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

SUCCESS STORIES WITH EVALESCO

Investment check up

by Kathryn Fitch-Daniels | 19 February 2018

What were their challenges?

Going down to one income for a young family as your partner starts their own business can be tough. It makes cashflow tight and you feel you never have money to save at the end of each month.

They thought they had things sorted. Lucky to be receiving shares through employer share plan. Their home loan had high interest rate and was no longer suitable for their changed circumstances. To top it off they had insurances but they hadn’t been reviewed for years and premiums were growing rapidly.

What did they overcome?

We started with cashflow, with bills to be managed upfront & provisioned for accordingly. With Anne’s business now separated from the family cashflow, household tensions reduced.

Cashflow started to increase due to the lower insurance premiums and reduced loan repayments, allowing for a regular savings plan. They were able to renovate the back garden and can now plan for family holiday in next 12 months that they hadn’t been able to afford before advice.

How did I help?

Refinancing their home loan not only lowered their interest repayments but created a nice cash buffer for emergencies as well as smoothing out the cashflow. We reviewed their insurances which resulted in lowering their premiums, removing existing loadings while also obtaining more relevant cover.

With our investment management in place to manage their share plan as well as starting to diversify their growing wealth. A review of their super meant their super fund fees reduced and additional contribution strategies in place for Anne’s super which was not a previous consideration with being self employed.

What did they learn that I can share?

Outsourcing financial management reduced strain on their relationship and now they are both clear on what is important to them individually as well as a family. Anne personally now has a better understanding of finances through attending our meetings and taking part of our education facilities.

HOW WE HELPED IN PARTICULAR

Completed an Evalesco Health check on their home loans

Refinanced existing loans

Lowered insurance premiums, obtained relevant cover

Reduced superannuation fees

Implemented a super contribution strategy

SHARE OUR INSIGHTS

Share on Facebook

Share on Email

Share on Linkedin

NEWSLETTER

Sign up to get the latest insights with our newsletter delivered straight to your inbox

Slide

“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.

Slide

“Why should I pay for financial advice?”

The fees we charge for financial advice is only a fraction of the value we derive for our clients, meaning our clients are always better off after seeing us. Rarely do we encounter a new client invested appropriately for their needs, with adequate risk protection, structuring and estate planning provisions in place. Even small tweaks to a financial plan over a long period of time can result in drastically better outcomes for our clients which eclipses the fees of the financial advice. Additionally, you can opt-out of an ongoing fee arrangement at any time.

Slide

“How do you charge for your services?”

In our discovery meeting with you our advisers discuss the initial advice fee and the ongoing fees associated with our services.

Slide

“What is the process for getting your own personal financial plan?”

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 answering any questions you may have, you will sign the authority to proceed and complete any application forms before we implement our recommendations detailed in the SoA.

Slide

“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

Slide

“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.

Slide

“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.