FOR OUR RETIRED CLIENTS WE OFFER ENDURING FINANCIAL ASSISTANCE WHICH COMMONLY FOCUSES ON SUSTAINABLE INCOME STREAMS THAT OFTEN COMBINE GOVERNMENT PENSIONS WITH DRAWINGS FROM SUPERANNUATION OR SMSF's AND DIVIDENDS FROM INVESTMENTS.
We also provide guidance and advice for aged care and estate planning to sure up the next stage of life and the legacy you wish to leave.
In retirement there is often a focus on managing investments and superannuation savings to provide income that will not only fund day to day expenditures, but provide true financial independence that enables our clients the freedom to lead a fulfilled life.
Our role is to keep an eye on economic matters for you and provide financial advice as it applies to your circumstances, which in turn provides the financial leadership and peace of mind you need to continue enjoying your retirement.
We also understand that while travel and enjoying the benefits of a retired lifestyle are high on your agenda, for our retired clients there is often a desire to provide financial support for family members or causes that are important to you. As part of Wealth Fundamentals inter-generational focus, we assist you to make plans for distributing your wealth when the time comes, to those you love via a well-considered estate plan.
Our services include:
Superannuation and Self-managed Super Funds (SMSF)
Investment risk management
Pensions and income streams in retirement
Succession planning and workforce exit strategies
Planning your estate
Aged Care planning
TESTIMONIALS
“I have known and dealt with Chris Lane since 2002. Firstly, as a financial adviser, insurance broker and everything in between. The relationship over the years has really evolved as more than a client, but also a friend, receiving perfect and on time advice. Nothing too much of a problem. Over the past few years, we also dealt with Matthew Lane with equally excellent performance. If you excuse the pun, the apple has not fallen too far from the tree. Naturally, transitioning into retirement mode, we will continue with Wealth Fundamentals, as Chris and Matthew have set up and administer our Self-Managed Super Fund.”
“We have been clients of the business for over 10 years now and are very happy with the service provided. We recently had an unforeseen financial situation that resulted in a great deal of stress for us. We worked closely with Matthew to create a plan to remove our financial stress whilst not jeopardising our retirement requirements. In conjunction with other professionals, he also reviewed and implemented an Estate Planning strategy that then ensured our kids were looked after fairly. Matthew listened and worked with us to create an outcome that has left us minus the stress and enjoying retirement again. We are very, very happy with Matthew and have always received great service from the girls in the support team. ”
CASE STUDY
BACKGROUND
Retired business owners, and husband and wife, Patrick and Bev are long term clients of Wealth Fundamentals. They first engaged our services after purchasing a stake in a small business. When they received an offer to buy their business for a significant sum, they required guidance on the sale and their retirement planning.
frequently asked questions
WHAT IS A FINANCIAL PLAN?
A financial plan is your own personal blueprint to target your wants/goals whilst staying true to your values. Your personal financial plan will be created just for you and your family’s goals for the future.
Two major areas within our financial planning strategies are: (1) to help our clients review and strengthen the fundamentals of their current financial position and (2) once this has been done, we conduct regular reviews of the plan designed to assist you to continue your journey to creating financial independence.
ARE YOU OWNED BY A BANK?
No. Wealth Fundamentals is a privately owned business and is not affiliated with any bank, or insurance company.
HOW DO YOU GET PAID?
Our fees are mutually agreed directly between adviser and client and are not dependent on product sales. In relation to insurance advice, we do receive commission payments.
WHAT DOES IT COST?
Our initial meeting fee is $220 GST inclusive. At Wealth Fundamentals we strive to add value to clients’ lives and to help them create financial independence. Therefore, this first meeting is about helping us to understand your goals and objectives and for us to determine the scope of work involved to assist us to add value.
We will then provide you with an engagement letter setting out the direct cost for our upfront advice (less the initial meeting fee of $220) as well as the direct costs involved for Wealth Fundamentals to provide our ongoing review service designed to keep you on track to creating financial independence.
The level of fee depends on the complexity and the level of service required to help achieve your goals.
WHERE WILL MY RETIREMENT FUNDS BE INVESTED?
That’s determined by you, your goals and the vehicles designed to achieve them.
At Wealth Fundamentals we see investments as solutions to your goals, not influencers. Once we know your goals and preferences we work with you to create a portfolio that is tailored to your needs. All investments have their degree of risk and at Wealth Fundamentals we will educate you on these risks so you can have an understanding of your portfolio and how it is tailored to your needs.
SHOULD I HAVE A SELF-MANAGED SUPER FUND (SMSF)?
SMSFs are a very popular superannuation choice currently. However this does not mean that it is the answer for everyone. There are significant benefits that come with a SMSF but also significant risks.
The choice of superannuation fund is an individual choice and one that you should make on an informed basis. At Wealth Fundamentals we specialise in SMSF advice and can help you make an informed decision as to the suitability of one for you.
Please contact us today to discuss the suitability of a SMSF for you.
WHAT'S THE DIFFERENCE BETWEEN HAVING A WILL AND ESTATE PLANNING?
Having a Will is just one component of Estate Planning. A Will just deals with assets that are in your personal name and does not take into account assets in other entities (e.g. superannuation, family trust etc).
A properly drafted Estate Plan looks at all your assets and entities and how these will be impacted upon your death. It looks at possible tax implications, control issues and access issues in the event of your death.
An Estate Plan also looks at other matters outside of the Will such as Powers of Attorney, Health Directives, Binding Death benefit nominations etc. Please contact us today to discuss your Estate Planning needs. An appropriately drafted Estate Plan will help create asset protection, tax minimisation and a much more certain outcome for your beneficiaries.