Financial Planning -Fee only financial advice

Fee-only financial advice ensures that you are paying for the ‘service and advice' of a financial advisor and not for products that have inbuilt percentage-based fees that last the lifetime of an investment. 

With our “fee-only” financial advice model, Phillips Wealth Partners has always taken a holistic view of financial planning. 

This means that we can offer you objective, conflict-free advice with a dedicated ongoing service tailored to your specific and individual financial planning needs

Becoming a Client

Our goal is to ensure your experience with receiving advice is efficient, professional, really interesting and enjoyable and to deliver a road map that completely meets your needs allowing to focus on what matters most to you.

Our solutions/strategies and service is very comprehensive and we will work hard to ensure your genuinely so happy with us that you feel comfortable being an advocate for our business.

We have several steps in the advice process, so let us look at them and how we can add value initially and ongoing. The process is always customised to your needs and timeframes, however, typically it follows the below:

Step one:  You can book an 15 min call directly through our website . This is at no cost and its a chance to understand what your advice needs are and to confirm we are a good fit and can help. You can of course simply email or call us to book an introductory call. 

Step two: If an initial discovery meeting is required we usually ask for your to complete some basic details via our online wealth portal to help us understand more about your personal and financial information, goals,  dreams.  It is also a chance for you to see if you want to work with us. These meetings are typically 90 mins and the fees is $550 incl GST . No advice is provided in this meeting

We use this time to time to determine how we can add value to your world and if written advice is required.  At the end of this meeting we are usually in a position to prepare our letter of engagement to create any advice with the cost of the advice, and what it will cover. We also provide a copy of the meeting notes and video. If proceeding to advice then the above discovery fee is waivered. Our Initial fees for financial planning start around $3,300. Our financial services guide has more details. 

Step three: Depending on the complexity we may conduct a further strategy meeting or phone call to confirm the direction and any further details required for your plan.  This step can also be the presentation of the advice if there is less complexity. 

Step four: The implementation - execution and signing of paperwork and ongoing service established if appropriate. We use technology wherever possible to help you understand the plan and to get the ball rolling. 

Step five: 50 days later we meet to ensure any changes are addressed and advice expectations are being met.

Step six: 3-4 months we meet again or conduct a video conference/phone call to review progress.

Step seven: 12 months time its time for our comprehensive annual review and ongoing service renewed (which is based on the opt-in principle )