How long does it take to organise insurance?

What types of Insurance are there and how much do I need of each?

What type of premiums should my insurance be on? Stepped, or Level?

I’ve been told by my doctor to take a couple of months off work, what do I do?

Call US on 1300 077 123 to discuss if a claim on your policy is an option. We are proud to say that we have assisted over 1,000 clients with their claims over the last nearly 20 years, and will always be here for you when you need us most!

What is the difference between Trauma cover and Total & Permanent Disability (TPD)?

  • Trauma cover pays out in the event you suffer very specific medical events, such as diagnosis of malignant cancer, heart attack, stroke, blindness, paraplegia, etc. Most policies will cover around 45 or more defined medical events and are payable upon diagnosis and surviving for at least 14 days after that diagnosis. The benefits are not taxable, nor are the premiums tax deductible, and it cannot be owned via a super fund. A Trauma policy is not dependant on if you can continue working or not, it is based purely on the event meeting a policy definition and is paid out almost immediately after meeting that definition.
  • Total & Permanent Disability (TPD) will pay out in the event that you are rendered unable to EVER work again in your own occupation (or another that you are suited for, depending on the policy definition). There is quite often a period of time that you have to be off work before qualifying to claim (3 or 6 months usually) and your treating doctor then has to state that it is unlikely you will EVER return to work again. Due to the wider ranging medical evidence and opinion required, TPD claims can be substantially harder to prove and therefore take substantially longer to get approved for payment! TPD policies aren’t so concerned about “which” medical event has caused you to cease work but more about the effect it has had on your ability to work in the long term.
  • There are some crossover conditions where a claim could be paid under both a Trauma and a TPD policy. As an example, if you were diagnosed with Parkinson’s Disease, you could be eligible for a Trauma claim soon after diagnosis. With TPD, the policy will only consider payment when the condition has caused you to cease work for a period of time. In the instance of Parkinson’s, it could be years between the time of diagnosis to a point where it renders you unable to ever work again.

Do I need to save "$X" amount of money, prior to starting a wealth creation plan?

Generally.. no! As long as you have an adequate surplus, and you have the ability to allocate a certain percentage of your income to regularly investing, it’s never too early to start. At the very least, we can see where you are at now, and put a plan in place to start building wealth when you are ready in the future (eg, if you are about to purchase a home/practice). Even then, we can always provide some advice on your superannuation fund / estate plan / etc.

Do you pick stocks for me? What’s the next?

No. We are financial planners, not stockbrokers. We look at your short/medium/long-term goals, and plan your future, by way of calculating how much you will need, and starting/continuing an investment plan for you. We partner with industry professionals/managers, who manage your portfolio.

They do not speculate, and their goals are to provide consistent, long-term returns, in an extremely cost/tax-efficient way.

The market looks high right now, should I hold off from investing?

No one can tell the future.. and most of the time, people who hold off, are worse off over the long term. We don’t try and time the market, but we prefer to have time IN the market. This is also why we ‘Dollar Cost Average’ to average out the purchase prices of your investments, so we welcome volatility – as it presents opportunity.

Will you invest on my behalf, or will I need to do this myself?

We will look at your goals, your current situation and calculate how much you are able to invest. From there, we will conduct formal research on your ‘risk-appetite,’ then provide you with our advice on what you should invest in, within a formal ‘statement of advice,’ which will be tailored to suit your current situation. This will include our research on the market, as to what kinds of investments we have selected for you, and we will implement this all on your behalf, and regularly review your portfolio. Our client’s appreciate that we can take this off their hands, so they can focus on what they do best (career, family, etc), and we’ll focus on what we do best (meeting your goals!!).

How much will you charge me? And/or, will you get commissions for the investments/superannuation funds you advise for me?

We are a flat fee-for-service firm. This means that the fees we receive for our advice for your investments/superfunds, will be what you pay us. That’s it.

With regards to ‘how much,’ this completely depends on how many hours our office is required to spend working with you and managing your portfolio. We work on an hourly-basis, and charge appropriately from there, so you will need to contact us to find out how much a financial plan would cost you.

I already have a portfolio of shares/ETFs/property/etc, why would I need your help?

Firstly, that’s great! We’re glad you’re thinking about your future-self, and investing.. However, do you know exactly how much you need to be investing for your specific goals? Which asset classes you should be holding (and their respective allocations/percentages)? Exactly how much you are paying in fees/brokerage (within your super, as well!)? Are your taking too much risk, for the returns you are receiving (risk-adjusted returns)? How tax-efficient your portfolio is (appropriate structures, turnover rate, etc)? How regularly do you rebalance your portfolio? If your portfolio is ‘liquid’ enough? How much time do you spend managing this portfolio? How hard is it to manage your portfolio at tax time, and do you know what to give your accountant?

If you can’t confidently answer most of the above questions, we could likely provide some value for you.

Did you know that on average, according to Dalbar, the average equity fund investor has earned a market return of only 4.25% over the last 20 years?

Can you tell me which property to buy?

We cannot specifically advise you with which property to buy, however – we’re more than happy to put you in touch with someone who can (buyer’s agent, etc), if you would not like to spend the time doing this yourself. We can, however, calculate and model what adding a property to your portfolio would look like, for your future.

Should I buy Property or Shares?

This completely depends on your situation and goals. Both have their own pros and cons, we are big advocates of both.