Our Fee Structure
Every client’s situation is different so the fees you pay reflect time complexity and time required
EKB Financial Advisers commits to the following when addressing your advice needs.
- We are upfront with our costs. Furthermore, we will provide them to you before we start work, and only once we understand your situation and specific financial advice needs.
- You will only pay for the advice services you use.
- We charge our fees based upon the complexity and time required to help you.
- FPAA members like Dale Barratt – Certified Financial Planner® abide by explicit rules. These require members to explain fees and charges in a clear and transparent way. An FPAA member is also required to make sure you understand and approve the fees before starting work for you.
How we determine fees
At EKB Financial Advisers, we believe in transparency and fairness when it comes to our fees. Here’s a simple guide to help you understand how we determine the costs for our advice and service:
Complexity of Services
As each client’s needs and circumstances are unique, some financial plans are more intricate than others. For example, retirement or complex investment planning might require more detailed work, which can affect the fee.
Time and Effort
We consider the time and effort needed to provide you with top-notch service. This includes everything from research and analysis to our meetings with you and the recommendations we make for you.
Your Financial Situation
Your unique financial situation and needs play a direct role in determining our fees. For instance, high-net-worth individuals with multiple entities will generally require more comprehensive services.
Level of Expertise
Our qualifications and experience matter. Planners with specialised certifications and extensive experience may have higher rates due to their expertise.
Market Rates
We keep an eye on what other financial planners in the area are charging to ensure our fees are competitive and fair.
Service Model
Our fee structure can vary based on how we deliver our services. This could be hourly rates, flat fees, or a percentage of assets under management.
Value Provided
We aim to provide great value for our services. The potential for financial growth or savings for you is a key factor in our fee determination.
By providing this information, we seek to offer transparency and build trust, helping you make well-informed decisions about your financial future. If you have any questions or need further details, please don’t hesitate to reach out to us. To make an appointment, please call us on (03) 9969 2230.
We look forward to seeing how we can work with you.
