Investing can build enough wealth to provide financial security and a comfortable lifestyle but it can be complex and there are many options to choose from, so it is important that you have the right professional advice.
It’s often said that you cannot meet your goals without a plan and your finances are no different. Formulating a financial plan with your financial adviser can provide you with direction and a disciplined approach.
Many people find it easier to identify goals with a five year plan such as buying a bigger home, acquiring an investment property or saving for your children’s education. Long-term goals of more than five years may be less precise but should be reviewed regularly to respond to changing markets, government legislation and your own personal situation.
When we meet to find out more about your goals and life stage, we will establish your risk profile. We will look at your present financial position, including your total assets and debts. Your career plans will also be considered. In particular, how long you wish to work. This is so we can estimate your future income and savings potential.
We will suggest different strategies and investments that meet your needs. For example, superannuation may suit someone wishing to minimise their long term tax liability, but if you are seeking high growth over a long period and are comfortable taking on more risk, you might consider a geared investment. We will also look at how you can use insurance to help protect your loved ones and your way of life in case of unexpected events.