Our Values as a Trusted Financial Adviser in Melbourne

If you are seeking a reliable Financial Adviser to help you retire on your terms, don’t just check out their values to ensure they are aligned with yours. Check that they are actually integrated into their planning process.

How do I know I can trust my Financial Adviser?

It’s very hard to know who you can and can’t trust with your finances. After all, your finances are the result of your many years of hard work and they determine your future.

To help start you off, we recommend taking note of the following 6 essentials for trusting a Financial Adviser:

Good core values
Strong credentials and educational background
Sound knowledge and experience with a credible history working in the field
A personalised service that goes above and beyond
Demonstrated outcomes and feedback from past and existing customers
A fair and transparent payment plan

Find out more about why the people of Melbourne are trusting Ilya Egorov.

Expert financial advice you can trust

Whether you are planning your retirement, managing your retirement or arranging finances for your family members to transition to residential aged care, Ilya has what it takes – experience, education, passion, honesty and integrity – to help you achieve your goals.

Values

Ilya demonstrates integrity, trustworthiness, competence, respect, commitment, and care in the work he delivers.

Payment plan

Ilya operates under a flat fee model (as opposed to a percentage fee) and offers flexible payment options, resulting in an affordable solution and greater value for you.

Sound knowledge

Ilya is a CERTIFIED FINANCIAL PLANNER^® Professional with a credible history of working in the field.

Personalised service

Ilya will go above and beyond for his clients, taking a fair, caring, and respectful approach to ensure optimised outcomes.

Demonstrated outcomes

Many of Ilya’s clients find peace of mind in the advice he provides, often resulting in reduced risk around their investment. This occurs because they feel more comfortable with preserving their hard-earned money later in life, as they reach retirement. Ilya enables his clients to live their lives to the fullest without worry.

Learn more about Ilya’s trusted independent financial adviser services.

What our clients say

Ilya is pleased to share the positive feedback he receives from those he’s helped with financial planning services in Melbourne.

      EXCELLENT  
   Based on 23 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   James Hawkins 
 
 
 
 Trustindex verifies that the original source of the review is Google. Ilya is one of the nicest and most warming people you're likely to met. Apart from that, he is also a true professional when its comes to planning your financial future. He is particularly spectacular in the aged care sector, knowing how to navigate the centrelink nightmare!! I would highly recommend Ilya and the team at Financial Balance.
  
 
      Posted on Google  
   
   Allison 
 
 
 
 Trustindex verifies that the original source of the review is Google. I am very happy that I engaged with Ilya after reading other positive reviews. He listened to my retirement and estate planning goals, and devised a strategy that incorporated the complexities of overseas beneficiaries and appropriate tax structuring. He is very good at explaining the advantages and disadvantages of various options, and I felt in control of making the final decisions about my finances. Thanks Ilya, I will continue to engage with you come retirement time!
  
 
      Posted on Google  
   
   Joe Wright 
 
 
 
 Trustindex verifies that the original source of the review is Google. I cannot recommend Ilya Egorov too highly for his services after my traumatic experiences in placing my wife of the last fifty years into residential aged care. In addition to the trauma there were seemingly horrendous costs. Egor patiently soothed my concerns and successfully negotiated with my investment funds, The Aged Care facility and Centrelink to arrive at a very acceptable position. I can only thank Ilya for both his professional but also for his understanding of my emotional state.  I could not have done without his services. Thank You Ilya Best Wishes Joe Wright ya
  
 
      Posted on Google  
   
   Michael Palmer 
 
 
 
 Trustindex verifies that the original source of the review is Google. Fin planner Ilya Egorov was recommended to wife and i from a friend to help validate our upcoming retirement plans, and review current setup to enable our desired income post retirement. We were very pleased with the one-off plan we received- it was informative, comprehensive, and accurately reflected our objectives. Ilya was very professional, has a bucket of experience and education, and on a personal note - caring, empathetic, has excellent listening skills and understands what we mean and want. Would absolutely recomend Ilya's professional service if you need a planner, he is excellent.
  
 
      Posted on Google  
   
   catherine gordon 
 
 
 
 Trustindex verifies that the original source of the review is Google. I can not thank Ilya enough for the support he has given our family during a very difficult time. My mother needed to be moved to an aged care facility and it is fair to say that we were not ready for this decision, emotionally or financially. Ilya was able to take the financial jigsaw pieces offered by my father and create a financial plan that will take care of my father, still living at home, and also for my mother in the aged care facility. His knowledge of financial products is vast and his ability to understand the Centrelink process is nothing short of miraculous.  Centrelink seems to have a language of its own and having Ilya breakdown all the forms and procedures was incredibly helpful at a time when we were dealing with hospital assessments and social workers. The respect and care that Ilya showed my father was for me the most important part of the process.  Dealing with complex issues   during emotional times is hard for anyone, it is especially hard to do in your 80s.  Ilya was so patient with my Dad and took the time to make sure that my dad was looking after himself. For me, it is possible to learn financial structures, but empathy can not be learnt.  It speaks to the kind of person that Ilya is that he can do both. I have no hesitation recommending Ilya- I know that you will be taken care of.
  
 
      Posted on Google  
   
   Lee-Ann Boyle 
 
 
 
 Trustindex verifies that the original source of the review is Google. I just can not thank Ilya enough, for the support and guidance he has offered as we embarked on the journey of sorting out my Dad's financial affairs prior to go into to aged care. He was so emphatic towards what we were going through as a family, and went above and beyond to make the complicated world of aged care straight forward.....taking this additional stress away. Always keeping us informed and speaking in plan language allowed us to be across both what what happening in the now and what needed to happen in the future for my Dad to have the best financial outcome. We are so grateful and I can not recommend Ilya and his services high enough.....thank you Ilya 🙂
  
 
      Posted on Google  
   
   anthony callea 
 
 
 
 Trustindex verifies that the original source of the review is Google. Thank you Ilya for all your help these past few weeks as my parents transitioned to an aged care facility.  It’s been a challenging time for the family navigating the various aspects. Quite daunting at times and your patience and professionalism was much appreciated. You opened our eyes to the many considerations we needed to take into account. Your approach was meticulous and your advice was very thorough. I highly recommend engaging Ilya with your financial planning.
  
 
      Posted on Google  
   
   Maddie M 
 
 
 
 Trustindex verifies that the original source of the review is Google. Our blended family engaged with Ilya from Financial Balance Group as we required financial advice and a financial plan for the varying needs of senior parents. We presented with a complex scenario with one parent entering aged care and one remaining in the marital home/residence. We wanted to ensure that both parents were cared for and that their financial needs were met. We required a plan that met the cost-of-living requirements of a couple living apart. Ilya was generous and equitable with his time, liaising and juggling the logistics of meeting with representatives of both families. Ilya presented an SOA and step by step plan, using assets, investments and restructuring of some assets to better fund and meet the different cost of living requirements of both parents, as well as providing direction and liaising with government departments to reinstate the appropriate rate of age pension. Ilya provided invaluable communications with government departments. I found Ilya a pleasure to deal with and I feel he showed integrity in dealing with a blended family. Thank you for helping us navigate the process and for an SOA that helps to meet the needs of both parents. If my future circumstances require the advice of a financial adviser, I would engage Ilya’s services again. Thank you Ilya for your generosity with time, dedication and professionalism
  
 
      Posted on Google  
   
   Tracey Peduto 
 
 
 
 Trustindex verifies that the original source of the review is Google. We have been with Ilya for many years even before he took up office at Financial Balance group, and in that time he has guided and supported us with our financial planning, enabling us to put money into our Superannuation and  commence salary sacrificing whilst still raising our family,.. we didn't even think that was possible at that time. Now in our later years Ilya is guiding us into Retirement, helping us with downsizing, and other financial concerns, also guiding and assisting us with the many application procedures to Centrelink for our Pension entitlements. Ilya is extremely dedicated, professional, trustworthy and reliable. We would not hesitate to refer Ilya Egorov to our family and friends for their financial planning needs. Thank you Ilya, we now have the piece of mind that our retirement will be comfortable and financially secure. Frank and Tracey.
  
 
      Posted on Google  
   
   Carolyn Foley 
 
 
 
 Trustindex verifies that the original source of the review is Google. I cannot thank ilyae enough. The knowledge he has around investments options short-term long-term was incredible he was able to put me at ease and communicate that I was making the right descions clearly throughout the whole process with clear evidence to back up my final decision making.Thank so much.
  
 
  
  
 
 
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FAQs

What is a trusted Financial Adviser?

A trusted Financial Adviser is someone who can help build a personalised, comprehensive retirement plan with you leveraging their knowledge of tax, superannuation, social security, investments and estate planning. To be trusted, they also need to exhibit the 6 core essentials that clearly show their abilities and integrity. And importantly, they need to have worked with real clients delivering real outcomes with demonstrated benefits.

How are Financial Advisers regulated in Australia?

A Financial Adviser must be licenced through an Australian financial services (AFS) licence to conduct a financial services business, which is regulated by ASIC. They must comply with the Corporations Act 2021 to be able to provide advice in relation to specific financial products, as well as the Financial Planners and Advisers Code of Ethics 2019, which establishes 12 high-level ethical standards for financial advisers to meet. There are also the education requirements for new and existing advisers, including a professional exam and specialised degrees and courses to ensure the appropriate training and ethical standards are met.

How are Financial Advisers registered in Australia?

Every Financial Adviser in Australia must be registered on the ASIC Financial Advisers Register, and either hold an Australian Financial Services Licence approved by ASIC or be licensed by an AFSL holder. AFSLs have regulatory duties and responsibilities to ensure that advisers comply with the law, maintain professional development, and that they report and deal with any misconduct appropriately.

How do you know if your Financial Adviser is trustworthy?

To know if your Financial Adviser is trustworthy, check that they have demonstrated the 6 core essentials that clearly show their abilities and integrity.

Meet one of Melbourne’s most trusted Financial Advisers

A trusted Financial Planner and Director of Financial Balance Group, Ilya Egorov specialises in helping people in Melbourne with their retirement planning and aged care financial advice.

Prior to establishing Financial Balance Group, Ilya gained a decade of experience working as a senior financial adviser at one of Australia’s big four banks. Now operating as a local small business owner, he’s developed his own values-based approach to retirement planning and aged care, becoming one of Melbourne’s most trusted Financial Advisers in retirement planning and aged care financial advice.

Success story

Trusted Financial Adviser restores financial confidence for a widow

Baryl saw Ilya a year after losing her husband of nearly 50 years. Up until this point, she hadn’t been involved in managing her finances, and has developed a deep-rooted anxiety about finances owing to her lack of confidence in the matter.

Having received a letter from Centrelink, stating that she had been overpaid and that her Centrelink debt was $7,500, Baryl contacted Ilya for advice. She wanted to prevent any future Centrelink debt and ensure she receives the right rate of age pension.

Together, Ilya and Baryl identified her near-term plans, and established how much income she needs – modelling a realistic projection of her assets, liabilities, income, social security payments and expenses. They secured her assets by reducing the investment risk in her default industry fund investments, which had a higher risk than was necessary for Beryl. And, taking advantage of peaked interest rates, they invested some funds into short-term guaranteed income, helping to protect capital against high inflation.

A financial nominee service has been provided to Beryl, so she didn’t have to liaise with Centrelink. And we updated her details and records to ensure future over-payments are avoided.

In addition, a tailored strategy we implemented saved Baryl over $36,000 for her estate, by reducing the potential superannuation death benefit tax, which would be withheld by the ATO if her super was to be paid to her daughters as a death benefit at the present time.

The advice to Baryl regarding the restructuring of her finances has left her reassured in her ability to live out her plans with the income she needs, knowing her money will last her for the rest of her life – as well as enabling some inheritance to be left to her two daughters.

This situation demonstrates how a trusted Adviser can help with your retirement strategy and restore your confidence in your future.

Do you need help with a comprehensive retirement plan? Are you arranging finances for your family member to go into Aged Care? Contact Ilya, your trusted Financial Adviser today.