Why get financial advice?

“If you want to go fast, go alone. If you want to go far, go together” 

Financial advice isn’t a one-time deal; it’s an ongoing relationship that grows with you. Life evolves, and so should your financial strategy.

It’s not just about numbers on a page—it’s about enhancing your return on life.

Financial advice brings clarity, comfort, and confidence, offering knowledge to optimize your finances, genuine care for all aspects of your life, and a deep understanding of your values and dreams.

It’s not just about the numbers; it’s about you.

Financial advice isn’t just for the wealthy—it’s for everyone aiming for financial independence. A skilled Financial Adviser helps you define and achieve goals, optimize your money, access government assistance, dodge costly errors, safeguard income and assets, and regain control over your finances and life. Don’t delay; let financial advice turn intentions into actions.

What to look for in a financial advice relationship?

Knowledge, Care, and Understanding at Depth Financial Advice:

1. Competency (Knowledge):
   • We’re not just selling the sizzle; we’re delivering the steak. At Depth Financial Advice, competence is at the core. We have the knowledge and capability to help you navigate the complexities of finance with skill and expertise.
2. Candour:
   • No sugarcoating here. Candour is a priority. We’re not just your financial friend; we’re here to provide honest and sometimes uncomfortable truths. Our intent is to guide you with integrity, even when the advice may be challenging.
3. Care (Understanding):
   • It’s not just about selling. We genuinely care about you and what’s important in your life. Depth Financial Advice takes the time to ask meaningful questions and, more importantly, actively listens. Understanding your unique situation is at the heart of our approach.

By emphasizing knowledge, care, and understanding, we aim to go beyond the traditional elements of financial advice. It’s about building a relationship that is not only based on expertise but also on genuine care for your financial well-being and life goals.

How does Depth Financial Advice define quality advice?

At Depth Financial Advice, quality advice isn’t just about numbers and charts; it’s about real-life impact. We define it by how well you can share your financial story around the barbecue:

• Clarity of Purpose:
  
  • Can you clearly explain why you choose Depth Financial Advice? Our goal is to provide advice that’s crystal clear in its purpose and aligns with your unique financial journey.
• Tangible and Intangible Value:
  • It’s not just about the dollars and cents. We want you to articulate both the tangible benefits and the intangible value you gain by working with us. It’s about enhancing your life, not just your bank account.
• Understanding Risks and Benefits:
  • Around the barbecue, we want you to confidently discuss the risks and benefits of your financial strategy. Knowing the potential challenges and rewards is key to making informed decisions.
• Transparent Costs:
  • No hidden fees or surprises. We want you to be able to clearly state the costs involved in our partnership. Transparency builds trust, and that’s crucial to a successful financial relationship.
• Simplified Comfort:
  • Can you simplify your financial strategy with comfort and confidence? We aim to provide advice that’s not only effective but also easy to understand, ensuring you feel secure and in control.

When you can articulate these points with ease, we know we’ve done our job. It’s not just about financial advice; it’s about empowering you to navigate your financial landscape with clarity, comfort, and confidence.

Or as the regulator puts it –

A financial plan is officially known as a “Statement of Advice” (SOA). Australian Investments and Securities Commission (ASIC) says a good Statement of Advice (SOA) should:

• address the reasons you sought advice.
• include recommendations that are relevant to you.
• refer accurately to your assets, liabilities, income and expenses.
• have a defined scope and explain what advice is and isn’t being provided.
• give cashflow projections (where relevant) to show how the recommended strategy will fit your income and expenses.
• present the advantages and disadvantages of complex  strategic recommendations (if relevant).
• explain how financial products fit into the overall strategy and your risk tolerance.
• state all the costs.