GESB Financial Advice is here to help you

At GESB Financial Advice, we can provide you with personal financial advice.

Whatever level of advice you require, we have tools and professionals available to help you.  You may want to:

• check that your superannuation investment plan is correct for your risk profile,
• find out how much you should be contributing to your super to maximise tax benefits and ensure you are on track to achieve your retirement lifestyle, or
• get a detailed personal plan prepared.

Ultimately, we strive to provide you with financial solutions to enhance and improve your financial wellbeing. If we are unable to advise on products or strategies that you need, we will let you know.

How much does a detailed personal plan cost?

Initial appointment

The initial appointment is free of charge, without obligation. It is intended to help you find out about our services and discuss your goals and objectives with your adviser. If you choose to go ahead, we'll provide you with an engagement letter for you to sign, to agree the scope of the service and the appropriate fee upfront before we start. 

Preparation of a Statement of Advice

The total cost of advice will depend on a number of factors, including the complexity of the advice you need and the time it takes to prepare the advice. The fee is generally based on an hourly rate of $290 (incl. GST).

We will typically give you a written quote with a fee range before any work begins and once we have had an in depth discussion on your personal circumstances and have agreed on the scope or topic of advice. In the event that your circumstances change after the scope of the service has been agreed, we may review the fee, upon your agreement.

How you can pay your fees

You can pay your fee by cheque or direct deposit. You may also be eligible to deduct a portion of your fee from your GESB account. Details of how to do this will be provided by your financial adviser. 

How our advisers are paid

All GESB Financial Advice staff are employed by GESB, seconded to GESB Financial Advice and are paid a fixed salary. GESB Financial Advice and its advisers do not receive any commissions which means our advice is based purely on providing you with an appropriate financial strategy to suit your needs.

What we can't do

We are not able to recommend financial products other than those on our approved product list. This means that if we identify that you need to acquire a financial product that is not on our approved product list; your adviser will advise you of this need, but will not be able to make a specific financial product recommendation.

Stay on track with our Wealth Check service

GESB Financial Advice also offers an optional ongoing Wealth Check service. This annual review service will keep your financial plan up-to-date with your changing circumstances and ensure that your strategy stays aligned with your financial goals.

It also allows you to enjoy unlimited phone and email contact with your adviser to discuss our recommended strategy. On top of that, you will also receive regular updates and relevant news items delivered directly to your email inbox.