Financial Planning

There are two types of financial advice: general and personal advice. For either type, the advice you receive can be on any of the topics that a financial adviser is qualified to deal with. These include insurance, estate planning, retirement planning, and superannuation.

General advice

General advice doesn’t consider your goals and current circumstances. The advice will be non-specific to you. In other words, your financial adviser or general advice consultant could explain how a particular policy works, but not whether it would suit your financial position and goals.
General advice can help you get more specific information about your choice of products, or to gain a better understanding of how a particular financial product works. But it can’t tell you what the best decision is for you.

Personal advice

Personal advice is a recommendation based on your unique circumstances. Your adviser considers your current income, assets, liabilities, debts, goals and risk tolerance, and develops a solution they think will meet your needs.

Personal Financial advice will only be provided via the completion of a Statement of Advice after a comprehensive review of your current financial position.