How does an SMSF buy a property?

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There are a lot of considerations about buying property as an investment and the complexities increase when the purchaser is an SMSF. Importantly with an SMSF, there are a number of protocols and structures to consider in the purchase process. This article will look at different funding strategies for SMSFs to consider, pros and cons […]

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Cybercrime – reduce your online risk

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Every year, thousands of Australians and Australian businesses fall victim to online crime, or ‘cybercrime’. In the first three months of 2018 alone there were 14,189 reports made to the Australian Cybercrime Online Reporting Network (ACORN). That was just the crimes that were reported and the financial services industry will always be a prime target. “At […]

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How do you make your philanthropy (your structured giving) work best?​

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Australia ranks third in the world for giving, with 73% of Australians making a charitable donation. Todd Stanford assists his private clients at Profile Financial Services with advice and strategies surrounding their philanthropic endeavours. Todd outlines the options for structured charitable giving in Australia. Charitable Foundations available Private Ancillary Funds (PAFs) Public Ancillary Fund or […]

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Philanthropic giving via a Public Ancillary Fund

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A PuAF is a communal tax exempt philanthropic trust that enables a number of donors to establish and name a ‘sub fund’ under the broader PuAF structure. With a sub fund, the donor does not need to worry about the trustee obligations and responsibilities associated with a Private Ancillary Funds (PAF) and can put their […]

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Profile Financial Services and onePlan Financial Planning join forces

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Profile Financial Services has recently acquired onePlan Financial Planning, based in Mudgee. A recent successful client welcome event was the culmination of several months of work integrating clients, systems and processes between the two businesses after their transaction completed on 1st May 2018. Profile is a non-aligned boutique financial planning firm, established for over 30 years […]

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Managing wealth to objectives

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Objectives-Based Investing (OBI) or Goals-Based Investing describes not only an investment philosophy, but also a method of implementation that sets it apart from traditional financial planning. When I read about OBI, I can hear financial planners saying to themselves “yes, that’s what I do because that’s what financial planning is (and always has been) about.” […]

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How is FASEA impacting our industry?

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There are many financial planners who may not have formal studies and qualifications, but who have clearly demonstrated an ethical, professional attitude and behaved in a manner that has allowed them to forge strong relationships over many years. In many cases they are also maintaining Continuing Professional Development (CPD) at more than minimum standards. However, […]

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What is Objectives-Based investing?

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Objective-Based Investing (OBI for short) is an investment approach that seeks to align investments and portfolios with the client’s specific needs and objectives.  The result is one or more customised portfolios each designed to achieve a specific desired outcome over a defined period with a high probability of success. The approach offers greater certainty to […]

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Fee for no service exposed

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The early findings from the Financial Services Royal Commission makes for some interesting reading. While some of the news may not shock you, there are some key takeaways that clients of financial planners should be critically assessing. What is a Fee Disclosure Statement (FDS)? The Future of Financial Advice (FoFA) reforms that came into effect […]

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Philanthropic giving – Private Ancillary Fund (PAF)

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“To give away money is an easy matter and in any man’s power. But to decide to whom to give it and how large and when, and for what purpose and how, is neither in every man’s power nor an easy matter.” (Aristotle c. 384 B.C. to 322 B.C.) This article on planned giving structures […]

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