There are strict legal requirements that govern how financial advice is provided in Australia and what the advice must include.
Unless you qualify as a “wholesale” (very knowledgeable) investor, our initial advice is always written in a document called a Statement of Advice (SOA).
In simple terms the SOA will:
It is an essential feature of all financial advice provided by HPW that we believe the advice is in your best interests. That is both a legal requirement and a cornerstone of how we go about advising our clients.
When you have had time to consider our recommendations we usually meet again to answer any questions you have and to discuss any changes you wish to make.
Once we have finalised our recommendations we ask that you sign documents that confirm you are happy with our advice and wish to become a client of HPW. We then proceed to do everything necessary to implement the advice.
The function of economic forecasting is to make astrology look respectable.