our financial planning process

At Propel Financial Advice, we adopt a “goals-based financial advice” process to help provide you with high quality financial advice tailored to your required needs.

In order to be able to provide the most suitable advice possible, it is critical to understand what your short, medium, and long term goals are. We can then assist you in developing a strategy that will provide you with the best chances of reaching your goals.

At all stages of the advice process it is encouraged for you to ask any questions. Our role is to help educate you in order for you to make important financial decisions with confidence.

The advice process is typically completed via a series of meetings as outlined below:

process_1
MEETING 1:
DISCOVERY

The aim is to outline your financial goals

Read More
process_2
MEETING 2:
PLAN PRESENTATION

Our tailored advice based on research for your situation

Read More
process_3
MEETING 3:
IMPLEMENTATION

Finalising strategies and starting their implemention

Read More
process_4
MEETING 4:
POST IMPLEMENTATION

Follow up on the implementation of strategies

Read More
process_5
MEETING 5:
ONGOING REVIEW

After 6 or 12 months, we evaluate the progress of your goals

Read More

MEETING 1: DISCOVERY

For example

Short Term Goal

Typically a goal you wish to achieve within a 2-year timeframe.

Eg, Purchase a new car for the sum of $100,000 in 18 months’ time.

Medium Term Goal

Typically a goal you wish to achieve within a 2-year timeframe.

Eg, Purchase a new car for the sum of $100,000 in 18 months’ time.

Long Term Goal

Typically a goal you wish to achieve in a period greater than 5 years.

Eg, Retire at age 65, with an income of $100,000 per annum and an additional $25,000 per annum for travel. Or if you’re already retired, invest my retirement savings of $2.5 million to generate an income that supports my desired retirement lifestyle.

In addition to outlining your financial goals and objectives, it is also important to understand your current financial position to see where you are today. This is an essential step in delivering high quality advice.

Throughout the discovery process we establish your comfort levels and understanding of general financial matters such as cash flow, investing, superannuation, estate planning. Getting a feel for this assists us in guiding you through the advice process, and helps familiarise you with important financial matters.

We also discuss Investment Risk, and work through a risk profiling process to help identify and understand your tolerances to certain risks. This is particularly important so that we can provide you with advice and recommendations that you will be comfortable adopting.

MEETING 2: PLAN PRESENTATION

Long Term Goal

Typically a goal you wish to achieve in a period greater than 5 years.

Eg, Retire at age 65, with an income of $100,000 per annum and an additional $25,000 per annum for travel. Or if you’re already retired, invest my retirement savings of $2.5 million to generate an income that supports my desired retirement lifestyle.

In addition to outlining your financial goals and objectives, it is also important to understand your current financial position to see where you are today. This is an essential step in delivering high quality advice.

Throughout the discovery process we establish your comfort levels and understanding of general financial matters such as cash flow, investing, superannuation, estate planning. Getting a feel for this assists us in guiding you through the advice process, and helps familiarise you with important financial matters.

We also discuss Investment Risk, and work through a risk profiling process to help identify and understand your tolerances to certain risks. This is particularly important so that we can provide you with advice and recommendations that you will be comfortable adopting.

RECOMMENDATION

I have known and trusted Luke as my financial advisor for many years now. He has always been proactive in looking after our best interests, and has always met his commitments to us - always and without exception.

~ Allan Golding

MEETING 3: IMPLEMENTATION

Eg, Retire at age 65, with an income of $100,000 per annum and an additional $25,000 per annum for travel. Or if you’re already retired, invest my retirement savings of $2.5 million to generate an income that supports my desired retirement lifestyle.

In addition to outlining your financial goals and objectives, it is also important to understand your current financial position to see where you are today. This is an essential step in delivering high quality advice.

Throughout the discovery process we establish your comfort levels and understanding of general financial matters such as cash flow, investing, superannuation, estate planning. Getting a feel for this assists us in guiding you through the advice process, and helps familiarise you with important financial matters.

We also discuss Investment Risk, and work through a risk profiling process to help identify and understand your tolerances to certain risks. This is particularly important so that we can provide you with advice and recommendations that you will be comfortable adopting.

MEETING 4: POST IMPLEMENTATION

Throughout the discovery process we establish your comfort levels and understanding of general financial matters such as cash flow, investing, superannuation, estate planning. Getting a feel for this assists us in guiding you through the advice process, and helps familiarise you with important financial matters.

We also discuss Investment Risk, and work through a risk profiling process to help identify and understand your tolerances to certain risks. This is particularly important so that we can provide you with advice and recommendations that you will be comfortable adopting.

MEETING 5: ONGOING REVIEW

Throughout the discovery process we establish your comfort levels and understanding of general financial matters such as cash flow, investing, superannuation, estate planning. Getting a feel for this assists us in guiding you through the advice process, and helps familiarise you with important financial matters.

We also discuss Investment Risk, and work through a risk profiling process to help identify and understand your tolerances to certain risks. This is particularly important so that we can provide you with advice and recommendations that you will be comfortable adopting.

Ready to get started? Contact us today