Our Approach

Many of our clients are first-time advice clients. We recognise that this means they’ve not seen a financial planner before or understand how financial planning works. As a result, we outline below our approach to Lifestyle Financial Planning and the key steps you can expect to take as we work to create, implement, and manage your bespoke financial plan. Alphington Private Wealth is a wholistic financial advisory practice.  The foundation of what we do is to partner with you on an ongoing basis to ensure your achieving your short-term and long-term goals.

Step 1 – Discovery Meeting

Our initial meeting is a time for both yourself and Alphington Private Wealth to understand each other, what we can offer to you and how you feel about us!

• This is your opportunity to ask questions about us and assess if we’re the right kind of planner for you.
• Without knowing your goals, we can’t help you achieve them. Almost everything in life has a financial consequence so it’s important we understand your goals and vision.
• By understanding your financial life in the greatest detail, we can, we can start thinking about which financial planning options and strategies might be right to help you achieve your goals.

Step 2 – Financial Planning Meeting

We will meet again once we have had a chance to review our initial discussions with you along with the information you have provided. At this meeting, we will go through our approach and your projected cashflow to 100yo. Based on your current scenario.We will discuss some potential ideas that we may incorporate and ask for your thoughts and input. Of course, this is your opportunity to ask questions too. It’s really important to us that clients understand the approach and strategies, for a number of reasons:

• It helps you make more informed decisions about how to move forward.
• It reduces the risk of misunderstanding and complications down the track.
• It enhances your financial literacy and empowerment.
• It builds trust and confidence in the relationship we have with you.
• You get to see how we might add value to your circumstances.

Step 3 – Create and present your bespoke personal financial plan

We provide you with a detailed plan on goals and objectives and discuss the processes of achieving in detail.

• We share insights into your financial life when we present your financial plan to you.
• Receiving well researched and considered recommendations is what lifestyle financial planning is out for you – it’s about getting the advice you need to help you move your financial goals forward.
• Documenting the advice not only means you have a record of it, but it also provides a point where we can measure your

Step 4 – Plan implementation, but only after your understanding and agreement to proceed

A plan is just a plan until its implemented.  We pride ourselves on assisting you to put into action the details and follow-up to ensure all items are completed.

• The advice you receive provides clarity to make decisions. At this stage, and with your say so, we start turning the advice recommendations into reality.
• We might also need to work with your other advice professionals like your accountant, tax agent or solicitor to implement the plan, depending on the circumstances.

Step 5 – Progress Review

We work with you on a regular basis:

• To review your goals and objectives – are they meeting their target.
• To review legislation changes and the impact to you.
• Adjust the plan and ensure its relevant to your current lifestyle goals and changes.

If our approach to financial planning sounds right for your needs, we look forward to meeting with you.

To make an appointment, call us on 03 9038 9449 (Melbourne) or 08 8461 9191 (Adelaide) during business hours. Alternatively, complete the contact form and a member of our team will reach out to you to make an appointment for you. We can meet face to face in our offices, and in capital cities. Video meetings are also available.