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

SUCCESS STORIES WITH EVALESCO
Planning a small business exit strategy
by Jeff Thurecht | 19 February 2019

What were their challenges?

Olivia is a good saver, she has built up equity in home but is just too busy running a small marketing business to focus on her personal health, wealth and happiness.

What did they overcome?

Initially, we put in place a strong financial plan, capitalising on equity, savings and ongoing savings capacity. The plan was established so that Olivia was in a position to be out of the business in 10 years, if desired.

Overtime, Olivia worked more on her health and happiness and made the decision to stop growing the business and eventually to scale it back while still remaining financially secure. Now she’s in a position to consider a career change without worrying about where the money is going to come from.

How did I help?

I gave some initial financial advice, helped implement the strategy that suited Olivia’s needs. Helped her to stay on track, and was on hand to tweak the plan as required.

We had regular meetings to adjust how things were running and to re-evaluate what was important at the time and to build confidence that she could do what she wanted.

What did they learn that I can share?

Doing the simple things consistently well can make a big difference in the long run. Olivia took my advice, implemented it effectively and was committed to her goals all the way along and is now reaping the benefits.

HOW WE HELPED IN PARTICULAR

Provided initial financial advice
Helped implement Olivia’s strategy
Regular meetings to keep Olivia on track

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“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.

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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.

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“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

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“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.

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“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.

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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