What to expect at your appointment

You might be wondering what to expect if I do take up our offer for a complimentary consultation?

And, that is a really good question.

Well firstly, we are a real company and we have a team of specialists across our research, strategy, planning and implementation teams.

Our complimentary meeting is all about you.  It is completely obligation free and it should run for between 60 and 90 minutes depending on what you would like to achieve.

I will begin by listening to gain a firm understanding of what you are looking to achieve and what is important to you.

I then work systematically through each of your goals more closely and together we prioritise your goals so we can see what is possible and also when it is possible to achieve each of your goals.

From there, my teams develop a tailored and unique solution so that I can provide specific advice to you.

It doesn’t matter if you are local or interstate, I have clients all over Australia and have found out what is important to them in order to provide specific advice to them.

So, why not get started now, complete your details, you can take that complimentary consultation and I can help you find what opportunities exist for you.

 

Why we do what we do at Edge7 Financial

Today, I wanted to talk about the motivation behind why we do what we do here at Edge7.

Data from the Australian Bureau of Statistics shows that in 2014, only 5% of Australian’s were able to retire financially independent of any government pension or assistance.

Or to put another way, 95% of people that retired in 2014 require government hand outs to help fund their retirement.  Unfortunately, this does not paint a rosy picture.

Increases to the compulsory superannuation guarantee from the current 9.5 percent to 12 percent will improve the outlook

However, despite the fact that 12 percent of people’s income will go into superannuation each year, the 2015 Intergenerational Report forecasts that by the year 2050, only 20% of Australian’s will retire self sufficiently.

To put it more bleakly, 80% of today’s 29 year olds will not retire comfortably when the time comes.  This very fact requires action and I think it is very important that you do act.

The knowledge of these statistics is our prime motivation for doing what we do.  My core mission over the rest of my working life is to help as many people as possible improve their financial position giving them the chance when the time comes for a comfortable retirement.

The good news is that it is not too late to change your retirement outcome.  Particularly if you take up our opportunity for a free consultation.

In doing so, I can evaluate your circumstances and put concrete plans in place to significantly help your situation and give you the best chance for a comfortable retirement.

The Five Stages of the Financial Planning Process


This video will walk you through the five stages of the financial planning process so that you understand what we do and how we do it.

We will also take you through what we do differently at Edge7 Financial compared to other financial planners.

And finally, we will give you a little background about our company and privacy policies.

The Financial Planning process is a five-part process.

In Stage 1 we Agree to Meet – Congratulations!!!
We have made it to the first stage, it wasn’t that hard.

In this stage, we need to ascertain your big picture, your goals and ambitions.
If in the agree to meet stage, you find value in what we do and wish to proceed, the second stage is the Fact Find stage.

In the Fact Find, we need to find out more about your situation in a lot more detail. Things such as your goals, your mortgage, your wages, your superannuation and your budget.

This helps us understand what foundation we will be building on. Knowing where you are today will allow us to determine where we can take you into the future.

Before we move through to the next stage, at Edge7 Financial we then engage two of our teams, the research and strategy teams.

Once the research team has completed their work, our strategy team will review their findings and come up with every single opportunity that can better your situation.

Once, we have decided on a strategy for each of your goals, our advice, recommendations and strategies are audited by our licensee, Dover Legal to ensure our advice is the best possible advice for you.

Once we are happy that our advice is the best we can produce, we create what is called a Statement of Advice. The Statement of Advice is the third stage.

The Statement of Advice document shows exactly where you are, where you’d like to be and how we intend to get you there.

Once you are comfortable with the statement of advice, we move to the next stage, the Implementation Stage.

Many financial planners charge for implementation, at Edge7 Financial we do not charge additional for implementation. We do not think it is right to give our clients an amazing strategy and then tell them that we need to charge them again to implement the strategy.

All implementation is done free of charge.

Once everything is implemented and the foundation is set, we move through to the Manage and Grow stage.

In the Manage and Grow stage, we understand that your goals and circumstances may change and that we will need to change with them.

As changes need to be made, we agree to meet again and go through the cycle again. This ensures that our strategy is always in line with your goals. And, it ensures you receive the best advice possible.

And, this completes the financial planning process.

I would like to take one more minute to discuss what else we do differently at Edge7 Financial.

We use a holistic and long term goal orientated approach to your circumstances.

The long term goal is retirement. For most people, it is not something they actively think about. Most people intend to travel through life achieving what they want to achieve and hopefully one day fall comfortably into retirement.

What we do is set a direct path between where you are today and retirement. Then, we set a series of short to medium term goals to take you through to retirement.
Why are these goals important?

These goals act as milestones to give you a feeling of accomplishment and to improve your life along the journey. With the goals we set, you will know every step along the way and also whether we are doing our job correctly or not.

And, if we don’t do our job, you can opt out of our services. Because we are paid by our clients, our success is tied to yours. If we cannot provide you with a substantial financial benefit that is many multiples of our fees, we would advise you and expect you to opt out of our services.

Unlike a bank financial planner who receives his wage whether you stay or go. This is the accountability we have that not many other financial advisers have.

By aligning the goals along a direct path, we can use resources more efficiently and achieve more.

There are two fees associated with our service. One is for the statement of advice. This is the advice, the path, how to get you from where you are now to where you want to be.

The second is the ongoing service. It’s for us to remain side by side with you and ensure you stay on track. That way, if your circumstances change, it does not take much to adjust the plan and get you back on track.

Prices associated with our service will depend on what you need done, which we will discuss at the end of the conversation.

The last thing I would like to mention is the financial services guide which gives an indication of who we are at Edge7 Financial and what we do.

Firstly, we are licensed through Dover Financial. Having researched a number of licensees, I believe Dover is at the forefront of supporting advisers like myself to provide non-aligned financial advice.

Dover enables advisors like myself to provide independent and unbiased advice. It allows me to provide real financial advice focusing on real strategies designed to benefit you. Dover have their own legal company and they hold my organisation accountable to the regulations.

Edge7 Financial is currently Sydney based with plans to expand nationally with offices in Melbourne, Brisbane, Adelaide and Perth.

Our focus is on the everyday Australian. Rather than focus on cherry picking the high net worth clients, we take the everyday Australian and give them access to strategies traditionally only used by high net worth individuals and families. The goal being that we take our clients and turn them into high net worth themselves.

Also, in terms of privacy, everything discussed stays strictly between us. We are held to the same privacy laws as solicitors, accountants and doctors.

If you have a complaint, you have the full backing of Dover Financial and a full dispute resolution channel at your disposal.

Lastly, our company has been built and has grown off referrals, with 90% of our existing happy clients being directed to our firm from other existing clients.

If you feel we have done a great job, we would sincerely appreciate you letting us know of anyone you think we could help to achieve their goals just like you.

Thank you for your time. We look forward to sitting down with you to commence the financial planning process and looking at ways to improve your situation.

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