Episode Details

For a lot of people, working with a financial adviser feels intimidating. Do I need advice? Am I "bad with money"? What actually happens?

In this episode of Money & a Good Life, Steph and Ryan sit down with Rachael Holder Tribeca Adviser with psychology training and behavioural finance expertise to demystify the process.

Rachael walks through the first three months of working with an adviser, explaining what happens, why it matters, and how it transforms your finances and wellbeing.

If you've ever wondered what good financial advice should feel like, this conversation provides the roadmap, from building foundations to creating your plan to establishing the ongoing partnership where real transformation happens.

What we talk about:

• When financial advice makes sense for your situation
• Why people who think they're "terrible with money" usually aren't
• Why advisers start with your story before numbers
• Exploring values, family situation, money mindset, hopes and fears
• How women carry guilt or feel behind and how to reframe it
• Providing clarity and reducing the emotional load around money
• Uncovering short, medium, and long-term goals
• The "what does a good life look like for you?" conversation
• What information and documents you'll need to provide
• Turning insights into actionable strategies
• Why technical skill and trust both matter
• What it means for advisers to act in your best interests
• How regulation protects clients
• Using cashflow modelling to visualise your future
• What clients discover when advisers "look under the bonnet"
• Tailoring strategies to your capacity and comfort with risk
• What a Statement of Advice (SoA) is and why it matters
• How the relationship evolves after the plan is in place
• Why real transformation happens after the first few months
• Managing decisions as they arise, school fees, redundancy, health events
• The role of accountability and emotional support
• Navigating difficult topics like wills and estate planning
• Why years 1-3 build foundations and years 4+ deliver compounding benefits

This episode removes the nervousness around the unknowns of engaging with an adviser and shows what good advice should feel like, both the qualitative side and the quantitative side.

Here's to your Good Life. And thanks for listening.

Find us at www.tribecafinancial.com.au

Our guest:

Rachael Holder, 

Connect with Rachael on LinkedIn

Learn more about Rachael here

Our hosts:  

Ryan Watson, CEO, Tribeca Financial  

Connect with Ryan on LinkedIn 

Stephanie Coombes, podcast expert and media strategist  

Connect with Steph on LinkedIn

Tribeca Collective Pty Ltd, ABN 54 604 005 209 trading as Tribeca Financial has been appointed as a Corporate Authorised Representative (CAR No.1008603) of My Dedicated Advisory. My Good Life ® is a registered trademark of Tribeca Collective Pty Ltd.  

Advice given in this podcast is general in nature and is not intended to influence decisions about investing or financial products. Our listeners should always seek their own professional advice that considers their own personal circumstances before making any financial decisions.  

Tribeca Financial acknowledges the Traditional Owners of Country throughout Australia, and we pay our respects to Elders past and present.