Now that you have made the important first step of deciding to see a Financial Adviser from Merideon Wealth Strategies, here is some information to help you prepare for your first meeting.
- Financial Services Guide – Download and read.
- Client Questionnaire Part A – Download and spend some time completing.
- Return Questionairre to your adviser 48 hours before meeting.
- Prepare Financial Information for first meeting.
- Financial Planning Process – Read and understand
Prepare for First Meeting
The personal financial review process is one which begins with defining your needs, objectives and your current situation. Once these are established, your financial adviser is able to devise a strategy to meet your financial goals.
Defining your current situation is the first essential step in this process and one that requires a great deal of information about your existing financial arrangements. For this reason you should make sure you have access to policies, statements, agreements and estimates during the consultation with your financial adviser.
To assist you in preparing for your Merideon visit, a checklist of possible required documents has been prepared. Of course this list will vary according to your circumstances and the type of advice you need. Having this information readily at hand will save you time during your financial consultation.
Documents to have readily available where appropriate:
Income and Expenditure
Current and Projected income:
- Latest payslip (for employees)
- Profit and loss statements (for business income)
- Superannuation / Pension entitlements
- Statement of other non investment income
- Family trust distribution documents
- Family Tax Benefit payment agreement
- Annuity income statements
- Current Centrelink benefit statements
Expenses – accounts / bills/ statements relating to:
- Housing (rent statements, mortgage payments, rates, water, electricity, gas, telephone, house contents insurance, repairs/maintenance, furnishings/appliances)
- Transport (petrol, registration, insurance, maintenance, loan/lease payments, parking, public transport)
- Health (health insurance, chemist, medical fees)
- Education (school fees, child care)
- Personal (clothing, footwear, entertainment, sports/hobbies, subscription/fees, life insurance, disability insurance, superannuation contributions)
- Other expenses (child support, vet fees etc.)
Assets and Liabilities – documents and valuations relating to:
- Principal residence
- Holiday house
- Vacant land
- House contents
- Personal property (jewellery)
- Motor vehicles
- Mortgages/loans receivable
- Company of trust loan accounts
- Life insurance cash surrender value
- Other assets/valuables
- Principal residence mortgage
- Other property mortgages
- Motor vehicle debt
- Investment loans
- Total credit card debt
- Other liabilities
Existing Investments – documents and statements relating to:
- Bank accounts
- Fixed term investments
- Current employee superannuation
- Other superannuation
- Managed Funds
- Life insurance
- Other insurances (total and permanent disablement, income protection, trauma, general insurance, health insurance, business insurance