- Financial Planning
- Retirement Planning
- In Retirement
- Estate Planning
- Debt Reduction
- Life Risk Insurance
- Understanding Risk
Our Financial Planning Process
Take control of your finances and focus on the goals that matter to you most. With the help of an Infocus Financial Adviser, youll develop a practical financial plan that is custom-made to fit you and your familys needs.
1. Getting to know each other
The first and most important step in creating your financial plan is the get-to-know-you phase. Here, we explore your current financial situation, identify where you are now and where you want to be in the future, as well as determine your risk profile, which is based on your current circumstances and your attitude to investing.
This step is also where you get to know us. Common questions asked at this point are about your Infocus advisers background and qualifications, how often youll need to meet, what risks are involved–if any and, most importantly, the costs.
2. Broad ideas and strategies
Based on what we know about you and your goals, we’ll then get together to discuss some broad investment strategies and go over your options based on your risk profile. This step allows us to confirm if we’re on the right track to creating a plan tailored specifically to you.
3. Presenting our recommendations
This stage is where we formally present our recommended strategy to you in what we call a Statement of Advice (SOA). Your SOA will detail everything we know about you, any assumptions we’ve made, every aspect of our recommendations and a plan for how we will implement your strategy. Here you’ll have the opportunity to discuss the strategy in detail to ensure that you understand and are comfortable with it.
4. Putting your plan in motion
Once we’re totally satisfied that you’re comfortable with our recommendations and that you’re fully aware of what we’ll be putting in place, youll then be in a position to give us the authority to implement the agreed strategy on your behalf.
5. Regular reviews
As with any plan, we need to keep track of how things are progressing along the way to see if anything needs to change. Regular reviews are critical to the success of any financial plan as they allow us to check on any changes to your financial situation, and to track the progress of your strategy and determine if we need to revise any part of our plan of attack. Depending on your financial plan, reviews normally take place every six to twelve months.
There are many types of insurance products available on the market today. It is vital that you obtain the right policy considering the level of cover and claim events. Generally insurance can be classified as follows:
- Life Insurance
- Total and Permanent Disabilty
- Trauma/Critical Illness
- Income Protection
- Business Expenses Insurance
- Mortgage Insurance
- Specialist Services
Executive Financial Planning
For executives, professionals and senior managers with limited time to manage their own financial affairs, a Halifax Adviser is able to provide personalised financial advice to help meet your financial objectives. This may include wealth creation plans, tax minimisation, salary packaging advice, superannuation, retirement and investment advice, risk management and regular portfolio reviews.
Expatriate Financial Services
Halifax Advisers can assist expatriates maximise the wealth they create while working overseas and keep them informed of financial developments back here in Australia. Looking after their financial and taxation matters whilst they are overseas can leave them worry-free, more productive and focused on their job. Before you depart, we can assist with tax, superannuation and other investment decisions. We can also coordinate professional advice in a range of other key areas such as legal, banking, insurance and residency.
Redundancy and Early Retirement Counselling
Redundancy can be a difficult and stressful time. Veratis advisers can provide customised advice through private financial counselling sessions or seminars to assist with making the correct decisions and investment choices. We can help you make the most of the lump sum benefit you received and can advise on issues such as superannuation, minimising taxation, planning your job search and social security entitlements.