Our Process

Over all

Under Australian law, our financial recommendations are meticulously documented in a Statement of Advice (SoA). This legal document is essential when financial planners propose financial products, ensuring a comprehensive understanding of your unique circumstances, goals, risk tolerance, and other relevant information.

What is a Statement of Advice (SoA)?

The SoA provides a detailed explanation of our recommendations and why they are tailored to suit your needs. It includes a thorough forecast and model projecting your financial future based on our advice. This process not only reassures us that our recommendations are appropriate but also offers you a clear vision of the potential outcomes.

Stage 1: Financial Road Map

Objective: Understand your financial aspirations and outline the steps to achieve them.
Process: We embark on a comprehensive fact-finding mission to gather all the information needed to analyze your situation and start formulating tailored recommendations.

Stage 2: Data Collection and Strategy Development

This is where the planning truly begins. After understanding your situation, we ensure you're comfortable discussing financial matters.
Our advisors focus on listening to you, considering all important factors beyond just finances.
Here, we start breaking down strategies and options that align with your overall financial plan to achieve your goals.
This phase varies for everyone, and we tailor it to cover all relevant factors. You'll experience our deep and innovative approach to financial planning, leaving with greater knowledge on how to proceed.

Stage 3: Draft Strategy Meeting

Objective: The goal is to review the outcome of our research and key strategies that align with your financial objectives you discussed with us, without going too deep into the details yet. We’ll look at options for tax savings, growing wealth, or anything else you discussed and clarify the main pros and cons of each. This will help you get a sense of which strategies might work best for your goals.
Process: We’ll go over each option to see how it fits with your priorities, looking at both the benefits and any trade-offs involved. This will give you a clear starting point to decide which direction feels right. Then, we’ll build a detailed, personalized plan based on the strategies that best support your financial path.

Stage 4: Presentation and Review

Objective: Present and explain our strategic recommendations.
Process: In a final meeting, we provide a detailed SoA (typically 60-90 pages), outlining strategies designed to meet your specific circumstances and goals.

Your Choice

After reviewing the advice, you can choose to:

Accept the advice and proceed with implementation.
Modify the advice before implementation.
Decline the advice.

Stage 5: Better Financial Choice

Objective: Full steam ahead for better financial choices
Process: When you're ready to invest in our plan, we'll begin the initial implementation phase, which may take some time to start. Necessary paperwork ensures everything is legally sound and properly verified. Typically, it takes 1 to 2 months for your financial plan to be fully operational

By investing with My Wealth Choice, you can trust that all risk mitigation measures are in place. As your portfolio grows, we'll stay in touch with updates, adjustments, and new opportunities that suit your financial goals.

Our Commitment

We adhere to stringent legal, professional, and ethical standards, ensuring that our recommendations are always in your best interest.

At My Wealth Choice, we are dedicated to helping you achieve your financial goals. To get started, we invite you to a complimentary 30-minute Financial Health Check-Up. This no-obligation session includes:

Personalized Financial Analysis: Understand your current financial standing with a tailored review.
Expert Guidance: Discover if our expertise aligns with your financial aspirations.
Future Planning: Assess whether professional financial advice can enhance your financial strategy.

We believe in the value we bring, which is why we absorb the cost of this session—making it entirely free for you.

Why Choose Us?

By choosing our financial planning services, you are opting for expert guidance tailored to your financial journey. We ensure transparency, professionalism, and a personalized approach, giving you the confidence to make informed financial decisions. You will also have clarity on progress every step on the way from our first meeting until your plan is complete.