fbpx

Meet our clients living the ‘healthy wealthy happy’ life today

SUCCESS STORIES WITH EVALESCO
Flexible high net worth
by Jules Knox | 19 February 2018

What were their challenges?

As a high income earning executive, currently single yet indecisive about any future plans for starting a family, this client’s challenge was based around financial flexibility. Faced with the choice of renting vs buying, whilst having to pay large amounts of income tax, and wanting property investment advice.

With big career plans but lacking fulfilment in her personal life, finding some balance with starting her own philanthropic fund, she needed a clear plan and advice to maximise her current position but allowing for flexibility if the job/family situation were to change.

What did they overcome?

Indecisiveness, hesitation and doubt about what was the right next financial move, clarity over uncertainty about options and lack of financial guidance.

How did I help?

I helped by talking Isabella through the alternatives. Giving my client various options and reassuring her that there was built in flexibility should she decide to take an alternate path.

We helped with the purchase of an investment property and established an ongoing investment plan so funds would be available should she decide to retire early.

Financial protection was put in place to protect her income and lifestyle, a superannuation savings plan and tax reduction investment strategies devised to reduce income tax payable and to grow her overall retirement savings.

What did they learn that I can share?

You can’t always know with 100% certainty which direction life may take you, but by talking through what’s important and knowing that you have a plan that can change as life changes, access to funds and advice as you need it, you will be more confident to make the most of what comes along.

In the end she got her balance. Isabella ended up meeting Tom, they bought a home together and she left her high pay/high stress job to start a consultancy business. Eventually they got married, established a charity and wrote a book, now they have had a baby girl, Isabella knows she is on track for a fulfilled and comfortable life

HOW WE HELPED IN PARTICULAR

Provided various advice options with flexibility
Assisted with the purchase of an investment property
Provided a cashflow budget
Established an ongoing investment plan
Financial protection was put in place
Established a superannuation savings plan

SHARE OUR INSIGHTS

Share on Facebook

Share on Email

Share on Linkedin

NEWSLETTER

Sign up to get the latest insights with our newsletter delivered straight to your inbox

Slide
“How do I know how much money I will need to retire?”

The amount of super you’ll need when you retire depends on your big costs in retirement and the lifestyle you want. The Associate of Superannuation Funds of Australia (ASFA) estimates for a single $44,224 a year and for couples $62,562 a year is how much you may need. This is only an indicator and our advisers assess everyone’s individual circumstances.

Slide
“Why should I pay for financial advice?”

The fees we charge for financial advice is only a fraction of the value we derive for our clients, meaning our clients are always better off after seeing us. Rarely do we encounter a new client invested appropriately for their needs, with adequate risk protection, structuring and estate planning provisions in place. Even small tweaks to a financial plan over a long period of time can result in drastically better outcomes for our clients which eclipses the fees of the financial advice. Additionally, you can opt-out of an ongoing fee arrangement at any time.

Slide
“How do you charge for your services?”

In our discovery meeting with you our advisers discuss the initial advice fee and the ongoing fees associated with our services.

Slide
“What is the process for getting our own personal financial plan?”

After our initial phone call to discuss why you are seeking a financial adviser, we arrange a discovery meeting that outlines what is important to you, your current position, our areas of advice, our approach. We then present a Statement of Advice (SoA) to discuss your goals and our recommendations and go through the steps of how to proceed to the implementation stage. After signing the SoA, we discuss your questions, get you to sign the authority to proceed and complete any application forms before implementing the recommendations detailed in the SoA.

Slide
“Should I pay more off my mortgage or put more money into super?”

One thing to consider is the interest rate on your home loan in comparison to the rate of return on your super fund. Before making a decision, it’s also important to weigh up your stage in life, particularly your age and your appetite for risk. Whatever strategy you choose you’ll need to regularly review your options if you’re making regular voluntary super contributions or extra mortgage repayments. As bank interest rates move and markets fluctuate, the strategy you choose today may be different from the one that is right for you in the future

Slide
“How do I know Evalesco is the right fit for me?”

We know the impact of good holistic financial advice can make and we have the life experience, technical capability and quality support team that can make that difference for you. We’ve empowered over 1000 families through the delivery of great financial advice, to be healthy, wealthy and happy.

Slide
“How will I measure the value or success of receiving financial advice?”

We believe the true value of financial advice isn’t found in dollars and cents (although this is important too!) but in the peace of mind a financial plan can provide. It’s knowing where you want to go and how to get there, with a dedicated team behind you every step of the way.

previous arrow
next arrow

Evalesco Financial Services Level 17, 20 Bond Street Sydney NSW 2000
Phone: (02) 9232 6800

Evalesco Financial Services Pty Ltd is a Corporate Authorised Representative (325313) of Australian Advice Network Pty Ltd.

ABN: 13 602 917 297 AFSL: 472901