Main Street Financial Solutions would normally prepare a Statement of Advice on your behalf which sets out in writing the strategic advice for you together with any investment or insurance recommendations. In preparing these documents we would normally contact your accountant, lawyer, existing insurance providers, investment managers and any other relevant party to ensure that we have a complete overview of your situation before proceeding.
The fee for preparing the Statement of Advice will vary depending on the scope and complexity of the advice required. However as a general guide the fee for preparing a Statement of Advice together with the associated meetings would usually be between $5,500 and $7,700 depending on the circumstances
Prior to undertaking any work on your behalf we will send you a Terms of Engagement letter which sets out the issues we will cover the cost involved. After receiving written approval from you, we would then prepare the Statement of Advice for you. It is important to note that there may be a number of meetings prior to being in a position to present the Statement of Advice to you.