A LITTLE PREPARATION CAN GO A LONG WAY.

The first meeting is all about your current situation and what you are hoping to achieve.

So it makes sense to have a think about what goals you would like an adviser to help you with prior to the meeting. 

To make it more of a conversation and less of a ‘list your assets session’ collect some financial information beforehand. A superannuation statement is a good start.

Using a “money manager” app is a convenient way to get organised. They list your debts and assets and provide a net worth estimate, some can track your spending.  

WHAT YOU SHOULD EXPECT FROM THE MEETING

The adviser will present you with their Financial Services Guide. It explains who they are licenced by and how they can help you. 

The adviser will want to learn about you and your goals. Be clear with your situation and what you are trying to achieve. 

The adviser will ask you a series of questions to determine your attitude towards investing, your Risk Profile. It's important as the adviser will recommended investments according to this profile.

Studies have shown people find it difficult to assess a financial adviser when they first meet them. So, what should they do? 

Assuming they feel comfortable with the adviser they should ask questions until they know more about the adviser and their service offering. 

What are the adviser’s specialties? What areas of advice are they most experienced in? What does their ideal client look like?

What are their typical charges? Are they flexible with their service offerings? Can the adviser provide a referral?