ABOUT DIAMOND FINANCIAL
"When I went to school, they asked me what I wanted to be when I grew up. I wrote down 'happy'. They told me I didn't understand the assignment, and I told them that they didn't understand life."
John Lennon
ABOUT OUR PRINCIPAL
Melissa Gilbert
CFP®, B.A (Econs), Dip FP
OUR SERVICES
Amidst the uncertainty of global markets, constant alterations to the economic environment and local industry change, you will find that good financial advice is critical for financial stability and growth.
Increasingly complex tax structures and the responsibility of retirement planning shifting to the individual, is creating an ever growing need to maximise the value of your hard earned money.
Financial planning advice helps you to make sound financial decisions with confidence.
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CONTACT
DIAMOND FINANCIAL SERVICES
Charter Financial Planning Limited ABN 35 002 976 294
Australian Financial Services Licensee Licence number 234665
Principal Address: 750 Collins Street PO Box 2830 Melbourne Victoria 3001
Financial Services & Credit Guide | Legal Disclaimer
General Advice Warning: The information contained on this website is general in nature and provided in good faith. While the contents are obtained from various sources that are deemed reliable, it is not guaranteed as accurate or complete and should not be relied upon as such. It is recommended that you seek independent, professional advice before implementing any of the suggestions to ensure that it is appropriate to your needs and circumstances.
Our Process
Diamond Financial Solutions takes a very personal approach to Financial Planning. Generally there are 5 steps in the financial planning process, however the required stages suited for each client may not follow those outlined below:
Step 1: Understanding Financial Planning
The role of our Advisers is to help you achieve your financial goals. As part of the financial planning process it is important that you understand the significance of lifestyle financial planning. We will assist you to clarify your lifestyle and financial goals thus making them easier to achieve.
Step 2: Initial Meeting
At your first consultation, we will discuss your personal and financial objectives and answer any questions you may have about our services, or fee structure. With an understanding of your goals your Financial Adviser will collect information in order to develop a financial plan so that we can begin working towards the achievement of those goals.
Step 3: Your Financial Plan
One of our experienced Financial Advisers will prepare a financial plan designed to achieve your lifestyle and financial goals. The plan will set out the strategies that have been specifically designed to help you achieve your financial goals and objectives based on sophisticated financial modeling tools and your tolerance to risk.
Step 4: Implementation of your Financial Plan
Once you are comfortable with your financial plan and the recommendations, we will complete the necessary paperwork with you and schedule the required actions for implementation. At this stage we will agree on an appropriate ongoing review and reporting service that is suitable for you.
Step 5: Keeping track of your financial performance
Monitoring and reviewing your portfolio will largely determine its success. We will track the performance of your financial plan and inform you of its progress on a regular basis. We will also continue to work with you to ensure that your ongoing changing needs and circumstances are met.
Also included is access to our calculating tools to assist in the preparation of your plan including:
- Take our quiz called "Am I Wealthy?" from the book 'Millionaire Next Door'
- Find out where you are on the financial services chart
- Fill in the Budget Expense Calculation to find out your yearly expenses
- The Wheel of Life by Anthony Robbins
Retirement Planning
Retiring on your own terms is not always easy to achieve, however it is evident that those who plan for retirement are more likely to do so. Results also show that obtaining professional help during the pre-retirement years further improves the probability of attaining your retirement objectives.
The earlier you start implementing a plan the better the outcomes.
During one’s working life there is always an income to make ends meet when raising children, paying off a mortgage, and myriad other lifestyle costs.
Retirement planning is about the lifestyle you will have after you stop work and receiving employment income. Planning focuses on issues such as how much superannuation is enough, taking a super pension, claiming the Age Pension, making superannuation contributions while receiving a pension from a super fund, estate planning and looking after your family.
Planning properly is becoming even more important now we are expected to live longer. This greater need means that professional help has never been more important as well.
At Diamond Financial Services we will provide the time and expertise needed to help you implement the best financial strategy possible. Contact us today to discuss how we can work together.
Wealth Accumulation
Wealth creation takes time and planning. Of course there are the lucky ones who just seem to become wealthy. However, for the rest of us it requires planning, dedication, and time – the more time the better. On the other hand, we have to live and that costs a lot of what we earn. The cost of life means most delay planning to develop their wealth until well into their adult years which, unfortunately, leaves them with too much to do in too short a time if they’re to attain their financial goals.
Many don’t attain these goals but seeking professional help early on in your life journey is where to start. The longer this help is available then all the better for covering short term needs such as school fees and holidays, medium term goals such as paying off a mortgage, while always keeping your eye on the long term goals that will help you enjoy a quality retirement.
At Diamond Financial Services we will provide the time and expertise needed to help you implement the best financial strategy possible. Contact us today to discuss how we can work together.
Investment Management
Investing your hard earned savings can be complex to manage and benefit from. There are many issues such as levels of risk, market timing, asset classes, and your own goals, objectives and preferences that need to be considered. Even getting started is difficult but this is where we have the time and expertise to help you.
Even after initial investments are made there are important issues that need to be addressed such as monitoring, buy/sell decisions, tax considerations, and when to take a loss or profit. In addition, there is a huge amount of investment information and spruiking that can easily lead you in the wrong direction with unwanted consequences.
Market volatility simply makes the situation harder and can often lead investors into emotive and rushed decisions.
Having a proper investment plan is very important and the sooner you implement it the sooner you can grow your wealth. We can help you develop a financial plan and provide advice that will help overcome the issues raised above.
At Diamond Financial Services we will provide the time and expertise needed to help you implement the best financial strategy possible. Contact us today to discuss how we can work together.
Superannuation
Superannuation is mandatory but taking an early and active interest in it is critical to ensuring the benefits it can offer are maximised by the time you retire. Many will have a superannuation scheme through employment but increasing numbers are starting their own Self Managed Super Fund (SMSF).
However, for many, simply relying on employer contributions may not be enough and you may need to look at strategies such as additional contributions or salary sacrifice. Older Australians will need to focus even more on their superannuation strategies because most came to this form of saving later in life.
It is always best to start saving and planning for your retirement as early as you can.
At Diamond Financial Services, we will provide the time and expertise needed to help you implement the best financial strategy possible. Contact us today to discuss how we can work together.
Insurance
Insurance isn’t just a cost, though it often feels like it. You buy peace-of-mind that should a serious issue effect you then the consequences won’t unduly affect your family. Insurance provides you with the ability to manage the financial and emotional impact of some of the more drastic surprises, whether personally or in your small business.
Insurance can’t replace a loved one but it can help reduce the financial burden by providing the capital to ensure your family has choices.
A yes to any of the following questions means you have a need for insurance coverage. However, many Australians are underinsured and the consequences can be very serious for families should there be a death or serious injury.
- Do you have a mortgage?
- Do you have school fees?
- Do you have any personal loans?
- Do you have any credit card debt?
- Do you have dependents?
- Would your financial position be affected if you were to suffer from an illness or injury?
- Do you want to have enough capital to look after your dependents if you were unable to care for them for an extended period of time or perhaps indefinitely?
We understand that it can be difficult determining the type and level of cover you might need, let alone choosing an insurer. We can assist by helping you determine your needs and recommend an insurer that is right for you. Contact us today to discuss how we can work together.
Taxation Strategies
With the ever growing complexity of tax legislation and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation requires professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.
At Diamond Financial, we work closely with our clients to gain a complete understanding of their business and taxation affairs. Through our proactive approach we aim to deliver consistent services built upon solid relationships allowing our clients to focus on the day to day running and long term growth of their business.
At Diamond Financial, we offer a full range of taxation services. Our team is highly credentialed with a wealth of practical experience in many facets of taxation, from individuals through trusts and companies. We accommodate for all tax compliance matters including, but not limited to, Income Tax, Goods & Services, Capital Gains and Fringe Benefits Tax. Moreover, through preparation and understanding, our specialised staff are able to undertake a full review of your affairs and provide efficient and effective taxation planning advice.
We will provide the time and expertise needed to help you process your tax return effectively and efficiently. Contact us today to discuss how we can work together this tax season.
Our Process
Legal Disclaimer
Information provided on this website is general in nature and does not constitute financial advice.
Diamond Financial Solutions will endeavour to update the website as needed. However, information can change without notice and Diamond Financial Solutions does not guarantee the accuracy of information on the website, including information provided by third parties, at any particular time.
Every effort has been made to ensure that the information provided is accurate. Individuals must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult a financial planner to take into account your particular investment objectives, financial situation and individual needs.
Diamond Financial Solutions does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded, Charter Financial Planning, its employees do not accept any liability for any error or omission on this web site or for any resulting loss or damage suffered by the recipient or any other person.
Unless otherwise specified, copyright of information provided on this website is owned by Diamond Financial Solutions. You may not alter or modify this information in any way, including the removal of this copyright notice.