Veritas Wealth Solutions aim is to become your long term trusted adviser, providing ongoing advice and services, regardless of your stage of life. In order to provide those services we engage with new clients through a comprehensive process to get to know you and your goals and needs. This process is important as it ensures we are learning all we need to know in order to achieve the best outcomes for our clients. For all our clients the process is as follows:
Step 1: Initial Discovery Meeting
This initial meeting is where we learn about your preferences, needs, ideas and challenges, and discuss your goals and objectives, as well as a realistic pathway and time-frame for reaching them.
Before this meeting, we will send you an email that contains documents for you to complete and return to us, including a Fact Find.
The purpose of these documents is to obtain essential information about you and to ensure that all relevant issues are covered in our initial discussions.
Step 2: Strategy Development
Once we get a sense of your priorities and the scope of our advice we will customise a financial plan and develop strategies to meet your lifestyle goals and objectives within a realistic time-frame.
Step 3: Financial Plan Preparation
Once we have developed your customised financial plan, we will put this in writing so that you know exactly what we have recommended, how your money will be invested, all costs, and the ongoing service you can expect from us. This written financial plan is called a Statement of Advice (SoA), and is a road map to your financial goals.
Step 4: Financial Plan Presentation
Once your Statement of Advice has been completed, we will arrange a meeting to take you through our recommendations. Our aim is to explain what can be complex concepts, so that you can fully understand how we manage your strategies and your money.
We will step through the list of recommendations in your SoA, and explain our reasons for making each one and the impact it will have on your financial situation.
Step 5: Implementation and Recommendation
If you are happy with our recommendations and are ready to implement them, our team of experts will complete the rest of the process for you.
We can establish new investment accounts, manage superannuation rollovers and account consolidation, establish self-managed super funds, organise cash transfers, establish income streams, make off-market share transfers and insurance applications, and liaise with your solicitor or accountant, to name just a few of the tasks we undertake.
Depending on the complexity of your situation, implementation can take from a few weeks to several months. We will keep you up to date throughout.
Step 6: Ongoing Review and Portfolio Management
Life is constantly changing, and so are the laws and regulations that may affect your financial situation. Once our recommendations have been implemented, we will to monitor your finances so that they stay on track, and will continue to help you work towards your financial goals.
Typically, we will need to meet with you at least once a year, or at an interval convenient to you.
Your investments will be managed by a professional investment specialist. We will also keep you informed of new strategies and opportunities, industry developments, legislative changes and economic news through our regular newsletters. Our unique and specialised service provides you with peace of mind on your investment portfolios, superannuation and tax matters. Our service is based on a long-term relationship so that we can add genuine value to your changing situation, whatever the circumstances.