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Our services
Process
Our methodology begins with a forensic review of your employment contract, the applicable Financial Services Award, and your employer's policies. We assess entitlements to redundancy pay, notice periods, and any bonuses or commissions owed upon termination. A critical technical step involves calculating your minimum legal entitlements under the National Employment Standards, which guarantee up to 16 weeks of redundancy pay based on years of service. We then develop a negotiation strategy, often securing settlements that are, on average, 20-40% above the initial employer offer. For complex cases involving misconduct allegations or restraint clauses, we prepare for litigation in the Fair Work Commission, meticulously building evidence to protect your career and financial interests, a process we also apply for professions like software engineers in our severance pay for software engineers service.
Local Considerations — Australia
Severance scenarios for financial advisors vary across Australia's economic hubs. In Sydney and Melbourne's competitive finance sectors, disputes often involve high-value bonuses, client non-solicitation clauses, and fiduciary duty allegations. In Perth or Brisbane, where the market may be smaller, termination can more significantly impact an advisor's local reputation, making confidential settlement crucial. Our national practice adapts to these regional legal landscapes and court jurisdictions. We understand the specific pressures within major banking institutions in Sydney versus independent advisory firms in Adelaide, ensuring our strategy is tailored to the local employment market and judicial tendencies, providing robust representation for advisors in Sydney and across the country.
At a Glance
| Parameter | Reference Value |
|---|---|
| Typical Project Timeline | 4-8 weeks |
| Common Notice Period (Years of Service) | 1-4 weeks |
| Redundancy Pay Entitlement (Max) | 16 weeks' pay |
| Unfair Dismissal Claim Period | 21 days from termination |
Standards & Compliance
- Fair Work Act 2009
- National Employment Standards (NES)
- Financial Services Award 2020
- Corporations Act 2001 (fiduciary duties)
Request a Quote
Our team reviews your project and issues an initial report at no cost.
Or write us directly at info@employmentlawyer24.com
Frequently Asked Questions
What is typically included in a severance package for a financial advisor?
A comprehensive package includes owed wages, accrued leave, payment in lieu of notice, redundancy pay as per the NES, and often a negotiated ex-gratia payment. It must also address the return of company property, confidentiality, and the specific terms of any post-employment restraints.
Can I challenge a termination if misconduct is alleged?
Yes. An allegation does not equate to proven misconduct. We rigorously examine the evidence, procedural fairness, and whether the employer's response was proportionate. We defend against unjust dismissals and negotiate to protect your reputation and entitlements.
How long does a severance negotiation or claim usually take?
Most negotiated settlements are concluded within 4-8 weeks. If an unfair dismissal application is filed with the Fair Work Commission, the process is designed to be swift, with conciliation typically occurring within 10-14 weeks of filing.
How much does severance pay advice for financial advisors in Australia cost?
Costs depend on case complexity, negotiation duration, and whether litigation is required. Each listed firm offers initial assessments and can work on a fixed-fee or hourly basis for negotiations. For precise budgeting, we recommend requesting a specific cost agreement after reviewing your circumstances.