Might be a bit of a controversial opinion but do you really need...

Might be a bit of a controversial opinion but do you really need to pay someone for financial advice if you have common sense/a reasonable temperament and are prepared to do the research? If you want to go conservative they are most likely going to put you in the same shares you could discover yourself if you looked into it. A cheaper option might be signing up for a couple of research sites based on long term investing (e.g Morningstar) which will help you educate yourself at the same time as giving guidance and recommendations. If I had to pick 5 stocks (once again skewing ultra conservative) I would pick a couple of diversified LICs (could even go with a global one to switch it up further) along with a conglomerate like a Wesfarmers or a SOL and then maybe a health care stock (e.g Ramsey) and a property trust (Rural Fund would be a good one to look at here) or infrastructure play (of which TCL is the clear standout but Sydney Airport could also be good). Should get an average yield of about 3.5-4 percent to start with and decent prospects of growth over time. Purely my hypothetical thoughts.