Wealth Management

Financial Planning Melbourne

Entourage Wealth are your wealth creation advisors who can help you create and execute long term wealth accumulation plans. Our financial planners in Melbourne can assist with:

• Wealth management
• Life Insurance and Personal Protection Insurance
• Superannuation
• Retirement Planning
• Debt Management

 
Our financial advice process

Here’s what to expect when you work with an Entourage’s independent financial advisor.

Get ready to meet your financial adviser

Your adviser will ask you to bring some information and documents with you to the first meeting to help us get a better understanding of your current financial position.

We listen and learn about you

Your adviser will introduce you to the financial services we offer and provide you with a copy of our Financial Services Guide (FSG). They’ll ask questions to make sure that we have enough information to provide financial advice that meets your needs. Your adviser will:

• Review your current financial position and needs
• Discuss and identify your personal and financial goals
• Explain the scope of the advice you need
• Provide you with Client Services Agreement setting out the scope, terms, fees and charges for us to prepare your financial plan. If you decide to proceed with our services, you will need to sign this agreement before we can start work.

We research and analyse

Your adviser will research your current situation and existing financial products to tailor your financial plan to your  personal situation and ensure it addresses all the goals in scope for the financial plan.

Your financial plan is ready

Your adviser will present you with a written financial plan, called a Statement of Advice. The plan will:

• Set out your needs and goals, our financial advice and the reasons why we made these recommendations
• Provide clear strategies and alternatives for the advice you are seeking
• Recommend financial products (where suitable)
• Show you how these strategies and products will meet your goals
• Inform you of any fees payable and any commission that your adviser will receive.

We put your plan in place

Once you’ve discussed and reviewed your adviser’s recommendations, we’ll ask for your approval to implement your plan, and to sign an Authority to Proceed. Your adviser will explain the process and help you with any paperwork. Where appropriate your adviser will provide you with any Product Disclosure information about product features, benefits, conditions and costs.

In future, any additional financial advice may come with a new Statement of Advice, or if your financial situation and goals haven’t changed significantly, you may receive a Record of Advice. You can obtain a copy of your Record of Advice by asking your financial planner or contacting Wealth Market directly.

Keep on track with ongoing reviews

Annual services packages are available to help keep you on track to achieve your goals. You will need to sign an Annual Services Agreement which sets out the terms of this relationship, including the services you are entitled to, when those services will be delivered and the fees you will be charged. At the end of each service year, you will need to sign a new Annual Services Agreement to maintain the services of your adviser for a further 12 months. Some clients may be on ongoing service agreements that continue beyond 12 months in duration. If this is the case we will provide you with a Fee Disclosure Statement that outlines the fees you paid, the services you were entitled to and the services you received over the past 12 months.