Tailored personal financial advice that meets your best interests and demonstrates how you can get ahead
Fair and transparent pricing
A strategy uniquely designed to fit your personal circumstances and goals
No bias to recommend a certain financial strategy or product over another
A relentless commitment and focus on your needs and financial circumstances
A proven process and framework that has helped many clients get ahead financially and will keep you on track
WHY ENGAGE WITH FALCON?
Tailored personal financial advice that meets your best interests and demonstrates how you can get ahead
Fair and transparent pricing
A strategy uniquely designed to fit your personal circumstances and goals
No bias to recommend a certain financial strategy or product over another
A relentless commitment and focus on your needs and financial circumstances
A proven process and framework that has helped many clients get ahead financially and will keep you on track
How to Engage with Falcon Financial Advisers
When engaging with Falcon or any financial advice practice within Australia for the first time, there are usually two phases involved:
Your foundational financial plan (encompassed by a Statement of Advice, or SOA)
Your Ongoing Service Agreement (or Fixed Term Agreement). This generally (but not necessarily) follows the Statement of Advice should you agree to implement the recommendations outlined, and is what we call the second phase of a financial advice engagement.
Before moving ahead with any financial adviser, it is critical that you have a full understanding of what is being proposed and the fees payable. At Falcon, we will strive to provide you with a clear understanding of what’s involved and fees payable at each step of the engagement process. Our priority is to ensure you are comfortable with what is being proposed and you have an informed understanding before deciding to proceed. The steps of our engagement process are outlined in detail below.
A chance to connect and get to know a bit about what you’re looking for and how we can best assist. Depending on your needs we will book in your initial consultation from here.
Step 2: Initial Consultation
(up to 90 minutes)
Prior to meeting, we will collect your information and requirements via our secure online client portal. This session will comprehensively cover your situation, advice needs and how we can best assist, including an indication on pricing.
Step 3: Proposal
Following your initial consultation and review of your financial arrangements, we will have a clear understanding of the nature of your advice needs. We will issue a formal engagement proposal outlining the advice involved and your investment.
This is payable in 2 stages – 50% upfront with the remainder payable upon presentation.
Step 4: Strategy Development
(allow for 3-4 weeks)
Once you accept your proposal and upon paying the first instalment, we will immediately get started on developing your strategy, including investigating your financial position, liaising with related 3rd parties (like your accountant and super provider) and ultimately developing the financial scenarios to support our personal financial recommendations to meet your goals.
Step 5: Advice Presentation Meeting
(90 minutes)
Upon completing your financial plan we will book in a meeting to present your financial strategy and cover our recommendations. A copy of the plan will be sent prior to the meeting. As financial advice can be complex in nature, we will give you every opportunity to review the recommendations and ask any questions you may have.
We encourage you to take your time in considering the proposal before agreeing to implement the recommendations. Depending on the nature of the advice needed and your requirements, we may recommend you take up our program of ongoing service, as covered by Advice Phase 2.
ADVICE PHASE 2
Implementation and Ongoing Service
It’s important to understand that our financial advice engagements are tailored to meet your specific needs. As such they may not precisely follow the steps outlined below, as some of you may have different financial arrangements and needs, warranting higher points of contact and advice throughout the year.
However, this provides a general guide as to what a typical service arrangement may look like for a client of Falcon.
Step 1: Implementation
(time dependent on complexity of the advice)
Upon accepting the recommendations outlined in your Advice, we will commence implementation of the advice. We effectively act as your project manager in establishing new accounts, applying for insurances, liaising with 3rd party professionals and assisting with the administration involved in the advice set up, or any other elements involed in your plan.
This part of the process can also be accompanied by your Ongoing Service Agreement, which if required will be presented to you with your financial plan.
Step 2: Post Implementation Meeting
(3-months after Signing the Agreement, or completing all implementation, whichever comes first)
We use this meeting as an opportunity to keep you updated with how your new arrangements are tracking, including a demonstration where needed.
Step 3: Financial Progress Meeting
(8 weeks prior to the anniversary of Ongoing Service Agreement)
This is your formal progress meeting, where we check in to see how you are travelling, including a review of your financial position and circumstances, and further financial advice where needed.
This meeting also presents an opportunity for you to determine the value and support we have provided in keeping you on track financially.
Step 4: Further Advice
(Following your progress meeting)
This step will depend on the outcome of your progress meeting. Depending on the nature of the advice or how significant your circumstances might have changed, you will receive further advice in the form of another Statement of Advice (SoA), or a simpler Record of Advice (RoA) if there are no or insignificant changes.
Step 5: Renewal of Services
(12-month anniversary of the Service Agreement)
By giving you the chance to opt into your advice arrangements every 12 months, you are given the chance to have a greater say over how your affairs are managed and whether your adviser is providing sufficient value.
The fees should also differ from year to year depending on needs and circumstances. At Falcon, we see this as a win for the client and a win for us, as we are motivated to provide a consistent and excellent level of service to all of our clients and tailored to their specific needs.