At Invest Blue, we are passionate about helping people realise their goals and dreams so that they can live their best possible life. In some instances, there is an immediate need that has to be addressed in a tight time frame, for example, the purchase of a house. For most, however, to truly build a financial plan that delivers on your best life, our approach is holistic and takes some time.
So how does it all work?
Download Our Process as a PDF
The meeting rhythm:
Each time we get together we will work through 5 key areas:
1. What is important to you?
2. Your details
3. How we can help
4. Next steps
5. Summary and actions
Depending on where you are at in the journey, one or two of these steps will be emphasised, but we always go through this agenda. The main reason for this is to ensure we are always focused on the things that are most important to you. If we are going to help you live YOUR best life, we always need to start here.
As a new client, there are a series of meeting steps we go through to develop your financial plans. This includes:
1. Understand: getting to know each other and understanding what is most important to you
2. Challenge: challenging you to live your best possible life
3. Empower: showing you how your best life is possible
4. Support: providing the support you need to confidently get on with your financial plans
Our existing clients meet with their adviser formally, generally once a year. If your situation is more complex or you are going through a change of situation, you may meet more than that. These meetings are called Progress meetings because we want to ensure you are living your best possible life and progressing towards your goals and dreams.
Meeting frequency
Once we have worked with you to understand your dreams and goals, and the ways in which we can support you to meet your objectives, we will provide you with our recommendation as to how frequently we should meet to track the progression of your goals and adjust for changes as they arise.
The complexity of your situation and your desire to meet to discuss your financial goals will be factors in determining how often we come together to undertake a formal review. Generally, we like to meet with you at least once per year.
What you will pay
There is no cost for your first meeting with us. If after that first meeting, you would like to progress to the next research stage, you will be charged to recover some of the costs incurred in reaching this stage. If you agree to the strategy presented, your initial advice and establishment costs will typically fall in the range of $3,000 to $10,000 depending on the nature, complexity, and size of the advice and implementation required. For future years, there is an ongoing advice cost for working with our team. This cost varies based on the type of ongoing advice, its complexity as well as the time and resources we need to bring to meet your ongoing requirements. Our ongoing advice packages start at $2,400 plus GST pa.
We have four support packages based on complexity. Your package will be determined by your situation and preferences. These are as follows:
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Access
|
Enhance
|
Elevate
|
Exceed
|
| This is a portfolio review service only, and is for clients with who have less than
$150,000 to invest, and are not seeking a review on their situation outside of their risk profile and investment portfolio.
This package includes an annual review over the phone or through video chat per year. |
This is an entry level package that suits those who have relatively simple financial affairs and less than $500,000 to invest.
This will suit those just starting out on their financial journey or are later in their retirement years.
This package includes one formal annual review with an adviser per year. |
The elevate package is our standard package that suits the majority of
our families that we work with. You may have a slightly more complex financial situation,
multiple goals and a combined wealth of more than $500,000 to be managed.
This package includes one formal annual review with an adviser per year. |
The exceed package is designed for those who have a more complex financial situation and may have multiple investments such as a SMSF, Trust or multiple entities.
This package includes one formal annual review with an adviser per year. |
Your Adviser will recommend the most suitable ongoing package for you based on the complexity of your situation and the amount of support you require.
Wealth Management Fee
Additionally, if you undertake one of our active Wealth Management solutions, you will be charged a fee based on the amount you have invested. This means that when you undertake an active Wealth Management solution with us, we also charge a percentage-based fee that is applied to the balance of your investment. The more you have invested, the lower the percentage applied; these fees range from 0.80% to 0.65%.
Our range of portfolio solutions are designed to meet the unique needs of our clients.
Foundation: Passive or Active
|
Dynamic
|
Bespoke
|
| This is for those who in conjunction with their ongoing financial advice would like to build a Wealth Management solution that utilises a set and forget approach.
This is generally managed as a single fund that can be either passive or active.
This portfolio solution isn’t as tailored as Dynamic or Bespoke and therefore is a cheaper investment alternative for some. |
For those who want to work with a financial adviser
to review their financial situation, help plan for their future and build a Wealth Management solution.This involves high quality research and a more defined approach around risk vs return. The investment is managed by our third party investment specialists and monitored by your Adviser.
|
This is designed for those who want to review their financial situation, help plan for their future, and build a Wealth Management solution in a bespoke fashion, tailored only to them.
This will result in a highly tailored and bespoke portfolio. This typically suits a more sophisticated investor and requires a research specialist which comes with a higher cost.
|
Before work commences, you will be told what costs we will apply to your situation. Each year we will review and discuss your support needs, determine appropriate costs and provide you with a quote in your Annual Advice Agreement.
Your ‘package’ is determined by the complexity of your situation, the amount you have invested & how often you want to meet your adviser.
Your ‘portfolio solution’ is determined by the level of investment advice you want to participate in.
Our Offering & Pricing Guidelines
|
Exceed
|
Elevate
|
Enhance
|
Access
|
| Minimum Package Fee (excl. GST) |
$4,800.00 |
$3,600.00 |
$2,400.00 |
$900.00 |
| Annual Package Fee (excl. GST) |
$4,800.00 |
$2,400.00 |
$1,200.00 |
|
| Restrictions |
None |
Portfolio > $500,000 |
Portfolio < $500,000 |
Portfolio < $150,000 |
| No SMSF / Entity clients |
No SMSF / Entity Clients |
Associate Adviser Only |
|
No Bespoke Wealth Management |
Dynamic Cornerstone SMA Only |
|
|
No Annual Advice Review |
| Portfolio Management Fee < $1.5M (excl. GST) |
0.50% |
0.60% |
0.75% |
0.90% |
| Portfolio Management Fee > $1.5M (excl. GST) |
0.25% |
0.25% |
N/A |
N/A |
Add-ons
| Extra Meetings |
$1,200 |
$1,200 |
$1,200 |
$1,200 |
| Bespoke Wealth Management Offering |
$1,000 |
$1,000 |
$1,000 |
$1,000 |
| Complex SMSF |
$1,200 |
N/A |
N/A |
N/A |
Offsets
| Insurance |
-$300 |
-$300 |
-$300 |
-$300 |
| Lending |
-$300 |
-$300 |
-$300 |
-$300 |
