Financial Planning

Financial Planning

Award Winning Expert Financial Advice for over 25 years.

At KnowledgebankIQ, we understand that everyone’s needs and goals are different. Whether you are looking for financial advice to help you achieve your long term goals or facing a life changing event, our advisers are here to help you choose the best path based on your circumstances.

Our goal is to use proven wealth creation strategies and legitimate benefits built into the superannuation and tax systems, our expert advisers can show you how to become financially independent in your retirement.

Award Winning Service



 

Our Process

Understanding – We start with an in-depth conversation about you, your family, your goals and your financial situation. The aim is to understand exactly where you currently are and where you’d like to go in life, so we can help you get there faster.

Planning – We work with you to develop your personal plan for a comfortable retirement, covering everything from growing your investments to saving on tax and protecting your family’s financial security. Your plan is designed to put you in the driver’s seat, with smarter strategies for creating and preserving your wealth.

Implementation – When you’re ready to set your plan into motion, we’re ready to help. Whether you need to invest in shares, buy an investment property, insure yourself and your family, or even start your own self-managed super fund, we’ll support you at every step of your financial journey.

Ongoing Management – Our service doesn’t end when your plan is in place. We help keep your finances on track with regular meetings to monitor performance and your changing needs. We’ll also keep you up to date on market trends, government changes and new opportunities, so you can be confident that you’re in control.

How can a financial planner help?

Seeking expert advice from a financial planner is an important part of your preparation for retirement. Consulting with a financial planner can help you:

  • Prepare for your retirement

  • Ease into retirement

  • Minimise the tax that you pay

  • Maximise your Centrelink entitlements

  • Maximise your retirement savings

Strategic Financial Advice

Nick Graham discusses strategic financial advice and how it can help you at various stages throughout your life. Focusing on providing an after tax improvement to your financial situation, what strategic advice could benefit you.

 

VIEW KBIQ TV



 

FAQs

Below are common questions often asked regarding Financial Planning.

What is the role of a financial planner?

A financial planner is your financial coach who will assist you in deciding what you want to achieve and set strategies to help you reach your goals.

A financial planner can help you with the following:

  • Save money

  • Debt management

  • Insurance – to protect against risk

  • Grow your assets

  • Make the most of your superannuation

  • Plan for retirement

  • Discuss strategies to reduce tax

  • Make the most of redundancy payments and early retirement

  • Maximise potential government benefits 

How can a financial planner help me?
A financial planner can help you with the following:
  • Save money

  • Debt management

  • Insurance – to protect against risk

  • Grow your assets

  • Make the most of your superannuation

  • Plan for retirement

  • Discuss strategies to reduce tax

  • Make the most of redundancy payments and early retirement

  • Maximise potential government benefits

How do I select my financial adviser?

The value of financial planning advice can be priceless. Locating a financial planner that you feel comfortable with and trust can seem a daunting task.

Selecting an advisor who understands your needs and what is important to you will lead to a higher level of satisfaction than numbers on a chart. The best way to find an advisor that understands your needs and goals includes doing a little legwork.

The first step to finding a great advisor is to ask friends and family members. Pay particular attention to those in similar life situations. Recommendations from people with similar ages and financial goals will lead you to an advisor that understands your demographics.

Once you have a list of a few potential advisors, look at their web pages. Information found online will give you an idea of what market they are targeting and their investment philosophy. Call the ones you like and schedule a meeting. As you meet with each potential advisor prepare questions that will help you understand what is important to them, and what they will be able to provide for you.
 

Questions to Ask a Potential Advisor

  • What qualifications do you have?

  • What experience do you have?

  • What area of financial planning do you specalise in?

  • What services and products are you licensed and authorized to provide advice on?

  • What is your approach to investment?

  • Are you a member of the financial planning association?

  • How often do you contact and/or meet with your clients?

  • What are your fees and how are they charged?
     

After you meet with the advisor, evaluate the meeting. Did they answer questions in a way that built your confidence? Did they ask questions to better understand your situation? Selecting an advisor is a very personal decision. You will trust this person with your most intimate information.

Taking the time upfront to select an advisor should be the beginning of a long term relationship. They will help you build a retirement plan, pay for your children’s college and most other important aspects of your life. They will be a part of most major decisions. A financial advisor will help you put forth a plan that will enable you to reach your financial goals. This is a very important person in your life. 

What is involved in the financial planning process?

We seek to build lasting relationships with our clients. We take the time to clarify what’s important to you and to understand your situation and values. We want to work with you over the long-term to create a plan that works for you now and in the future.

Our financial planning process ensures that your financial goals are our highest priority. We have a structured process which ensures that our advice is collaborative, simple and transparent.

We seek to build lasting relationships with our clients. We take the time to clarify what’s important to you and to understand your situation and values. We want to work with you over the long-term to create a plan that works for you now and in the future.

Our financial planning process ensures that your financial goals are our highest priority. We have a structured process which ensures that our advice is collaborative, simple and transparent.

Our financial planning process involves the following:
 

Initial consultation

The first appointment is about getting to know each other and is free of charge.

The purpose of the meeting is to allow you and your financial planner to get to know each other, assess your general needs and decide whether you feel comfortable with your adviser to proceed into an advice relationship.

To make the most of the of your discussions, make sure that you bring any relevant documents, such as details of your income, superannuation, debts, assets and insurances so we can work out how we can help you.

If you decide to proceed to the next stage, we will discuss all fees and charges with you at this point.
 

Strategy recommendations

We will present and explain our recommendations to you in a written document known as a Statement of Advice. This forms the basis of your financial plan.

We take you step by step through the plan, answer any questions you have, and make any modifications you require.
 

Implementation

Once you have agreed with the advice and given us the go-ahead, together we will help you implement your chosen strategies.
 

Regular Review

Your financial plan is not a set and forget solution, it is a living document that can adapt to change. It is therefore important to seek regular check-ups to ensure that the plan continues to meet your needs and identify any changes in your circumstance.

How much will it cost?

Our initial consultation is both cost and obligation free.

During our initial meeting we will determine whether or not we are able to assist you. If there is a match we will agree on the fee for our Statement of Advice (based on the complexity and strategies explored) with you prior to commencing any work. We will also provide you with a copy of our Financial Services Guide (FSG), this document contains the services that your financial planner is authorised to provide and clearly defines our fees for those services.

The Statement of Advice that we provide to you will detail all fees and charges to the financial planner should you agree to proceed with the advice.

How do I pay for your service?

You can pay in the following ways:

  • as a fee for advice that will be deducted from your investments as a one-off payment or in instalments;

  • by direct invoice from us for initial and ongoing advice;

  • via commission we may receive from a financial product provider when you commence an insurance contract, or loan product;

  • or a combination of the above.

 

VIEW ALL FAQS