At your first meeting, we will ask you about you – about where you are now, about your expectations, about how you would like to live your life.
Then we will conduct something called “fact finding” – we will ask about your personal circumstances and your attitude towards risk (whether you are a conservative or aggressive investor, or somewhere in between).
Don’t be surprised when we ask for detailed personal information – we need it to put together your financial plan!
We will ask for your:
- current personal income
- family income
- future income (inheritances included)
- day-to-day expenses
- your family circumstances (number and health of dependants, dependants from previous relationships etc)
- future expenses
- assets and liabilities tax paid and tax owed
- super and insurance situation
- current investments
- state of health.
We will also need to have considered your goals and current financial position, including:
- when you want to retire
- how you want to educate your children
- whether a second home, like a holiday house, is important to you
- do you have dependants you need to provide for, if you are unable to work or if you die
- whether you have an up-to-date will
- whether you are expecting any large expenses
So when you come along to our first meeting, have this information ready and handy!