Strategic Advice
Outlook Financial Solutions takes pride in the sound strategic advice provided to clients on an ongoing basis.
A sound strategy is a pre-requisite to successful financial planning. All investment recommendations and financial decisions should be based on the strategy adopted.
Our Australian Financial Services Licence allows us to provide advice in most areas of financial planning. Our highly qualilfied and experienced team of financial planners are all salary based employees of the business. This ensures that you receive objective strategic advice that is appropriate for your circumstances.
Initial set up
Your initial disussions with a financial planner involve an assessment of your current situation, your goals and requirements.
After a detailed analysis of your circumstances and goals, your financial planner will evaluate various strategies that could be employed to help you achieve them. The recommended strategy will be presented to you as a written document called the Statement of Advice (SoA).
For example, your goal may be to fund your retirement lifestyle. Depending on your circumstances and requirements you could use various strategies to achieve this goal. An Allocated Pension may be suitable for one while a Complying Pension more suited to another. These strategies could be applied in different situations as well. A Self Managed Super Fund structure could be the preferred option for one while staying in the employer Super Fund could be a better option for another. Click here to read more about income steams in retirement.
Issues like this can have a significant impact on your financial future.
Ongoing advice
Although financial strategies and investments need to have a long term focus, it is also important to assess and evaluate them on an ongoing basis.
A change in your circumstances could mean that a particular strategy is no longer appropriate for you. This could be triggered by events like retirement, change in marital status, turning 65, passing away of a spouse, inheritance etc.
Economic, political or other events and developments can also initiate a change in strategy or investments.
All clients are encouraged to visit their Outlook financial planner at least once every year to ensure that their strategy is consistent with their circumstances, requirements and goals. This is an essential part of planning for your future.
We encourage clients to contact us directly to discuss queries or issues.
The Outlook Investment Committee is constantly monitoring, reviewing and analysing all recommended managers and all issues related to the investment portfolios of our clients.
In addition, Outlook generally provides recommendations on investment portfolios at least on a six monthly basis. Based on research and analysis we may recommend a change to the fund managers, asset allocation etc.