Wealth Partners Connect is an innovative, first of its kind offering which allows affordable access to financial advice in Australia.
Wealth Partners Connect, is delivered digitally, providing more affordable access to a financial adviser without the obligation or costs associated with of an ongoing relationship with an adviser. You only pay for the time you meet with an adviser upfront via our PayPal merchant facility. Meetings are booked via our scheduling service so that you can choose a time and date that suits you, immediately upon booking. Meetings for new clients are available in 30, 45 or 60-minute increments and for repeat bookings, a 15-minute time slot can be booked for additional questions. The meeting costs are outlined further down. Wealth Partners connect is designed to provide you with general advice that addresses your specific questions. You should attach relevant information to your booking request to get the most out of your meeting with an adviser.
If the advice provided cannot be delivered within the context of general advice, simple advice can also be provided digitally, however this will take additional time and incur additional costs to meet the requirements of personal advice as set out in legislation. The advice can still be delivered digitally and in person however, more information will be needed, and the advice will need to be documented and supplied within prescribed timeframes and this incurs an additional cost. An adviser will discuss this cost and process and help to ascertain whether traditional personal financial advice is more appropriate for your situation and needs.
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General Advice
During your scheduled meeting, our advisers may provide factual information and general advice in respect to the following core areas:
- Your existing superannuation fund/s
- Accessing Superannuation.
- Ownership Structure of existing Insurance Policies to improve cash flow.
- Understanding the Pension factor reduction measures.
- General advice and information including:
- Understanding how recent volatility has affected your portfolio.
- How your Superannuation is currently invested
Your engagement with Wealth Partners is for the scheduled meeting only. Should you request or require further additional financial advice and services, including personal financial advice that is formulated to address your personal financial needs, objectives and circumstances, a separate engagement and applicable service fees will apply. Please ask us for further information on our services.
‘Simple Advice’
Your engagement with Wealth Partners is for the scheduled meeting only. During your scheduled meeting, if our adviser identifies that advice beyond factual information and general advice is needed to meet your needs, you will be asked if you want to proceed within the context of Simple Advice. The following core areas set out the appropriateness of ‘Simple advice’:
- Specific advice regarding your existing products including investment and superannuation fund/s.
- Advising on how you should invest within your existing products based upon your risk tolerances.
- Understanding your retirement position based upon your existing assets and investment timeframe.
- Optimal salary sacrifices and contribution strategies into your existing products based upon your income and marginal tax rate.
- Determining whether you on track for retirement based on your current situation and income needs.
- Discussing how you can make improvements to your current situation utilising strategies without changing products and having a financial adviser ongoing.
- Discussing your insurance needs and appropriate amounts of cover based upon your situation.
Simple Advice and services meet the definition of personal financial advice which is formulated to address your personal financial needs, objectives and circumstances and applicable service fees will apply to document this advice. An adviser will discuss any applicable costs prior to providing Simple advice and may recommend you instead seek holistic financial planning advice if the advice you are seeking should be provided in a more traditional financial planning context.
Wealth Partners Connect is ideal for
Millennials. Millennials were likely the generation most impacted financially by Covid and having experienced first-hand instability, underemployment and a diminishing bank account was probably the first time many have thought much about their financial future. Many have the first awareness of their superannuation following government stimulus measures and would benefit from understanding how to make more informed decisions.
People about to make a life-changing decision. Even if you think you know the right path, it can pay for a second, professional opinion. If you are considering consolidating your super funds, want to start investing or considering retiring or starting to draw down on your super, Wealth Partners Connect advisers can make sure that you make good, informed decisions.
People who don’t understand their superannuation statements. It’s more common that you think. Intelligent, educated, busy professionals often seek our assistance with translating the contents of their statements and often we find, they do not realise how their funds are invested let alone the fees and returns or how much cover they have within their superannuation. You can avoid long term errors by understanding the status quo and this is where a Wealth Partners Connect meeting can help you to make better decisions.
Those with a small balance. People with small balances rarely seek professional financial advice. Which makes sense in theory because scale is needed to justify the cost of advice. It stands to reason though that if you only have a little, the cost of advice can outweigh any benefits. This is where Wealth Partners Connect can be an ideal solution.
Wealth Partners Connect Advantages
It is cost effective and quick to deliver. The meeting is conducted live on video-conferencing and general advice and time critical simple advice is delivered immediately during the meeting, assisting you to have your questions answered without lengthy and frustrating on-hold waits of contacting your super fund. Plus you can be assured that an experienced Financial Adviser is delivering the advice and that any advice is impartial of product bias.
It enables those without an adviser access to professional advice. Currently and in volatile and challenging times, 2 million Australians are without guidance of a Financial Adviser. The issue and reality of this is that decisions about money can become a stab in the dark. Advice is as much about preventing financial mistakes as it is about wealth creation.
Simple needs require simple solutions. You don’t need to engage in lengthy and possibly unnecessary personal advice for simple questions. Wealth Partners Connect advisers will notify you if the questions you have cannot be addressed as general or simple advice and the options you have for achieving your outcome.
Preventing Financial Mistakes. If you don’t know the rules, it can be easy to break them or cause irreversible mistakes. Some people aren’t eligible for example to put money back into the concessionally-taxed superannuation system once they have taken it out as an example. Talking about your options can prevent errors and may even bring to light things you have not thought of or are not aware of. Knowledge is the best investment you can make.
Impartial Advice. Many people turn to their existing product providers such as their superfund for ad hoc financial advice. What they often get though is severely limited often to the product providers suite of products and there is no ability to know the experience or expertise of the adviser giving the advice. Wealth Partners Connect seeks to provide impartial advice within the context of the engagement and will encourage clients to seek traditional services where it is to their advantage and benefit.
Connect Advice Fee Structure
| Meeting costs | Cost are inclusive of GST and in Australian dollars |
| 15-minute Video conference meetings are available if you have additional queries from a previous booking, we will endeavour to book you with the same adviser (if possible). | $99 – Previous clients only |
| 30-minute Video conference with an adviser | $199 |
| 45-minute Video conference with an adviser | $299 |
| 60-minute Video conference with an adviser | $363 |
Additional Services, if required
An engagement with Wealth Partners is for the scheduled meeting only. Should you request or require further additional financial advice and services, including personal financial advice that is formulated to address your personal financial needs, objectives and circumstances, a separate Client Service Agreement and applicable service fees will apply. Please ask us for further information on our services.
| Hourly charge rates | Cost are inclusive of GST and in Australian dollars |
| Documenting your advice | $363 per hour in 15-minute increments. An estimate will be provided and is based upon complexity. |
| Pre-filling forms on your behalf | $363 per hour |
| Updating data or projections | $363 per hour in 15-minute increments |