Creating a financial plan is an important step, but financial planning doesn't necessarily finish once your strategy is in place.
Why? Because life keeps changing.
Your income may increase. You might change jobs, buy a home, receive an inheritance, start a family or begin thinking seriously about retirement.
Your financial strategy may need to evolve too.
Your circumstances change
A strategy that suited you five years ago may not suit your life today.
Regular reviews create an opportunity to revisit your goals and consider whether your existing strategy continues to support them.
Rules can change
Superannuation and tax settings can also change over time.
A good example is Australia's super system. From 1 July 2026, the general concessional contributions cap increased from $30,000 to $32,500.
Changes like this can create reasons to revisit strategies previously put in place.
Markets move
Investment markets rise and fall. Your portfolio may change over time, and so may your tolerance for risk.
Reviewing your investment strategy can help keep it aligned with your circumstances, time horizon and objectives.
Your goals evolve
What mattered to you at 35 might look very different at 50 or 60.
Ongoing advice provides an opportunity to keep asking:
Are my goals still the same?
Am I progressing towards them?
Has anything materially changed?
Does my strategy still suit me?
Financial planning is a journey
Think of your financial plan as a roadmap. Your destination may stay the same, but road conditions and your circumstances can change along the way.
Ongoing advice is about keeping the strategy relevant as life unfolds.
General information only.
