Financial Planning Services in Brisbane, Hope Island and Mount Isa
Financial Advisors
Financial planning involves developing comprehensive, effective strategies to strengthen your financial security and ensure your financial goals can be met. These strategies provide a source of income other than your business or employment income. Our process starts with an in-depth summary of your current financial position, goals, and objectives. A step-by-step plan to achieve these goals is then formulated and implemented. We will then regularly review your long-term financial plan at each life stage to ensure minimal tax liability and financial risk.
Financial Advice
We have assisted individuals and businesses achieve a favorable financial future for more than forty years. With a background in Accounting and Tax, Sedley Koschel Wealth provides the holistic assistance you need to implement a successful financial strategy and become financially secure.
Specialized Services
Depending on your needs, Sedley Koschel Wealth services may include;
Financial Planning
- We take a comprehensive overview of your current income and map out a holistic road map to maximise wealth opportunities into the future.
Wealth Accumulation & creation strategies
- Let the industry experts at Sedley Koschel identify potential new opportunities for you to increase your wealth base.
Tax effective investments & tax minimization
- Tax laws are continually evolving, and many people are missing out on new opportunities to lower their taxation obligations. Talk to the tax experts at Sedley Koschel to find out how we can implement the latest tax minimization strategies.
Investment strategies
- The team at Sedley Koschel will help you navigate the complex options around building a diverse and effective investment portfolio that can grow with you into the future.
Retirement Planning
- Having a secure, well-rounded retirement plan is crucial for ease of mind. By working with the retirement planning experts at Sedley Koschel you can relax and enjoy a bountiful retirement.
Superannuation
- Whether it’s through an effective stock portfolio, property investment, or secure wealth creation strategy, the team at Sedley Koschel can put together a detailed superannuation plan.
Self Managed Superannuation Funds (SMSF)
- Talking to a Sedley Koschel Financial Planning professional will provide you with a clearer picture on what is the best solution for your SMSF.
Borrowing within SMSF
- Did you know it’s possible to borrow against your SMSF for use in property or other investments? Sedley Koschel can guide you through the process.
Share trading management
- Mitigate the risk of trading in the share market by working with Sedley Koschel’s team of stock market analysts. We can help you build a stock portfolio to suit your financial needs.
Margin lending
- Margin Lending allows you to use your existing wealth portfolio as loan collateral for investment in property, shares, or other types of financial products.
Debt structure & reduction
- Lower your debt obligations with a planned debt reduction plan that can free your income sooner.
Aged Care services
- Let Sedley Koschel help you navigate aged care fees and strategies to meet your family and estate planning circumstances, providing better lifestyle choices in the later stages of life.
Estate Planning
- Ensure that your financial legacy is secure into the future with comprehensive estate planning. We can advise on all aspects of your estate and help manage it as situations change for complete peace of mind.
Risk Insurance & structuring
- Be prepared for the unexpected with risk insurance products offered through Sedley Koschel. We can advise on the best risk mitigation strategies that would work for you.
Division of Marital assets
- The team at Sedley Koschel can help you navigate this potentially rocky period with assured asset division strategies.
Business Sellability
- Selling a business can be a stressful time. Here at Sedley Koschel Financial Group, we are able to relieve that stress for you. We assist to ensure maximum return for your business can be achieved.
To determine if you need the assistance of a qualified financial planner, simply book an obligation-free half-hour consultation. You can visit our Gold Coast office in Hope Island, and Robert Koschel is also available in Mt Isa once a month. Alternatively, we are happy to hold a Skype or teleconference meeting.
Do you know if your income is working at its optimum? Are your investments and savings producing the highest possible return? Is your debt structure providing the best tax savings? Don’t take unnecessary risks with your future! Contact us now. We offer a range of services including Financial Advice, Financial Planning, Will and Estate Law, Probate Law, Investment Advice, Tax returns, Wealth Advice, Conveyancing, Wealth Management, SMSF superannuation and much more.
Importance of having a financial plan
Having a good financial plan helps you to manage your money to help you achieve your goals. You can do your financial planning, but it is best to hire a professional to do it for you. It’s sort of like drafting plans to build a house but in this case it’s above your personal wealth and protection. As a family person, an investor, or a business person, a financial plan gives you a clear picture of your current finances. A financial plan also gives you strategies to help you achieve your financial goals. A good financial plan should contain information such as your investments, savings, insurance, superannuation, cash flow, debts, and any other thing that is related to your financial life.
Definition of Financial Planning
This can be defined as a process that will help in reducing your money worries and, at the same time, be able to support your day-to-day needs. It also helps you to create a way in which, even after your retirement, you will not have money problems. With a good financial plan, you will be able to obtain more properties, expand your businesses and also meet your future goals.
There are many wealthy people who have lost everything they had because they did not have a good financial plan or never had one at all. In that case, a financial plan should not only be for rich people but anyone who wants to grow in their finances. When it comes to financial planning, you will need to have a good planner and advisor. Here are some of the things you should check when you are hiring your financial planner:
Why do you need an experienced financial planner?
The first thing you should check is experience: you cannot hire a financial planner or advisor who doesn’t have any experience. However, you may not know about their experience unless you do some investigations yourself. You can start by checking their background and getting to know the people they have worked for and the number of years they been offering financial advice. When it comes to years, you should know that the longer the planner has been doing this work, the more experienced they are. You cannot hire a financial planner who is just starting and expect them to offer you what you are looking for.
How to find the best financial planning services?
Reviews: you can also know whether the financial planner is ideal for you by going through past clients’ reviews. You can read them on his online website if hey have one. Ensure that you read all of them, both positive and negative reviews. You can even contact some of the clients the financial planner has worked with, and you can inquire more about them. If possible, you can arrange some meetings with them to be sure about everything. When it comes to your finances, you need someone who is trustworthy. According to the reviews, you can easily tell whether to trust that planner or not.
Recommendations and referrals: you can get the best financial advisor from recommendations and referrals. You can ask for referrals from your friends or even family members who already have a financial planner. The best thing about getting a financial planner through recommendation is that you are sure that the planner will offer you the right services. It is also a good idea as you know that your friends or relatives cannot refer you to someone who is not good in this area. You will also save time that you would have spent searching for the right financial planner.
Why hire a qualified and certified financial advisor?
The other thing you need to check is the qualifications and certifications. You need to hire a financial planner who is qualified and one who has all the accreditation needed. It is important for you to see all their certificates and determine whether they are qualified for your work or not. It doesn’t matter whether you are looking for business financial advice or a personal financial advisor, as you need to ensure that they have gained the right skills. Educational qualifications should be a must, and the financial planner or advisor should have a degree in the finance area. In that way, you will have faith in your personal financial advisor, and you will be sure nothing will go wrong with your finances.
How much do financial advisors cost?
You should determine how much the financial advisor charges you for his services: It is essential to know first about the financial advisor’s cost for his services. Ensure that you consider whether you will be able to pay them that money without having a problem. Remember that you might need them for a very long time, which means you will be adding a long-time expense to your accounts. In that case, it will be wise for you to hire a planner who is charging you a reasonable fee. If you find the financial advisor fee is about your budget, you can also find another one.
Apart from finding the right financial planner, what other steps that you need to take?
1.Make sure that you set some financial goals: for a financial plan to be successful, you will need goals to guide the plan. It is important to plan what you want to achieve in five or ten years. It could be either you want to buy a car, a house, expand your business or even retire early. When you have such goals, they will inspire your financial plan as you have to achieve those goals in a specific time.
2.The next thing you need to do is tracking all the money you have assets and direct them to your aims or goals. It is important that you get to know about your monthly cash flow, including what is getting out and what’s getting in. For you to have a good financial plan, you need to have a clear picture of your cash flow, and this can help you to know how you can save more and be able to pay your debts. It will be easier for you to create long-term, medium, and immediate financial plans if you get to know how your money is spent. At this point, independent financial advice will be the best.
3.Be ready for any emergency and ensure that it won’t be a disaster if they happen. You should be careful with emergencies as they can happen at any time and cause you financial problems afterward. To avoid such from happening, the best thing you can do is to set aside emergency funds. It is not a must that you start by setting aside a huge amount of money, but you can have a plan of depositing a certain amount of money each month. Another way you can put shockproof to your budget is by building credit.
4.Dealing with debts with a high-interest rate is another good financial strategy. A good financial advisor will tell you the importance of ensuring that you don’t have loans or debts with high interest. In most cases, you will find that you are repaying twice or thrice the amount of money you borrowed when paying back the loan. If it’s a debt or a loan that you can’t pay at once, it is best to have a debt management plan. You can wrap everything and pay at a specific time as this will lower the interest rate.
