Retirement Income and Security
Retirement Income to fund your life
First Meeting - What Might I Expect?
You might ask "How Do You Select Where to Invest?"
You say at what point in time you will need a certain amount of money.
This dictates where parts of your portfolio will be invested over Cash; Australian Shares; Australian Property; International Shares, Cash, and Property - amongst others.
Your need, experience, preference, answers to questions about investing, all come together to give an indication of your "Risk Profile."
This is how you are seen to prefer to invest your money and assets over time.
A pretty good place to start is to look at how your money is currently invested in your Superannuation fund and what other experience you have.
You might say "I read and hear about money being STOLEN, how safe is this?"
PLEASE TREAD CAREFULLY when it comes to a hard won asset of yours or a windfall you might have.
An investment manager who has the privilege of looking after a part of your money, or a direct investment, is carefully chosen using LONSEC research or another reputable source.
An investment manager needs to have:
Suitably Qualified Staff - INVESTING is what they do for a living, they have studied it, have a suitable qualification in it, and have extensive experience.
A Method of Investing that is Transparent and Makes Sense. There is no secret, no "thing that only I can do;" no "Market that no-one else can access." If you or I were skilled, experienced, and used this method it would likely work for us.
A Track Record of Success Using This Method. They are not "one-day wonders." They have been "True to Label" and have produced returns in keeping with their method over a significant amount of time.
A suitably sized fund. For most purposes the size of the fund needs to be AT LEAST $100 to $200 Million. This aids with liquidity. Also gives the fund manager an opportuniy to add value in a meaningful way. Often the funds used have $500 to $1,000 Million under management and they have been doing this work for a long time.
Legislation Requires You to "Establish Your Identity"
You are required to prove who you are for Anti Money Laundering Counter Terorism Funding - AMLCTF. Sounds tough, however a Driver Licence or Passport is usually sufficient. If neither of these then you need government paperwork and utility bills.
You are asked "What might you prefer to get out of the meeting?"
When you leave the meeting, what would you like to have or know?
The answer might be as specific or general as you prefer to make it.
You are asked "What do you currently own or have invested?"
It helps to have your:
Superannuation statement.
Bank Statement and current balance.
Make, Model, and Year of car(s).
Share Holding Statement.
Any other investment, holding, loan to others.
WHO owns WHAT is also asked?
You are asked "What debts do you have or a Personal Guarantee?"
It helps to have details of your:
Mortgage.
Car Loan.
Personal Loan.
Credit Card debt.
You are asked "What have you tried regarding investing in the past and how did it go?"
What investment has worked out OK?
What investment has been neutral?
What investment has not worked out as you would have preferred, and what might you have learned from that?
You are asked "What might be a goal you have now?"
It helps to have some idea of:
Preferred Income?
Money needed to fund a Lifestyle Purchase?
Money needed to fund a Lifestyle Choice?
A place to live in retirement?
What might be important to you as a person?
It is natural for you to ask "What am I looking at paying?"
The first meeting is $660.*
At the end of this meeting you are likely to know a better way to proceed.
Your Peace of Mind is paramount.
There is no hidden fee or thing that must be paid other than that.
There is no charge or fee unless you are told in advance and you agree to it in writing.
The only time a charge or fee is put forward is when it is felt it is in your absolute best interest.
*There is no suggestion that this is a tiny bit of money, the facts are that there is a HUGE amount of record keeping, compliance to legislation and oversight of Professional Financial Planning, which takes hours of work, to help protect your asset and you as a person.