Tag Archive for: Investment Strategy

The Importance Of Independent Estate Planning Advice

When it comes to estate planning, a calculated forward-thinking approach is required to maximise results and assure your loved ones’ financial freedom in the future.

Key Considerations for estate planning:

Estate planning encompasses areas beyond which family member or members will inherit your property and assets. 

An estate plan is devised to decide who is going to manage your entire estate including assets and financial obligations in the future. We have various estate planning tools available to you to help with this task.

There are many important decisions to make when creating an estate plan. Our team of experts have the experience and expertise to help you every step of the way. From choosing the right estate planning documents, to understanding your tax obligations, we will guide you through the process and answer any questions you may have.

Plutus Financial Guidance are here to help:

The Plutus Financial Guidance team, led by Vince Lam will help you build a tailored plan for the future of your finances. 

Independent estate planning means that our practice operates without incentives or financial conflicts of interest. We ensure that your loved ones are guaranteed financial security, giving you and your family peace of mind.

We will help you create a comprehensive plan for your future estate which considers all necessary factors, tailored to your personal financial needs and situation. Other areas of focus that Plutus Financial Guidance can also help you with include trust planning, retirement and aged care financial advice, superannuation advice and more.

If you would like more information on how we can help you and your family with estate planning, please do not hesitate to get in contact us today. 

Our expert team are more than happy to answer any questions you may have.

Why Choose Plutus As Your Independent Financial Advisor? 

Every individual has unique goals regarding their personal wealth. Generally speaking, achieving a relaxed lifestyle where we have more time to focus on the important things in life is what many of our clients strive for.  

Our goal at Plutus Financial Guidance is to ensure we help create, improve and protect your wealth sustainably throughout your career and when the time comes, well into retirement. 

We do this by delivering personalised strategies across all areas of wealth management and providing each of our clients with tailored, specific independent financial advice. 

What Makes Us Different: 

We offer a range of financial services to address the many needs of our clients. 

Our approach is quite different from most financial planners in several ways. Firstly, in that our advice is entirely independent and completely tailored to your individual needs and goals. 

Secondly, we are different in that we do not charge our clients asset-based fees or accept referral fees. We offer gold standard financial advice, meaning we will never take kickbacks for recommendations. This also means we are not abutted to any financial institution or product manufacturer. Simply, we do not use generic financial ‘products’. All of our work is tailored to each of our client’s needs. 

Our Unique Philosophy: 

There is an ethos that runs deep throughout our services. We work with clients who share our sense of community and who care about the people and environment around them like us. We are not selling the idea of overnight success or instant gratification; we believe financial advice is very personal and relationship-based. 

For those looking to learn more, or seeking further information regarding the need for an independent financial advisor, please feel free to get in contact with us today or read our FAQ’s for more information.

Ideal Candidates For Our Financial Advisory Services

When it comes to personal wealth, everyone has unique needs. It’s true that for some it can be difficult to know if their specific financial goals require financial advice. At the very least, it is useful to have an idea around what life stage one should consider speaking with a financial advisor.

The expert team at Plutus Financial Guidance have put together this article to help guide you through the process of figuring out if independent financial advice could be beneficial to your specific needs. 

Are you looking to retire in the near future? 

At Plutus Financial Guidance, we provide easy to follow financial advice for retirement, customised to your specific retirement needs and goals. We are here to help you gain the freedom to choose how long you will continue to work and to provide peace of mind surrounding a financial plan. 

We are here to help you understand all of the options and tactics available to you, allowing you to make informed choices when it comes to planning for your retirement. 

Are you looking at aged care options for you or a family member? 

At Plutus Financial Guidance, we work closely with individuals and families to assist in making educated decisions when looking at future aged care options for a loved one.

Unlike regular financial advisors operating around Sydney, Plutus Financial Guidance proudly provide certified PIFA (formerly IFAAA) Gold Standard independent financial advice. 

Are you looking to make plans in advance to ensure you and your loved ones will be protected financially?

Plutus Financial Guidance provides a wide range of independent wealth management services tailored to a broad range of client goals, delivering the tools for certainty and peace of mind regarding your financial position.

We believe that financial advice should be transparent and structured, so our clients can achieve their aspirations over the near and longer term. 

We hope you found this article helpful. Please feel free to get in contact with us to arrange a financial health discovery consultation today. 

What to ask when planning for retirement?

Retirement is an exciting chapter that we all look forward to embracing. It’s a time that affords more freedom and flexibility. Embarking on this journey can be made easy with the right planning and preparation.  

Retirement planning helps with crucial decision making including financial requirements and timing of your retirement. Plutus Financial Guidance are here to provide clarity and certainty about your financial future. 

Vince Lam, principal at Plutus Financial Guidance has compiled a list of questions to consider when planning your retirement: 

  1. When would you ideally like to retire? 
  2. What is your retirement lifestyle aspiration? 
  3. Where do you want to live when you retire? 
  4. What are your retirement savings requirements? 
  5. How long will your retirement savings need to last? 
  6. How are you best able to preserve capital for the next generation? 
  7. Will you be eligible to receive any government support when you retire? 
  8. Are there any tax implications when you retire? 
  9. How important are liquid assets when you retire? 
  10. Who will manage your assets when you do finally retire? 

Having an independent financial advisor in your corner can be valuable when working through these questions and putting together a retirement planning roadmap. 

Vince Lam is an independent financial planner here to help you achieve your life goals, including understanding the options at your disposal, the implications of relocating, topping up your super or developing a low-risk investment portfolio. The team at Plutus Financial Guidance believes in giving honest and socially responsible financial advice to clients. We receive no asset-based fees, commissions, kickbacks, or referral fees. 

Get in touch with the Plutus Financial team today. We are here to provide help and consultation for planning your retirement. 

Wealth Management & Protection Post-Retirement

As a retired self-managed investor, perhaps you have thought about taking a more passive approach to wealth management and protection as you enter this next life stage.

For individuals who have built considerable wealth over a long career, through investing and self-managing their finance, it may be a good idea for you to seek an independent financial advisor to manage your portfolio post-retirement.

Plutus Financial Guidance offer independent financial advice and are here to help you take measured steps towards peace of mind investment management in the later years of life. 

Here are a few things to consider when making this decision. 

Firstly, getting started on developing your succession plan sooner, rather than later means you have more time and options for diversification and allocation.  

Having an idea of what age you would like to engage an independent advisor with your investments is a good start. Some investors might consider  doing so in their 60s, getting professional advice on their investment portfolio and financial affairs, others won’t be until a later stage of life. 

It’s important to factor in long-term care into your plan, including the possibility of the added costs associated with nursing & aged care. For more information on the topic of aged care financial advice, feel free to head to our blog post on this topic; alternatively, head to the page on our website that outlines our services offered in this area. 

We understand that it can be challenging to let go of self-managing your finances, that’s why, when this time arrives, having an independent and gold-certified financial advisor in your corner who you can trust can be an invaluable asset.

If you have found this blog post helpful and would like to learn more about our wealth management services, please feel free to contact the expert team at Plutus Financial Guidance today. 

Independent Budgeting Advice For Wealth Building

Budgeting and saving are indeed vital building blocks in managing your finances and building wealth. A personalised budget and savings plan will enable you to get closer to achieving what is important to you in life. 

Budgeting advice at Plutus Financial Guidance

We will continuously work with you to manage your changing circumstances and needs to achieve what is important to you. 

We can help you understand where your cash flow is coming from and what you are doing with it. We believe that a critical first step in creating wealth is establishing a defined budget and making the most out of what you currently have. 

We can help you streamline your wealth and lifestyle aims by completing a comprehensive review of your current budget to optimise spending. 

The importance of independent budgeting advice

When seeking independent financial advice regarding your budget, choosing an independent financial professional who does not accept kickbacks, royalties or referral fees from financial institutions is of utmost importance. 

At Plutus Financial Guidance, we pride ourselves on the constant integrity and purpose throughout all of our financial services. We strongly believe that financial advice should be transparent and straightforward; as such, we do not charge commission on our independent financial advice or accept referral fees. 

We are back in the office! 

Following NSW Government Health Guidelines, the team at Plutus Financial Guidance are back open for business and are taking consultations at our office here in Macquarie Park. 

Vince Lam is a professional Accountant and a Gold Standard Independent Financial Advisor with almost two decades of experience. 

He holds the Certified Practising Accountants (CPA) designation, is a registered member of the Tax Practitioners Board and is an Accredited Aged Care Professional.

Feel free to get in contact with us today to book a financial health discovery consultation with us – our independent financial advisors are more than happy to help. 

Superannuation Management at Plutus Financial Guidance

Many industry experts and financial advisors believe that solely relying on employer contributions may result in many people falling short of a basic retirement lifestyle, one which would be suitable for most Australians.

At Plutus Financial Guidance we offer superannuation advice and planning, in order to help create tax-effective steps to boost your super balance, resulting in a far healthier super balance at retirement. 

Things we address include the consolidation of your superannuation accounts, if you have more than one. People generally opt for their employers chosen super fund, which results in the accumulation of multiple super accounts over the years. Consolidating your super accounts is a critical step in optimising the performance of your superannuation – as having multiple accounts can lead to lost super through paying multiple sets of fees. An independent financial advisor at Plutus Financial Guidance will guide you through this process. 

When self-managing a super fund, a well-planned investment and contribution strategy is critical. There are a few factors to consider when formulating a tailored superannuation investment strategy. These include your age, superannuation balance, retirement goals and risk appetite. We can analyse the risks and rewards of particular investment strategies to help choose an option that is right for you. 

Thinking of creating a self-managed super fund? This can be a rewarding decision for some, however they’re not beneficial for all clients. If a self-managed fund isn’t the best strategy, we can help in finding the best option for your situation. There are many different superannuation funds out there, offering many different advantages and strategies. At Plutus Financial Guidance, we will tailor and review a shortlist based on your personal needs and goals.

Additionally, we help you analyse and compare super fund performance, fees, investment options, insurance options and more. 

We’re here to ensure your super balance is healthy come retirement. Talk to Vince Lam, our senior superannuation advisor today to find out what is involved and whether this is the right option for you.


Debt Management At Plutus Financial Guidance

Debt management comes in many forms. There are various reasons why anyone would borrow capital to invest, such as getting a mortgage (meaning you get to own your piece of real estate sooner rather than later) or reducing your tax bill whilst creating long-term wealth through investments.

While it’s true that utilising debt, gearing or leverage can aid in long-term wealth creation; it is essential to take an optimised and disciplined approach. Debt should be a tool to serve you and not the other way around. Too much can cause a lot of stress, but, on the other hand, too little or zero debt might make you feel like you are potentially missing out on opportunities and possibilities. 

When it comes to debt management and allocation, we all have different financial positions and circumstances. There are many contributing factors including age, aspirations, goals, investment horizon, appetite for risk and requirements. It is essential to ensure that a strategy is structured for the long term to help you achieve all of your financial goals. 

At Plutus Financial Guidance, our work with you constantly evolves with your changing circumstances. We offer gold standard independent financial advice that we tailor to your circumstances. We also regularly check up with you to help keep you motivated and on the right track.

A personalised financial plan will enable you to get closer to achieving what is important to you in life, not only today but more importantly, in the long run. We continuously work with our clients to manage changing circumstances, needs and moving goal posts. 

To learn more about how Plutus Financial Guidance can help you utilise debt as a wealth-building strategy, please feel free to head to the page on our website dedicated to this topic by clicking the link here

Financial Health Discovery Consultation

What is a financial health discovery?

A financial health discovery takes an in depth look at your personal financial situation to ensure the present and future health of your position. 

The past year has been a good reminder to us all that certain life events do have the ability to disrupt even our most carefully thought-out strategies. 

Experience in providing financial advice is critical at these vulnerable and emotionally sensitive times. These uncertain periods are where planning is crucial to keep on track, along with guidance from a trained advisor. 

It’s also important to always to seek out independent financial planners, as they are the ones who can assess your financial health with genuine autonomy, operating without incentive and conflicts of interest. 

We pride ourselves on the integrity and purpose that is constant throughout all of our financial services. We strongly believe that financial advice should be transparent, as such, at Plutus Financial Guidance, we do not charge commission on our independent financial advice nor will we accept kickbacks, royalties or referral fees from financial institutions.  

Vince Lam is a professional Accountant and a Gold Standard Independent Financial Advisor with almost two decades of experience. He holds the Certified Practising Accountants (CPA) designation, is a registered member of the Tax Practitioners Board and an Accredited Aged Care Professional.

Book in for a financial health discovery consultation with our independent financial advisors today. We can help you implement the various risk management tools that give you more certainty and peace of mind regarding your long term financial health.

Retirement Advice At Plutus Financial Guidance

The closer one edges toward retirement, the more excited they generally feel. The freedom to do what you want, when you want. For many, it’s the first instance of a decrease in responsibility for the first time in decades.  

So, you’ve been planning the details of retirement for years, now it’s time to review the logistics. Recognising that retirement is not the conclusion of one’s journey through life but just a different stage. 

This next stage does come with a particular set of challenges that we must prepare for, to ensure that we can enjoy this period in our lives without financial worries. Whilst navigating these challenges can be daunting, getting support from an independent financial advisor with experience will give you the confidence you need to make these challenges less intimidating. 

Having a solid plan in place is key to enjoying a financially secure and happy retirement. 

At Plutus Financial Guidance, we provide easy to follow financial advice for retirement, customised to your specific retirement needs and goals. We can help you gain the freedom to choose how long you will work, get financial peace of mind, and free up time for your well-deserved retirement. We are here to help you understand all of the options and tactics available to you, allowing you to make informed choices when it comes to planning for your retirement. 

Vince Lam is a professional Accountant and a Gold Standard Independent Financial Advisor with almost two decades of experience. His academic qualifications include a Master of Applied Finance from the Macquarie University Applied Finance Centre and a Bachelor of Commerce degree from the University of Sydney.  He also holds the Certified Practising Accountants (CPA) designation, is a registered member of the Tax Practitioners Board and an Accredited Aged Care Professional.

For more detailed information regarding Plutus’s retirement financial guidance services, or to arrange a consultation, please do not hesitate to contact us today by clicking the link here.