GESB Financial Advice is here to help you
At GESB Financial Advice, we can provide you with personal financial advice on your super and retirement needs.
Whatever level of advice you require, we have tools and professionals available to help you. You may want to:
Ultimately, we strive to provide you with financial solutions to enhance and improve your financial wellbeing. If we are unable to advise on products or strategies that you need, we will let you know.
How much does a detailed personal plan cost?
The initial appointment is free of charge, without obligation. It is intended to help you find out about our services and discuss your goals and objectives with your adviser. If you choose to go ahead, we'll provide you with an engagement letter for you to sign, to agree the scope of the service and how much this will cost upfront before we start.
Preparation of a Statement of Advice
The total cost of advice will depend on a number of factors, including the complexity of the advice you need and the time it takes to prepare the advice. The fee is generally based on an hourly rate of $290 (incl. GST).
We will typically give you a written quote with a fee range before any work begins and once we have had an in depth discussion on your personal circumstances and have agreed on the scope or topic of advice. In the event that your circumstances change after the scope of the service has been agreed, we may review the fee, upon your agreement.
How you can pay your fees
You can pay your fee by cheque or direct deposit. You may also be eligible to deduct a portion of your fee from your GESB account. Details of how to do this will be provided by your financial adviser.
How our advisers are paid
All GESB Financial Advice staff are employed by GESB, seconded to GESB Financial Advice and are paid a fixed salary. GESB Financial Advice and its advisers do not receive any commissions which means our advice is based purely on providing you with an appropriate financial strategy to suit your needs.
What we can't do
GESB Financial Advice has been established to provide advice to GESB members about their interests in GESB schemes. We are not able to recommend financial products other than those on our approved product list. This means that if we identify that you need to acquire a financial product that is not on our approved product list; your adviser will advise you of this need, but will not be able to make a specific financial product recommendation.
Stay on track with our Wealth Check service
GESB Financial Advice also offers an optional ongoing Wealth Check service. This annual review service will keep your financial plan up-to-date with your changing circumstances and ensure that your strategy stays aligned with your financial goals.