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What does a Financial Planner do?

A Financial Planner is a personal coach for your money. They bring the right knowledge, expertise and guidance to identify and help you achieve your specific lifestyle goals. It means you’ll also be partnered with a qualified professional who’s committed to helping you realise your financial possibilities.

At a glance

  • A Financial Planner will talk to you about your goals and finances.
  • They’ll then put together a personalised plan based on the building blocks to wealth.
  • A plan, with product recommendations, will be given to you for your consideration.
  • Life is full of changes, so it’s important that you review your plan on a regular basis.

Pleased to meet you

Your first meeting is about getting to know each other and making sure that you are comfortable partnering together.
Your Financial Planner will ask about your personal life goals and your current financial position.

Considering your needs

Using the information you’ve given them, your Financial Planner will look at the seven key building blocks (or strategies) of creating wealth. These include:

  • 1. Budgeting
  • 2. Investing
  • 3. Managing debt
  • 4. Managing tax
  • 5. Super
  • 6. Protection
  • 7. Centrelink

Based on your financial situation, your planner will suggest some financial strategies around these building blocks to help you make informed decisions about how to invest and protect your money.

A plan to suit

They will then create a personal financial plan for you to consider and discuss. This may include a mix of financial strategies and a recommendation of appropriate products for you. Once you are happy with your plan, your Financial Planner will implement your strategies as agreed.

Refit and review

Just as markets move and change, so do your circumstances. It’s important to review your plan annually to make sure you’re still getting the most from your money and it continues to provide what you need.

That’s why it’s best to form a long-term relationship with your chosen Financial Planner.

All Financial Planners accredited by AMP Financial Planning are authorised to provide advice on a range of financial areas. You can ask to see their Financial Services and Credit Guide and if you have any concerns you can always check with the Australian Securities and Investments Commission (ASIC).

PY Financial Services are an Authorised Representative of AMP Financial Planning Pty Limited, ABN 89 051 208 327, AFS Licence No. 232706.

Any advice contained in this website is of a general nature only and does not constitute personal financial product advice. In preparing the advice no account was taken of the objectives, financial situation or needs of any particular person. Therefore, before making any decision, readers should consider the appropriateness of the advice with regard to their particular objectives, financial situation and needs.