Our Reference Section is Here to Help with Your Financial Planning Needs

In your first consultation, a financial adviser is assessing more than just your super balance. They are evaluating your financial position, goals, risk capacity, and whether personal advice is appropriate. Here’s what Australian advisers look for behind the scenes.

Financial adviser fees in Australia typically range from $2,000 to $20,000 per year, with many Australians paying $3,000–$4,000 for an initial financial plan. This guide explains upfront and ongoing advice fees, product costs, commission caps, and how to assess whether the fees you’re quoted represent fair value.

Switching financial advisers is allowed in Australia, but the process involves more than simply appointing someone new. You may need to end an ongoing fee arrangement, sign a letter of authority, and review how your super, investments and insurance are structured before making the transition.

To compare two financial advisers in Australia, confirm their ASIC registration, review qualifications and experience, compare services and fees, and assess how clearly they explain their advice process. Looking at these factors together helps you focus on substance rather than first impressions. This guide outlines what to check before making a decision.

Comprehensive financial planning in Australia usually takes four to eight weeks from your first meeting to receiving a Statement of Advice. The timeline depends on document gathering, strategy development, compliance requirements, and whether you need scaled or full personal advice.

Preparing for your first financial adviser meeting? Bringing documents that provide clear details about your income, superannuation, debts and goals helps ensure any personal advice is accurate, compliant and tailored to your situation.