Before you meet a financial adviser for the first time, you need to be prepared so your adviser can get a clear picture of where you’re at today and where you want to be in the future.
What to prepare
- Income: salary, dividends, investment interest, investment property income and any other income
- Taxes: how much tax do you pay
- Expenses: everyday living and irregular expenses and planned expenses
- Debts: credit card balances, loans, mortgages and any other debts
- Insurances: what are you covered for and for how much (inside or outside super)
- Superannuation: number of funds and current super balance
What to bring
- Current and projected income
- Existing investments and their balance
- Superannuation statements and insurance policies
- Outline of your assets and liabilities
What are your goals?
Do you want to:
- Pay off your mortgage faster
- Protect your wealth and family
- Build wealth and plan for retirement
- Reduce tax position
Think about your goals and priorities. What sort of advice are you seeking? This will help your financial adviser understand how to tailor a financial plan that suits your needs.