Frequently Asked


Frequently Asked Questions

What is personal financial advice?

Financial advice helps you make decisions about your money. Personal advice is based on your goals & priorities and it is tailored to suit your needs, putting you in control of your financial future. Quality financial advice can help you create a secure and comfortable future for you and your family. Good advice from an experienced, well-informed financial adviser can help you save money and become more financially secure.

Do I need personal financial advice?

Many people handle their own finances successfully, including looking after their super, insurance and investments. To continue this successful path, however, a significant amount of time needs to be invested in keeping up with our ever changing legislation and often complex strategies.

What does a financial adviser do?

A licensed, or appropriately authorised, financial adviser will take into account your short-medium-and-long-term financial goals and your lifestyle needs, before recommending appropriate strategies for you. The keyword is strategies- good financial planning is about strategy development. These strategies should encompass a broad range of areas from tax management to investments to estate planning, social security and insurance. Each of these areas can be complex. In seeking advice from a licensed financial adviser, you are engaging their expertise and ability to translate technical know-how into a practical financial plan that suits your particular financial needs and goals.
Financial advice can cover a range of areas including:
- Budgeting
- Tax planning
- Investments
- Aged care planning
- Estate planning
- Superannuation
- Life and risk insurance
- Government benefits that may be available
Financial advice can help you identify and plan to achieve your financial goals so you can enjoy the lifestyle you want. An adviser will help you assess your current circumstances, identify your goals and priorities, and recommend financial strategies and products that will help you reach your goals.

Why would I go to a financial adviser?

People go to financial adviser because they don’t have the time, knowledge or self-motivation to do it themselves (let’s face it; most of us have more interesting things to do with our free time). And keeping up with constant changes in laws and regulations about tax and superannuation, as well as understanding market movements and the track records of various investments can be a bit of a minefield. Most people just don’t have the time or patience to be up to date on all these issues, but it’s something financial advisers can offer.

How do I choose a financial adviser?

Your relationship with your adviser is critical to establishing a successful financial plan. It is important that you look for an adviser who:
- Is qualified and authorised to advise you on all the money matters you may be interested in
- Communicates effectively with you, including listening to and answering your questions and explaining terms
- Is able to understand your ongoing needs and to accommodate them within your financial strategy
- Is experienced in dealing with people in a similar situation to you
- Clearly outlines their expertise and the service you can expect

Why should I choose Consilium Financial?

Consilium Financial is a boutique Financial Planning Practice where the client comes first. Our approach is to provide our clients with individual advice that can evolve as their life situation changes, to meet and exceed their life goals and financial objectives.
One of our highly experienced and dedicated team members is always available to answer any questions or queries.
"Our goal is your financial success".

What sort of advice do you specialise in?

Consilium Financial provides holistic financial planning advice to clients.
We provide our clients a full range of financial planning solutions that include:
- Superannuation - planning your retirement
- Life, Trauma and Income Insurance - protecting you against risk
- Wealth accumulation strategies - growing and spreading your assets
- Budget planning - managing your cash flow and debts
- Direct shares
- Pensions and Transition to Retirement
- Self-managed Super Funds

How much can I expect to pay?

Your initial appointment with Consilium Financial is provided free of charge. If you decide to proceed we will prepare an initial statement of Advice and an annual invoice for you, which will cover all advice, implementation, appointments, phone calls and any requirements you may have in the first 12 months. Ongoing annual costs differ from person to person, depending on the complexity of your situation and amount of work involved. Your Financial adviser will be able to discuss this with you in more detail when you meet.

Can I refer a friend to Consilium Financial?

We would be flattered if you believe we can also add value to your friends and family members Financial situation. Consilium Financial accepts referrals from our existing clients and accountants.