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The Coastal Advice Group Process

We approach financial planning a little differently. We place a lot of importance on getting to know your future aspirations and goals before we get started on developing your personalised financial plan.

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Step 1

Your First Meeting

  • Establishing your meeting agenda
  • Understanding your current financial position
  • Aligning both clients on your future goals, objectives and aspiration
  • Education on Super, Insurance, and Investments
  • Discussing relevant strategies for your situation
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Step 2

The Presentation

  • Explaining risk profile and asset classes
  • Detailed explanation of Superannuation
  • Cashflow options and how we best allocate surplus funds
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Step 3

Scope of Work & Fact Find

  • Engagement terms agreed
  • Risk Profile Questionnaire completed
  • Initial Fee to commence work
  • Statements for current products provided
  • Authorities for data collection
  • Next steps confirmed
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Step 4

Research Process

  • Detailed review of existing products fees and benefits
  • Consideration for new products vs existing
  • Insurance sum insured calculations
  • Review all strategy pros and cons
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Step 5

Product Selection

  • Consider the most appropriate products for your strategy
  • Research most suitable products and alternatives for Statement of Advice (SOA)
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Step 6

Planning Process

  • File review including research and data collections
  • Meeting with Senior Paraplanner
  • Agree to strategy development and discussion
  • SOA produced within 10 business days
  • Senior Paraplanner to review and sign off
  • Financial Adviser review and ensure recommendations are aligned to your goals
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Step 7

SOA Presentation

  • Present SOA to ensure it meets your expectations
  • Ensure you understand all recommendations
  • Complete and sign all relevant applications
  • Insurance application meeting booked
  • All documents forwarded to implementation team for processing
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Step 8

Implementation

  • All recommendations commence implementation process
  • Complete implementation of all recommended transactions
  • Insurance application through underwriting
  • Timeframe for completion 4-8 weeks
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Step 9

Planning Your Future

  • Review all documentation received
  • Ensure you understand all the changes we have completed
  • Ensure online access established for new investment products
  • Establish clear path forward for our ongoing support
  • Build agreed timeframe for regular progress meetings

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