Why should you use a personal financial planner?
- To be more tax effective with your income & savings
- To declutter your financial affairs
- To minimise your dependence on the government
- To financially protect yourself and your family
- To enhance your wealth
- To give you more control and peace of mind in financial matters
Is it possible to do your own financial planning?
Many people choose to "do it themselves", just as they choose to do their own tax returns or do their own home renovations. However this approach requires a lot of time, energy and knowledge to do it well and stay on the right side of the regulations. By using a financial planner you can outsource complexity to a trained professional, and free up more of your time to do other things.
What does the financial plannng process involve?
In the case of ICT Wealth, we first spend time with you getting a good understanding of your goals, preferences, attitudes towards risk, and the details of your current financial situation. Then we take that information away to analyse & model, and develop sound professional recommendations for your specific situation. We examine issues such as tax effectiveness, ownership structures, risk management, debt, and cashflow, and design solutions based on a range of applicable financial product types including superannuation, investments, personal insurances, and loans. The outcome of this process is then documented in a personalised financial plan.
We meet with you again to thoroughly explain the recommendations, and present the financial plan, which will be yours to keep. Once you are comfortable to proceed with implementation, we guide you through the relevant administrative processes needed to put your plan into action. Wherever possible we use electronic lodgement.