Holistic Wealth Management

The secret to wealth creation and preservation is in saving, investing and utilising different types of financial products and strategies by experienced professionals for you.

Wealth Management is extremely time consuming and requires knowledge in various fields. If you do not have the knowledge nor time, then it is prudent to outsource this to professionals to manage it for you. The way professionals manage your wealth will depend on a number of factors (see below) which will influence the wealth-generating and preservation process. Most importantly, when professionals devise a plan is to integrate ‘your’ financial goals into a personalised strategy that can grow and adjust if your needs and objectives change.

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Some of the factors to consider:

• Flexibility: Today, the world moves amazingly fast, unexpected events occur frequently and as such people’s present & future plans can change instantly! Therefore, it is important when managing wealth is to have an approach that can adjust to new circumstances.
• Risk: The amount of risk an investor is prepared to take, or the risk of one not being around anymore. Risk is an unavoidable part of life and any investment process. In investments, risk can be controlled (never eliminated) by carefully diversifying one’s investment into different non-correlated assets and in life, some Risks can be insured!
• Asset allocation: monies can be invested in various types of stocks and shares, different kind of bonds, properties in various forms, alternative investments, physical commodities, private equity and so on. All of the asset classes have a role to play and which one the manager invests in will depend on the underlined goals of the portfolio. I.e. Growth or Income producing portfolios, from low to high risk and so on.
• Inflation: To work hard for our client’s investments to maintain real value.

Benjamin Franklin said there were only two things certain in life: death and taxes. The death part comes under our Estate Planning services and here we show our valued clients how to transfer wealth to the next generation and the use of Insurance and Trust products for protection. With regards to taxes, where possible and if suitable, we try to minimise the effects of taxation on investments by recommending various types of products/assets.

To learn more, we invite you to contact us to discover who we are and our approach to Wealth Management.

Family Protection

EVERY HOME SHOULD HAVE ONE EACH!

No one wants insurance until they need it. But by then, it is too late!

Start planning today for tomorrow!

After all, you insure your car, home and even bicycles! Why not ensure your pay packet & look after your family!

The different types of insurances you can include in your Family Protection Plan:

• Life Insurance
  Protects your loved ones financially should the unforeseen happen!
• Income Protection Insurance
  Just in case your pay packet stops (but bills continue) due to ill health or accident!
• Critical Illness Insurance
  When the unexpected happens and time off work is needed!
• Total Permanent Disability
  When the devastating happens and money is required for a better quality of life.

Financial Independence

When other advisers talk about retirement, we talk about Financial Independence. The reason for this is that the word retirement means just that! Stop work at an old age! Not everyone wants this. Hence, the reason our main objective with our clients is to show them how to become Financially Independent at their desired age. Once you become Independent, then you have the choices and can choose what you wish to do with your life. Continue full time, part-time or stop working completely, the choice is yours!

To achieve future financial independence there are various vehicles and strategies available through our holistic wealth management approach. One of the more tax-efficient strategies is through investing in superannuation. Even though the capital is generally not available until your preservation age, they play an important role in Australia due to it being a $2.7 trillion (2019) industry. So, regardless if you are in your 20’s to 60’s and beyond, it is a great way to build your nest egg tax-efficiently! With a good investment strategy and the power of compound interest, building your golden nest egg is achievable.

Once you have accumulated your wealth then adjustments are usually required to turn the capital to generate a certain amount of income. We take a number of factors into consideration to achieve this and constantly focus on new strategies to ensure our clients enjoy their mature years with peace of mind.

There are various types of superannuation vehicles and the one right for you will depend on your individual circumstances.

The main types are:

• Public Sector Funds
• Corporate Super Funds
• Industry Superannuation Funds
• Retail Super Funds
• Self-Managed Super Funds (Provides the widest range of investments) and other Small APRA Funds.

Our expert knowledge in the superannuation field will help you craft a strategy and help you choose a vehicle that is best suited for you. All schemes have various benefits, amount of control you wish to have and what you wish to invest in.

With regards to Self-Managed Super Fund’s (SMSF) the company founder is a Specialist Advisor via the SMSF Association and is able to provide advice on the suitability. It is not right for everyone, even though it can offer many benefits that other super funds cannot.

Some of the ‘Real’ advantages of an SMSF are the ability to:

• Have your families superannuation combined in one
• Invest in specific investments from a wide range of assets
• invest according to your specialist knowledge
• rely on the expertise or our professional advice.
• Deferring the payment of ‘contribution tax’
• Reduced costs for larger SMSF’s
• Have greater flexibility and control
• Purchase property and be able to borrow
• Acquire business real property from the members
• Tailor estate planning by utilising a specific SMSF Will.

The disadvantages of having your own SMSF is that there are potential pitfalls in establishing and running one. The ATO has a number of excellent short videos to browse through. Please click here: https://www.ato.gov.au/Super/Self-managed-super-funds/In-detail/SMSF-resources/SMSF-videos/

Our specialist advisor can guide you through the pros’ and con’s and help you decide if an SMSF is right for you. If not, then another type of super accounts might be able to do the job to help you reach financial independence.

Start planning today for tomorrow and contact us.

Australian Expatriate Advice

If you are currently an ex-pat or are departing Australia to go overseas either temporarily or permanently, or entering Australia from another country then this is the right place for you, and we show how we may be of assistance to you.

The company founder has been ex-pat himself for most of his working life as a Financial Planner and worked in Australia, UK and the Middle East and has personally experienced the ex-pat life and the tax and other consequences of moving from and back to Australia.

It can get quite complicated due to the different tax rules for non-resident and residents, foreign pensions are treated differently in tax terms, insurances might not be valid anymore and the list goes on and on.

We, along with our partners at Lifespan Financial Planning, are able to offer the following services:

• Financial Independence strategies
• Wealth Management strategies
• Superannuation advice
• Various Insurance strategies
• Estate planning
• Tax planning strategies

We achieve our goals by following the 6 Steps to Sound Advice

Personal experience counts and the reason to contact us for further information!

Some useful information can be found on the ATO website such as: Determining your residency for tax purposes.

Estate Planning & Asset Protection

What is Estate Planning?

Estate planning is a strategy to help clients manage the transfer of their assets/wealth to their loved ones. While a professionally written Will forms part of that strategy, it is only one part of it! Also, some assets that a client controls via super accounts and other trust formations will not even form part of their estate and some assets will be classed as non-estate assets! It can get quite complicated for a novice and the important reason to talk to a qualified financial planner who will act as a lead adviser to help its clients plan a ‘unique and personalised’ strategy by working along with qualified accountants, solicitors and other professional advisers.

Plus:

• Estate Planning is not only relevant after death. It is also relevant in the event if the person loses their physical or mental capacity to make financial decisions with regard to their assets.
• Where possible, it also covers strategies to protect assets and to reduce or eliminate any tax payable on the income that the assets generate.
• It is about control. Estate planning can nominate who controls the assets and when.
• It can also be used to ensure that only bloodline/lineage can benefit.
• About protecting beneficiary’s entitlement from possible legal proceedings such as bankruptcy or family breakups.

What is Asset Protection?

Asset Protection is a perfect strategy for any professional, business owner and anyone with assets in their own name that may be subject to being sued or who may have their estate challenged under the Family Provisions Act by children, grandchildren, former spouses or family who believe they are entitled to a portion of the estate if left out.

The strategy and documentation are set out by qualified lawyers and it involves the use of a set of gifts, loan backs and assets plus bloodline/lineage protective trusts.

Why use us as the Lead Adviser?

The most important aspect of Estate & Asset Protection Planning is “planning”. Here financial planners exceed at it!

Useful Links

General Calculators

Please enjoy the links to these free tools supplied by MoneySmart - a great resource for general financial information. Please get in touch if you would like to discuss any questions that you may have as a result of using these calculators.