Fact Sheet for individuals checklist

We’ve developed a checklist that gives you all the information you’ll need to understand the process and get the most out of »» Important note your financial planning meeting. Make sure that by the end of We encourage you to consider the meeting all your questions are fully answered. the information outlined in this checklist before meeting with a How to prepare for a meeting with as taking an extended holiday, paying off financial adviser. a financial adviser your mortgage or retiring early. This information has been The role of the financial adviser is to help 3. Identifying any financial issues compiled by the Russell you achieve your financial and lifestyle and gaps Master Trust and goals. When you see a financial adviser, It’s important to work with your financial every care has been taken it’s important to make sure you are adviser to identify the difference between to investigate any financial prepared, so you get the best result from your current financial position and where planning organisation that your meeting. This is true regardless of you would like to be. This will help your we may suggest could assist your level of knowledge. Don’t financial adviser develop strategies to fill you. Even so, we cannot be afraid to ask questions about anything these gaps so you meet your goals. guarantee the financial adviser you don’t understand or want to know representative at any particular more about. 4. Preparing a Statement of Advice location will completely satisfy Your financial adviser will prepare a your expectations about the How does the financial planning Statement of Advice outlining their quality of advice and service process work? recommendations for your financial plan. There are usually six steps in the It may also include recommendations on provided. So, it’s important for financial planning process: products and services that will help you you to consider this information in the context of your personal 1. Gathering your financial details fulfil your plan’s requirements. circumstances. Financial planning works best when 5. Implementing the recommendations your financial adviser has a complete Financial advice is only helpful if you act »» We’re here to help understanding of your overall situation. The on the recommendations you’re given. So iQ Super by Russell more detail about your current finances you it’s important you are comfortable with Investments bring, the better. (See our ‘What you need what’s listed in your Statement of Advice Call: 1800 555 667 to bring’ checklist on the next page.) and work with your financial adviser to For international: +612 8571 5588 implement any suggestions. 2. Identifying your financial needs Email: [email protected] and goals 6. Reviewing your advice Website: russellinvestments.com. Comparing your current financial situation You should regularly review the advice you au/super to where you would like to be in the future receive to make sure it stays up to date will help determine the type of action with your changing needs and objectives. you’ll need to take. Start thinking about How frequently you review your advice the goals you would like to achieve, such depends on your personal needs and circumstances.

russellinvestments.com.au/super July 2018 »» Feedback Sometimes a relationship with a By continually monitoring feedback To provide feedback on a financial financial adviser won’t work out, from members, we can ensure the adviser, please write to: regardless of how careful the calibre of the financial advisers we Russell Investments’ Super Advice selection process has been. If you recommend is as high as possible. Service think one of our suggested financial Locked Bag A4094 advisers does not meet your Sydney South NSW 1235 expectations, please let us know.

Important questions to ask Don’t forget to ask What you need to bring On this page, you’ll find a list of questions to ask your financial adviser in your first What qualifications or Your latest superannuation

meeting, so you can be confident you experience do you have? benefit statement(s) will receive good advice. How do you Can you provide a copy determine if you received the right advice? A copy of your latest tax of your It should fit your needs and circumstances. return and tax assessment Remember, there’s no one right answer Guide? to any question. A good financial adviser What approach do you take Details of your current may answer the same query differently to providing advice, and how policies for different people, depending on their can I be sure it will continue individual circumstances. to satisfy my needs? Details of your assets and liabilities, particularly Your financial planning checklist What fees will I be charged existing investments and Before you meet with a financial adviser, and what are they for? any loans take a look at the ‘What you need to bring’ What can I expect from this checklist on this page, so you’re fully Details of your household meeting? prepared for your meeting—and are in the budget best shape to get advice that’s right for Can you give tax advice? Any other information you you. think is relevant to your financial affairs What if I have concerns about the outcome of this interview?

Issued by Total Risk Management Pty Ltd ABN 62 008 644 353, AFSL 238790 (TRM) the Trustee of the Russell Investments Master Trust ABN 89 384 753 567. iQ Super – Saver and iQ are divisions within the Russell Investments Master Trust. This document provides general information only and does not take into account your specific objectives, financial situation or needs. You should consider the Product Disclosure Statement (PDS) for the product you hold or intend to hold before making an investment decision. Call us on 1800 555 667 or visit russellinvestments.com.au for a copy of the PDS. The information in this document has been compiled from sources considered to be reliable, but is not guaranteed. Any examples provided are for illustrative purposes only and should not be relied upon for the purpose of making an investment decision. General financial product advice is provided by Russell Investments Financial Solutions Pty Ltd ABN 84 010 799 041 AFSL 229850 (RIFS) or Link Advice Pty Ltd (Link Advice) ABN 36 105 811 836, AFSL 258145. Limited personal financial product advice is provided by Link Advice. RIFS and TRM are part of Russell Investments. If you decide to purchase or vary a financial product, Russell Investments and/or other companies within the Russell Investments group of companies will receive fees and other benefits, which will be a dollar amount or percentage on the value of your investments and/or your insurance fees. You can ask us for more details. SS_FACT_CkList_FinAdvice_V1F_1803