meet with a Financial Planner or a Financial Adviser can be daunting – remember they are the expert and gateway to work with to achieve your financial goals.
So, what should you expect when you first meet with a Financial Planner?
At the first appointment, the Financial Planners main purpose seeks from you;
Identify the advice you are hoping to achieve
Gather an overview of your personal situation
Review your current goals and what future goals you aim to achieve
Your Personal Situation
During that first appointment, its great to bring along information which is factual to your current situation to assist us with planning to achieve your financial goals. Documents to bring along with you can include;
Details of Assets e.g family home, motor vehicle, investment property
Details of Liabilities e.g mortgage, personal loans, credit card debt
Fixed expenses e.g mortgage repayments
Insurances you currently hold either within superannuation or held elsewhere
Investments e.g shares, managed funds
Once we have obtained your factual information, we want to get a comprehensive understanding of where you see yourself going dependant on your life stage and how we can work with you to achieve your financial goals.
How much do you currently have to purchase your first home?
Do you want to achieve paying off your mortgage sooner?
How do I build funds to pay for my children’s education?
How am I able to purchase an investment property?
How do I build wealth outside of my family home and superannuation?
Am I on track for retirement?
I am soon to retire; what now?
The aim of the first meeting with a Financial Planner is all about you. If your Financial Planner has conversations not directed around you, then potentially they may not be the right fit for you.
After that first appointment, the Financial Planner will go away to identify and plan on how they can best assist you with achieving your financial goals.
Coming along to meet with a Financial Planner sets the motions for you now starting the process of building a better understanding of where you will be financially and how you are going to get there with your Financial Planner.
Lifelong Wealth Holdings Pty Ltd ABN 72 629 538 218 is a Corporate Authorised Representative of RI Advice Group Pty Ltd ABN 23 001 774 125 AFSL 238429.
The information provided is general advice only. It has been prepared without taking into account any of your individual objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. The information contained on this website is intended for Australian Residents only. Updated 3rd March 2022.