People who have come into Old or New Wealth.
Our high portfolio value clients have a portfolio of assets (not including the family home) over $2,000,000 or are seeking independent financial advice so that they have over $2,000,000 one day.
The key challenges in their lives include:
- How do I ensure my money is invested wisely?
- How much can we spend on lifestyle each year?
- How do I make this money last our lifetime without taking excessive risks?
- Am I doing everything I can to legitimately keep certain costs such as fees and taxes to a minimum?
- How much can I help out my kids in the future/pass on assets in an efficient manner?
- Can the financial complexities in my life be simplified?
Our clients refuse to pay for complex expensive investment solutions for the following reasons:
- It is it too complex to understand how can you trust it is performing as you need it too
- Experience through recent downturns shows transparent and liquid investment should be the backbone of your strategy
- Complex usually includes a nasty surprise in tax or non-deductible costs or a loss of franking credits
- We recommend direct property as a part of portfolios
- If you knew you could capture the market returns, with reduced risk at almost no cost – why not lock it in?
Our clients understand that it makes more sense to engage an adviser they can trust. We need to have a hard and deep conversation to establish this trust.