Meeting with a financial adviser for the first time

Getting the best wealth-creation results starts with the very first meeting with a financial adviser, so be prepared and make sure you clearly communicate your financial goals.

Deciding to engage with a financial adviser is an important – and sometimes daunting – step towards obtaining financial security.

To make the most out of your first meeting, here are some things to factor in when preparing to meet with a financial adviser for the first time:

Set clear and realistic objectives

In the leadup to the meeting, spend some time thinking about your financial goals – for the next twelve months and then for the next five to ten years – and how the adviser may be able to assist you. This will help you clearly communicate your, goals, needs and expectations.
What to bring to a financial planner

Financial advisers are required to make suitable and adequate inquiries into your current financial situation, including your assets and liabilities, income and expenses. So, bring bank and investment statements, tax returns, insurance policies, superannuation fund details and any retirement account information. Also have a clear idea of your weekly budget for essentials, regular bills and discretionary spending habits. All of these documents and information will assist the financial advice process and help the adviser make appropriate recommendations for your financial future. See our Privacy Policy for more information about our use of data.
Understand your risk tolerance

Are you a conservative investor who wants safe financial returns, or are you prepared to take some risks with more volatile investments for a potentially higher payoff? Your risk profile is a crucial component of your investment strategy, and all financial advisers should ask you about this in the initial stage of a relationship.
Ask your own questions

Just as the financial adviser wants to know about you and your financial goals, it is important for you to get a sense of your adviser’s experience and approach. Politely ask them about their qualifications, advice history, fees and preferred investment approach. Find out how your financial adviser will work with you.
Keep clear notes

Mercer Financial Advice maintains records of conversations and any advice given so our team can deliver seamless service. However, if you wish you can take notes during the meeting to help you remember important elements of the discussion and any follow-up action. This is the start of a new financial journey, so be organised and diligent.

Of course, the first meeting with a financial adviser is just the beginning of what is hopefully a long-term relationship. Being proactive, communicative, and honest will help establish a framework for positive outcomes – for both parties.

Meeting with a financial adviser for the first time

Getting the best wealth-creation results starts with the very first meeting with a financial adviser, so be prepared and make sure you clearly communicate your financial goals.

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