Financial Planning

The ultimate objective of the financial planning process is to ensure your financial growth and security over the long term.

Lifestyle Financial Advisers realise the importance of fully understanding your present circumstances and future objectives before making any financial recommendations it is also critical to have a detailed knowledge of your attitude to investment risk and your expected investment time frame.

Your Lifestyle Financial Advisers will work through a detailed analysis of your financial situation and offer guidance and advice on various strategies appropriate to your circumstances. Once you are comfortable with the broad approach, your Lifestyle Financial Adviser will examine a range of financial strategies to determine which best suites your needs. This will include an analysis of issues such as taxation, legislation and social security, which may impact of your financial plan.

The following seven step process is recommended by the Financial Planning Association of Australia (FPA) and adopted by Lifestyle Financial Advisers.

Seven Steps to a successful financial plan.		Description
1	Gather information	Build an accurate picture of your current financial situation.
2	Determine financial objectives.	Determine short, medium and long term income needs, estimate expenditure requirements and other personal and business needs.
3	Analyse alternative options	Research the various financial strategies and investments likely to fit your investment profile.
4	Develop stategies	Using the information collected and a range of available options, develop the most suitable financial stategy to achieve your objectives.
5	Make recommendations	Develop a written recommendation plan which includes. investment assumptions; exposure to investment risk; a factual stategy rationale; and the various various financial products selected.

Ph: (02) 6495 2224   |   Email: admin@lifestylefinancialadvisers.com.au