I don't know where to start
You don’t need to be an expert to get your finances in order. And you don't need to be wealthy to get advice. We want every Australian to take control of their financial future. So that you can start your journey, read the simple steps below.
Planning your financial future means looking at everything: your savings, home loan, debt reduction, cash-flow management, investments, superannuation, estate planning, wealth protection and tax planning, and more. Sounds complex!
You’re probably asking yourself how you can see the whole picture and make a plan.
You’ll need to ensure you’re picking the right expect, products and advice. And that is how many ordinary Australians find themselves benefiting from seeing a Yellow Brick Road adviser.
Many people seek-out financial advice because a life event has prompted them (marriage, first born, starting a business), or they see retirement looming or they want to take more control over their financial affairs. But, you needn’t wait for a big moment - you can see an adviser anytime.
Getting started on a financial plan starts by finding an expert adviser who brings together the pieces, understands the priorities, helps set your goals and makes a plan.
First step: the right adviser
At Yellow Brick Road, our financial experts assess your circumstances, they look at your risk tolerance and find out about your goals. From there the expert works with you to make an holistic plan to help you reach those goals. They help you execute this plan and adjust it as your life circumstances change.
Second step: the meeting
Your first session with a Yellow Brick Road adviser is free*. Find your local branch and either stop in or call to make an appointment. In your first session a Yellow Brick Road adviser will ask you about your circumstances, your current plans and structures, and your life goals.
There are no wrong answers. This is a chance to 'tell it like it is' and see how an expert adviser can help you. You'll likely find that some painless changes will make a world of difference.
Third step: review your home loan
There are many different loan-types, with various features. In fact there are so many types of loans that people often don't compare them all in detail. That's where it helps to speak with your adviser. They are responsible for finding a loan that is best-suited to you and your goals.
Fourth step: superannuation
Planning for retirement means making the most of the super contributed by your employer, making extra superannuation contributions through salary sacrifice, or having more control over your super through a Self-Managed Superannuation Fund (SMSF), or a wrap account.
Your adviser may be able to help you optimise the tax rules of superannuation and show you how putting your retirement savings in a low-fee super fund can boost your nest egg over time.
Fifth step: protecting your wealth
There are two sides to your wealth plan: growing your investments and protecting your wealth. An adviser can assist you to insure your physical assets; and in so doing provide a level of comfort that you and your family will have some protection in the event of misfortune.
So, are you ready...
Your first meeting with a Yellow Brick Road adviser is obligation free.
If you feel comfortable with your adviser, and their ideas make sense, you can engage them as your financial planner. When you become a client the adviser will do a lot of the leg-work that was either too confusing or time-consuming for you to do yourself.
Your adviser will create a risk profile that sets your limits on the risks you'll take in order to make the returns you want. They take a snap-shot of your current financial status, and make a plan you can follow to reach your goals. They help you take control of your financial future.
The adviser will be in regular contact with you to adjust your plan as your personal circumstances change or broader economic factors shift. Remember, it doesn't matter how much you earn or how disorganised your finances, an adviser can help you plan for your future.
Disclaimer: *Initial review of your circumstances with Yellow Brick Road is complimentary. Fees and charges will apply for subsequent consultations and advice.