PRICING

If you’re a professional adviser, or if you’re running an advice business, you understand that the cost of your services often depends on the complexity of the task and the time you need to complete the task.

It’s the same with para-planning.

When you submit a para-planning request, our Consultants will assess it against our internal complexity standards that considers the advice areas and the number and complexity of the strategies that need to be addressed in the advice document.

Understanding complexity

Aged Care, SMSF, Derivatives and Gearing/Margin Lending advice are always High Complexity Advice areas.

In other cases, the complexity depends on how many classes of financial products need to be considered. Advice with two or fewer classes will be Low to Medium Complexity. Advice with three or more classes will be High Complexity advice and be priced accordingly.

Prices will be confirmed, in writing, before we commence work. Understand that if the scope changes, so will the price.

What is a ‘class of financial product”?

Our approach may infuriate your in-house lawyers, but we consider each of the following to be a distinct ‘class of financial product’ for the purpose of pricing:

  • Superannuation

  • Aged Care

  • Securities

  • Investment

  • Insurance

  • Debt Management

  • Gearing and Margin Lending

  • SMSF

  • Retirement Income Streams and Transition to Retirement

  • Centrelink

  • Strategy Only (no product)

  • Review (No change) or Review (New Licensee)

  • Trustee, POA or corporate advice.


Low Complexity

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An SoA with super rollover, salary sacrifice and NCC is considered “low complexity” because all these areas fall within a single class of financial product (superannuation).

Personal Insurance to retail clients is also “low complexity”.

Medium Complexity

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An SoA with super rollover, salary sacrifice and NCC, Life and TPD and Income Protection recommendations is considered to be “Medium complexity” because it considers two classes of product.

Advice to Trustees or to a person acting under an Enduring Power of Attorney also fit into this category.

High Complexity

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Aged Care, SMSF, Derivatives and Gearing/Margin Lending advice are always High Complexity Advice areas.

The need to consider ‘complex financial products’, sophisticated tax structures or to account for a number of intervening entities will also attract a High Complexity rating.

 

Our partners, or clients that pre-purchase a para-planning service package, are entitled to further discounts. Contact alex@assuredsupport.com.au for more information.