The Financial Planning Process

We at Hudson Advisory Group aim to be working with our clients long-term. Financial Planning advice is regulated by the Australian Securities and Investment Commission (ASIC) to ensure that appropriate advice is given. A Hudson Advisory Group Financial Advisor works to ensure that he is not only meeting this obligation but meeting the obligation to the client, thus ensuring a sound long-term relationship.

The following financial process is usually followed to make sure the above occurs.

Initial Meeting

A Hudson Advisory Group Financial Advisor will first provide a client with a financial services guide (FSG) which outlines the type of advice the advisor is licenced to provide and how he or she is paid.

During this initial meeting the advisor will discuss a clients concerns and expectations.  The advisor will gather, identify and organize all of the clients’ financial information including a clients’ financial goals and objectives. The advisor will gather both quantitative data such as investment details, asset and liabilities, as well as qualitative data such as a clients’ health, goals and risk tolerance.

Second Meeting

From the information provided from the first meeting Hudson Advisory Group will formulate a personal financial plan tailored specifically to help achieve the clients goals, at this time the advisor will present a clients financial plan to them and make specific recommendations.

Following the plan and recommendations being agreed too, regular reviews of the plan will be undertaken to ensure it is changing and adaptable to both the client and the financial market place.