Our Advice

OUR ADVICE

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Our diverse range of specialists means that we can integrate all your financial needs in the one place. Our financial planners work with you to provide a personal and strategic direction for your financial future.

We choose to hold our licence through AMP Financial Planning Pty Limited and therefore benefit from the support of one of Australia's largest financial services organisations.

 

OUR PROCESS

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At Provident, we follow a six step process for building successful financial plans tailored to your individual needs.
 

1  INITIAL ENGAGEMENT

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We provide you with information about Provident, including our Financial Services and Credit Guide which details our background, how we work and our advice fees. We will send you forms to be completed and returned prior to your first appointment as well as advise you on what to bring on your first appointment.

 

2  INFORMATION GATHERING

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• First meeting with your planner

In addition to the financial information that have already provided, your planner will ask you about your goals and objectives, your attitude to risk and what financial success looks like to you.

All this information will be used as the foundation for developing a plan tailored to your needs. Your planner will explain our advice services and process, including our model portfolios, and our service packages.
 

3  ADVICE FORMULATION & DOCUMENTATION

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Your planner will take a comprehensive look at your position, and after extensive research and modelling, will recommend in a written Statement of Advice (SOA) the most suitable strategies, products and services to achieve your goals and objectives.
 

4  ADVICE PREPARATION & ACCEPTANCE

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• Second meeting with your planner

Your planner will meet with you to present your financial plan (SOA) and explain the strategy, products and services.
 

5  ADVICE IMPLEMENTATION

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• Possible third meeting with your planner

When you are ready to proceed, your financial plan will be put into action. Depending on the products recommended in your SOA, we may need to arrange another meeting with your planner.
 

6  ONGOING REVIEW

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Your circumstances, lifestyle and financial goals will change over time, it is a wonderful part of living, so it is important that your financial plan is regularly reviewed and adjusted as necessary, to ensure your plan remains on track as you dicsover more dreams to fulfil.

 

OUR COST STRUCTURE

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Our costs and fees, outlined in our Financial Services and Credit Guide, are discussed with you prior to undertaking the advice process. This ensures that you are always fully aware of any fees or commissions in advance.
 

INITIAL CONSULTATION

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• no charge

 

STATEMENT OF ADVICE PREPARATION FEE

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Before commencement, we will forward to you a document that summarises our understanding of your goals and objectives, your current situation and the appropriate cost for the preparation of your Statement of Advice (a financial plan that states our recommendations).