Terms starting with: F
Also known as the income year runs from 1st July through to 30 June.
The process a financial planner follows to understand each client’s different needs and financial objectives and to recommend an appropriate strategy. There is an established six step financial planning process which all professional advisers follow with every new client: 1. Gather financial information about the client 2. Identify financial and lifestyle goals 3. Identify any financial issues 4. Prepare a financial plan 5. Implement the plan 6. Review and revise the plan at regular intervals, or when circumstances change.
Financial Planning Association
FPA is the peak professional body for financial planning in Australia. The FPA has an office in each capital city and a network of 31 Chapters across the country, which provides a focus for business networking and professional development activities for more than 12,000 members. FPA practitioner members manage the financial affairs of more than 5 million Australians whose investments are valued at $630 billion.
Also known as the income year runs from 1 July through to 30 June.
Expenses that remains the same, week after week, or month after month.
Fixed interest rate (loan)
Where interest is paid at a constant rate over the term of a loan.
Fixed Interest (Investment)
Referring to income which remains constant and does not fluctuate, such as income derived from bonds, annuities and preference shares. Any debt security which has a fixed flow of income is known as a fixed interest security.
Agreement to buy or sell a set number of shares of a specific stock in a designated future month at a price agreed upon today by the buyer and seller. The contracts themselves are traded on the futures market. A futures contract differs from an option because an option is the right to buy or sell, while a futures contract is the promise to actually make a transaction. A future is part of a class of securities called derivatives, so named because such securities derive their value from the worth of an underlying investment.