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The Financial Planning Process

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The six steps in financial planning are:

Understanding you and your current situation

In order for a financial planner to be able to provide advice relevant to your situation, they will need to obtain the following information from you:

  • Your superannuation situation
  • Your assets (list your investments and property) and your liabilities (mortgages and loans)
  • Your total income (wages, salary, interest, rentals and dividends)
  • Your living expenses (food, clothing, general expenses and holidays)
  • Insurance
  • Your attitude to risk. Are you risk adverse or prepared to accept a certain level of risk? ^

Setting goals & objectives

What is it that you want to achieve from your investments? Have you a short or long term focus?

Some common goals include:

  • Saving for a deposit
  • Paying off a first home
  • Saving smarter through a more appropriate investment program
  • Investing superannuation tax-effectively
  • Planning for retirement, including rollovers, annuities and pensions
  • Transferring wealth to children
  • Maintaining a lifestyle in the event of redundancy and early retirement

A Quadrant Local financial planner will help you identify your goals. ^

Identify critical success factors and barriers to achieving your goals

A financial planner will review your goals and compare these to your current situation. They will then highlight the areas critical to achieving your goals and the financial barriers that need to be overcome. ^

A financial planner will then identify various strategies that will assist you to achieve your goal. They could include actions within the following areas:

  • Asset allocation strategies - changing your mix of property, domestic and international shares, bonds and cash
  • Tax strategies – taking advantage of potential negative gearing opportunities and savings in income tax and capital gains tax
  • Superannuation strategies – contribution and withdrawal adjustments, Reasonable Benefit Limit considerations
  • Risk management strategies – ensuring you have suitable insurance and estate planning so your income and assets are always properly protected
  • Social Security strategies - to maximise your income support entitlements ^

Implementing the agreed strategy

A financial planner with then assist you to implement your agreed strategy. This could involve:

  • Buying or selling investments
  • Restructuring current loans or taking out new loans to reinvest
  • Redirecting savings into Superannuation
  • Buying additional insurance ^

Ongoing review and monitoring of your strategy

As you progress through life, your circumstances and goals change. It is important that you regularly review your plan with your financial planner to ensure that it continues to be relevant. ^

More Information


We can organise for an initial no obligation free Financial Planning consultation
If you have any questions Contact Us


Any advice provided by South West Credit detailed in this website is provided independently of Quadrant Local and our Licensee, Charter Financial Planning Limited. Neither Quadrant Local, nor Charter Financial Planning Limited take any responsibility for any actions or service they provide.
TQC Nominees Pty Ltd ABN 15 053 019 560 and The Trustee for Portland Planning Trust ABN 83 789 671 326 trading as Quadrant Local are authorised representatives of Charter Financial Planning Limited, Australian Financial Services Licensee and Australian Credit Licensee