Statement of Advice FAQs

To secure your financial future it requires a team of experienced professionals working together.

Frequently Asked Questions

We often get asked questions like these when it comes to preparing and presenting the Statement of Advice.
  • What do I need to do between now and the presentation?

    Firstly, take a moment to commend yourself for taking the next step to a more secure financial future. Secondly, please ensure you return The Budget Calculator as soon as possible. Also, please notify the team if there is any change in your circumstances as this could delay the Statement of Advice.

  • What should I bring to the presentation?

    Bring yourself/your partner and any questions you may have about your financial future. Another common thing that is brought to the meetings is the details of the nominated beneficiaries.

  • What does the commitment fee cover?

    The commitment fee covers only part of the costs involved in developing the Statement of Advice document such as intellectual property, research, data collections, team strategy meetings, operating and compliance costs.

    The commitment fee also lets us know that you are serious about improving your financial future and that you’re ready to take action. These are two common traits shared by our most successful clients.

  • What happens at the Statement of Advice presentation?

    The Statement of Advice presentation will cover a range of topics relating to your financial future and current situation. It will also reconfirm your objectives, the strategies and recommendations of the document, outline the agreed upon service level as well as the key MWS values and the implementation process.

  • Do we have to make a decision?

    Yes, at the end of the presentation we ask that you make a decision.
    The most common decision that is made is proceeding in full with the recommendations outlined in the Statement of Advice.

    The second most common option is proceeding in part, in this option, it means that you are knowingly not proceeding with the full range of recommendations.

  • What can delay the Statement of Advice?

    Like in life there are things outside of our control and sometimes these can impact our development of the Statement of Advice.

    Common things that can delay the Statement of Advice are:

    • Incorrect account details e.g. if your name has changed
    • Changes in circumstances between the initial meeting and your SOA presentation
    • Delay in returning The Budget Calculator
  • What if my circumstances change?

    We understand that things change and if something changes between the initial discovery appointment and the statement of advice presentation, big or small, just tell a member of the team and we can make adjustments to the plan where needed.

  • How long does a Statement of Advice take to prepare?

    Numerous staff work days on the development of the Statement of Advice and some plans can take upwards of 30 man hours. Also included in the time to prepare the plan is the years it has taken the team to build the knowledge and keep this knowledge up to date to bring these strategies to our clients.

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I contacted Ben Budge to provide a holistic review of our financial position, including investments, superannuation and retirement planning. Ben provided a summary of our financial goals, along with how our strategies aligned with those objectives…which was great for motivating us to make some changes…I would consider Ben to be very professional and friendly, and I’d recommend him to anyone seeking to secure their financial and retirement planning.

Ian J.
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Joining My Wealth Solutions was one of the best decisions I’ve made – they have a great team there and communication is fantastic. Ben walked me through the whole process and I knew I was in safe hands with the transparent explanations of all aspect’s of what I could expect. I can’t recommend them highly enough and am excited about what’s to come.

June J.
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My wife and I decided to make some changes to the way we were managing our finances and planning for our future financial security. Through the process of re-financing for the construction of our new family home,…from the very first meeting we had with Ben, we were comfortable and at the same time excited about…to our financial planning and future position.

Andrew H.
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So far my experience with Ben and the team at My Wealth Solutions has been exemplary. They have offered fantastic, reliable and prompt advice and their knowledge far outweighs the cost of service. I would recommend this route to anyone seeking financial advice. Looking forward to my future even more so thanks to My Wealth Solutions.

Adrian L.
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We have been extremely happy with the service and advice that we have received from Ben and all of the staff at My Wealth Solutions. Ben and his staff are always very friendly, helpful and take the time to discuss any questions that we have had along our financial advice journey to date with them. We would have no hesitation in recommending the services of My Wealth Solutions.

Susan K.
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Guy has been our financial advisor for almost eight years now. In that time we’ve been very happy with his service, advice and personal touch. Highly recommended!

Oliver W.
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My experience with Guy Freeman has been totally professional and totally satisfactory. Guy has managed my small investments but maintained at the same time a personal interest in my health and well being… I have to say that I have complete trust in Guy and am so pleased he is looking after my investments giving me a secure future.

Jennette B.
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I was recommended Guy Freeman’s help with planning my financial future, and am very satisfied and reassured by his input over the last couple of years. I’ve actually received more input than I thought possible…sound investments; making a will, life insurance, income protection insurance, and realistic plans for retirement… I feel ‘looked after’ by this company, and excited about my financial future.

Jack H.
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