GENERAL ADVICE WARNING: Any advice on this site is general nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information. Any advice on this website has been prepared without taking account of your objectives, financial situation or needs. Because of that, before acting on the advice, you should consider its appropriateness to you, having regard to your objectives, financial situation or needs.

Choosing the right partner for your wealth journey

Choosing the right partner to support you on your financial journey is a very personal decision. Getting the right adviser on your wealth team makes a big difference. The adviser becomes a trusted partner on your wealth journey and works with you to articulate your financial goals. He or she helps you put the right strategies in place that work to support you on your journey and give you the confidence that your goals are achievable.

 

At OakWealth, we encourage you to approach different advice practices before you make your decision. Finding the right fit for you will make all the difference to your wealth journey.  Importantly, seek the following information about the prospective adviser:

  • Relevant financial qualifications and professional designations;

  • Professional experience and unbiased recommendations;

  • Indepth understanding of your current circumstances and your immediate and future needs;

  • Reasonable fees that represent fair value for what you receive; and

  • Continual professional development and adherence to minimum financial standards at all times.

 

If you would like more information on what you should look out for when choosing a partner for your wealth journey, check out our blog.

 

Guidance to make the right choice

Moneysmart is a government-funded website authored by the Australian Security and Investments Commission (ASIC) and provides many practical tips for staying safe when selecting the right advice professional. Its website is a great resource for the beginner and expert alike and their resources are freely available to download.

 

The Financial Planning Association (FPA) is the peak body for financial planning in Australia. The FPA represents the interests of the public and Australia’s largest community of financial advisers. FPA practitioner members are bound by the FPA Code of Professional Practice that demands higher professional standards than those required by law. Members must meet continuing professional development requirements. Its website is a great resource for finding financial advisers, learning about financial planning or simply for a list of questions you should ask your prospective financial adviser.