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.
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 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:
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 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 insurance is paid as a lump sum upon diagnosis of an eligible condition (eg cancer, heart disease).
Advice and direction on Business Protection insurance including Business overheads insurance.
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.
Business succession planning
Advice and guidance on establishment of Business Succession Planning. In partnership with your legal counsel or one of our panel solicitors, we offer a comprehensive service that provides business partners an exit plan tailored to the individual’s and family needs.
Business Insurance Policy Ownership Structures that we can advise on;
- Self Ownership of each policy
- Cross Ownership of policies by partners
- Individual policies owned by each person’s discretionary trust
- Insurance Trust
Debt reduction strategies
Advice on debt consolidating strategies such as using under performing assets to reduce debt. Debt elimination strategies such as using your super to pay out the home loan where possible.
Developing appropriate tax effective investment strategies. Structures (ie. companies, trusts, superannuation and pension vehicles). Financial planning advice with regard to payments received upon redundancy or termination of employment. Retirement tax management including making maximum use of the available tax concessions including Spouse Contributions, Spouse Rebates and the Government Co-Contribution.
We offer a comprehensive Corporate Superannuation service - “The Team Financial Coaching Program” for company super fund requirements.
Covering for the company
- Advice and technical support
- Training and assistance with online clearing house facilities
- Ease of administration
- Education to payroll/HR team on use of the online contribution system
- Set up, ongoing management and administration of policy committee through annual review
- Support and communication to members
- Regular market updates (eg. budget releases and topical investment updates)
- Regular updates on compliance and statutory obligations
- Tailor the company super fund to meet the companies requirements
Cover for the employees
- Advice and support
- Communication for new employees - Benefit maximiser kits
- A team of financial planners & specialists to address members queries & requests
- Adequate and cost-effective insurance cover
- Claims and underwriting support and guidance
- Employee education seminars for the staff