Frequently Asked Questions

Clients hire Financial Planners to act as their fiduciary for managing their financial affairs. The process involves Adviser's meeting with clients to understand their goals and objectives and then tailoring a financial plan and strategy to achieve these goals and objectives.

Many of our services can provide tangible benefits such as tax savings, super & investment fee savings, insurance premium savings and investment performance. However, just as important are the intangible benefits of advice:Helping you define clear and considered goalsBuilding a tailored plan for achieving your goalsHaving a professional keep you on track for meeting your goalsProviding clarity and keeping you on track for the future with our detailed modelling and projectionsRemoving the time and stress from managing your personal financesHelping you avoid financial mistakes

No. Source Wealth is licensed through Lifespan Financial Planning and has no affiliations with any specific product providers.

Not really, however you typically need either a healthy monthly surplus cashflow beyond your living expenses or a healthy portion of investable assets (including your super). We have created a blog to explain.

We have listed some of the common milestones that trigger people to reach out to a Financial Planner.

We typically work with pre-retirees/retirees, high income/asset clients and business owners.We work best with clients who: Have sufficient financial means to benefit from financial advice.Are ambitious and want help improving their financial security and/or financial freedom.Are responsive and value an ongoing holistic advice relationship.Want our help to take the time and stress away from managing their own finances. ​​We also work with clients who need situational Financial Advice, such as for dealing with an inheritance, separation/divorce, personal injury/illness and much more. ​If you would like to know if you could be a good fit for Financial Advice you can complete our Advice Need Assessment Tool or book an obligation free initial call.

Another one of our most popular blog posts helps explain why offset accounts are typically the best option!

The answer is different for everyone because, everyone has different goals and objectives and financial circumstances. However, our blog post compares three common strategies:​Paying off your home loanRent-vestingA combination of strategies

Make sure you are receiving an annual super statement by having the right contact details!Check your employer is putting in your super contributions.Compare the long term investment rates of return of your super fund against a relevant benchmark.Make sure you have the right amount of Life Insurance, TPD Insurance and Income Protection.You should make a beneficiary nomination.Learn more here.

The decision requires you to think of a number of factors:​Which account provides the best after-tax benefit andYour goals - when you are likely to use these funds, how much you are likely to use and for what purpose.​Learn more here.

The amount of default insurance you receive within superannuation is almost never enough! Fortunately, we help fully explain Life Insurances in Australia: The Who, What, Where, Why & How!