Services

What happens when you see a Westpac Financial Planner

A financial plan means that you’re taking a more structured long-term view of your life and how you want to live it. This is where a Westpac Financial Planner can assist in what is essentially a four-step collaborative process.

Step 1. Initial meeting – understanding your current situation and goals

This meeting is about working out where you are financially and where you want to go. You’ll likely discuss your current financial situation and budget as well as articulate:

• What you want to achieve
• Your approach to investing.

Step 2. Recommended strategies and advice

Using the information gathered from your first meeting (Step 1), your planner will devise a set of strategies to help you to meet your financial and lifestyle objectives. It may cover such areas as: 

• Wealth creation
• Superannuation and retirement planning
• Wealth protection
• Estate planning.

Step 3. Implementing your financial plan

This is where the agreed strategies are put into practice. It may consist of things like setting up new, or transferring existing investments. You may also consider:

• Consolidating superannuation accounts
• Establishing regular contributions and wealth protection policies.

Step 4. Regular reviews – ongoing service and advice

Many things can influence how you want to control your finances, and these things can change. Regular review meetings with your planner are important to ensure your financial plan is always working as best as it can for you.

As part of this ongoing collaborative relationship you’ll receive personalised reports to help you monitor your investments.  This helps keep your financial objectives, whether they change or not, in focus and on track.

Your Westpac Financial Planner

It makes sense to engage a Westpac Financial Planner. With knowledge of the latest industry requirements, they can evaluate your options and tailor strategies to suit your individual circumstances throughout your life.