How we work with you?

Financial planning is the process of meeting your life goals through the proper management of your finances.

Your life goals could include buying a home, saving for your children's education, managing debt or planning for retirement.

We use a process that helps you take a 'big picture' look at where you are and where you want to be financially. Using this process we help you work out what you need to do now and in the future to reach your goals.

Step 1. Confirm your Current Situation and Goals

From our experience, we find meeting with clients to discuss what is important to them is the most effective way to understand their situation and goals, and for them to understand us.

Our initial appointment is obligation free, and generally lasts an hour and a half.

This appointment is essentially a ‘getting to know each other’ exercise, coupled with information gathering. At this appointment, we will discuss:

Your personal needs and lifestyle goals,
An introduction to our service and fees,
A review of your personal and financial situation,
How we may work together to achieve your life’s goals.

When you call our office to confirm a time, we forward to you a lifestyle questionnaire. By completing and returning this questionnaire prior to our appointment we get the most from our time together. In addition to this questionnaire, the following documentation is also helpful during our appointment:

Your most recent tax return,
A list of investments and superannuation funds you may hold,
Details of your loans,
Details of any insurance policies you may have.

We will also ask that you complete a Personal Risk Profile questionnaire which confirms your tolerance and attitude to investment risk when it comes to investing. At EDC we utilise a risk profiling system based on psychometrics, a blend of psychology and statistics, to assist us obtain a true gauge of your attitudes.

In all aspects of our service, your privacy is important to us. You will find our Privacy Statement in our respective Financial Services Guides.

Step 2. Plan your Strategy

Prior to commencing your strategy, you will have a full understanding of the costs involved. These will be estimated at the conclusion of the obligation free appointment.

It is important that clients are fully aware of our professional costs before they engage our services.

Once confirmed and agreed, we take time to review the information you have left with us, and possibly seek additional information to identify any financial issues or deficiencies between where you are now financially and where you want to be.

We research the most appropriate strategies to optimise your financial resources to achieve your financial and lifestyle goals.

We will then prepare your plan, identify recommended investments and address your attitude to risk as part of this process.

We provide you with a written plan that we are also happy to forward to your other advisers. We meet with you to discuss the key issues and leave the advice with you to contemplate.

Step 3. Put your Strategy into Action

Once all your queries are answered, and on your approval, your strategy and investment portfolio are established and implemented.

All costs associated with the implementation and ongoing management of your strategy have been outlined to you in your plan.

Step 4. Ongoing review and advice

Although your initial plan is important, we see the ongoing review of your strategy as a key aspect for your success and the achievement of all your goals, we consider the changing taxation, social security, economic and market conditions that may also affect your position. The reality is our lives and goals are constantly changing, and it is essential that your financial plan is reviewed to ensure that it is keeping pace with all the changes that occur in our lives.

Our services, based around long term advice relationships, aim to provide a sense of clarity, confidence and control for all your wealth management needs.