The Initial Consultation

The personal financial planning process is one that begins with defining your needs, objectives and your current situation. Once these are established, your financial planner is able to devise a plan to meet your financial goals.

Pre-meeting Preparation

To assist you in preparing for your first visit to a financial planner, a checklist of the likely information that will be required has been prepared. Of course, this list will vary according to your circumstances and the type of advice you require.

  • Income and Expenditure Checklist
  • Assets and Liabilities Checklist

Income and Expenditure

Income

  • current and projected income;
  • latest payslip (for employees);
  • profit and loss statements (for business income);
  • superannuation/ pension entitlements;
  • statement of other non investment income;
  • family trust distribution documents;
  • maintenance payment agreement;
  • most recent taxation returns;
  • annuity income statements; and
  • current CentreLink benefit statements.

Expenses

  • housing (rent statements, mortgage payments, rates, water, electricity, gas, telephone, house contents insurance, repairs/ maintenance, furnishings/ appliances);
  • transport (petrol, registration, insurance, maintenance, loan/lease payments, parking, public transport);
  • food;
  • health (health insurance, chemist, medical fees);
  • education (school fees, child care);
  • personal (clothing, footwear, entertainment, sports/hobbies, subscription/ fees, life insurance, disability insurance, superannuation contributions); and
  • other expenses (child maintenance/support, vet fees, etc).

Note: Your financial planner will not require copies of documentation that details this information. However, your financial planner will require you to provide an indication of these costs.

Assets and Liabilities:

Assets

  • principal residence;
  • holiday house;
  • investment properties;
  • farm;
  • vacant land;
  • collectibles;
  • house contents;
  • personal property (jewellery);
  • motor vehicles;
  • caravan/boat;
  • mortgages/loans receivables;
  • company of trust loan accounts;
  • life insurance cash surrender value; and
  • other assets/valuables.

Note: Your financial planner will not require copies of the documentation that details this information (eg. mortgage documents or title deeds). However, your financial planner will require you to provide an indication of the current value of all your assets.

Liabilities:

  • principal residence mortgage;
  • other property mortgages;
  • motor vehicle debt;
  • investment loans;
  • total credit card debt; and
  • other liabilities.

Note: Your financial planner will not require copies of documentation that details this information. However, your financial planner will require you to provide an indication of these costs.

Existing investments:

  • bank accounts;
  • fixed term investments;
  • current employee superannuation;
  • other superannuation (excluding rollovers);
  • personal superannuation;
  • rollovers;
  • shares and existing managed fund investments;
  • life insurance; and
  • other insurances (total and permanent disablement, income protection, trauma, general insurance, health insurance, business insurance).

Note: Your financial planner will not require copies of documentation that details this information. However, your financial planner will require you to provide an indication of the current value of these investments.

If you would like further information on Preparing for your Financial Planner please contact our office.