Not every money problem needs a lifelong relationship. Some need a map. Others need a co-pilot.
When one-off advice may work
One-time advice can suit a specific issue such as reviewing super, checking insurance, planning a contribution strategy, or getting a second opinion.
It can be efficient when the problem is clear and your life is fairly stable.
When ongoing advice may work
Ongoing advice can help when your situation is complex, your investments need regular monitoring, you are approaching or in retirement, or you want accountability and adjustments over time.
Life does not stand still, and neither should a serious financial plan.
Compare the service, not the label
Ask exactly what ongoing service includes. Reviews, updates, access between meetings, implementation support, and proactive strategy changes should be clear.
If the ongoing service is vague, question it.
You can change over time
You may start with one-off advice and move to ongoing later, or use ongoing advice during a complex period and scale back when life settles.
Good advice should be flexible enough to fit the stage you are in.
Ask a financial advisor Melbourne clients trust which model suits your problem. The answer should be based on your needs, not their preferred billing system.
Why not have a chat to our friendly team of financial advisors in Melbourne? Book a time: https://partnersinplanningaus.setmore.com/book or give us a call on 1300 880 100.