What We Are Paid

Client-centered, fee-only planners, like Golden Age Advisory, are compensated for their knowledge and services, much like a solicitor or a physician.
We do not receive commissions from the sale of products such as insurance or investments. Both our financial planning and investment management services are offered on a fee basis, unlike commission-based advisors who receive compensation through transactions.
Our fee model allows you to choose the amount of service and financial advice you require. In essence, it is a user pay approach — we do not assume that the more money you have, the more financial advice you need.

How We Are Paid

We feel that it is critical for our clients to understand what they are paying for and how they are paying for it. Our goal is to be as transparent as possible when discussing compensation for our advice, so that we can freely research, recommend and implement strategies without partiality or restrictions.

 

Your fees will be based on your decision for us to proceed with the following:

  1. Creating your financial plan
  2. Implementing your plan
  3. Providing you with ongoing service
  • Implementing
  • Creatiiing
  • Ongoing

At each stage of the process, all fees will be clearly outlined and agreed with you before we proceed.

    The fee charged depends on:

  • The investment needed to complete the service,
  • The degree of complexity and level of expertise required to complete the services,
  • Any risks associated with providing the service.

We split our investment advice and associated portfolio management from financial advice. This allows us to target fees according to your particular and unique needs: investment and/or financial advice.

Initial Contact and Telephone Discussion

Introduction & Discovery

Includes up to 30 minutes of discussion and a review of the current situation. Answer client questions, Initial Fact Finding.
(No advice given)
No Charge



Initial Meeting

Face to Face meeting - Client Home or our Offices. Skype meetings also available.

Face to Face or Skype meeting. Meet and Greet, Answer client questions, Initial Fact Finding, Review of current situation, identify any Issues for attention, Understand the client’s Personal Health, Capacity and Family Circumstances, Review Estate planning, Comprehensive Information Session, Identify and Agree on Scope of Advice and beginning Strategies, Provide information on Financial Planning Services fees and charges. Typically; 90 Minutes.
(No Advice Given)
Initial Meeting 1½ Hour - $440 + GST Additional Hour - $250 + GST



Strategy Paper

Discussion Paper

Face to Face or Skype meeting. Meet and Greet, Review of current situation, identify any Issues for attention, Understand the client’s Personal Health, Capacity and Family Circumstances, Review Estate planning, Comprehensive Information Session, Identify and Agree on Scope of Advice and beginning Strategies, Provide information on Financial Planning Services fees and charges. Identify Family agenda, Identify Client Goals and Objectives, Topics discussed include; Budgeting and cash flow strategies, Home Care Packages and In-home care options, Lifestyle options, Retirement Village advice, Consideration of legal documents, Estate planning circumstances and Strategy Opportunity, Centrelink and Department of Veteran Affairs, Assistance with understanding cost of entry to a Residential Aged Care Facility, Explain Residential Accommodation Deposits (RAD/Bonds,) and Daily Accommodation Payments (DAP), Provide information on aged care fees and charges, Assistance to understand and complete the Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services and the Admission forms for the Aged Care Facility.
$880 + GST



Basics Package

Simple Strategy and Advice, Documentation.

Face to Face or Skype meeting. Meet and Greet, Review of current situation, identify any Issues for attention, Understand the client’s Personal Health, Capacity and Family Circumstances, Review Estate planning, Comprehensive Information Session, Identify and Agree on Scope of Advice and beginning Strategies, Provide information on Financial Planning Services fees and charges. Identify Family agenda, Identify Client Goals and Objectives, Topics discussed include; Budgeting and cash flow strategies, Home Care Packages and In-home care options, Lifestyle options, Retirement Village advice, Consideration of legal documents, Estate planning circumstances and Strategy Opportunity, Centrelink and Department of Veteran Affairs, Assistance with understanding cost of entry to a Residential Aged Care Facility, Explain Residential Accommodation Deposits (RAD/Bonds,) and Daily Accommodation Payments (DAP), Provide information on aged care fees and charges, Assistance to understand and complete the Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services and the Admission forms for the Aged Care Facility. Complete a comprehensive Fact Find, Budgeting Strategies and recommendations, Cash Flow illustrations, Residential Aged care strategic advice, Financial Product recommendation, Investment advice and portfolio construction, Identify and document a simple set of appropriate Strategies; Alternatives and Recommendations with a Statement of Advice (SoA). Assistance with admission to a Residential Aged Care Facility, Assistance with the Admission forms for the Aged Care Facility and any Financial Product applications.
$2,250 + GST



Silver Package

Complex Strategy, Comprehensive Advice, Documentation and Implementation.

Face to Face or Skype meeting. Meet and Greet, Review of current situation, identify any Issues for attention, Understand the client’s Personal Health, Capacity and Family Circumstances, Review Estate planning, Comprehensive Information Session, Identify and Agree on Scope of Advice and beginning Strategies, Provide information on Financial Planning Services fees and charges. Identify Family agenda, Identify Client Goals and Objectives, Topics discussed include; Budgeting and cash flow strategies, Home Care Packages and In-home care options, Lifestyle options, Retirement Village advice, Consideration of legal documents, Estate planning circumstances and Strategy Opportunity, Centrelink and Department of Veteran Affairs, Assistance with understanding cost of entry to a Residential Aged Care Facility, Explain Residential Accommodation Deposits (RAD/Bonds,) and Daily Accommodation Payments (DAP), Provide information on aged care fees and charges, Assistance to understand and complete the Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services and the Admission forms for the Aged Care Facility. Complete a comprehensive Fact Find, Budgeting Strategies and recommendations, Cash Flow illustrations, Residential Aged care strategic advice, Financial Product recommendation, Investment advice and portfolio construction, Assistance with admission to a Residential Aged Care Facility, Assistance with the Admission forms for the Aged Care Facility and any Financial Product applications. Retirement adequacy 'Gap' analysis and Strategy, Age Pension Application/Update and/and Assistance with Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services, Investment advice and portfolio construction, Completion of any Financial product applications, Identify and document a comprehensive set of complex recommendations and alternatives with a Statement of Advice (SoA), Implement any Financial Product recommendations, Post implementation review, Portfolio review schedule and ongoing management determined and agreed, follow up meeting(s), ongoing availability for up to three months from engagement.
$2,850 + GST



Gold Package

Complex Comprehensive Advice, Negotiation, Documentation and Implementation. Facilitate ACAT, Centrelink, Nursing Home.

Face to Face or Skype meeting. Meet and Greet, Review of current situation, identify multiple Issues for attention, Understand the client’s Personal Health, Capacity and Family Circumstances, Review Estate planning, Comprehensive Information Session, Identify and Agree on Scope of Advice and beginning Strategies, Provide information on Financial Planning Services fees and charges. Identify Family agenda, Identify Client Goals and Objectives, Topics discussed include; Budgeting and cash flow strategies, Home Care Packages and In-home care options, Lifestyle options, Retirement Village advice, Consideration of legal documents, Estate planning circumstances and Strategy Opportunity, Centrelink and Department of Veteran Affairs, Assistance with understanding cost of entry to a Residential Aged Care Facility, Explain Residential Accommodation Deposits (RAD/Bonds,) and Daily Accommodation Payments (DAP), Provide information on aged care fees and charges, Assistance to understand and complete the Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services and the Admission forms for the Aged Care Facility. Complete a comprehensive Fact Find, Budgeting Strategies and recommendations, Cash Flow illustrations, Residential Aged care strategic advice, Financial Product recommendation, Investment advice and portfolio construction, Assistance with admission to a Residential Aged Care Facility, Assistance with the Admission forms for the Aged Care Facility and any Financial Product applications. Retirement adequacy 'Gap' analysis and Strategy, Age Pension Application/Update and/and Assistance with Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services, Investment advice and portfolio construction, Completion of any Financial product applications, Identify and document a comprehensive set of multiple appropriate complex Strategies and recommendations and alternatives with a Statement of Advice (SoA), Facilitate ACAT Assessment, Engage on clients’ and Family’s behalf with Centrelink and Nursing Home, Negotiation of RAD and DAP, Implement any Financial Product recommendations, Post implementation review, Portfolio review schedule and ongoing management determined and agreed, multiple follow up meeting(s), ongoing availability for up to three months from engagement.
$3,750 + GST



Platinum Package

Complex Comprehensive Advice, Negotiation, Documentation, Implementation, Facilitate ACAT, Centrelink and Nursing Home. Assist with Relocation, Removalist, Pet Accommodation and Extra Services.

Face to Face or Skype meeting. Meet and Greet, Review of current situation, identify multiple Issues for attention, Understand the client’s Personal Health, Capacity and Family Circumstances, Review Estate planning, Comprehensive Information Session, Identify and Agree on Scope of Advice and beginning Strategies, Provide information on Financial Planning Services fees and charges. Identify Family agenda, Identify Client Goals and Objectives, Topics discussed include; Budgeting and cash flow strategies, Home Care Packages and In-home care options, Lifestyle options, Retirement Village advice, Consideration of legal documents, Estate planning circumstances and Strategy Opportunity, Centrelink and Department of Veteran Affairs, Assistance with understanding cost of entry to a Residential Aged Care Facility, Explain Residential Accommodation Deposits (RAD/Bonds,) and Daily Accommodation Payments (DAP), Provide information on aged care fees and charges, Assistance to understand and complete the Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services and the Admission forms for the Aged Care Facility. Complete a comprehensive Fact Find, Budgeting Strategies and recommendations, Cash Flow illustrations, Residential Aged care strategic advice, Financial Product recommendation, Investment advice and portfolio construction, Assistance with admission to a Residential Aged Care Facility, Assistance with the Admission forms for the Aged Care Facility and any Financial Product applications. Retirement adequacy 'Gap' analysis and Strategy, Age Pension Application/Update and/and Assistance with Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services, Investment advice and portfolio construction, Completion of any Financial product applications, Identify and document a comprehensive set of multiple appropriate complex Strategies and recommendations and alternatives with a Statement of Advice (SoA), Facilitate ACAT Assessment, Engage on clients’ and Family’s behalf with Centrelink and Nursing Home, Negotiation of RAD and DAP, Implement any Financial Product recommendations, Post implementation review, Portfolio review schedule and ongoing management determined and agreed, Assistance with sourcing a Residential Aged Care facility, Arrange removalists, storage etc, Rehousing of pets via Angel Paws Inc, Nursing assistance with move, Assistance to review and complete all documentation including Combined Assets & Income Test forms from (Centrelink) Dept. of Human Services and the Admission forms for the Aged Care Facility. Assistance with entry to a Residential Aged Care Facility, Multiple follow up meeting(s), Three months follow up (full service).
$4,750 + GST

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