Our approach

FINANCIAL FREEDOM

What does 'Financial Freedom' mean to you? 

To us, it is about going to work each day by choice, rather than out of necessity.  It is about having your money work harder, so you don't have to.  Sounds great, right?

Well, we are in the business of helping clients achieve Financial Freedom.  Through quality advice, careful planning and sound investment decisions we can work with you to build a financial backbone that will allow you become less dependent on your salaried income and able to focus more on what matters most to you.   

We help clients from all walks of life. At any given time, we have clients who are younger people just starting their financial journey in life, established and mature families looking to address financial milestones, SME business owners with their own set of unique issues, clients in professional service industries with specific needs, retirees and SMSF clients etc.

Our goal is to make clients financially secure enough, so that they can enjoy the lifestyle they want.

We do this by sitting down and discussing both your financial and  lifestyle goals.  Once we know what we are trying to achieve, we will be able to determine appropriate financial strategies to help you get on the right course to achieve these goals.

As life continues to change (and it will), your Drakkar Group adviser will be there right alongside you to make appropriate adjustments to your plan and respond to the changes as they occur.

Different life stages will present different challenges. Here are a few examples of when our advice may be of value to you:

  • Getting Married or joining a De Facto relationship
  • Starting a family
  • Purchasing your first home
  • Changing Jobs
  • Being made redundant
  • Considering a new Investment
  • Separation or Divorce
  • Thinking about or Transitioning into Retirement
  • Seeking government assistance like Age Pension

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THE PLANNING PROCESS

Initial Contact

For whatever reason, you have decided to take action and contact one of our highly qualified and experienced Financial Planners. Good for you!

During this phone call, we will make some brief enquiries into your situation to try and understand what issues you may have and what your desired outcome is from seeking financial advice in the first place.

By the end of this call we will have likely agreed on a meeting time and provided you with a list of things things you will need to bring with you on the day to help make best use of your time.

First Meeting – Getting to know each other.

The intention of this first meeting, is for you to meet and hopefully feel comfortable with your Drakkar Group adviser and for us to meet you and also feel comfortable doing business with you.

During this session, we will sit down and work out your true current position. We’ll look at your household income vs. expenditure, are determine if you are tracking ahead or behind? We’ll look at what assets we have that can be used and/or liabilities that we need to address?

We will also examine any peripheral issues that need to be accounted for (i.e. planned holidays, schooling costs, balloon payments for cars, boats or planes… Wait, did you say planes? Yep, don’t ask me why but seems to be a doctor thing)?

Once we have completed the current position, we will then focus on your specific goals and objectives (these can be anything from a new car, first home, first investment, next investment, planning for life events, the transition into retirement etc).

By the end of this session, there are likely to be things you already knew needed to be addressed and perhaps some other issues that you were unaware of (people don’t know, what they don’t know).

With all of that in mind, we will then discuss and agree on a scope of advice before providing you with a fixed price quote.

You will leave this meeting with all the information you need to decide to proceed. There is no cost nor obligation to proceed at this stage.

Second Meeting - Statement of Advice Presentation

By this time, we may have spoken to you a few times via phone/email to clarify certain details and to ensure that we are on the same page with the direction of your financial strategy.

It is during this second meeting that we will roll out in detail the recommendations we have made to help you achieve your specified goals and objectives.

The Statement of Advice you will receive will be like a ‘cook-book’ or ‘how-to’ guide. In addition to the ‘how to do’, we will also provide you with the pros and cons of each recommendation. This is done so that you are left in the best possible position to make a fully informed decision.

Once we have discussed the recommendations and you are satisfied with what needs to happen, we will then discuss and agree on who will be responsible to implement each recommendation (us or you) and then who is to monitor them.

The advice will be given is such a way that if you did wish to proceed with the recommendations yourself, then you will be free to do so as the advice is now yours. If you do decide to implement the advice yourself, then there will be no further costs from our end.

If like most clients, you wish for us to procced with implementing the recommendations on your behalf, then the Statement of Advice document will include an outline any fees and charges for us to do so.

Ongoing Service Arrangement(s)

Like any good plan, it first needs to be set in motion but it then needs to be reviewed regularly to ensure that it is still relevant given the ever-changing nature of life, investments, legislation, economic factors etc.

To cater for client’s unique needs, we can provide a series of ongoing service arrangement options.

Most clients wish to set their plan in motion and then have us arrange regular review appointments in advance so that we can monitor and adjust the plan as life continues to change. For this, we have an ongoing service agreement based on anticipated amount of attention the clients file may need.

In some cases, clients may have specific issue they wish to have addressed and as such have no need for ongoing assistance. For these instances, we have a project based/assignment rate that will be applied to the case. These are generally quoted and paid in advance.

At the end of the Statement of Advice presentation, we will be able to provide a recommendation for an ongoing service arrangement. The client can agree and accept this proposal, or request an alternative arrangement if they wish.

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OUR SERVICES

  • Financial Planning
  • Wealth Coaching Services
  • Investment Advice
  • Personal Life Insurance
  • Superannuation Advice (inc. SMSF)
  • Retirement Planning