The Advice Process.

First meeting (1-2 hours):

The purpose of the initial meeting is to establish a clear understanding of your goals, objectives and financial position. Having a full picture of your circumstances will allow us to determine whether or not we, as advisers, can add worthwhile value. At the conclusion of this meeting you can either authorise WS to begin the analysis/recommendation phase or take some time to think things over. There is no obligation to proceed. We do not provide personal advice at these meetings, therefore no fees will be charged for this time.

Analysis/Recommendation phase:

By now you’ve authorised WS to begin work. Depending on the complexity of your affairs, we will typically require 1-3 weeks of preparation time between the first and second ‘presentation’ meeting. We apply a time-based fee (currently $330 per hour, including GST) for the planning, preparation and presentation of a Statement of Advice (SoA) or other ‘single purpose’ work. Put simply, a SoA is a concise written-advice document which outlines our recommendations, justifications, risks and fees. WS will provide an estimate of these costs prior to commencement.

Recommendations meeting (1-2 hours):

At this meeting, your adviser presents recommendations and a clear and concise plan of action. While we endeavour to produce work that is aligned with client goals and attitudes we also accept that this phase in the process is very much a ‘work in progress’. Again, only an open dialogue between both parties will create the best outcome.

Additional questions/Implementation meeting (1 hour):

Hopefully WS have met your expectations by this point and you are ready to proceed with some or all of our recommendations. This meeting is an opportunity to address remaining questions or concerns and, if appropriate, meet our administrative staff to help with the implementation of your chosen strategy. Please refer to our Financial Services Guide for fee details.

We’ll be there.

WS will provide regular ongoing support in the form of annual reporting, quarterly newsletters, monthly economic/event-driven updates, weekly market updates, and of course, open-door access to your financial adviser. Your adviser will also make low-key contact with you during the course of the year when necessary.