Skip to main content Skip to main navigation Skip to accessibility page Skip to search input

Setting up a financial plan means that you're taking a more structured long-term view of your life and how you want to live it. When you meet with a BT Adviser, he or she will work through a four-step process.

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

This meeting is about helping you and your financial adviser understand where you are and how we can help you. You'll discuss your current financial situation and budget and also talk about:

  • What's important to you and your family?
  • Where are you now, and what are your most urgent needs?
  • Where do you want to be and what would you like to achieve in the future?
  • Who else do we need to consider in creating your plan? (i.e. spouse, family members, business partners, etc.)
  • What other issues do we need to consider?
  • What's your current investment experience and attitude?

Step 2. Recommended strategies and advice

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

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

Step 3. Implementing your financial plan

This is where you and your financial adviser agree the strategies that will be put into practice. It may consist of things like setting up new investments, or transferring existing ones. You might 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 financial adviser are important to ensure your plan is always working as well as it can for you.

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


Things you should know

Westpac Financial Planning FSG (PDF 154KB)

BT Advisers are representatives of Westpac Banking Corporation ABN 33 007 457 141 AFSL & Australian Credit Licence 233714 (Westpac). BT is a division of Westpac. Conditions, fees and charges may apply. These may change or we may introduce new ones in the future. Full details are available on request. Lending criteria apply to approval of credit products. This information does not take into account your personal circumstances, so you should consider whether it's appropriate for you. View Westpac's Financial Services Guide (PDF 154KB). This is an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Information current as at March 2016.