Do I need an adviser?
If you could achieve your financial goals by simply putting money in the bank, you wouldn’t need a financial plan. Unfortunately, life is complex. It’s hard for a layperson to understand all the intricacies of investment, taxation, super, pensions and ever-changing rules and regulations. Sometimes you need professional help.
Financial planning is a specialist profession. You should make sure that you get advice from a properly qualified person who will work in your best interests. We can help you reach your goals – the sooner you start, the more likely you’ll be to achieve financial independence and peace of mind.
What is financial advice?
Financial planning is about developing strategies to help you manage your financial affairs and reach your life goals.
Transactional
Financial advice can be transactional, such as when you have a specific issue that you need solved. For example the need to protect yourself or your family with insurance.
Holistic
Or financial advice can be holistic – where we establish an ongoing relationship and meet regularly to maximise and adapt your strategies as circumstances change. There is no right or wrong type of advice. It all depend on your needs and goals.
Aren’t advisers only for people who have lots of money?
This is an urban myth and couldn’t be further from the truth. An adviser is there to help you set achievable goals and to guide you through the process of achieving these goals. They can advise on questions like these:
- Do I pay off the mortgage or top up my super?
- How do I make my debt work the best for me?
- Can I afford an investment property?
- What happens to my family if something were to happen to me?
What should I expect from you as my adviser?
At Rawson Verco Need, we believe the best relationships are based on trust, respect and mutual understanding. Our two guiding principles are that:
- having a clear strategy is the key to long-term success
- our job as your adviser is to educate, not to dictate
In developing strategies for clients, we present factual information in understandable terms so you can make informed decisions. We often present a range of options to consider so you choose the best one for your circumstances.
How much does advice cost?
The cost of financial advice varies depending on the complexity of the strategy. It’s usually broken into two components – upfront costs and ongoing costs.
Upfront costs start from $550 and include formal recommendations for particular strategies and investment or insurance recommendations.
Ongoing costs include the cost to continually review your strategy, investments and insurances to ensure they remain suitable for your needs. We provide you with a quote for ongoing costs before implementing any advice.
What do I need to bring with me?
We often say that all our clients need to bring is an open mind and any questions they want answered. But in all seriousness, bringing in financial documents like home loan statements, payslips and superannuation statements is often a great start.
Is there anything we don’t do?
There are some things that financial advisers can’t do by law. In these cases, think of us as your project manager introducing you to specialists in specific areas. We have strong relationships with other professional service firms in mortgage broking, general insurance and estate planning who can provide you with the specialist advice that you need.