How Much Money Do You Need Before Seeing a Financial Planner?

One of the most common myths in the world of personal finance is that you need to be “wealthy” before seeking financial advice.

It’s true that some private wealth advisers only work with high-net-worth individuals, and perpetuate these myths with slogans like ' we only work with individuals with at least $1,000,000 of funds under management'. But that’s not our model. We don't charge percentage based fees, only flat monthly fees. Therefore, we see the value of advice in the strategies we use to help you reach your goals, rather than caring about your initial portfolio balance.

We believe financial planning isn’t just for the rich. Instead, we believe anyone can benefit from financial advice providing they have the capacity to generate a sufficient monthly surplus cashflow. When you have the ability to save money each month, you can benefit from a wide range of Financial Planning strategies including:

• Paying down debt quicker and reducing your total interest repayments.

• Contributing into superannuation and minimising tax.

• Building compounding returns by dollar cost averaging into managed fund portfolios.

• Building wealth in tax effective structures like family trusts and investment bonds.
  

There’s now strong data that shows financial advice delivers real value – both financially and emotionally.

According to a 2023 report from Russell Investments, clients who receive professional financial advice are, on average, 4.7% better off per year than those who go it alone. That uplift comes from:

• Smart asset allocation

• Tax-efficient strategies

• Behavioural coaching (avoiding emotional decisions)

• Regular rebalancing and review

• Goal setting and planning
  

Over time, that extra 4.7% can have a huge compounding impact on your long-term financial position.

Another study by the Financial Services Council (FSC) and Deloitte Access Economics found that Australians who receive financial advice feel more financially secure, more confident about their future, and are better prepared for retirement.

So, while the return on financial advice is often measured in dollars, we prefer to measure it in the amount of goals we help you achieve.

If you have a solid household income (typically >$250,000 per annum), we could be a good a fit.

Book Free Chat