You’ve decided to start working with a financial adviser, congratulations! You have officially completed the first step towards your ideal financial future and are more prepared than 35% of Australians who say they are “completely unprepared” for their retirement.

So what do you do now?

Before your first meeting with a financial adviser

It is important that you come to your first meeting prepared. This means taking a full assessment of your financial situation so your financial adviser knows what they are working with. You could list:

  • Your income
  • Typical expenses
  • Your assets – such as your home, savings, super, shares and other investments
  • What you owe – including mortgages, loans and credit card balances.
  • What insurance policies you have taken out

At your first meeting with a financial adviser

The first meeting you have with your financial adviser is an opportunity for them to get to know you and your goals. They need as much detailed information about you as possible so they can build the most accurate picture of you and your financial situation.

It is extremely important that you give your adviser the most accurate information possible. If you are not completely honest, or leave crucial information out, you could end up with a financial plan that is more damaging than it is helpful.

You also need to be clear about which goals you are trying to achieve. Some of the goals your financial adviser can help you with include:

  • Building wealth for retirement
  • Advice about future investments
  • Strategies to pay off your mortgage sooner
  • A plan that encompasses all areas of your finance

This is extremely important as it allows our advisers to determine what the fee for service will be.

You should also talk with your financial adviser about what level of risk you are willing to take with your investments. If you are looking at a long term plan, your risk tolerance can be as fluid as your plan should be. We understand that different circumstances in your life mean that the decisions you make will be affected – just make sure you keep your adviser updated.

During your initial meeting with your financial adviser, you should also bring along your spouse, particularly if you are planning your retirement. This ensures that you are both on the same page in terms of what your retirement will look like. You can read more about why it is so important to include your spouse in your financial plans on one of our previous blog posts.


If you have any concerns about your financial planning process at any stage, make sure you voice your concerns as soon as possible. Financial plans are suppos
ed to be unique for each individual and we pride ourselves on giving our clients top quality advice at all times. Get in contact with one of our financial planners today!

What to do before your first meeting with a financial adviser