PRICING

How much does it cost to work with Falcon?

If you’re like most people, this is probably the first page you have visited on our website outside of the home page, and fair enough. Financial advice involves a significant time and financial commitment. We understand you want to make sure you are getting the right return on your investment and are comfortable in knowing what you are up for before deciding to commit. That is why we have gone to every effort to ensure:

you know where you stand on pricing to avoid sticker shock or disappointment down the line;

you can understand the factors that drive advice costs up or down;

you can make a more informed choice about the scope of financial advice you want to receive and tailor a plan to suit your needs and budget.

It’s important to understand that a Falcon Financial Plan is uniquely tailored to your circumstances and needs. Therefore, no plans come off the shelf and are built around your current personal balance sheet to where you would like to be in the next 5, 10, 20, 30+ years. That is why we have provided an average range for the four main types of clients Falcon likes to work with, on both our initial financial plans and ongoing service packages.

We recommend you visit our ‘Engage with Falcon’ page to understand how and when our fees apply across the two phases of engaging with a financial adviser.

Initial Financial Plan

(NEW CLIENTS)

Ongoing Service

(EXISTING CLIENTS)

Young and
Established Families

TYPICAL RANGE

$3,500 – $6,600*

(Incl, GST)

For families looking to put in a plan that can make the most of your wealth creation opportunities, whilst ensuring adequate financial protection is in place from life’s uncertainties. A Falcon Financial Plan will provide the solid foundation you need to navigate life with confidence.

Small Business Owners

TYPICAL RANGE

$4,400 – $8,800*

(Incl, GST)

Most Small Business Owners also fall into the category of Families or Pre-Retirees. Whilst all advice areas covered in these categories will also apply, we understand that Small Business owners have specialised needs and requirements above and beyond these areas.

Pre-Retirees

TYPICAL RANGE

$3,500 – $6,600*

(Incl, GST)

With retirement in the not-too-distant future, these are the years that truly count. A Falcon Pre-Retirement Plan will help you get on the best possible footing to confidently retire on your terms, living your ideal lifestyle. So you can be at ease as you focus on winding down your career, spending more time with family, and doing things that truly matter to you.

Retirees

TYPICAL RANGE

$3,500 – $6,600*

(Incl, GST)

With work now a distant memory, these are the years that are all about quality. Quality of health, family, relationship and of course, financial wellbeing. With Falcon, a Retirement plan can provide professional assurance that you can live your third act at ease, knowing you have a structured plan in place and are getting the most out of your nest egg, ensuring it lasts as long as you require.

*Whilst 95% of new clients to Falcon will land within these price ranges, we appreciate some of you have may have unique circumstances and advice needs that fall beyond the scope of the service levels listed above. When this applies, we will fully disclose your investment payable to Falcon before proceeding. So you can be comfortable in the knowledge you are receiving a fully transparent proposal that outlines the work and advice involved before proceeding.

How much does it cost to be an ongoing client of Falcon Financial Advisers?

Once you receive your Falcon Financial Plan, we may identify the benefits of working together beyond this engagement. Accordingly we will put forward a service proposal. Whilst an initial plan certainly does not necessitate a retainer, we may uncover several compelling reasons to your advantage for us to keep working together beyond the financial plan. If that is the case, we will design a 12-month service proposal where we will remain your dedicated adviser for that period. We have a bespoke pricing methodology we apply to all clients of Falcon to ensure fair, consistent and transparent pricing. Any Falcon proposal is tailored to your unique circumstances, and includes our understanding of the level of service and advice you will need for the year ahead.

Any proposals would require your prior and informed consent, and we would only make such a proposal if we could demonstrate a financial improvement to your situation. This includes a tangible financial gain on an after-fee basis.

As a Falcon Financial Plan can be designed for a 30+ year strategy, we want to be accountable to all advice we provide to help keep you on track. We also understand that circumstances can change over time. That’s why your professional advice team can be on hand to work with you through life’s ups and downs.

What do these fees actually mean to you?

Here are some examples of how Falcon annual fees can apply in practise:

Starter

FROM

$292 per month*

Full implementation, set up, management and administrative support of your financial arrangements and accounts we recommend in your Falcon Financial Plan

Access to Falcon’s yearly service and investment management package

Basic subscription to your secure client portal

1 formal progress meeting every year where we check in and measure progress on your Falcon Financial Plan

A good fit for young families and retirees with simple advice requirements

Intermediate

FROM

$550 per month*

All features and benefits outlined in the Starter package

Pro subscription to your secure client portal (with live banking and investment data feeds included)

1-2 formal progress meetings every year where we check in and measure progress on your Falcon Financial Plan

Co-ordinating with your professional network of accountants, mortgage brokers and solicitors where needed

Liaising with Government agencies such as Centrelink /DVA including nominee access to your portal where required

A good fit for established families, pre-retirees, established retirees and/or growing small business owners who require a more hands on level of service

Advanced

FROM

$1,250 per month*

All features and benefits outlined in the Intermediate package

2 formal progress meetings every year where we check in and measure progress on your Falcon Financial Plan

Strategic review of your financial arrangements and revisit of your financial modelling at least every 2 years

Yearly meeting with your accountant to review your tax planning requirements

Bespoke specialist financial planning projects (such as executing on Employee Share Schemes, or investment planning for additional tax entities

A good fit for established families, small business owners that have reached maturity and/or established pre-retirees/ retirees with more complex financial advice needs

Insurance Only

No ongoing service fees, but a commission may be payable on the insurance cover we place on your life**

Offer of annual review of your policies and cover levels appropriate to your circumstances and risk protection needs

For business insurances, an offer of an annual review with the shareholders to review cover levels and premiums ensuring they remain appropriate for the needs of your business

Assistance with lodging a claim with the insurer should the need ever arise

A good fit for those who do not have urgent wealth planning needs but want to protect their households and businesses

Execution Only

FROM

$350 per hour*

Ad hoc advice and assistance as needed in relation to your requirements where no formal Service Agreement is in place

A good fit for those who do not require ongoing advice and service but may need assistance with one off events like acting as an executor of an estate and needing assistance accessing financial information and liaising with financial providers, or supporting a family member with a move into Aged Care

Execution Only

FROM

$350 per month*

Ad hoc advice and assistance as needed in relation to your requirements where no formal Service Agreement is in place

*All fees are inclusive of GST. Check out our Ongoing Pricing FAQs on how these can apply in your circumstances.

**For some insurance policies, we place, Falcon will receive up to 66% of the 1^st year premium as a commission and up to 31% for each ear thereafter. Note, we need to prove that placing such a policy will be in your best interests before moving ahead.

Factors that Influence Pricing

We strive to add value to your financial situation through personalised advice at a fair and transparent price. This can only be achieved through your trust and confidence that our process will work for you. It is your trust that we regard as our most important asset.

Scope of the plan

Plans range from limited scope (i.e. Super and insurance) to full comprehensive financial plans incorporating tailored financial modelling of your position across multiple scenarios. The higher-level plans will warrant a greater financial investment but can provide the best financial value.

Size of family group

If you are a couple and/or have multiple entities like a company, family trust, SMSF, you will require a more comprehensive strategy to address your goals and personal circumstances. This may involve co-ordinating with your network of trusted professionals, including your accountant, lawyer and/or mortgage broker. We can also refer you to a fantastic bunch of highly capable professionals for each of these services if required.

Size of ambition

If you have a large number of goals you would like to achieve into the future, Falcon can develop a financial model to address as many scenarios as you require. A higher number of scenarios will warrant a more intensive advice strategy.

We understand that trust is built through being honest and transparent about how we operate, along with repeatable and consistent actions. So whether you’re in the market for a financial plan or aren’t quite ready but want to know more, we aim to educate and inform your understanding by providing a library of resources about financial planning and how we serve clients.

What’s included in my Financial Plan?

Your Personal Wealth Map and Financial Recommendations

Because no two plans are the same! Your Falcon Advice strategy will encompass all the relevant financial matters, circumstances, goals and objectives that are important to you.

This map is built off a financial model that projects your wealth over the next 5,10, 20 + years, based on making no changes to your situation vs implementing our personal advice recommendations outlined in your plan.

In other words, we build your future financial potential and illustrate the means to help get you there. Given all Falcon plans are customised to your situation, we price accordingly in the options outlined.

A Tangible Return on Investment

As your Falcon Financial Plan is designed to empower you to make the best use of your income, expenses and broader wealth position, engaging in this process is designed to uncover strategies to your benefit.

The benefits identified that can at least partially, or sometimes more than fully offset the cost of your financial plan. In other words, a Falcon Financial Plan can pay for itself.

Usually in the form of tax-effective financial strategies and/or savings on fees for the products we recommend vs what you are currently paying. Such savings can compound over the course of a financial plan’s life.

Transparency and Accountability

As licenced financial advisers, we have strict legal and ethical obligations to act in your best interests. Your Falcon Financial Plan will always be designed with this in mind.

All fees and commissions payable to Falcon, and any financial providers we recommend will be fully disclosed so you can make an informed choice about the benefits and trade-offs on proceeding with a plan.

A truly professional financial adviser will only provide a recommendation if they can demonstrate exactly how it will improve your financial position and meet your best interests. This also involves understanding your bigger picture and the longer-term impacts of that advice.

Don’t forget the intangibles!

Beyond the hard numbers, a well-constructed financial plan that is properly implemented can improve your overall wellbeing. This includes;

A sense of order to your financial arrangements

The confidence to move ahead with future financial decisions through education and empowerment.

Peace of mind knowing a team of well qualified and experienced professionals have thoroughly investigated your situation and have provided a plan with your interests in mind.

FAQ

What do Falcon Financial Advisers do?

We are a comprehensive financial planning practice for Australian families of all life stages. Whether you are just starting your financial journey or enjoying your retirement, our team of highly skilled and qualified financial advisers can add value to your life by providing the right personal advice to benefit you. This encompasses, strategic wealth and cash flow planning, superannuation and retirement planning advice, personal risk management and insurance advice, business succession and key person strategies, aged care planning and many other key financial planning matters.

We are backed by a large and reputable financial services licensee, Personal Financial Services Limited, which provides us with the depth of scale, systems, support and rigour to ensure you are receiving advice of the highest quality.

Falcon is also part of a broader professional network of accountants, mortgage brokers and general insurance brokers that has helped expand our services if you are looking for more than personal financial advice.

Is a financial plan right for me?

That will depend on your circumstances and need for advice. We recommend you visit the Financial Advice section on ASIC’s MoneySmart page to work out if now is a good time for you to commit to a plan. Our Engage with Falcon page can help you understand the Falcon process and our specific steps involved. However as with most things, the best way to know is to try for yourself. Let’s have a conversation to figure out together whether our not our services are the right fit for you.

I understand that a comprehensive plan can offer significant benefits, but I don’t need all the bells and whistles right now. Can I just get a limited scope plan on say my super, or insurance?

Absolutely. And we totally understand that you may wish to prioritise a certain area of advice right now. We can provide limited scope plan based on your preferences. That said, we will always make reasonable enquiries into your broader position before providing any advice (including on a limited scope). This is our obligation to ensure we are providing advice that meets your best interests, no matter the scope requested.

Furthermore, there are some advice areas that are inextricably linked together, like superannuation, insurance and estate planning. We find that you cannot limit the scope to one without considering the other two. For example, most working Australians have some form of Life Insurance inside of their superannuation. This fund also needs to be paid somewhere if you were to die, so instructions should be left with the provider so it goes where you need it to be. Therefore, we would never provide any superannuation advice without considering insurance and estate planning.

How do you charge for an initial financial plan?

Our financial plans are payable in two instalments – 50% payable upfront via invoice, with the remaining 50% payable upon presentation of your plan. Where advice relates to superannuation, we can deduct a portion of the fees from your superannuation balance. We recommend you speak with your accountant as to whether a deduction can be claimed on any financial advice fees.

For any insurance advice we provide, we may be remunerated by way of a commission through any life insurer we recommend. However, we would only consider this if we can demonstrably prove this is in your best interests, and there are many reasons why that may be the case. Any commissions payable to Falcon are fully disclosed upon presenting your financial plan where relevant.

Do I have to sign on to an Ongoing Service Agreement when I agree to a Financial Plan?

Not at all. A financial plan does not always warrant an Ongoing Service Agreement. In some cases, a one-off Financial Plan may be sufficient for your needs. However, there may be circumstances where working with us beyond your initial plan makes a lot of sense. Where that is the case, we will put forward an Ongoing Service Proposal upon presenting your financial plan. Whilst we would only put forward such a proposal if we felt it would genuinely improve your financial position and get you closer to your goals, we respect the fact it is your decision, and we could only move forward with your informed consent.

Is my money safe with a financial adviser and why should I entrust my money with Falcon?

We get that directly asking a financial adviser if your money is safe with them is a bit like asking your barber whether you should get a haircut. That’s why we encourage you to take your time and run due diligence before engaging with any financial advice practice. A great place to start is ASIC’s MoneySmart Financial Advice Page, Financial advice – Moneysmart.gov.au. ASIC is Australia’s financial advice regulator, who oversees the licensing and supervision of all retail financial advisers in Australia. Their consumer website provides an objective and comprehensive list of things to consider, in addition to questions to ask a financial adviser. Once you have done some research, we encourage you to meet with a number of advice firms to get a feel for their services, track record and culture to see if they are the right fit for you.

We agree with MoneySmart in that all reputable financial advice firms should have the following:
-listc- -list-An Australian Financial Services Licence (AFSL), with all of their advisers authorised to provide financial advice and an easy to locate Financial Services Guide (FSG) that outlines their services, fee structure and relationships.
Falcon Financial Advisers are authorised by Personal Financial Services Limited and you can access FSG here.-listend- -list-Well qualified advisers who possess the skills and expertise to provide the advice you are seeking.
You can access a financial adviser’s qualifications and disciplinary record (including all Falcon Financial Advisers’) on the MoneySmart Financial Adviser Register Financial advisers register – Moneysmart.gov.au.-listend- -list-A clear set of processes on how your financial arrangements are managed that are transparent and strictly in accordance with your best interests.
This should include a straightforward exit procedure should you decide you no longer wish to work with your adviser.-listend- -listcend-
Whilst financial advice is one of the most heavily regulated industries in Australia (for good reason) and there are many checks and balances to safeguard clients’ money, it is not failsafe. Plus, unscrupulous operators do exist, like in all industries and professions. At Falcon, our business model is fundamentally built on the premise that client trust is our biggest asset and that we can only succeed (and be paid) if we demonstrably meet your best interests and improve your financial wellbeing. That’s why we take our legal, ethical and professional obligations very seriously to foster a culture of excellence and client first principles. We hope that through our consistent efforts, we can be a trusted firm to partner with you.

What cities do you serve?

We have offices in Balgowlah Northern Beaches, Dee Why Northern Beaches and Newcastle. However, because our work can be done remotely, we can provide advice no matter where you’re located in Australia.

I’m not located near a Falcon office, can you still help?

Falcon Financial Advisers services clients all over Australia. Whilst we love meeting our clients face to face and are also prepared to travel to meet you, we are fully equipped to host remote meetings over Zoom or Microsoft Teams and successfully do this with many of our clients.

Who do Falcon Financial Advisers Help?

Falcon Financial Advisers love working with those who genuinely need assistance with their financial requirements and are open to receiving professional advice. We have the capability and skillset to provide advice and support to young and established families, small business owners, pre-retirees and retirees.

FAQ

What do Falcon Financial Advisers do?

Is a financial plan right for me?

I understand that a comprehensive plan can offer significant benefits, but I don’t need all the bells and whistles right now. Can I just get a limited scope plan on say my super, or insurance?

How do you charge for Ongoing Service fees?

Our ongoing service fees are based on 12-monthly retainers and payable monthly. We apply a pricing methodology specific to your circumstances and need for advice to build your customised service package. This can be paid upfront via invoice, or monthly via direct debit or the investment and superannuation accounts we manage and advise on your behalf. Our fees are never set and forget and are adjusted each year either up or down depending on your circumstances and advice needs for the following year ahead. We can only move forward with your informed consent, so you are in the driver’s seat to determine if we are adding value.

For any insurance advice we provide, we may be remunerated by way of a commission through any life insurer we recommend. However, we would only consider this if we can demonstrably prove this is in your best interests, and there are many reasons why that may be the case. Any commissions payable to Falcon are fully disclosed upon presenting your financial plan where relevant.

Am I locked into a fixed contract with Falcon if I choose to sign on?

Not at all. Whilst we believe our clients get the best value and are more likely to achieve their goals by working with us long term, you have the right to end your agreement any time. In fact, for any agreed ongoing service retainer, we legally need your written and informed consent to maintain such arrangements every 12 months, only after we have met our promises of providing you with ongoing service and advice. Whilst we need you to opt in every 12 months, you can end the agreement any time. This places the onus on us to ensure we are continually adding value to your situation for the services we provide and keeping you on track with your long-term goals, ensuring you want to remain a client.

Whilst we ideally aim to work with all of our ongoing clients for the long term, you will never be locked in to any commitment.

It is for this very reason that Falcon Financial Advisers will provide a consistent level of effort, attention and focus to all clients, new and existing. Whilst we are a growing business, and welcoming new individuals and families, you can be comfortable in the knowledge we will never forget our existing long term loyal clients, which can unfortunately happen in larger institutions like banks and insurance companies.

Is my money safe with a financial adviser and why should I entrust my money with Falcon?

What if I am not satisfied with the service I receive from Falcon Financial Advisers?

If in any way Falcon has not met your expectations, we will work with you to understand where we didn’t quite land and get on the best foot forward with you. Furthermore, as a licensed Australian Financial Advice practice, Falcon adheres to a robust complaint handling process via our licensee, Personal Financial Services and the Australian Financial Complaints Authority (AFCA) which ensures any issues are resolved in a professional and thorough manner. You can read about our complaints process on page 8 of our Financial Services Guide (Part 1) here.

Overall, Falcon exists on the premise that if we are not adding value to your situation through our engagement, then you have the right to end that engagement. We will always strive to understand any issues and work with you to rectify them in a professional and understanding manner.

What cities do you serve?

I’m not located near a Falcon office, can you still help?

Who do Falcon Financial Advisers Help?

Ready to talk?

Get in touch with one of our professionals

PRICING

Initial Financial Plan