Not All Financial Planners Are The Same
As many investors have found out in recent years, biggest isn’t always best. A large financial institution with a high profile may signify safety and security, but in reality there’s only one connection between your financial position and the financial security of that institution – their large profits are underpinned by the fees you pay.
A bank, for instance, is vertically integrated. A financial planner in a bank branch is usually a salesperson for insurance and financial products designed and owned by that bank. The financial planner derives a commission from putting a client into bank insurance and managed funds. And often the management fees on those products are higher than many others available.
The bank’s financial planner wins because he gets the commission and the bank wins because the client is pushed into the bank’s own higher fee products.
Unfortunately, it’s the client who loses.
Wollemi Wealth financial advisers aren’t institutional financial planners with sales targets to meet. We don’t exist to sell you products or push specific funds or investments.
That means you are our focus.
Superannuation and Rollover Advice
The easiest and best way to prepare for Retirement is to spend time managing your superannuation now, it’s never too late. We’re here to help you.
Making small changes can really boost your balance so you can enjoy a better retirement, it’s something we can all do – it’s that easy.
Having more than one superannuation fund is expensive and inefficient.
We take the time to consolidate them into one easy to manage fund so you save on fees and invest in a portfolio tailored for you, not just a “Default Portfolio”.
We focus on growing your superannuation, reducing fees, maximising performance and share any news or tips we think will provide you with a better lifestyle in retirement.
Our advisers research your current super funds, compare fees, see if you’re invested in the right portfolio, recommend insurances best suited your situation and advise you on making contributions to minimise tax and boost your balance. Having up-to-date beneficiaries is also very important and an area that is often overlooked.
Risk Management and Insurance
Ask yourself what would happen if:
• You died
• You were disabled
• You suffered a critical illness
• You couldn’t work
Insurance exists to guard against financial distress through the loss of income. To put this in perspective, almost 40% of Australians would exhaust their savings within a month of losing employment.
Factor in the cost of medical care or rehabilitation related to any injury, disability or medical condition, then factor in existing liabilities. Even with substantial investments you could be faced with liquidating assets to cover medical care and liabilities.
In the event of death a family could be faced with similar financial constraints. Primary income earners need to consider the lifestyle they’d want for their family in such a circumstance. Household income will fall, while debts and children’s education expenses remain.
Wollemi Wealth Management views insurance as vital because our role is not only applying strategies to create wealth; it’s to equally implement strategies to protect wealth. Our clients are counselled on the insurance risks they can afford to carry and the insurance risks that can lead to financial ruin.
Retirement Planning Advice
Planning your retirement is a conversation many clients don’t consider until they reach their mid fifty’s.
If you are retired or approaching retirement, having a Financial Plan in place will remove the stress and confusion of transitioning from working so you can retire, to enjoying that well deserved retirement.
The process of converting your superannuation into a pension is a tax effective strategy many retirees use to transition to retirement.
We walk you through the process, explain the benefits available and together we implement the retirement plan.
Our strategies include:
Converting your superannuation to pension – If you are age 60 and over, your pension income payments, investment earnings and any lump sum withdrawals are all tax-free.
Provide you with a Fixed Income Stream so you can have certainty of income in retirement.
Calculating Centrelink Aged Pension entitlements to supplement your Retirement Income
Assisting you apply for the Aged Pension and the Seniors Card with Centrelink
Aged Care Advice
Making the decision to place your loved ones into an Aged Care facility is never an easy one and often times it’s the family’s responsibility.
We know how difficult the process is, where do you start? Who do you see?
Taking away the confusion allows you to focus on your loved ones, while we work with Centrelink and the Aged Care facility to make the transition as smooth as possible.
We simplify the aged care discussion into six key areas and outline some of the main discussion points:
Current personal situation
Care information, including costs and fees
The family home
Income and assets
The client’s aged care preferences and health needs.
Get in touch
We'll be happy to assist you!
What Client Say
Consolidating my super was so much easier having someone take care of it for me. Now having just one fund, it’s a lot easier to see my balance grow.
Mark & Gemma
First it was just Mark’s Super, it was an easy choice to consolidate my super and let Mark manage it as well. We’re saving on fees and with little kids it’s great to have our Financial Adviser come to our home for meetings.
Wayne & Shalene M.
Mark has been there every time when we needed him, our whole world changed when I lost my job, the transition to Retirement was seamless and now we are enjoying our life together and we know our Pension is well looked after.
Nigel & Joy H. Llanarth
We really enjoy dealing with Mark, he’s always looked after us and we trust him. That’s an important quality we felt from the start.
I’m too busy to research the right financial products to create my wealth – Mark has helped me get the right products and services for me without the fanfare of a bank or large institution.
I felt very confident that Mark was handling my super. Very professional and prompt. I felt reassured following his advice on all my financial situations. Pleasure to be doing business with him.
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