How can we help you?

Our Wealth Management Advisors are trained and competent to provide expert advice on technical and personal issues in relation to your financial situation. We provide financial advice from simple saving plans to complex superannuation and retirement advice. Our wealth management advisors provide advice on a range of matters including:

• Retirement planning for people who are retiring soon
• Superannuation strategies to help you accumulate enough money in retirement and help minimise your tax.
• Preparing investment strategies
• Recommending specific investments (listed securities and managed funds) in line with your risk profile.
• Basic budgeting and savings plans
• Restructuring of your assets in order to invest in the most tax effective manner.
• Insurance advice to make sure you are adequately covered to protect your family and income in unforseen circumstances.

What information will I need?

To provide you with proper financial advice, we are required to ask you a number of questions with regards to your financial and personal circumstances. While you are not required to tell us all your personal information, by not providing us with your overall position, the advice that we provide may not be appropriate to your needs and your financial situation. In order to provide you with comprehensive advice with regards to your personal circumstance we may ask questions such as your:

• Age
• Current personal income
• Any future income
• Future inheritances
• Cost of Living expenses
• Assets - Both investment and non investment assets (such as value of your house)
• Liabilities (Home loans, investment loans, Personal loans and future forseen expenses)
• Superannuation and insurance situation
• Relationship status - Defacto, Married, Single, Divorced, Second Marriage etc...
• Family circumstances (number and health of dependants, dependants from previous relationships etc)

You should also consider your future objectives and goals in relation to:

• Future expenses, such as purchasing a car, caravan, boats etc...
• Savings required for annual holidays
• When you want to retire
• How you want to educate your children
• Do you have dependents you need to provide for if you are unable to work or if the unforseen happens
• Whether you have an up-to-date will

Steps to provide Financial Advice

To provide quality advice, Burrell Stockbroking take the following steps to provide financial advice

Step 1 – Initial consultation - This initial meeting is free of charge. It is where you and your advisor find out about each other. This meeting also involves us explaining the way we provide advice and the cost involved in us providing further advice.

Step 2 – Collection of information (Fact Finding) - This occurs in the initial meeting, where the advisor gathers information from you to provide advice in relation to your personal circumstances. This involves identifying your objectives and goals and your current financial position. Your financial advisor may discuss some factual information with you. At this point in time the information discussed can be only factual information or general advice as your advisor will need to review your personal circumstances in order to provide you with proper financial advice.

Step 3 – Financial Advice - Your wealth management advisor will then consider your personal circumstances and develop strategies in order to achieve your goals and objectives. The strategies will be presented to you with written recommendations (called a Statement of Advice).

Step 4 – Recommendations - A further meeting is then held to discuss the proposed recommendations with you and make sure you are comfortable and understand them.

Step 5 – Implementation - Once you have agreed to proceed with the recommendations, we will start implementing them. A further meeting maybe needed for this.

Step 6 – Review - Your investments should be reviewed periodically depending on your level of investing. Your objectives, financial situation and needs should be reviewed as appropriate.