A 3-step guide to choosing a Financial Planner

You may be thinking of retirement or wanting to start setting some long-term financial goals. Maybe you’ve come into a sudden windfall of cash and you’re wondering what to do with. Planning for your financial future is one of the most significant things you can do for yourself, and your loved ones. Financial Planners are experts in helping people manage their money and in monitoring and reaching their financial goals. They can provide a range of Financial Planning services, from wealth creation & management, superannuation, wealth protection & insurance, to retirement planning.

A Financial Planner will focus on your financial situation, needs and goals. A professional, qualified and experienced Financial Planner will be able to help you implement the most appropriate strategy to achieve your desired outcomes. They will advise you of the benefits, alternatives, costs, and risks associated with your available options, and help you choose the one that is right for you.

We recommend following the guide below to help you choose a Financial Planner that is suitable for you.


1. Consider what you need from a Financial Planner.

What type of guidance are you looking for exactly? Before seeking financial advice it’s wise to make sure you have a fairly good idea of what you’re hoping to get out of it. This depends on your stage of life, how much money you have, and what you’re trying to achieve.

If you’re just trying to save money, figure out how much to contribute to your super or what to do with an inheritance, your enquiry may be resolved by one-off advice. This could include recommendations about budgeting, superannuation consolidation or insurance.

If you’ve reached a point in your life where you want to start being strategic about your financial future, you may be needing help developing a holistic financial plan. This may comprise advice on topics such as investment portfolios, tax planning, life insurance and in-depth retirement planning. The outcome is a comprehensive plan that will help you secure your finances well into the future.

As an individual’s circumstances and situation can change over time, Financial Planners will generally offer Ongoing Advice & Review Services.  These services will include regular reviews and monitoring of the recommendations, which helps ensure that they remain appropriate, and continue to meet a person’s ongoing needs.


2. Research Financial Planners & ask questions.

Before you commit to a Financial Planner, you want to ensure you’re engaging the best person for you and your circumstances. The best way to see what a Financial Planner offers is to read their Financial Services Guide (FSG). This provides an overview of their qualifications, the services they offer, how they charge and their Australian Financial Services (AFS) licence details. Anyone who gives personal financial advice must be authorised through an AFS licensee.

It’s always a good idea to have a list of questions for your Financial Planner handy to help you make your decision. Here’s a short list to help you get started:

  • What are your qualifications?
  • What are your fees?
  • Do you receive any commissions or incentives from the financial products you recommend?

There’s no one-size-fits-all in Financial Planning, so ensure you do your homework to find the right one.

3. Choose your services.

What specific Financial Planning services do you want to learn more about or put into action? To help you decide, here’s a brief overview of some of the services Financial Planners can offer.

  • Superannuation: A Financial Planner can assist you in choosing a super fund, advise you on how much you should be contributing to your fund, or help you with investing your super. They can also help you organise insurance through your super.
  • Insurance: This could include guidance on life insurance, total and permanent disability insurance, or income protection insurance
  • Personal investments: There are many personal investment options available, and each serves a different purpose. Whether it’s property, shares or ETF’s, managed funds or bonds, a Financial Planner will have the knowledge to recommend an investment strategy to achieve your goals.
  • Retirement Planning: A Financial Planner can support you to determine your retirement income needs, maximise you super contributions, ensure you’re invested appropriately, or even transition into retirement early.

Doing your homework on the services you’re interested in will set you up for success in your first session. It’ll also help you get the most out of your initial meeting.


Planning for your financial future is all about making your money work for you by choosing the right financial strategies. Financial Planners have the knowledge and experience you need to help you take control of your financial future.

Here at the Hrkac Group, we are a team of experienced, capable and respected Financial Planners who are passionate about educating you on the strategies and options available to get the best possible outcome for you.

Take control of your future today by meeting with the Geelong-based Financial Planning team at The Hrkac Group. Call us today on 03 5221 2355.


This information has been provided as general advice. We have not considered your personal or financial circumstances, needs or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

Are you looking at buying a property but worried about having the cash handy for a deposit? You could consider a deposit bond.

A deposit bond is a financial agreement that can be used in place of a cash deposit when purchasing a property, guaranteeing to the seller that the buyer will pay the full deposit at a later date.

Deposit bonds are used instead of cash to pay a deposit on a property. If you decide to use a deposit bond, you will pay the purchase price, plus the deposit and stamp duty at settlement.

Here are 10 things you need to know about deposit bonds:

1. Vendor Approval Is Essential

Before lodging your application, it’s crucial that you seek approval from the vendor/real estate agent to use a deposit bond to purchase the property, instead of a cash deposit.


2. Eligibility Requirements Must Be Met

To be eligible for a deposit bond:

  • You must have a formal finance approval; or
  • You must have at least a pre-approval that’s subject to valuation only; or
  • If you’re selling a property and funds from the proceeds of the sale are enough to purchase your new property outright, then you are eligible.

If none of the above applies to you, please talk to one of our specialist mortgage brokers.


3. The Cost Of Deposit Bonds Vary

The cost of a deposit bond depends on the value of the property and the length of time to settlement.

If you were to purchase a home for $500,000 and need a 10% deposit of $50,000. It would cost you around $600 for a deposit bond. If you’d like a rough estimate, contact our specialist mortgage brokers.


4. Deposit Bonds and Bank Guarantees Are Different

A deposit bond and a bank guarantee are similar in that they provide a guarantee to the vendor that the purchaser will pay the deposit at settlement. However, there are some key differences that you should consider before making a decision.

Security – Deposit bonds are unsecured, and bank guarantees are secured.

Although deposit bonds require an eligibility assessment to ensure you have the financial capacity to settle on your purchase, they are unsecured. Whereas bank guarantees are secured and require real estate or cash security to release.

Cost – Deposit bonds have a one-off fee, but bank guarantees have higher set up and ongoing costs.

Time – Deposit bonds are usually faster to obtain than a bank guarantee, as they require less paperwork and have a simple application process.


5. Time Needed For A Deposit Bond When You Have An Off The Plan Purchase

Most of time, when you buy an off the plan purchase a deposit bond is issued up to the ‘sunset clause’ date. A sunset clause date is found in your contract of sale and allows the vendor or purchaser to rescind the contract if the title of the property has not been created by a specific date.


6. First Home Buyers Are Eligible

As a First Home Buyer, you can obtain a deposit bond if you:

  • Already have formal approval for your finance through a family guarantor loan, and
  • Your property settles within six months.

If settlement is more than six months or you don’t have finance approval, your guarantor will need to apply with you for your deposit bond. You or your guarantor will need to have a property with the equity to release a deposit bond. This is to ensure the guarantor can pay back the deposit bond amount in the unlikely event of a claim on your bond.


7. No Repayments

If you use a deposit bond, you never actually pay back the deposit unless there is a claim. Its purpose is to provide reassurance to the vendor that you have sufficient funds to complete the purchase at settlement. Therefore, at settlement, you will pay the purchase price, plus the deposit and stamp duty.

The only cost involved is the deposit bond fee, which is provided to the lender up front.


8. No Interest Payments

No interest payments are required, besides the one-off deposit bond fee.


9. Deposit Bonds Can Be Issued Within 4-48 Hours

Once the lender has received your signed application with the bond fee payment, your deposit bond can be approved and issued within 4 to 48 hours. Once approved, the bond deposit is released immediately. The Hrkac Group typically have your deposit bond ready in less than one business hour!


10. The Best Way To Obtain A Deposit Bond Is Through A Mortgage Broker

The Hrkac Group make it easy to apply for a deposit bond. Contact our team and we will work with your deposit bond provider on your behalf, so you don’t need to add another thing to your list.

The supporting documents you need will depend on your application type, so we’ll tell you exactly what you need to provide. Then, when the application is ready, we’ll send it to you for electronic signing. It’s as easy as that!

If you have any questions about the topics discussed in this blog, feel free to contact our specialist mortgage brokers, who will provide a personalised and custom service based on your individual circumstances.



H G Financial Services Pty Ltd ABN 25 123 478 907 is a Corporate Authorised Representative no.401592 of Alliance Wealth Pty Ltd
Alliance Wealth Pty Ltd ABN 93 161 647 007
AFSL 449221
FSG – www.centrepointalliance.com.au/fsg/aw

There’s a lot of talk about growing wealth and protecting assets when it comes to financial advice, but do you really know what that means?

When you engage a Financial Advisor, you expect them to give you advice on how to make your money work for you. Whilst this is true, it’s a broad description and doesn’t cover the nitty gritty of what they can do for you and your future.

Like anything, you are paying a Financial Advisor for their experience and knowledge, and ability to assist you in meeting your goals and ultimately leave you in a better position.

We all have goals to achieve; whether it’s buying your first house, retiring in style, paying debts or investing for long-term gain, Financial Advisors are here to help you manage your money, assets and expectations so you can plan for the future lifestyle you pictured.


So, what do financial advisors actually do?

For Superannuation

As we’ve written about previously, the second best time to start planning your retirement is now, so with that in mind when it comes to Superannuation a Financial Advisor does many things to help you, well before retirement:

  • Choosing a super fund
  • Investing your super
  • Organising insurance through your super
  • Contributing to your super
  • Implementing tax effective strategies

Throughout your working life, you will accrue super to help you later in life when you no longer can (or want) to work. This money will be invested and continue to grow as you work, setting you up for the future.

Choosing the right super fund for you can be daunting, do I go for a Retail fund or an Industry fund or a SMSF? Can I choose where the money is being invested? Do I need to make personal contributions? All these questions can be answered by a Financial Advisor once they have gotten to know you and assessed your future goals.

Financial Advisors add value to your Superannuation by using their experience to educate you on the ins and outs of Superannuation, making sure that your individual set up is in alignment with what you want to achieve.

Financial Advisors will help you get involved early so that you can achieve your retirement lifestyle goals.

For Retirement Planning

As you approach retirement and the vision of your future comes more into focus, it might not look as you had pictured. If this is the case a Financial Advisor can help you to:

  • Determined your retirement income needs
  • Maximise super contributions
  • Ensure you’re invested appropriately
  • Regain control
  • Or transition into retirement early

For those whose retirement is fast approaching, Financial Advisors can help you to figure out how much income you’ll need to generate from your Superannuation throughout retirement, to fulfil your lifestyle. If things aren’t aligning, they can take you through any adjustments that need to be made in order to bring you closer to your goals.

Not only do Financial Advisors look at whether you’ll have enough to sustain your lifestyle, they also provide you with the reassurance you need to reduce the stress of retiring and give you back control of your future.

For Post-Retirement Income Strategies

After retirement, your money doesn’t stop working for you. Although you are accessing your Superannuation, the funds continue to be invested and grow with you so, it’s important that they are monitored and adjusted on an ongoing basis – this is where Financial Advisors can help.

It’s not just Superannuation that can assist you in funding your retirement either. There are many income generating investments that can be utilised to build your bespoke retirement income plan, such as managed funds and annuities. A Financial Advisor can ensure that your entire financial position is incorporated to provide you with the best possible outcome to support you throughout retirement.

For Insurances

Often a daunting topic, Financial Advisors are well versed in which insurances are available to you through you Superannuation, or directly, and how to best to structure them. If you don’t know what insurances you might have, or even what you might need, Advisors will assess your situation and help you understand the levels of cover that you need in order to protect yourself and your family if the unexpected should happen. The types of insurance cover that should be considered are:

  • Life
  • Total and Permanent Disability
  • Trauma
  • Income Protection

Unfortunately, not all cover is made equal and with so many provider options, it is easy to settle for an insurance policy that may not give you what you and your family need. A Financial Advisor will undertake a full assessment of your personal situation, and recommend the right comprehensive cover for you.

For Personal Investments

So, you’ve got savings in the bank and you know that property is an option, but you’re wondering what else is out there to invest your money in for a good future return?

There’s a lot to think about when it comes to investment options:

  • What do you want to achieve?
  • How long do you want to invest for?
  • How much risk do you want to take?
  • Are you looking for tax effective investments?
  • Do you have specific ethical preferences?
  • Are you more cost conscious?

There are many investment options available, and each serve a different purpose. Whether it’s shares or ETF’s, managed funds or bonds, a Financial Advisor will have the skills and knowledge to recommend an investment strategy to achieve your goals.

So, do you need a Financial Advisor?

Planning for your future involves a lot more than writing down your financial goals and wishing they will come true. Creating a financial plan is all about making your money work effectively, by choosing the right strategies for your individual circumstances.

Daunting as it is, Financial Advisors are here to give you the tools you need meet your goals and take control of your financial future. Here at the Hrkac Group, we are a team of experienced, capable and respected advisors who are passionate about educating you on the strategies and options available to get the best possible outcome for you.

Why use Hrkac Group’s Financial Advisors?

Our Financial Planning team are here to bring you value through their experience and wealth of knowledge. They are here to educate you on how to make your money work for you and achieve the goals you’ve set together.

The team of experienced advisors will use the initial meeting to get to know you, do a deep dive to assess your situation and help you to realise your financial goals.

Once your goals are in place, they will create a bespoke financial plan that will leave you with the best possible outcome. But the process does not end here, you can feel assured that our team of advisors will monitor your financial plan closely and ensure that it continues to meet your goals at each annual review, so that you’re free to live your life with a little less stress.

Find out more information about our Financial Advice services here.

Contact us today to start your Financial Planning journey: email or phone 03 5221 2355.

H G Financial Services Pty Ltd ABN 25 123 478 907 is a Corporate Authorised Representative no.401592 of Alliance Wealth Pty Ltd
Alliance Wealth Pty Ltd ABN 93 161 647 007
AFSL 449221
FSG – www.centrepointalliance.com.au/fsg/aw

The Hrkac Group has access to a Car Buying Service for both Corporate and Private car buyers with an impartial, cost-effective, and stress-free solution for purchasing your new motor vehicle. An average car purchase takes approx. 40 hours from start to finish, this service can eliminate all that stress.

The process is, we get to understand the client’s new vehicle requirements and can offer suggestions if required. We arrange a test drive at your local dealership in the chosen vehicle or it can be brought to your home or workplace without any obligation to buy. We handle all the price negotiations with our preferred dealers to ensure the exact vehicle you want at the very best price.

We can sort out your trade-in also to obtain the best price. We arrange the paperwork, car accessories, and registration. We can deliver the car to your home or work and we can take you through your new vehicle. If you prefer, your car can be picked up at the dealership. There are no fees for this service. You pay the best price that has been negotiated for your new vehicle.

Should you, your staff, family, or friends like further information, contact The Hrkac Group Finance Department, on 5221 2355 or email paul@hrkacgroup.com.au. We have had multiple clients use it so far and it has saved them time and stress and as a result, they have recommended it to others already.

So for borrowers, what are our alternatives?

On Wednesday evening, Westpac announced their intention to increase the interest rate on their owner-occupier and investor loans by 0.2% and the likelihood of the other major lenders following suit is quite high.

With this decision affecting those with personal loan, investment loans and business loans alike, it begs the questions; what is our alternative to the major lenders?

Well, the Finance division at the Hrkac Group Geelong can help! We have been provided with some very attractive alternatives to the major lenders with application and annuals fees being waived, interest rates reduced to record lows and cash rebates for refinancing on offer, there are thousands of dollars to be saved every year!

There has never been a better time to come in and see our Loan specialists at the Hrkac Group. We will review your current loan and help you understand the best possible options available to you, all free of charge!

Contact us today to find out how to make the most of these great offers and beat the 0.2% rise!

Geelong Finance team partners up with leading Vehicle and Equipment Finance business.

The Geelong Finance team at The Hrkac Group is pleased to announce we have recently partnered with one of Australia’s largest car and equipment finance brokers.

This partnership now allows us to provide our clients with the most competitive finance rates from Australia’s “largest panel of leasing & equipment finance lenders”.

Whether you are looking for Car Loans, Finance Lease, Commercial Hire Purchase, or a Chattel Mortgage, we can now assist you.

So if you are in the market for a new car or perhaps considering a purchase in the future, please do not hesitate to contact the Geelong Finance Team at The Hrkac Group to organise an obligation-free quote today!