ABOUT THIS EPISODE
What actually happens when you engage a Financial Adviser?
In this episode of Behind the Advice Australia, Runway Wealth Management’s Director and Financial Adviser, Mitchell Kelsey is joined by Adam Bolton, Financial Adviser and Director of Bolton Financial Services, to take a closer look at the Australian financial advice process and the work that sits behind the recommendations a client ultimately receives.
For an Australian living overseas, obtaining financial advice can involve additional considerations, particularly where Australian financial arrangements intersect with an individual’s overseas circumstances. The conversation explores the journey from the initial client discussion through to strategy development, research, compliance, implementation and ongoing advice, providing an insight into what clients may not always see behind the advice process.
Key topics discussed include:
- The key stages involved in obtaining financial advice and what clients can expect throughout the process;
- How advisers assess the circumstances, objectives and financial position of a client;
- The research, strategy development and modelling that underpin personalised recommendations;
- The regulatory, compliance and professional obligations involved in delivering financial advice as a licensed Australian Financial Adviser;
- What a Statement of Advice (SoA) represents and the work required to prepare it;
- How advice fees are structured, what clients are paying for and what happens after recommendations are accepted;
- The additional considerations that can arise when obtaining financial advice as an Australian expat.
The episode concludes with a discussion covering common misconceptions about Financial Advisers, the most misunderstood aspects of the advice process and what Australians living overseas should consider when choosing a Financial Adviser.
Whether you are an Australian living overseas and considering obtaining financial advice or simply want to better understand how the financial advice process works, this episode provides an insight into the professional work involved in developing and delivering quality financial advice.
To learn more about Adam Bolton, reach out to Bolton Financial Services: www.boltonfs.com.au
To learn more about how Runway Wealth Management can assist Australians living and working overseas, check out our website here: https://www.runwaywealth.com/
General Advice Disclaimer: The information contained herein is of a general nature only and does not constitute personal advice. You should not act on any recommendation without considering your personal needs, circumstances, and objectives. We recommend you obtain professional financial advice specific to your circumstances.
Runway Wealth Management Pty Ltd (ABN 17 677 212 967) (Corporate Authorised Representative No. 001311450) is an authorised representative of AFSL 340289.
