The first client meeting - at no charge or obligation – is used to review your current financial situation and to determine what you would like to achieve. We also discuss how we can help via reviewing the following strategies, and we also discuss the cost to build a strategic plan.
Key strategies may cover the following:
- Managing your assets to build a strong asset base. We seek to develop a quality investment portfolio that will preserve capital, and provide reliable and regular income and capital growth over meaningful time frames.
- Structuring assets according to your family situation and life stage to ensure they are tax efficient
- Ensuring your current superannuation matches you goals and objectives
- A review of your insurance to protect your income and investments
- Assessing options to manage or pay down debt
- Estate planning - it’s critical to have a Will if you have family or dependents
- Business planning including investment/business structure, business insurance and succession planning
- The need to plan for aged care given it can be challenging to plan, both financially and emotionally, for the move into an aged care facility.
- The potential to consider financial assistance for children/family– A very topical area for many of our clients is how they can offer financial support to children, specifically in relation to assisting them to buy their first home or an investment property.
Customised Service Solution
Our aim is to manage and provide a highly customised and unique service to support your family’s longer-term wealth management and lifestyle aspirations whilst seeking to maximise investment returns and support family values and legacies.
| Ultimately, the Customised Service Solution will be designed to meet the unique needs of your family to ensure that your wealth management goals are fully met, your capital is preserved for the longer-term benefit of your family, and harmony is maintained amongst family members. |
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Each CSS is unique reflecting the needs and aspirations of the family for whom it is established. This service enables the private financial affairs and capital of a family to be managed across the full range of investments including direct property, private equity and business interests. Recognising that your family’s situation can and will change, we take the time to understand and recommend only those investments that are true to your family’s value based investment philosophy.
We can also provide guidance on structuring or advancing your family’s philanthropic pursuits.
Importantly, your family has access to a dedicated client service team that is accessible and understands the family’s longer-term aims and financial affairs. At the same time, we are also able to draw on our extensive network of ‘”best in class” professionals to provide further technical guidance as required.
Wealth creation
Wealth creation is about building financial security now so you can focus on enjoying your lifestyle in the future. Choosing where and how to invest your money is a difficult decision and will depend on many factors including your overall investment objectives, approach to investment risk and the amount of time you have to invest.
We can help define your personal situation and recommend financial solutions and strategies to help you reach your financial goals.
Whether you are investing to finance your business, lifestyle, private education or provide for your retirement, it's never too late to take control.
Retirement planning
Planning for retirement is one of life's most important financial considerations. The actions you take today will determine your lifestyle in the future.
Superannuation is one of the most tax-effective long-term retirement savings vehicles, however it can be difficult to keep up with changing rules and regulations. We can explain the rules and provide you with strategies to help you maximise your retirement savings.
Risk insurance
Risk insurance forms a critical part of the financial planning process. It provides you with protection against the financial implications of an event such as death, disablement, serious illness or injury.
There are a range of insurance options available that we can tailor to suit your needs and personal situation. The most common types of risk insurance include:
Income protection
In the event that you suffer an illness or injury and are unable to work, income protection provides you with a monthly benefit of up to 75 per cent of your salary.
Life Insurance
Life insurance helps alleviate the financial burden your family may be left with after your death. This is paid as a lump sum to your nominated beneficiaries to assist with medical costs, funeral expenses and help maintain your family’s lifestyle.
Total and permanent disability (TPD)
This provides a lump sum in the event of a total and permanent disability that prevents you from ever returning to work.
Trauma
Trauma insurance is paid as a lump sum upon diagnosis of an eligible condition (eg cancer, heart disease).
Self-managed super funds
Self-managed super funds (SMSF) gives you control of how your superannuation benefits are invested, operated and managed. SMSFs allow you to invest in a range of assets such as shares, managed funds, term deposits, property, art and collectables. You also have the option to borrow to purchase property and shares.
While SMSFs are a compelling structure for those who want full decision making capabilities, having your own fund can generate a mountain of paperwork, such as looking after the establishment, asset administration, super administration, investment strategy and end of year financials.
As well as assist you with the establishment of an SMSF, we provide you with ongoing strategy, investment, insurance and estate planning advice for your SMSF and can provide assistance to other superannuation professionals in relation to asset administration, super administration and end of year financials.