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Financial Planning

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Looking for tailored Financial Advice?

How do I know how much I will need to live comfortably in retirement?

How do I still make my mortgage repayments and look after my family if I fall ill?

How do I make wise decisions with my investments for the future?

Why Bankstown City Credit Unions six step Financial Planning Process can help you achieve your liftstyle goals

At Bankstown City Credit Union our priority is to ensure we assist our members to have Peace of Mind to reach their financial goals in the future. 

It is important for us to know that you are comfortable with our Financial Planners and that they have taken the time to understand your goals, your needs and your preferences before making any recommendations to you.

Our Financial Planners follow this six step process in the development of a financial plan which is right for you.

1. DEFINING THE SCOPE OF ENGAGEMENT

Your planner will explain the process they will follow, find out your needs and make sure they can meet them. You can ask them about their background, how they work and the associated costs.

2. IDENTIFYING YOUR GOALS

You work with the planner to identify your short and long term financial goals – this stage serves as a foundation for developing your plan.

3. ASSESSING YOUR FINANCIAL SITUATION

Your planner will take a good look at your position – your assets, liabilities, insurance coverage, investments, social security entitlement and tax strategies.

4. PREPARING YOUR FINANCIAL PLAN

Your planner recommends suitable strategies, products and services, and answers any questions you have.

5. IMPLEMENTING THE RECOMMENDATIONS

Once you’re ready to go ahead, your financial plan will be put into action. Where appropriate, the planner may work with specialist professionals, such as an accountant or solicitor.

6. REVIEWING THE PLAN

Your circumstances, lifestyle and financial goals are likely to change over time, so it’s important that your financial plan is regularly reviewed, to make sure you keep on track.

Set up your appointment now. It’s easier than you think. Enquire Now

 

Our Financial Planners are employees of Bankstown City Credit Union and are Authorised Representatives of Libertas Financial Planning Pty Ltd AFSL 429718. ABN: 27 160 419 134