Significant life events that prompt people to take out life insurance are often the same events that should motivate people to review their policies. Our lives are ever-changing, make sure your insurance is up-to-date and appropriate for your stage of life. Contact us on 02 9524 6711 to discuss your needs at any time.
Want to take your business to the next level?
Join us on Thursday 17th May 2018 @ 5:30pm and we'll show you how...
Our seminars are designed to support our business community build higher performing businesses that can achieve a higher selling price.
The key ingredients of GROW > SCALE > EXIT are like links in a chain. You need all 3 in place to realise your business potential.
eiAs a valued connection we would love for you to join us for SCALE YOUR BUSINESS, Part 2 of our 3 Part Series. The seminar dives deeper into how few businesses are able to scale and reach extraordinary levels of growth and why the rest don't.
By attending this event you'll learn how to:
In the session we learned:
It's time to stop sitting on the fence and Realise your Business Potential!
To your success,
Kade Anthony and the Team at Southern Advisory
It's difficult to fully appreciate 'what you don't know' and what it takes to realise your 'full potential' as a business owner.
A financial advisor can help you work out how to manage your money to help build your wealth and reach your goals...
Money may not buy happiness, but a sense of control over your finances, and working towards reaching your goals, just might.
Good financial advice can help with this, by giving you the opportunity to make the most of any money you earn in your lifetime – whether that’s a little or a lot.
It's never too early, or too late, to see a financial advisor. Here’s a bit more about what expect and how to prepare.
How a financial advisor can help
An advisor is like a personal coach for your money. They bring the knowledge, expertise and guidance to identify your financial goals and help you reach them.
They’ll spend some time with you up front to understand who you are and what you’d like to achieve, taking into account your entire financial situation. Then, they can tailor a plan to help you get there.
You can choose how involved you’d like an advisor to be. You may only want to meet with them when something happens that causes you to reconsider your finances, like buying a house or starting a family, or you may want a more comprehensive, long term plan.
Here are some of the specific ways a financial advisor can help:
Debt and cashflow
Form a strategy to help you better manage your debts and expenses, so you can make the most of the money you have.
Explain how different types of insurance work, what they cover you for, and help put in place the right amount of protection in case things don’t go according to plan.
Explain different types of investments, and help you choose those which will best help you reach your goals and fit with your appetite for risk.
Super and retirement
Help you work out which super fund is right for you and advise about your super investment options, or help you set up a self-managed super fund. If you know the type of retirement you’d like to have, they can recommend ways to help you achieve it.
What to expect when meeting a financial advisor
It’s always a good idea to think about your current personal and financial situation and future goals before working towards a plan to achieve them.
It’s also important to be honest and as accurate as possible so your advisor can give you the most relevant advice.
When you meet with an advisor, the steps they’ll take are:
Your personal and financial situation
Your advisor may ask questions about your circumstances depending on your goals and motivations for seeking advice, so it helps to take any documents along with you, related to things such as:
It’s also helpful to take some time to think about your goals before the meeting. Your financial goals could be long-term, short-term or both, and may include things like:
Your expectations and the costs
You should also discuss whether you’d like their advice to cover one aspect of your life, or your finances more broadly. The range of advice to be provided is referred to as the ‘scope of advice’ and is an agreement between the advisor and yourself. The advisor must ensure that the scope of advice addresses your goals, objectives and needs and they must discuss this with you prior to proceeding.
Setting these guidelines clearly will also help the advisor to provide information about the cost of their advice.
While the initial meeting with an advisor may be free of charge, the costs after that vary depending on the complexity of the advice, frequency of advice and the types of financial products recommended.
The statement of advice
Using the information gathered at the first meeting and further research, the advisor will put together a written document called a 'statement of advice' with detailed recommendations to help you achieve your goals.
All advisors must only provide recommendations to products that are in your best interests (not theirs). This is called Best Interest Duty and you will see information about the research they’ve done and why they chose the product in your statement of advice. It’s recommended that you review the product and strategy in detail at home and only agree to commit if you fully understand it.
Once you’ve put a financial plan in place, reviewing it annually is important to make sure it continues to meet your needs and goals, which are likely to change over time.
Please feel free to Contact Us if you would like to arrange a review or wish to discuss your personal situation with one of our advisors.
Achieve successful growth, scalability and succession
You are invited to GROW YOUR BUSINESS, part 1 of our 3 part series which is designed for growth-orientated small and medium-sized business owners
Thursday 22 March 5:30-7:30pm with networking to follow
Tradies Event Centre, 57 Manchester Road, Gymea
Tickets $25 per person
(proceeds donated to Red Kite Charity)
Why should you join us?
Are you looking to take your business to the next level? The concepts and principles apply to any type of business and are designed to give you simple, yet practical advice along with the tools and strategies that you can implement into your business immediately.
The 3 keys links to the chain for business potential:
GROW YOUR BUSINESS, Part 1 of our Realise your Business Potential seminars will look closely at your business and be challenged to adapt.
Join Nik Ahkin from FBZ Accounting and Kade Anthony from Southern Advisory as they deliver simple, yet practical advice along with tools and strategies that you can implement into your business immediately.
Attending and implementing will create change!
It’s difficult to fully appreciate ‘what you don’t know’ and what it takes to realise your full potential as a business owner. Imagine you had the knowledge with the right advice and support you have been looking for from an experienced business adviser, how might you do things differently?
It is about now when those well-intentioned New Year resolutions start to come under pressure.
The summer holidays are behind us, schools are back and the rhythm of life is returning to a familiar routine.
The bigger, bolder ambitions for the New Year are often the first to fall by the wayside simply because of the level of difficulty.
But instead of thinking big and bold what would the impact be of making a small change. Nothing radical, more of an adjustment than a rewrite of your lifestyle.
It is probably safe to assume that not too many people had retirement planning on their New Year resolution list. But it is definitely an area where small changes – depending on your age – can make big differences.
Our superannuation system mandates that 9.5 per cent of wages is paid into superannuation. But that is already slated to rise (albeit slowly) to 12 per cent by 2025. So is 9.5 per cent enough or should you be saving 12 per cent given that is the longer-term goal the government has settled on.
Or should you be listening to the actuarial professionals who point to 15 per cent of wages being the more reliable answer to the question of how much is enough?
Lifting your super contributions from 9.5 per cent to 15 per cent probably sits under the heading of bold, aspirational target for many people.
Today's imperative – putting food on the table, paying energy bills - rightfully takes priority.
But what about if you shifted the dial on your super contributions just a little – say half of one per cent – to 10 per cent a year. And committed to increase by the same amount each year until you hit the 12 per cent target.
Using the Retirement Planner on the financial services regulator ASIC's Moneysmart website gives you an easy insight into adjusting your contributions. For a 30-year old earning $70,000 today the super account balance (in today's dollars) is projected to be $276,000 at age 67 when contributing the mandatory 9.5 per cent.
If you increase your contributions to 10 per cent your account balance will go up by $12,200. If you take the bigger step of going to 12 per cent contributions the account balance is projected to rise to $337,700 – or $60,700 more to spend in retirement.
Context is important motivation here. As investors inertia and procrastination are two behaviours that typically work against us. Yet a modest increase in contribution level – perhaps a $100 or $200 a month – can make a significant difference over the long term and by dialling up your salary sacrifice contributions via payroll deduction is an effective way of harnessing the inertia and letting time and markets work for you.
Before we know it will be time for setting next year's New Year resolutions.
Source: Robin Bowerman, Head of Market Strategy and Communications at Vanguard for Smart Investing