Planning and advice options
Planning and advice options
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If you’re thinking about your future and looking to get your finances in the best shape possible, we highly recommend seeing a financial planner.
Whatever your age, life-stage or level of wealth, financial advice can help you get where you want to go.
You can choose your own financial planner or you can take advantage of the service available through Industry Fund Services (IFS). If you don’t have an existing relationship with a planner, you can contact the Financial Advice Association Australia (FAAA) and access their “Find a financial planner” service to locate an FAAA member near you. The financial planners at IFS can advise you about the options available to SA public sector employees.
Choosing IFS means:
Your appointment can be held at Super SA (Pirie St, Adelaide)1. Video appointments are also available for members who can’t make it into the office. |
Your advice fee can be deducted from your eligible Super SA account so it won’t come out of your take-home pay. |
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Comprehensive Advice
Comprehensive Advice through IFS is an in-depth service. It can look beyond what you hold within your Super SA fund. This service provides a full financial plan. It focuses on determining what your financial goals are and provides advice tailored to those goals.
The Comprehensive Advice service takes into account:
✓ Your financial position
✓ Your financial needs
✓ Both super and non-super matters
This in-depth Comprehensive Advice service:
Is held over the phone, video or in person here at Super SA, Adelaide
Takes between 60 to 90 minutes for the first meeting
Costs only $165 for the initial appointment and then an estimate of total fees after the first appointment
Can take between 4 to 8 weeks to prepare
Includes a Statement of Advice to explain the recommendations in depth
Provides help in implementing recommendations
The initial appointment fee is $165. The total cost of advice is generally between (depending on how complicated your financial situation is):
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- $1,980 and $3,300 for an individual
- $2,750 and $3,960 for couples.
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Your IFS planner will be able to provide you with a quote for advice at the conclusion of your initial appointment.
You may be able to pay some or all of these fees directly from your Triple S, Flexible Rollover, Select or Income Stream Product account. As your planner develops your financial strategy during the preparation phase, they may get in touch a few more times to further discuss your goals and needs.
Over time, your financial situation and your goals and objectives may change. Whilst IFS do not provide an ongoing review program, you are welcome to meet with them at various stages of your life to review your financial plan or get a new financial plan prepared. The same costs apply to a new financial plan but you’ll find out if you’re on track to achieve your financial goals, particularly if your circumstances have changed. Importantly, you’re in control of when you receive additional advice and you only pay for the advice you need.
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Ready to seek advice?
If you would like to learn more about financial planning or to make an appointment with an IFS planner, please call the Super SA Advice Administration team on 1300 162 348.