Meeting With Your Financial Planner or Melbourne Accountant

You would want to make the most of your first meeting with you financial planner or Melbourne accountant, which can be your trusted Melbourne accountant. Make sure you’re organised and know exactly what to bring.

A financial planner or Melbourne accountant is a person who helps us with our finances and who helps us plan for our future. They can be very helpful in finding ways for us to make sure that our assets will not lessen or to ensure that our families will not suffer any financial hardship if there are any future issues which may lead to a loss of income.

When you meet with your financial planner or Melbourne accountant, there are a few things that you should do prior to your first and to your subsequent meetings. Here are some tips that will both show you what to expect and will help you to get the best out of your upcoming meeting with your financial planner or Melbourne accountant.

Check Credentials

It is very important to make sure that your financial planner or Melbourne accountant is licensed and is an authorised financial representative. They have to give you a Financial Services Guide (FSG), which lists their qualifications, licence number as well as their fees.

You would not want an unqualified doctor giving you medical advice, so make sure that the financial planner or Melbourne accountant you have is qualified to offer you financial advice. If they do not or cannot provide you with their credentials, then it is best to look elsewhere for financial advice.

Things You’ll Need to Take

Your financial planner or Melbourne accountant will ask you certain questions to find out what your financial needs will be. It is a good idea to make up a list that contains the financial goals that you wish to have – just so you don’t forget anything during your meeting.

Gather as much information as you can, so that your financial planner or Melbourne accountant will have all of the information that they need. The more information you provide them with, the better their service will be to you. Also, this ensures that they will be able to create a more effective financial plan for you.

Ask Questions

If your financial planner or Melbourne accountant says something that you do not understand, then ask them to explain it. The only way for your financial planner or Melbourne accountant to help you is if there is good communication and understanding between the two of you.

Also, if you have any questions, make sure that you ask them. Always make sure that you completely understand everything that is being said. It is very important that you understand all of the recommendations fully – especially before you decide whether or not to proceed with this financial planner or Melbourne accountant. It is even more important to make sure that you understand everything prior to signing any agreements with them.

Statement of Advice

Your financial planner or Melbourne accountant will offer their strategy to you. This must follow the Australian Securities and Investment Commission’s law and be presented as a “Statement of Advice”. This is a written document which you must make sure that you are given a copy of.

What Happens Next?

If you decide to proceed with this financial planner or Melbourne accountant, then you will have to sign the necessary documents that will implement the recommendations. Be prepared to fill out some application forms and paperwork.

It is important to note that you will be required to provide some of your family information, such as your complete health history – including the name and contact information for your doctor, and your family history. This is necessary for applications for life insurance. Make sure that you have this information with you, so that you will be able to fill the application forms out.

After this, you will have periodic reviews with your financial planner or Melbourne accountant, so that your financial situation can be assessed and monitored. You must agree with your financial planner or Melbourne accountant on how frequently you will meet. This might be every 6 months or perhaps once a year.



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