What Is the Process When You Seek Personal Financial Advice?

Seeking financial advice can be a complex process and, as a client, you need to be sure that your financial advisor is guiding you towards the best possible outcome.

Regardless, of what process your advisor uses, the important thing is that they have a process that:

  • Helps them learn about your personal situation and your goals
  • Results in a workable strategy to help you achieve those goals
  • Includes regular reviews to ensure that strategy is still relevant

The process that we have adopted at MJV has four major steps designed to help us achieve great results together.

  1. Understanding Your Current Situation and Goals

As with any journey, we can’t help you reach your destination unless we know where you are starting from.

We’ll get to know you and find out things such as:

  • What’s important to you and your family?
  • What are your most urgent needs?
  • What would you like to achieve in the future?
  • What’s your attitude towards investing?
  • Who else do we need to consider in creating your plan?
  • (e.g. spouse, family members, business partners, etc.)
  • What other issues do we need to consider?
  1. Recommended Strategies and Financial Advice

Now that we understand you, your situation and your goals, we can design a personalised strategy.

Your strategy may include elements such as:

  • Wealth creation and investing.
  • Superannuation and retirement planning.
  • Wealth protection.


  1. Implementing Your Financial Plan

This is the step of the process where all the planning we’ve done gets put into action.

We’ll get to work on items including:

  • Setting up new investments or transferring existing ones.
  • Consolidating superannuation accounts.
  • Establishing regular super contributions.
  • Putting in place a wealth protection policy.


  1. Keeping You On Track

Life changes and the things we discussed in the first step won’t always stay the same. It’s important to check in regularly and make sure your strategy is still relevant and manageable.

We can also discuss options for providing regular personalised reports that make it easy for you to keep track of your investments.


What To Do Next?

If you are considering talking to a financial advisor, naturally we’d love it if you contacted us at MJV Financial. However, regardless of who you talk to, the important thing is that they can show you that they have an easy-to-understand process that will get you where you want to go.

Please feel welcome to download our Four Step Process as a handy reference.