“Financial Planning” is the process of providing advice and assistance to clients for the purpose of determining whether and how clients can meet their financial needs and life goals through the proper management of financial resources.

The Financial Planning process typically includes but is not limited to the following elements:

• establishing and defining the client / planner relationship,

• gathering your information,

• establishment of your goals,

• analysing and evaluating your financial status including problem identification,

• developing and presenting recommendations and/or alternatives for negotiation

• implementing the agreed-upon recommendations, and

• reviewing and updating the financial plan as required.

A client may be an individual, a family unit or a legal entity.

Comprehensive Financial Planning will include the basic areas of;  financial position analysis investment planning (portfolio design and management, superannuation, borrowings, taxation and legal structures), risk management and insurance, retirement planning and estate planning.  Education funding, charitable planning and business succession planning may also be covered as required.

The financial planning process can be applied to meet your needs on:

• a full range of your goals on a comprehensive basis,

• a sub-set of your goals on a more limited basis, or

• a specific goal / need on a specialised basis.

The definition of financial planning acknowledges that the process can result in you receiving a full, comprehensive financial plan or it can be more limited either because you do not provide us with all the information we need or because you ask us to look at just one part of your financial life.