Independent Wealth Management

Investing for Long-term Wealth with Independent Financial Advice

The Plutus Financial Guidance guide to investing for long-term wealth  

It’s proven that time spent investing in the market is more often important than the timing of the market.  This is a major point when investing for long-term wealth

2020 has being a rollercoaster year in more ways than one. It’s clear that those with a diverse investment portfolio and a solid long-term strategy have come out the other side relatively unscathed.   

When it comes to investing for the future, starting out early is imperative for ensuring long-term results. Whether you are years away from retirement or starting a new job, it’s crucial to have a few financial goals defined to frame your investment strategy. This way outlying years such as the 2020 aren’t such a worry.  

The unfair advantage of compound interest?

Compound interest occurs when you earn additional interest on top of simple interest by reinvesting and making regular contributions over a consistent period of time.  This may sounds simple, yet it’s one of the major forgotten elements in retail investing (an individual who purchases securities for his or her own personal account rather than for an organisation).  

Dollar-cost averaging when investing for long-term wealth

Making regular instalments into your investment portfolio is key to delivering long-term results. Another common yet simple strategy is dollar-cost averaging. Instead of investing all of your capital in the one go, the idea is to invest the same, fixed amounts regularly, over a long period of time.  

Regardless of market conditions, this strategy allows you to increase your investment.  The easiest way to understand how dollar coast averaging works is to stay engaged with your investment. Calculating how investment balances can build up over time, with a combination of regular contributions, reinvestment, and compounding returns.    

Independent Financial Advice for 2020 and beyond

Increasing wealth through smart, calculated investing is a proven strategy.

Investors who are disciplined and armed with a strong, researched investment cases are poised to realise favourable returns in the years to come. Longer-term strategies mean your investment can be left to generate returns without the need to worry about the market’s peaks and troughs.  

Having a clear financial plan, consistent contributions, and diversified strategy will ensure a solid growth for your nest egg. As with many things, the longer you leave it to grow the better the financial return.  

Independent financial advisors such as Vince Lam are industry professionals. They specialise in building financial roadmaps tailored to you and your family’s needs, offering you peace of mind by ensuring you are on track to reach your financial goals.

Independent Wealth Management Advice

Everybody has dreams and aspirations. Variety is the spice of life.

Some people may wish to fly to the moon, others would prefer to sail around the world or drive around this great Australian land. Perhaps your goals are a little closer to home and you simply wish to be the best parent or grandparent you can be.

Whatever your goal may be, it starts with a plan.

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 pride ourselves on the integrity and purpose that is common throughout all of our financial services. We believe that financial advice should be transparent and structured, so our clients can achieve their aspirations over the near and longer term. 

Consider your personal financial position:

  • Is your home and/or investment property paid off without mortgage remaining?
  • What are your income streams? Employment? Investments? Business?
  • Do you manage multiple assets?

Vince Lam and the Plutus Financial Guidance team are continuing to work safely during the COVID-19 pandemic. We will continue to provide independent financial advisory services via online video consultation to those who prefer.

Speak to our friendly team regarding wealth management advice and our broad range of financial advisory services. Get in contact today.

You can also read about wealth protection by visiting our services page, via this link.

Independent Financial Advisor

Key Financial Service Recommendations by the Royal Commission

On February 4th 2019, the government released the 1000+ page Final Report for the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

Advisers and the industry as a whole have faced scrutiny, with reforms in progress. One of the key recommendations from the Royal Commission was reporting the lack of independence by financial advisers.

Vince Lam can help provide key information and independent advice on paying super as a self-employed individual.

The President of the IFAAA, Daniel Brammall, has applauded these recommendations. “The IFAAA welcomes Commissioner Hayne’s recommendations. They echo the IFAAA’s Gold Standard of Independence: no commissions, no asset fees, no links to product manufacturers. Without this Gold Standard, as a consumer you run the risk of not getting true advice, but rather a sales pitch masquerading as advice.”

Independent Financial Advisers Association of Australia (IFAAA) formally refers to the gold standard of independence in financial advice. All advisers / members must meet the following criteria:

  • No asset-based fees
  • No commissions or incentive payments from product manufacturers
  • No ownership links or affiliations with product manufacturers

Vince Lam (who is the Principle Consultant at Plutus Financial Guidance) is a professional Accountant and an IFAAA Gold Standard Independent Financial Advisor with almost two decades of experience.

If you’re after independent superannuation adviceretirement planning financial adviceestate planning adviceaged care financial advice and/or are interested in learning about wealth protection, we have an independent wealth adviser waiting to hear from you.

Discover more about Plutus Financial Guidance’s education, experience and values here.