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What to bring to an advice appointment

Posted on 9/6/2020

So you’ve booked an advice appointment. Congratulations on taking your first step towards financial empowerment. Like anything in life, the first time we do something can make you feel a bit uncomfortable. However, understanding what’s expected of you can alleviate any apprehension.

What to consider before seeing an adviser

Your advice appointment will be about you and what you want to achieve financially. As a result, it’s a good idea to have a clear vision for your future and what you hope to achieve with your finances over the short (12 months), medium (3 years) and long-term (7 years). The initial meeting is also a good opportunity to voice any concerns you have regarding your financial position and what lifestyle you would like to have in the future in general or if you were unable to work due to illness or injury.

To best allow our planners to understand your financial situation, they will require information about income and expenditure, assets and liabilities and any other relevant financial information.

Below is a checklist of documents and information for you to gather for your first advice appointment. It is up to you to decide what information and documents you choose to provide. However, the more information that you can supply, the more informed our advisers will be about you and your financial position, and the more you will gain from the advice appointment.

Here is a list of helpful items to bring to your initial appointment:

General information:

    • Photo ID;
    • Most recent payslip;
    • Your Tax File Number (TFN);
    • A copy of your most recent tax return;
    • A Centrelink Benefit Statement (statement of Income and Assets). Available on request from Centrelink where applicable.

Personal expenses:

You may want to consider completing a personal budget to better understand where your money is going prior to the appointment. This MoneySmart Budget Calculator is a great place to start.

Based on the results of your budget, the documents or information that you may wish to bring along to your first appointment include:

    • Housing documents (e.g. rent/water/electricity/gas/house insurance/repairs and maintenance/telephone etc.)
    • Transport costs (e.g. petrol/car registration/maintenance/parking/public transport costs/loan payments)
    • Personal costs (e.g. clothing/hobbies/subscriptions)
    • Entertainment costs (e.g. Foxtel/Netflix/movies)
    • Education costs (e.g. school fees/child care)
    • Food costs
    • Heath costs (e.g. medical fees/chemist).

Investment documents:

    • Bank statements
    • Superannuation account(s)/pension entitlements/superannuation contributions
    • Term deposits/shares/managed funds or other holdings
    • Investment properties (e.g. rent statements)

Debt documents:

    • Home loan(s) (e.g. mortgage payments)
    • Credit cards and personal loans
    • Car loans
    • Investment loans
    • Personal guarantees.

Other documents (if applicable):

    • Insurance documents (e.g. Life/Income Protection/Trauma/Pet)
    • Profit and loss statement (for business income)
    • Statement of other non-investment income
    • Family trust distribution documents
    • Child support/maintenance payment agreements.

Your advice appointment is the first step towards achieving financial independence. We wish you all the best for your appointment and your future.

What to bring to an advice appointment
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