Wealth Manager - Portfolio Management, Risk Profile, Strategy, Planning & Consulting Services - Personal Finance, Insurance Accounts & Investment Advisor, Financial Planners & Advisers - 5 Financial - Rhodes

Do you have goals you’d like to achieve but aren’t certain if they’re possible, or whether you’re on the best path to get there?

This is what we can help you with.

Our experienced financial advisers in Sydney CBD and Rhodes are renowned for the quality of advice they provide. We've been highly successful in helping clients grow and protect their wealth and attain the goals that are important to them – whatever those goals may be. Whether your requirements are simple or highly complex, you can count on us to put you on the right track to building your wealth and achieving what it is that matters to you. And we'll be there to support you along the way.

Here’s the process we follow:

1) Initial meeting

Choosing a wealth management adviser/financial planner is an important decision. And for the relationship to work best, it’s essential that we each feel we’re a good fit for one another.

That’s why we offer a complimentary, no-obligation initial consultation that enables you to meet with an adviser who can gain an overview of your requirements and let you know if and how we can help.

During this meeting, we’ll discuss your goals and hopes for the future.

Our experience is that many people have a general idea of goals they want to reach – how long they want to work for, travel plans, or home ownership objectives (to name just a few examples).

Frequently however, many have mentally dismissed other dreams or ideas as not being realistic or feasible. We like to drill deep here, because it’s surprisingly common that we are able to find ways for them to achieve much more than they originally thought.

Those who attend an initial consultation generally find they gain tremendous value from the conversation as a result of the quality of the questions we ask and the insights we offer.

If you’d like to move forward after this meeting, we provide you with a written proposal of our services and a fee estimate.

2) Creating a customised strategy

The strategy we develop for you is designed to take you from where you are now to where you want to be.

It factors in your current circumstances, your goals timeframe and how comfortable you are with different levels of risk. (In general terms, investments offering higher potential returns often have higher volatility, and vice versa. Our approach is to build diversification into your portfolio to spread risk and enable you to reap returns from different asset classes.)

We’ll model various financial scenarios to identify the exact path that will best meet your needs. Structuring your assets in a way that minimises tax is another important aspect of the strategy we develop for you.

When it comes to investing, we use a low-cost approach to help maximise your net return – and this can have a significant impact on your capacity to build wealth, especially over the longer term.

The strategy we develop for you is designed to support you in reaching each of the life goals identified as being important to you. We present your written strategy to you and explain each element clearly so you are completely comfortable with what’s being recommended for you.

If you’re happy to proceed with your strategy, we then move to the next step: implementation.

3) Implementation

Our implementation team carefully arranges each aspect of your strategy in the correct sequence, and confirms with you when it’s done.

This process can cover aspects such as setting up superannuation funds (including self-managed super funds), organising rollovers, arranging personal insurances, establishing investment accounts and broker accounts (to enable direct shares to be bought and sold) and more.

Once everything’s in place, you can meet with your financial adviser to run through everything if you choose, or of course you can phone in or email any questions you may have.

4) Reviewing how you’re going

You’re able to contact your adviser at any time if your circumstances change or if you have any questions about a major purchase or investment. Clients often comment on the peace of mind they gain by being able to check in with their adviser as often as they wish.

Additionally, a Review Meeting is held on an annual basis, so you can check in with your adviser and let them know how you’re tracking with your goals. This meeting allows us to re-calibrate your financial plan to factor in changes in your circumstances, goals or the performance of the various elements of your strategy.

We also rebalance your portfolio periodically to make sure it continues to align with your risk profile, and supports you in working towards your goals.

We find that as clients ‘tick off’ various goals, there are new goals they now want to plan for, and we have another ‘goals conversation’ at this point. Your strategy may be adjusted to accommodate these changes.

We’re available on an ongoing basis to help you continue to create improvements in your financial circumstances over the short and long term. And we’re just as pleased as you are to see the successes you achieve!

Our financial planners and wealth managers advise clients from our Sydney CBD and Rhodes offices.

We’d be very happy to chat with you about your situation and what you’d like to accomplish.

Please give us a call on 02 9739 6555 to find out more, or to book a complimentary, no-obligation consultation. Alternatively, please complete our contact form and let us know what you’d like assistance with.

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Frequently Asked Questions

Do I need a financial adviser, or can I manage my super and investments myself?

Plenty of people manage their own money perfectly well. Advice tends to earn its place when the decisions get harder to reverse or when super, tax and lending start pulling against each other. A simple test: can you answer three questions without hedging? Am I going to be okay? Am I missing something I should be doing? Is someone looking after this? If you can, you may not need help yet. If you can't, that is usually the signal. Our first meeting is complimentary, so you can work out where you're at before spending anything.

How do I know if I'm on track to retire?

There is no universal number. What you need depends on when you want to stop, what you want the years after that to look like, what you hold inside and outside super, and how long the money has to last. A financial adviser starts planning from the goals you have. At 5 Financial, we model your position across super, investments, tax and any lending together, then show you the gap and what closing it would take.

How are 5 Financial's advisers paid?

Our advisers are paid a salary. They do not receive commissions on financial products, and their pay is not linked to what they recommend. 5 Financial hold sits own Australian Financial Services Licence (AFSL 314889) and is owned only by the people who work in the firm. No bank, insurer or fund manager holds any ownership stake or has any say in the advice we give.

How does 5 Financial charge for financial advice?

We charge fees and you will know what they are before you agree to anything. The fee depends on how complex your situation is and how much of it you want us to handle. Someone consolidating super and setting a retirement date needs less work than a couple coordinating a business sale, a lending restructure and aged care for a parent at the same time. We quote in writing after the initial meeting. Our internal benchmark is that the advice should be worth at least double what we charge. If we don't believe we can meet that, we will say so rather than take you on. You can change the scope of our agreement, or end it, at any time.

What happens in a first meeting?

It runs up to two hours at no cost and obligation. We ask about your life before we ask about your money: what you want the next twenty years to look like, what is worrying you, what you already have in place. You will do most of the talking. You leave with a clearer picture of where you stand and a straight answer on whether we can help. Most people tell us they arrived nervous and left relieved.

How does 5 Financial invest clients' money?

Our approach rests on three things: getting the mix of growth and defensive assets right, diversifying across asset classes and regions rather than concent rating on single bets, and keeping costs and tax drag low. We predominantly use index-based exchange-traded funds. We do not try to time markets or pick winners. Our Investment Committee reviews portfolios at least quarterly, supported by external research from Lonsec and Morningstar. All investing carries risk, including the risk that markets fall and your balance goes backwards. A diversified, long-term approach is designed to manage that risk, not to remove it.

Who is 5 Financial a good fit for?

We are generally a good fit for people in the decade either side of retirement. Our clients are often Sydney professionals and couples who have built wealth and who want one team watching all of it rather than three providers. We are less of a fit if you want someone to execute trades for you, or if you are right at the beginning of building. We only take on clients where we believe we can add clear value, which means we say no sometimes. That is deliberate.

What makes 5 Financial different from other financial planning firms in Sydney CBD?

Three things. We have been advising Sydney families since 1988, and many our client relationships now run ten to twenty years. We hold our own Australian Financial Services Licence (AFSL) and pay our advisers salaries rather than commissions. We handle wealth management, tax and advisory, and finance broking within one firm. For most clients, that third point is what changes the day-to-day. The firm is led by Managing Partner Jason Petersen, a Certified Financial Planner Professional (CFP®) who has been with 5 Financial for more than twenty years.

Has your question been answered? If not, please drop us a note and we’d be very happy to supply more info. Alternatively, please feel free to call us on 02 9739 6555 and we will be happy to answer your questions or put you in touch with the relevant specialist adviser in the firm.

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