Client Value Proposition and Pricing Guide

At Geraldton Wealth Pty Ltd our value proposition comprised of 5 key areas:

OrganisationWe will help bring order to your financial life, by taking the time to clearly understand your background, philosophy, needs and objectives. We will work collaboratively with you and on your behalf (with your permission), liaising with accountants, solicitors and offering online access to policies and products. We will assist you in getting your investments, insurance, estate, taxes and household cash flow in order. We offer transparency around our own costs and compensation.
AccountabilityWe will help you follow through on financial commitments, by working with you to prioritise your goals, show you the steps you need to take, and regularly review your progress towards achieving them. We monitor your products ensuring they best meet your needs, providing annual & biannual formal reviews. We are licenced through Sentry Advice Pty Ltd who ensure compliance is followed meticulously, through Approved Product Lists. We are not aligned to any one provider; therefore have the ability to compare products and alternatives of all reputable providers.
ObjectivityWe bring insight from the outside to help you avoid emotionally driven decisions in important money matters, by being available to consult with you at key moments of decision-making, doing the research necessary to ensure you have all the information, and managing and disclosing any of our own potential conflicts of interest.
ProactivityWe work with you to anticipate your life transitions and to be financially prepared for them, by regularly assessing any potential life transitions that might be coming, and creating the action plan necessary to address and manage them ahead of time. We are committed to your life long protection and offer advice on Estate Planning, Wills, Power of Attorneys, Aged Care, Pensions and Health, Personal and General Insurance.
EducationWe will explore what specific knowledge will be needed to succeed in your situation, by first thoroughly understanding your situation, then providing the necessary resources to facilitate your decisions, and explaining the options and risks associated with each choice. We provide up-to-date industry information through newsletters and social media. We ensure our organisation keeps abreast of technology, industry and legislative changes. We ensure our staff have the professional qualifications to provide advice and are continually learning through professional development provided by quality industry standard educators.

The Six Step Financial Planning Process

Your needs and circumstances are not static and will inevitably change over time. Periodic reviews of a financial plan, once it has been implemented, ensure that the plan is adapted or modified if required in response to changing needs and circumstances. In general we follow the six steps of financial planning.

  1. Appointment Booked – file prepared
  2. Appointment Attended – goals and objectives, where are you now, complete fact find
  3. Prepare Plan – Back office work to formalise a plan (additional meeting if required)
  4. Appointment – Present SOA
  5. Implement SOA – Complete the plan, updating each party along the way
  6. Ongoing Reviews – Monitor, review, further discuss, etc.

Financial Advice – Pricing Guide

Pricing of Financial Concepts Session – first appointment

A Financial Concepts Session is a 90 minute meeting with an adviser. It provides an opportunity for you to clarify your goals, work through your financial priorities and to start to fill in gaps in your financial knowledge. This session may stand-alone as an opportunity to increase your financial knowledge or become the first step towards addressing and establishing your financial plan.

Cost $270 (waived if proceed with advice)

Pricing of a Comprehensive Statement Of Advice (SOA)

Following your Financial Concepts Session you will have greater clarity on your financial goals and priorities. If we determine together that you have a need for advice in particular areas, your adviser will outline the specific scope of the advice that we propose and the cost for that advice.

Typical Cost for comprehensive financial plan
$2,000 – $4,500.

Depending upon your particular needs it may include advice across some of the following areas:  insurance recommendations; super fund review; superannuation contributions; property investing analysis; lending strategy; debt reduction strategies; retirement projections; investment  recommendations; budgeting and cashflow advice; borrowing to invest analysis; establishing retirement incomes streams; estate planning; Centrelink analysis; home purchase planning.

Where cash flow is an issue for clients we will be open to spreading the cost of the initial advice fee over a period of time. Please let us know if you would like to explore this.

Smaller Packages for a particular need

There are times when a comprehensive plan is not the right option for you. We have developed some smaller style packages. We can discuss with you whether these may be appropriate to your needs.

Superannuation fund review – Cost from $1,900

Investment of a lump sum – Cost from $1,900

Retirement projection – Cost from $1,900

Client review service Packages

You have made the important step of implementing the strategies and recommendations detailed in your Statement of Advice. To ensure this financial plan continues to reflect your goals and objectives and keeps pace with changes in the financial services industry, a periodic review should be undertaken. We recommend this review be conducted at least annually.

In order to assist you with the review process, we provide the following service menu. With the help of our practice, these packages will assist you in confidently controlling your finances. We have access to a team of research, technical, compliance and investment specialists to ensure superior advice is being given to you at all times.

Typical Cost for Ongoing Service Packages – start at $2,500 p.a. for the basic package

Prices as at 13th November 2020, subject to change.

…This is a guide to our costs and can be altered per adviser as required. All fees will be discussed and written in your Statement of Advice (SOA) or Client Engagement Agreement…

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