Welcome back!
Scene One – Providing Entity
Hi David and Sue! Jo here from Insurance Advisory Service, presenting to you your personalised video Statement of Advice today. My authorising licensee and contact details are on the screen now, should you wish to reach out to me at any time. Okay, let’s get right into it.
Same as Jo’s Scene 1
Download Links
Providing Entity
Hi David and Sue! Jo here from Insurance Advisory Service, presenting to you your personalised video Statement of Advice today. My authorising licensee and contact details are on the screen now, should you wish to reach out to me at any time. Okay, let’s get right into it.
Same as Jo’s Scene 1
The Client
You are in your early 60s and are looking to make some good financial decisions prior to your retirement. You have come to me seeking advice to review your superannuation and investment assets as well as government benefits eligibility, with a view for long term financial security and confidence in retirement. Your current personal and financial circumstances are outlined in the attached Fact Find. Please ensure you let me know if any of this information is not accurate.
In middle top row position, show two 60yo married couple (see description below). Then along the bottom row show two buildings, one labelled “Superannuation” and one labelled “Investments” and Centrelink logo. Then show magnifying glass on super building first, then investment building then show question mark over the Centrelink logo, same size and location as the magnifying glass on other logos. Then show image of document with paperclip labelled “Attached Fact Find” and show green tick over that.
Client description
David:
• Age: Early–mid 60s
• Build: Average build, slightly stocky
• Hair: Very short, buzzed haircut; mostly grey with a hint of darker hair remaining
• Face Shape: Broad face with a strong jawline
• Facial Features:
• Thick eyebrows
• Slightly droopy eyelids
• Pronounced smile lines and forehead wrinkles (friendly, lived-in face)
Sue:
• Age: Early 60s
• Build: Slim to average build, upright posture
• Hair: Long black grey hair, neatly pulled back into a low bun at the nape of the neck, front fringe.
• Face Shape: Soft oval face
• Facial Features:
• Gentle, expressive eyes
• Fine lines around the eyes and mouth that add warmth rather than age
• Thin eyebrows and a slightly pointed chin
Scope And Goals
We therefore agreed that this advice will cover superannuation investments, personally held investments, pension and retirement planning. As discussed with you, the following are your goals as we understand them. Once again, if any of these goals are not accurately captured, please ensure you inform us.
Scope:
1. Super (investment)
2. Personally held investments
3. Pension
4. Retirement planning
Goals:
1. Generate $72k pa in retirement across multiple income streams
2. Reduce longevity risk by securing guaranteed lifetime income
3. Adopt investment strategy aligned with ‘growth’ risk profile
4. Remain eligible for part Age Pension
5. Consider downsizing the home and making a downsizer super contribution, preferably before David turns 87
The Advice
My first advice is to use all of Sue’s super and $5,000 of David’s super to purchase a $100,000 lifetime annuity. This product will provide guaranteed income for life, indexed to inflation. It’s purpose is to provide a defensive anchor in the portfolio to offset the volatility of a high growth pension.
My second advice is to convert David’s super to pension phase and the funds invested in the high growth investment option.
Fees And Costs
Okay, with all the advice covered, let’s discuss fees.
The first category of fees is my upfront advice fee amounting to five thousand seven hundred and fifty dollars plus GST. This covers the research, formulation and implementation of this advice. The second category of fees is my ongoing advice fee, amounting to two thousand nine hundred dollars per annum plus GST. This fee allows us to act as your guide and provide you the following services, to act as your guru and provide you the following services, and to act as your gladiator and provide you the following services.
First category fee visuals same as all scenes. Second category visuals use same visual as previous Jo video
Disclosures
Right, we have now covered the advice in full, so let’s go through the next steps. There are some important disclosures that you need to read and be familiar with. These are attached to my email. This advice purely considers your interests only and is in your best interests. If you wish to proceed with the advice, please sign the attached authority to proceed and return it to me. Otherwise, if you have any questions, please let me know. Thank you!
Same as previous Jo video