Personal Advice involves collection of relevant information that allows us to make recommendations that are in your best interests. Personal Advice can be very broad, such as considering your entire financial position; or you may ask us to scale the advice to a particular aspect of your financial position. For example, to provide advice to you as the trustee and member of a self-managed super fund.
Personal Advice might relate to one-off strategic financial planning, or it may involve retaining us to provide ongoing advice. Typically, we are retained to provide ongoing Personal Advice where there is more engagement on your part as an investor. We spend a lot of time on the investment approach that best suits you.
We prepare a written Statement of Advice that sets out your relevant circumstances, goals and the outcomes we expect from our advice. We may set out investment recommendations in this document, but for direct (individually managed) portfolios, we believe these are dynamic and are best developed over time.
We apply an agreed fee (not a percentage) when retained to provide ongoing advice. If the advice is more in the nature of strategic ‘one-off’ advice, then we will discuss and agree on a fee before any work is undertaken.