Woman enjoying her time on a beach.
Australian couple who are retired.
Relaxed business man at desk.
Relaxed business man at desk.

Our Process

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Step 1 – The First Interview

The first step allows you to get to know us and for us to get to know you. Issues that are concerning you are discussed and we will outline the services we can provide to address these concerns. We present you with a Welcome Kit which includes our Financial Services Guide (FSG) and Client Financial Planning Questionnaire.

Our Process - Step 01
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Step 2 – Collect Information

The value of any financial plan depends on the quality and accuracy of the information upon which the plan is based. Make sure you give us up to date information.

Our Process - Step 02
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Step 3 – Set Goals and Objectives

The next step is to prepare short, medium and long-term objectives. A second meeting will normally be required to discuss and clarify any issues in more depth

It is at this point that, together we will establish precisely what you want from us and reach agreement on the Terms of Engagement – the written contract relating to our services. Your approval of the terms and cost of the engagement is required before we proceed to the next step.

Our Process - Step 03
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Step 4 – Formulate Strategy

The strategy is developed to achieve the objectives that are set. We will recommend a strategy or a combination of strategies devised to achieve your goals within the agreed risk and time framework. Your financial planner will then present a written report (known as the Statement of Advice (SOA)) to you. The written report will include appropriate products and services tailored to your circumstances.

Our Process - Step 04
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Step 5 – Select Appropriate Products and Services

Review and revise the plan at regular intervals, or when circumstances change. Whatever suits your financial situation.

Our Process - Step 05
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Step 6 – Implement Strategy

The plan is now ready to be implemented and all the necessary paperwork completed. Our implementation team will co-ordinate all documents and/or other requirements in to complete the implementation.

Our Process - Step 04
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Step 7 – Portfolio Review Service

It is essential that your financial plan is reviewed and refined to ensure the plan stays on track and that your goals are achieved.

It is therefore essential you select the Murdoch Private Wealth Ongoing Review Service. The cost of this service will be quoted in your original Statement of Advice.

Our Process - Step 05

Suggested information to bring to your first consultation:

  • Asset details and values
  • Your most recent:
    • Tax return/s
    • Superannuation statements
    • Personal insurance statements
  • SMSF Trust Deed and Investment Strategy
  • Investment details external to Superannuation
    • Share holdings, managed funds and/ or investment properties
  • Personal insurance policies
  • Information on all liabilities and loan detail(s)
  • Income and expenditure details
  • Estate Planning documents
    • Will
    • Power of Attorneys
  • Centrelink income and assets statement