- Keep an eye on your cashflow and financial position on a regular basis,
- Provide you with accurate and timely information, analysis and recommendations allowing you to respond to issues as they arise and make sound/informed decisions,
- Help you to implement these decisions and assist with the ever increasing regulations and paperwork, and
- Work with your key Advisers and service Providers – your bank, Lawyer and Tax accountant – as required.
Some examples of the benefit of this approach are as follows:
Improved Business Performance
e.g. Accurate month end information and proactively responding to financial issues as they arise; insightful overhead analysis, resulting in more competitive quotes and increased sales and profits or implementing a proven follow up system that improves debtor collections and cashflow.
Improved Financial Position
e.g. A comfortable, financially organised and proactively managed retirement or using an SMSF (Self-Managed Super Fund) as a Family Super Fund.
Improved Financial Security
e.g. A crafted Estate Plan or having an insurance strategy in place to protect and cover the downside risk.
CADTRE Consulting charges on a fee for service basis.
The major benefit of working on a fee for service basis is that as you have requested the advice and services and have agreed to the related fee, CADTRE Consulting is working for you and is focused on your interests.
Regarding the indicative amount of the typical fee, as a comparison, the work is usually more involved than completing a typical Tax Return and the typical fee reflects that. However, as the work is performed by a professionally qualified and experienced financial expert, the value of the advice and service is also an important consideration. Some Financial Planners and Advisors may perform work for a nominal or low fee and advice and services may appear to be “free” or “cheaper”. However, where this does occur, the major pitfalls to consider are:
- That the provider may not be solely working for you and focused on your interests,
- The fees and charges you pay if you proceed with the product or service offered may be higher and include commissions and other forms of indirect payment, and
- The advice and service provided may not be adequate to address your financial issues and needs. i.e. it may fall short of the advice and services you really need.