Prime Financial Group Limited · ASX:PFG
Prime Financial — Investor Presentation (February 2013)
13 slides from Prime Financial's investor presentation, February 2013
Slide 1: Financial & Retirement Planning: The Benefits of Financial Planning
Financial & Retirement Planning The Benefits of Financial Planning Australian Financial Services Licence No. 239180
Slide 2: Agenda
Financial & Retirement Planning Agenda 1. What is Financial Planning? 2. Client Types 3. Full Financial Plan Process 4. Data Collection Process 5. Pre-Requisite Skill / Knowledge Required 6. Liabilities & Expenses 7. The Plan (8 Steps) 8. Questions?
Slide 3: What is Financial Planning?
Financial & Retirement Planning What is Financial Planning? Financial planning is the process for identifying, planning for, and meeting clients lifestyle goals that are related to financial needs. It involves a strategy that may include: mortgage, superannuation, investment and tax planning, insura
Slide 4: Clients need to think about...
Financial & Retirement Planning Clients need to think about... • Their family's current financial goals • Review their debt position annually • Determine retirement income needs • Verify insurance coverage is appropriate for now & in the future • Monitor and rebalance portfolio periodically • Update
Slide 5: Client Types
Financial & Retirement Planning Client Types Financial Planning requirements will differ depending on the clients situation: • Accumulation (20-45 year old) • Pre-retirement (46-55) • Transition to Retirement (50-55) • Retirement (55+)
Slide 6: Full Financial Plan Process
Financial & Retirement Planning Full Financial Plan Process • Data collection 1-2 hours • Plan preparation 5 hours • Plan & Investment presentation 3 hours • Plan follow-up 1 hour • Implementation of portfolio 1 hour – Account opening forms 0.5 hours – Deed instruction 0.5 hours – Investment placeme
Slide 7: Data Collection Process: The Benefits
Financial & Retirement Planning Data Collection Process 1. The ‘client discovery’ process – Fact Find Helps establish strategies tailored to achieving the clients financial goals and objectives 2. Important we understand as much as possible about the client’s personal & business circumstances (and a
Slide 8: Data Collection Process: Delivery of Advice
Financial & Retirement Planning Data Collection Process The Process: • Present Financial Services Guide (FSG) • Assets & Liabilities/Annual Income - Expenditure • Notes • Scope of Advice • Cash Position • Prepare the Statement of Advice (SOA) Delivery of Advice • Via the Statement of Advice (SOA)
Slide 9: Structures for consideration
Financial & Retirement Planning Financial Structures for consideration 1. Personal Assets 2. Private Companies 3. Family Trusts 4. Partnership 5. Interest in Deceased Estate 6. Superannuation / Self-Managed Super
Slide 10: Liabilities & Expenses
Financial & Retirement Planning Liabilities & Expenses Liabilities • Secured debts • Unsecured debts Capital Expenses • Vacation • Renovations / repairs • New car • Family gifts / weddings Living Expenses • After tax needs • Budget review if needed
Slide 11: The Plan (8 steps)
Financial & Retirement Planning The Plan (8 steps) 1. Opening 2. Schedule of Asset / Liabilities & Income / Expenditure position 3. Scope of advice 4. Present scenarios then our recommendations 5. Advantages / disadvantages 6. Recommended investment portfolio / risks 7. Fees, costs & charges 8. What
Slide 12: Summary
Financial & Retirement Planning Summary Financial planning is not a one off event. It is a step by step plan that is reliant on the completion of the previous event before the next piece of advice can be implemented. Through Financial Planning, we have helped hundreds of clients to clarify, organise
Slide 13: Questions? Client Services
Financial & Retirement Planning Questions? Client Services T: 1800 064 959 E: [email protected] Our Advisory Services:
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