How long is my initial meeting?
Your first meeting can take up to two hours. In this time we address your goals and objectives, current financial position and personal situation. It is an opportunity for us to get to know each other, and we assess if we are the right fit for each other. If you have your financial documents or copies of them, this will speed up the process. This investment of time ensures we understand you and what you are looking for.
What do I need to bring?
During your first appointment, we will establish why you are seeking financial advice, what your goals are and what you expect from us. To assist us, we ask that you to have ready as many documents as you can, such as photo ID, tax returns, superannuation, loan and bank statements, copies of wills, insurance details, and/or a budget.
What does the first meeting cost?
Your initial appointment with Make Work Optional is provided complimentary to you. If you decide to proceed after receiving the client agreement, we will issue an invoice for you for the preparation of an Initial Statement of Advice.
Ongoing annual adviser costs differ from person to person, depending on the complexity of your situation and the amount of work involved. This arrangement will cover the implementation of the Initial Statement of Advice, appointments, phone calls and any other requirements you might have for the first twelve months.
You will be provided with a written quote prior to appointing Make Work Optional as your financial planner.
When do I need to make a decision?
After your initial appointment (Discovery Meeting) we will correlate your details and consider your personal situation and have a second meeting to confirm our understanding and provide to you a client agreement which outlines the services we will be providing and our fees. You should take the time to read and consider your client agreement before signing and returning it to us. There is no rush to make a decision and typically clients take one to two weeks to consider our agreement and make a decision. We commence work once a signed client agreement is received.
Can you do my accounting?
We do not offer accounting services. We are happy to work with your existing accountant or we can provide a referral to an accountant if you do not have one.
Similarly we are not solicitors and do not do legal work. We will happily work with your existing solicitor or refer you to one if you don’t already have one.
Can you help with Self Managed Super Funds?
Yes. We offer comprehensive advice and can certainly cover advice on SMSFs. Make Work Optional assist clients to set-up or close down SMSFs where appropriate, as well as their ongoing management. We also offer advice on retail superannuation funds, industry super funds and small APRA funds as well.
When can I access my super?
There are restrictions on when you can access your super for a lump sum withdrawal or start a retirement income stream.
Generally, you can access your superannuation in full once you have:
- Reached your preservation age and retired from the workforce
- Termination of employment after turning 60 years of age
- Reached 65 years of age
Am I eligible for the age pension?
The Age Pension was put in place to support older Australians who are in need of income support and other concessions during their retirement years. Benefits are offered to Australian residents who are age 65-67 (depending on their Date of Birth) or over and meet the income and asset test requirements. The age pension system provides a wide range of support for older residents during retirement.
ON INVESTMENT MANAGEMENT
Can you help with Self Managed Super Funds?
Our investment consultation component involves providing information about the types of investment vehicles available, advice on investments, investment analysis and strategies, asset selection and portfolio design, as well as assisting you with your investment account if it is maintained at another broker/dealer or custodian.
How are investment portfolios implemented?
After a thorough and detailed analysis of the client’s specific circumstances, an Investment strategy and detailed Implementation Plan is constructed for the client’s review, consideration and approval. Make Work Optional’s primary goal is to be thoughtful, detailed and consistent when dealing with the client’s legacy of wealth.
How do I pay?
We deduct the fees directly from your account on a monthly basis. We bill in arrears, which means that we only bill you for services at the end of the month.
What is Make Work Optional's investment philosophy?
Make Work Optional’s philosophy is founded in historical perspective and market knowledge. History has shown that investment cycles repeat themselves, providing a range of expected performance, however, it is not reasonable that one can “time” buying or selling within a market cycle. We believe that a diversified portfolio that is thoughtfully structured and implemented will provide an investor with a greater likelihood of better, more stabilized performance through these market cycles.
STILL HAVE QUESTIONS?
We are more than happy to respond. Please click the button below to schedule a 15 minute phone call.