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PERSONAL FINANCIAL PLANNING

One of the central plinths to our business is creating a financial plan. It involves the financial mapping of a client’s short, medium and longer term needs and our review of current circumstances in order to ensure wealth is created and protected, and capable of supporting clients over their lifetimes and beyond. Our processes provide guidance, discipline and leadership, personalised to you and your stage of wealth accumulation.

We encourage clients to contemplate their goals and objectives and to use us as a sounding board to refine these. Between us we establish a financial road map that leads to a balanced approach to wealth accumulation – living for today but also squirreling away for tomorrow. The financial plan include considerations such as an analysis of your current investment risk and your appetite for risk, your cashflow management, asset and estate planning, and of course how taxes and fees affect you.

A financial plan and its core investment strategy recommendations must more than anything, set out to deliver to the needs of the client. Those needs are flushed out through healthy discussion and feedback from our advisers with regard to education and understanding of markets, typical retirement expense patterns and needs of the greater family.

As we plan ahead one certainty that we all face is that of change. Any planning process needs to be able to factor in new variables, altered personal circumstances and the impact of health issues. We remodel your expectations and longer term strategy and treat this as an evolving need, ensuring as best we can that you remain on track to maintain financial independence throughout retirement.

The 'Investment Policy Statement'
Prudent investment practice demands that a suitable framework is applied to all investment decisions. The ‘Investment Policy Statement’ (IPS) is a set of rules to which we, as advisers, adhere religiously. It is the structure which by working within lessens risk and focuses on perhaps the key client expectation and demand – that investment capital is preserved.

This investment approach is particularly suited to trustees where they are often obligated to contract out the responsibility for portfolio management. By establishing the IPS at the outset this can be the basis of seeking proposals from prospective portfolio managers, and the basis of future measurement of performance and compliance on an ongoing basis.

Taxes & Fees
Costs within a portfolio can have a very influential impact on overall performance. Costs take two forms – the taxes investors pay on income and possibly capital gains, and the fees paid to providers of the investment services. Being tax and fee-efficient within a portfolio then is essential.

Our investment offerings combine the use of PIEs (Portfolio Investment Entities) and AUTs (Australian Unit Trusts) depending upon the investment solution being adopted.  PIEs have the advantage that they are tax-paid entities with a maximum tax rate of 28%. AUTs fully distribute their net income each year with no taxes deducted at source; an individual investor therefore can fully utilise their lower tax rates. Taxes then are typically payable at an investor’s marginal tax rate ensuring that all marginal tax opportunities are utilised.