Is there any value in financial advice?

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Getting good useful advice whether from a plumber or a planner or other expert is a cause of concern for many people. I can’t help with plumbing but I have a list of strategies that I regularly recommend to clients that provide value for the service I provide and help our clients to grow real

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Saving for your children

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Your child had their 8th birthday last week. Your mum-in-law again gave her yearly gift of $100 for your child’s saving account. Your second child is having their 10th birthday next month. In total, each child now has $4,000 to $6,000 in their respective savings accounts. You have been studiously putting away $25 per month

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Are you really ‘surplus’ing or actually saving?

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According to the Reserve Bank of Australia (RBA), Australian households are currently savings 5.5% of their income. Is this really ‘savings’? Or is it actually a ‘surplus’. There is a difference. ‘Savings’ is when you deliberately put money aside to build a cash reserve for a new car, investments, your next holiday or to accelerate

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Having a direct say over your ethical investments

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Ethical investment has been discussed in news articles, financial advice industry publications and, in my personal experience, discussions with clients about how to manage their wealth. The Responsible Investment Association of Australia (RIAA) reported that in 2020 ninety per cent (90%) of investors believe that impact investing will become a more significant part of the

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Good insurance advice helps in your time of need

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A good Financial Adviser will devise a strategy that will protect you when you need help. Personal insurances recommended correctly will protect your most valuable asset – you and your ability to earn an income. In the past month, I helped a long-standing client to claim on a trauma (also known as critical illness) policy.

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Thinking of making a sea change or tree change?

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Thinking of making a sea change or tree change? The rules have changed … for the better! COVID-19 has shown many Australians that the way we work, live and play will change forever. Suddenly, the concept of ‘having’ to live in a big city is no longer a must. Real estate agents in major capital

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Costly self-managed super funds? Are they right for me?

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It has been a heated month in self-managed super fund (SMSF) land. The Australian Securities and Investment Commission (ASIC) started the ball rolling with a fact sheet that stated SMSF Trustees spend on average 100 hours a year managing their SMSFs and that the average cost of running a SMSF is $13,900 per annum. The

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Andrew Zbik announces new planning business

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Former long-time Omniwealth adviser, Andrew Zbik, has commenced his own practice under the Advocate Advisory AFSL. He is now a Senior Financial Adviser at CreationWealth, based in Sydney. Andrew’s financial advice business will focus on personal financial advice for established clients as well as building a coaching course for individuals. He believes that people needing

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