Advice Process


The advice process begins with selecting the Spicers adviser who best matches your requirements. With a nationwide team of advisers, finding a compatible adviser won’t prove difficult. Maybe you’ve been referred to someone by a friend or colleague? If this is the case, you’re one step ahead.

Once you’re comfortable with your choice of adviser, work can begin. The advice process can include all or some of the steps described here.

  Stage 1
Discovery
Stage 2
Developing your bespoke financial plan  
Stage 3
Actioning the plan
Stage 4 
Reporting and regular reviews
  
Your vision of financial freedom

Clearly understanding your key motivators is an integral part of achieving your financial freedom. It’s not just about ‘the money’; it’s about how you want to live in the future. Not all financial service providers take the time to understand the big picture and what’s really important to you.

Clarifying your requirements and resources

Accurately identifying your current financial position will help to shape your plan. Access to cash, income, family obligations, investments, superannuation and inheritance will all play a part in determining your requirements and resources.

Evaluating your options

Using your key motivators (goals and aspirations), together with the information you provide, your adviser will present a range of options and help you understand the effects that different financial decisions can have on your future.

Your attitude to risk

Your answers to specific questions help your adviser to determine your risk profile. This profile reveals your attitudes to investment and helps your adviser develop appropriate recommendations.

We protect your assets

Unexpected events can disrupt even the best of plans. Your adviser can look at appropriate insurances to protect you, your assets and your lifestyle. You can also get information about estate planning and trusts.

  Stage 1
Discovery
Stage 2
Developing your bespoke financial plan  
Stage 3
Actioning the plan
Stage 4 
Reporting and regular reviews
  

Using information gained during the discovery phase, your adviser will design a financial plan that puts you on the path to achieving your idea of financial freedom. Many factors have to be considered, such as stability, desired growth, regular income and required flexibility.

Your adviser then determines the make-up of your portfolio. Investing in shares is only one option. Other possibilities include bonds, diversified share portfolios and funds, cash investment options, and term deposits. Some will suit you better than others.

  Stage 1
Discovery
Stage 2
Developing your bespoke financial plan  
Stage 3
Actioning the plan
Stage 4 
Reporting and regular reviews
  

The correct implementation of your personalised plan is a detailed task that may take some time. Your adviser will work with you to take care of the paperwork, then keep you up to date with progress.

  Stage 1
Discovery
Stage 2
Developing your bespoke financial plan  
Stage 3
Actioning the plan
Stage 4 
Reporting and regular reviews
  

Your adviser will provide regular written reports on the progress of your investments. Where applicable you can also request online access to your portfolio, so you can monitor results whenever you like.

In addition to regular reporting, you and your adviser should review your portfolio at least once a year. Your priorities and risk profile are likely to change over time, along with legislation and market conditions, so your plan may need adjustments from time to time.

 

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The Advice Process

The advice process includes four stages – discovery, developing your plan, putting the plan into action and reporting/reviewing.... More >

How much do you need?

Use our calculators to identify your retirement and savings goals... More >

Looking for an adviser in your region?

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Important information
A disclosure statement is available from your adviser on request and free of charge.

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