Process

 

The financial planning process at Ashford Financial Planning (AFP) is based on a logical and commonsense approach designed to address the specific needs and objectives of each client.

The process may be summarised as follows.

 

Initial Consultation

  • Review of the current non-financial and financial position, objectives and particular needs of the client.
  • Clarification of major life and financial planning issues to be addressed and appropriate financial planning strategies.

Preparation of a Statement of Advice (SoA)

  • The preparation of a financial planning document (SoA) which brings together a client’s current situation and detailed recommendations that best satisfy their needs and objectives. Terms of Engagement included.
  • Personal presentation of the SoA to clients at a subsequent meeting.
  • Generally a two week completion time for preparation of the SoA.
  • Minimum fee of $1,650 (including Goods and Services Tax – GST) for the SoA. Fixed dollar quote provided prior to the commencement of work.

Implementation of Agreed Recommendations

  • All necessary documentation professionally prepared on behalf of the client.
  • Investments lodged on the client’s behalf in a timely and efficient manner.
  • Detailed confirmation of all transactions.
  • Minimum direct share brokerage of 1.1% of the transaction value subject to a minimum dollar value of $110 per contract note including GST.
  • Transaction fee quote confirmed in Terms of Engagement letter.

Review of Financial Planning

  • Formal review of client’s financial planning at least annually.
  • Timely communication with clients during the year in relation to financial planning matters of material importance to them.
  • Ensures that client’s needs and objectives continue to be met and to take account of change including life transitions.
  • Minimum annual retainer fee of $2,200 per annum including GST. Fee quote confirmed in Terms of Engagement letter.