So following on from my 2 bobs worth last week where I tried to provide a distinction between Financial Planning and Life Coaching, this week I want to reflect on my experiences and explain how I work with my clients by focussing on less. Yes, that’s right. I have taken a road whereby I try to be inch wide and mile deep in regards to how I work with Financial Planning clients.
The Goals Based Advice phenomenon.
I have really gotten into some podcasts over the last 12 months. They are an easy way to take in content on a whole range of different topics. Obviously, I listen to financial planning podcasts as well as related topics such as property, sport and comedy. These are all topics that I am interested in.
So nobody wants Insurance.
Another Jack Bogle tribute.
Does this sound familiar?
We are an Independent Firm!
You don't know how good it feels to be able to write this heading. It's really important to understand that you have to be careful calling yourself an independent Financial Planner in the current environment. There is so much that needs to be done and ticked off before you can call yourself this term. The fallout from ASIC is immense if you have not got all your ducks in a row. Let me explain what this means to us and to our current and prospective clients.
Defer your taxes and save for a rainy day.
Farm Management Deposits are a risk-management tool to help primary producers deal with uneven cash flows. Uneven income is common in primary production businesses because of things such as natural disasters, climate and market variability. The FMD scheme allows primary producers to set aside pre-tax income from primary production in years of good cash flow to draw on in years of lesser cash flow.
Check out our secret menu.
You might have heard about In and Out Burgers in the U.S.A. I personally have never been there but I follow a financial planner - Jeff Rose from Good Financial Cents who is absolutely in love with this burger place which he believes is better than McDonalds.
Part of their allure is that they have a simple menu, so unlike McDonalds that has huge options, they have 3 burger options and that's it. Double Double, Cheeseburger and a Hamburger. That's it.
Welcome to your Retirement.
What if My Financial Planner Dies?
A frequent question I get asked when talking to prospective and current clients is, " what would happen if you died?" A real risk of placing your trust with a wealth management firm is having your plans go into a tailspin if the inevitable happened to your trusted financial planner.
This is how I answer this question.
Being Frank about it.
Budgeting 101: Working out your income and expenditure
Downsizing for a better Retirement.
Let me introduce you to the term: Correction.
We haven't heard the term "correction" in regards to financial markets in a while.
Everything seems rosy if you are earning double digit returns but we like to remind our clients what might happen and prepare them for this also.
Check out this summary of a technical correction in regards to financial assets.
Happy Clients create Great Advocates.
The growth of our firm is built on the support and advocacy of our Happy Clients.
Take some to read this wonderful testimonial and a link to our Happy Clients page that shows how clients feel about working with our team.
These testimonials provide enormous confidence to our team and empowers us to do our best for our client's retirement plans.
