Getting prepared for EOFY
It seems far off, but end of financial year is fast approaching! June is busy, so here are some ideas to help you prepare:
Bring forward review meetings
Bringing forward your review meetings will help spread the end of financial year load, and get you ahead of schedule, so you don’t have a surprise influx of complex advice to complete on a short deadline.
Estimate your workload
The number of reviews you do up to end of financial year can give you an estimate of the number of advice documents you may need to prepare. Providing this information to your paraplanner helps to ensure they have capacity to meet your needs, and helps you budget for costs to prepare the documents.
The Federal Budget is expected to be held on 29 March 2022. Check out the outcome and make sure you are aware of any incoming legislative or regulatory changes. Take the opportunity to bring forward any reviews for clients you know this might impact.
Why wait? Run reports for your clients
Why wait for the end of financial year rush when you can potentially boost your business now. Client reports can identify potential advice opportunities (e.g., surplus cash available for investment or contribution to Superannuation).
Now through mid-year is a great time to check in and make sure you are on track to meet your CPD requirements for the year.