What is financial planning?

Financial planning is a comprehensive evaluation of your current and future financial state by using known variables to predict future income, asset values and withdrawal plans. It’s an ongoing relationship with a financial adviser who will develop strategies to help you manage your financial affairs and meet your life goals.

Financial planning is more than just ‘making money’. It’s a holistic approach that takes into account your individual situation and includes strategies and solutions, such as:

  • Risk and life insurances
  • Superannuation
  • Budgeting
  • Mortgage elimination 
  • Wealth creation
  • Retirement
  • Assets and loved ones
  • Life stage

Regardless of your age, life stage or wage, financial planning will help you to understand the intricacies of investment, taxation and ever-changing rules and regulations. Financial advice can help people at all levels of financial health by providing strategies for improving and growing your wealth. It can assist you with making plans for things as simple as a holiday, to something as complex as buying property or retiring comfortably.

FPA research has found that Australians who consult a financial planner feel happier, more positive about their financial wellbeing, and more optimistic about the future than those who don’t. That’s because a financial planner will help you stay on track of both your short-term goals and long-term goals. The sooner you start planning, the sooner you can build the life you want, and live with better peace of mind.

Financial planning is a specialist profession, and you should make sure that you’re getting advice from a professional financial planner who is properly licensed and qualified. They should have the technical expertise to develop the right strategies for you, and know the latest legislative changes to ensure you are financially informed and confident about your future.

Prime Financial’s highly skilled team can offer unrivalled insight into integrated accounting, wealth management, capital advisory and more and our vision is to give you a complete and holistic financial planning experience.

What our clients say

“Prime provides us a highly personalised service covering our financial needs. Our strategic advice has been proactively provided whilst ensuring our investments are professionally managed without requiring our daily input. We feel comfortable knowing Prime is looking after our investments.”

Ian, VIC

“In working with Prime, I have been connected with a trusted ‘go to’ source of knowledge, mentorship, tools, services, contacts and – most importantly – a friend on the ground for anything related to financial decisions when feeling a little overwhelmed.”

Amy, QLD

“I am very pleased with Prime. I have called my adviser when I have questions and have always received prompt replies and all of the support I needed.”

Bob & Denise, NSW

“We are busy running our business, which takes up most of our time! To have someone we know and trust in charge of our money is so comforting. I enjoy the quick and clear communications I have with my adviser and I trust his suggestions for our investments.”

Jack and Pauline, VIC

“We have worked with Prime for fifteen years as our financial adviser. Prime has always guided us through with professional advice on our financial decisions, whether it be in the local office or over the phone. We have found our adviser, Garry, has gone above and beyond the call of duty with regards to our retirement and financial matters in a friendly and caring way.”

Karen & Russell, QLD

“I find Michelle service to me is of high value. She is knowledgeable and transfers the information to me clearly. Thank you Prime.”

Kathryn, WA

“We have always felt that our advisor listened carefully to what we expected and responded appropriately. Livio is always interested in us as a couple and our lifestyle- we have never felt like we were bulk handled.”

Ian & Cherie, VIC

“I have been a client of Prime for just over 3 years and I am confident that the advice and service I have received during that time has been in my best interests.”

Lannette, QLD

“I have been using Prime for many years and one of the things I appreciate most is that their advice is only a phone call away and I always feel as a customer that Prime have my best interest at heart. It is a very personal service executed by very personable and helpful individuals. My advisor feels like family I am very satisfied.”

Christopher, ACT

A unique and personal service approach to support all your business advisory and personal wealth management needs.

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