The 7 Step Process

Bluefin use a 7 Step Process when providing financial advice.

Step 1 - An initial consultation that allows you and the financial planner to find out about each other. This initial consultation is at our expense.

Step 2 - The financial planner will collect all the information they need from you (sometimes called fact finding).

Step 3 - They will help YOU identify your goals and current financial position. This is normally done at the same time as the fact find.

Step 4 - They will consider the seven building blocks or strategies (eg budgeting, investing, managing debt, managing tax, super, protection, social security), then develop and present you with written recommendations in a financial plan (called a Statement of Advice).

Step 5 - They will discuss the recommendations with you and make sure you are comfortable and agree with them.

Step 6 -They will implement the agreed recommendations.

Step 7 - They will periodically help you review your objectives, financial situation and needs.

It is important to remember that you are in control and can decide whether to stop, change or continue at any stage of the process.

The law requires that any personal advice you receive from a financial planner must be appropriate to your circumstances. While you have the right not to tell your financial planner personal information, if you don’t, the advice you receive may not be appropriate to your needs and your financial situation.