With our expert aged care financial advisors by your side, you can make informed decisions that align with your financial situation and goals.
With our expert aged care financial advisors by your side, you can make informed decisions that align with your financial situation and goals.
Planning for aged care can be complex and emotional, but with the right support, it doesn’t have to be overwhelming. At Inovayt, our aged care financial advice services guide you through the process, ensuring you or your loved ones receive the care they need without financial stress.
Navigating aged care costs and requirements is a challenge for many families. Inovayt’s team of experienced aged care financial advisors can help you make sense of the financial aspects, from understanding fees and charges to managing assets. Whether you’re concerned about daily care fees or how aged care impacts your superannuation advice, we consider every aspect of your situation, offering custom solutions to bring peace of mind.
Our personalised approach to aged care financial planning ensures every decision you make is based on a clear understanding of the costs involved. We help you find strategies to protect your wealth while securing high-quality care for yourself or your loved ones.
The initial advice process will typically involve 2-3 meetings, which can vary depending on the complexity of your situation and the advice required.
Referred to as the ‘Discovery Meeting’, the first meeting is primarily an opportunity for you to get to know your financial adviser and vice-versa.
Your adviser will use this meeting to understand your situation, your goals, and the areas where you feel you need assistance. From the adviser’s perspective, the most important aspect of this meeting is understanding your goals and what is important to you to tailor a solution that matches your situation.
As advisers, we pride ourselves on educating our clients in the relevant areas of financial planning. So, the first meeting will involve a general chat about a few financial concepts to help you understand our approach and what to consider in each area. We apologise in advance for our terrible handwriting on the whiteboard!
Following the first meeting, your adviser will begin researching your situation and analysing potential strategies that may be appropriate. Once this research is complete, we’ll schedule a second and third meeting, if required, to go through our findings and finalise the scope of advice. This step is important as it ensures both parties are aligned regarding the areas of advice and what the final recommendation may involve.
The final meeting in the initial process involves the presentation of the Statement of Advice. This document is essentially the formal recommendation from your adviser. It will include all strategies that your adviser has recommended based on their findings from the previous meetings and their subsequent research and analysis. This document will detail the advantages (and any risks to be aware of) of their advice and will explain why this strategy is in your best interest.
Following the advice being implemented, you are now an Inovayt Wealth client. You will enjoy the benefits of our ongoing services: annual review meetings, ongoing portfolio management, regular market updates and the ability to contact your adviser with queries or assistance at any stage.
We have developed a transparent, logical and realistic fee structure for our clients. The level of fees for your initial financial plan and ongoing services depends on the complexity of the advice provided.
If you go to a fast-food restaurant and only order the burger, you shouldn’t have to pay for the fries and drink. We have the same approach to financial planning fees.
Rest assured, there are no costs involved in our initial meetings and any fees applicable will be discussed and agreed upon well in advance of them becoming payable.
Financial planning with Inovayt is for anyone, no matter their stage of life or bank balance. We are passionate about making high-quality financial advice accessible and affordable for all people, not just a particular segment of the population.
Clients commonly mistake financial planners with stockbrokers or investment advisers. Yes, we can and will provide investment advice when required; however, this is not the primary role of a financial planner.
The role of your adviser is much more strategic. We work with you to comprehensively understand your situation and goals over the short, medium and long term.
From there, we make astute recommendations to put you on the best path towards achieving these goals. The areas of advice could include budgeting, retirement planning, debt management, superannuation, insurance and, yes – investing.
The point is that there is no prerequisite to investing in the share market to engage the services of a financial planner.
Send us an email
info@inovayt.com.au
