Whilst investments may be an aspect of achieving your goals, they are only a small part of the pathway to financial security. Understanding your strategy to becoming debt-free is equally as important as minimising tax and maximising superannuation contributions.
A qualified financial adviser helps clients achieve this by creating tailored plans to help build, manage, and protect wealth. Their role includes providing legally regulated advice on superannuation, retirement planning, investment selection and management, taxation strategies, estate planning, and personal insurance (including Life Insurance).
The primary goal is to achieve a comfortable retirement based on your desired lifestyle.
If you were sick, wouldn’t you seek the advice of a doctor?
Likewise, if your finances are struggling to achieve financial security, you must seek professional help to correct that failure and mitigate future risk.
Price Financial Intelligence is your leading local financial planner near you. We are situated in Thornleigh in Sydney’s Northwest, very convenient to Hornsby, Castle Hill, and nearby suburbs. We have a large number of clients in every Australian state as well as Australians living internationally, including but not limited to Cairo, The Hague, Hong Kong, Shanghai, and San Diego.
We’d love to welcome you as a client. For further information or to have questions about financial planning answered, please call William directly on (02) 9875 2444.
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What is our role as your financial adviser? How do we select appropriate investments for your portfolio? Our investment committee selects several stocks based on their consistent past performance, their underlying investments, and the reliability of the dividends over many years. What is a Dividend Aristocrat? Dividend Aristocrats are the...
It’s a good idea to begin formulating and formally building a retirement strategy at least 5-10 years before you intend to retire. The sooner the better, in terms of availing of compound interest to its maximum benefit. From your 20s and 30s, however, you should focus on building positive financial habits, such as paying down debt, consolidating your superannuation, and seeking advice regarding savvy investment strategies.
While this can be very individualised, maximising retirement income for most people involves maximising superannuation contributions (via tax-advantageous strategies), consolidating accounts, diversifying investments, minimising tax, reducing assessable assets, and optimising the Aged Pension as appropriate. It may include a Transition-to-Retirement (TTR) pension to draw income from your super while you continue working, and even asset-splitting to help preserve pension entitlements if you have a younger spouse.
While you may manage your investment portfolio and associated activities yourself, especially if you are building a simple, long-term portfolio, it’s a good idea to use a professional adviser when you’re nearing retirement/retirement planning, if you have complex taxation, or you are navigating major life events such as receiving an inheritance, marrying or divorcing, or having a child. It is also advisable if market volatility causes you stress or anxiety, as a professional serves as a valuable and objective buffer in these circumstances.
Diversification is a risk-management strategy where “all eggs are not in one basket”. Investments are spread across an array of assets and asset classes, industries, and regions. This strives to deliver a resilient portfolio that is not vulnerable to the impact of any single investment should its performance be poor. Investments can be spread across stocks, real estate, cash, or bonds; capital is allocated across sectors such as energy, technology, financials, and healthcare, and in both domestic and international markets. This strategy tends to deliver smoother, more consistent returns and cushions the overall portfolio against market dips.
Salary sacrificing means trading a percentage of your salary for pre-tax benefits to reduce your taxable income. It could be sacrificed into your superannuation, mortgage, or vehicle, and provides distinct tax advantages. It is, however, not right for everyone. Consult a financial adviser to find out more.
Estate planning is the process of making legal arrangements for the management and distribution of your assets should you die or become incapacitated and lose the mental ability to make your own decisions. It includes making a valid Will and Last Testament, setting Powers of Attorney and Guardianship, lodging a valid Superannuation Binding Death Benefit Nomination, making Advanced Health Directives (“living will”), and more. It should be tailored to your financial and family circumstances. It safeguards your assets and wealth, ensuring they are distributed according to your wishes.
Some financial adviser fees are indeed tax deductible in Australia. These include ongoing portfolio management, income protection insurance advice, tax advice, and others. Generally, initial advice and advice on personal or private expenses (lifestyle, budgeting, estate planning, personal insurance) can’t be claimed. Furthermore, you can claim deductions for fees paid from your own pocket, but not if they are directly deducted from your superannuation balance. Contact a qualified “financial planner near me” for detailed information.
