You’ll find this image, created by local Queensland artist and photographer Mike Rolfe, featured in our offices. The image you see has been created by carefully deconstructing and recrafting a single photograph. Upon learning more about the artistic process involved, we could see an instant synergy between this distinct piece and the work we do each and every day. For us it acts as a powerful reminder of the need to look beyond the surface – for only when we look at the big picture through the lens of its intricacies, can true insight be revealed.
Getting to know us At Praescius we believe life is for living and nothing makes us happier than when we’re helping others to plan for their future. Why? Because we believe that taking the time to plan, is taking the time to live. We also know that when it comes to choosing who to entrust with your future, it isn’t always easy. But it doesn’t have to be this way. That’s why we think it’s important that you get to know us, and we you. As you read on, you’ll naturally find information about what we do. Yet we also wanted to share with you who we are, what we believe in, why we’re different and what that means for you.
Future, meet insight.
Our name says it all Praescius /prae-see-us/ is Latin for ‘having forethought’ or as we like to think of it, planning to know in advance. That’s what we do. We help others to plan for their future today. But it’s more than that. For us, it’s about empowering people to live the life they want, by ensuring they get the advice they need.
P U T S I M P L Y, Y O U R P L A N S A R E O U R P U R P O S E .
Benjamin Franklin once said, “An investment in knowledge pays the best interest” and we agree. Praescius is people and knowledge working together for you; our insights, empowering your future.
Our values We know that establishing clarity around what you truly value can pay dividends in the long run. And when it comes to managing your finances, shared values are just as important. Here’s what matters most to us – our way of thinking and how we ‘show up’ each and every day.
GENUINE
We are people like you, with future plans, visions and goals. That’s why we treat our client’s money with the same respect as we would our own.
R E L AT I O N S H I P S
We put people first. Always. Simple.
WE PUT KNOWLEDGE TO WORK
We work collaboratively to deliver great outcomes for our clients; it’s the way in which we apply our expertise and expand our thinking that defines our difference.
ACCESSIBILITY
Financial security shouldn’t be for a select few; everyone has the right to receive the right advice and to enjoy financial wellbeing.
DO MORE
Honesty and accountability provide the foundation for trust. We recognise the responsibility we hold when investing our client’s money and see this as an opportunity to go above and beyond – to ‘do more’, not less.
SENSE OF HUMOUR
Sense of life. We don’t take ourselves too seriously and when it comes to investing we want our clients to enjoy making their plans, as much as they do celebrating their achievements.
Our purpose We provide trusted financial advice to help people achieve their goals sooner. WHY DO WE DO IT?
At Praescius our purpose is simple – we empower people to live the life they want by ensuring they get the advice they need.
Our beliefs LIFE IS FOR LIVING.
TA K I N G A 3 6 0 V I E W.
We know money doesn’t buy happiness but that financial freedom empowers you to live more and do more, particularly in retirement.
A plan is not simply holding an investment. We believe that success is achieved when a holistic view is taken. For this reason, a clear and actionable strategy must be in place for each goal.
WITH YOU FOR LIFE.
We believe that ongoing advice keeps our clients on track and gives them the best chance of achieving their goals.
D E C I S I O N M A K I N G M A D E E A S Y.
Becoming ‘financially fit’ shouldn’t be overwhelming or hard to understand. We believe in making it easy, by breaking down complex decisions into a series of smaller ones.
FINANCIAL INDEPENDENCE IS T H E U LT I M AT E G O A L .
We believe that you invest only so that one day you no longer have to work – not for any reason other than securing financial independence.
FORWARD THINKING.
We believe that if we are to continue to innovate we should never be static. The best solutions come from remaining curious about what we do.
WHILE WE CAN’T PREDICT THE FUTURE, WE KNOW CHANGE W I L L A LW AY S B E C O N S TA N T.
E D U C AT I N G C L I E N T S I M P R O V E S INVESTMENT RETURNS.
We believe that you can’t set and forget a strategy. Life changes and we must be prepared to respond accordingly.
We work in partnership with our clients to help them make the right investment decisions at the right time.
S U S TA I N A B L E W E A LT H .
We believe in helping our clients achieve sustainable financial futures.
Great answers start with good questions WHERE DO I SEE MYSELF IN THE FUTURE? IN 10 YEARS, 20 YEARS TIME?
What’s important to me? What should I even be planning for; my children’s education, buying a home, starting a business, going on holidays? What do I want retirement to look like and how do I see life in between? When and how should I invest? Should I save or act now?
If you’ve been contemplating your future and how you can actively work towards fulfilling your goals, then a financial planner can help. At Praescius everything we do is in the spirit of empowering others. That’s why we believe our role is to help you question, establish a sense of clarity and to arm you with knowledge so that you can plan with confidence.
WE EMPOWER OUR CLIENTS TO:
• Love what they do and enjoy making plans. • Identify what’s truly important to them – not just what’s sitting on the surface. • Take charge of their future and what it will look like. • Get started, stay on track. • Be realistic in their goal setting. • Improve their understanding of investing and their financial literacy. • Grow their wealth by investing in knowledge. • Question to understand and as a result make smarter choices based on their individual goals. • Invest with confidence.
The advice process 01
02
03
DEFINING THE SCOPE OF ENGAGEMENT
L AY I N G T H E F O U N D AT I O N S
LO O K I N G AT T H E COMPLETE PICTURE
Guiding you to financial independence starts with taking an open, honest and in-depth look at your life today, understanding the choices you’ll need to make in the future and how this will influence the goals you seek to achieve.
You may have heard the saying, “A goal without a plan is just a wish.”
Once we’ve identified your goals, we’ll look to build a deeper understanding of your finances. For example, any existing loans or assets such as shares or an investment property that you may hold, right through to your super fund and insurances.
This will enable us to define the scope of advice you’ll need.
Think of your first meeting with us as laying the foundations for your future – an opportunity for you to talk, us to listen and in questioning, reveal a clear set of specific and targeted goals.
We know the thought of wading through your paperwork is probably as appealing as getting your tax done, so providing you grant us authorisation to access your details, we’ll liaise directly with each individual provider to gather the information for you.
04 K N O W L E D G E AT W O R K F O R YO U
Using your goals as the criteria, we’ll draw on our expertise to develop a plan tailored to your needs – consider it the point in time where your future, meets insight. A good financial plan should act as a roadmap for life with timeframe and purpose contextualising each waypoint. Our plans move beyond ‘generalised advice’ and instead specify a target and a strategy for achieving each individual goal; those goals that collectively enable you to live your life, not just enjoy your retirement.
05
06
07
PRESENTING YOU WITH YOUR PLAN
YOUR FUTURE, IN ACTION
WITH YOU FOR LIFE
After completing your plan, we’ll provide you with a formal Statement of Advice and arrange a time to discuss it in person. This allows us to confirm it meets both your needs and expectations.
From here on in, it’s all action as we start to implement your plan for you. The steps at this stage will be dependent on the strategies we’ve chosen to apply and may involve us working together with our industry partners – for example fund managers, accountants, mortgage brokers or solicitors.
One of our firmly held beliefs is that you can’t set and forget a strategy. So once everything is in place, we’ll contact you periodically to arrange a time to ‘reflect and review’. And if life changes in between, well then it’s time to pick up the phone and book an appointment with your financial planner.
Strategy in action Question I’m hoping to retire but am worried how long my money will last? What strategies can I adopt at this stage to ensure I can meet my needs throughout retirement?
Question I’m currently paying off my home loan, but don’t have any other assets working to create wealth. I worry that if I focus on my home loan alone, I’m not allowing myself time to secure any high growth, long-term investments. Is there a way I can do both?
SOLUTION
The best way to prepare for your retirement is to understand the relationship between your goals and your timeframe for achieving them. This will enable us to ensure the capital you have is invested correctly for you.
SOLUTION
Securing assets while decreasing non-tax deductible debt - commonly referred to as ‘bad’ debt - can be achieved through what’s known as a debt recycling strategy.
HOW IT WORKS
STEP
1
e’ll work to understand how you W envisage your retirement. What does it look like? What are your main priorities? This will enable us to determine how much is required to fund this lifestyle.
We’ll identify if your goals are realistic STEP or whether alternative goals should be set.
2
STEP We’ll ensure your investment portfolio is structured correctly. At Praescius we use three distinct buckets to construct portfolios. Each has been designed with the characteristics required to support different time horizons – short, medium and long-term. The short term bucket, for example, provides greater security but will produce lower returns than the long-term bucket. In retirement, it’s important to get the mix right.
3
HOW IT WORKS
STEP We’ll review your home loan to ensure it has all the features that will enable you to redraw from your home loan for the purposes of investing. Our industry partners will help assess if you are getting the best interest rate and value from your home loan. STEP We’ll review your budget to identify any surplus cash you can regularly contribute to your loan. As you continue to build equity in your home, we’ll redraw this to invest in a diversified portfolio of assets designed to provide regular distributions and tax benefits.
1
2
All income and tax benefits that are STEP generated from the investment are used to repay your home loan sooner. Over time, the non-deducible (bad) debt is converted to deductible (good) debt, achieving your goal to simultaneously repay your home loan sooner, and build wealth for your future.
3
Praescius is someone local, with global insight W E U N D E R S TA N D T H E I M P O R TA N C E O F A FA M I L I A R FACE AND IN OUR EYES, COMMUNITY IS BEING LOCAL AND ACCESSIBLE TO OUR CLIENTS.
So when you’re speaking with a Praescius Financial Planner, you’re not only working alongside someone with great local knowledge – you’re connecting with global insights and a team of professionals who hold a deep understanding of the world around them. People who know what this means for financial markets, the economy and ultimately your wealth.
People...just like you At Praescius, we are people just like you. So we understand what it feels like to have goals, ambitions and fears. We get it. We’re human too. We know that accessing financial advice can be met with a level of apprehension, even for the seasoned investor. And rightly so, it is your future we’re talking about. It can be difficult to know where to start and the steps to take, right through to the type of advice you’ll need. We see it all the time. In our eyes, getting your ‘financial life’ in order can and should be a positive experience. Yes, there will be ups and downs but planning ahead and making the choice to make it happen should be enjoyable.
Here’s some of the reasons why our clients have come to us, the questions they’ve sought answers to, the concerns they’ve confronted and how we can help. THE PLANNERS.
The majority of our clients come to us seeking advice as to how they can put plans in place that will not only secure their retirement, but strategies to support them during the various stages of life.
TIME FLIES.
We’ve all experienced that feeling and sudden realisation that the ‘future’ is closer than it once seemed. If there’s one piece of advice that we can give to you, and to anyone, is that it’s never too late to start putting plans in place.
BRAVING A BOLD NEW WORLD.
The business landscape has continued to evolve and now more than ever, we’re helping all sorts of clients, from business owners to personal investors, take advantage of new opportunities through effective and innovative wealth management strategies.
T H E C O N T E M P L ATO R S .
Experience has shown us that many people delay seeking advice simply because they feel overwhelmed by the decision making process. That’s why we provide advice that is clear and easy to understand.
T I M I N G I S N ’ T A LWAY S EVERYTHING WHEN S TA R T I N G O U T.
Yes – good timing is great, but if you’re waiting for that moment when markets appear calm and the world in total order before you decide to take the next step, you may be waiting a long time.
We don’t delineate between your ‘life’ and your ‘finances’. One should not be governed solely by the other. That’s why we seek to provide you with complete financial advice – not just a financial plan nor just an investment portfolio. And whether the market is up, or down, the best thing you can do is simply commit to getting started today... not tomorrow.
And finally... WE ARE YOUR LIKEABLE EXPERTS, PROFICIENT AND INFORMED, YET DOWN-TO-EARTH AND UNASSUMING.
Prepared to have a laugh, while remaining focused on our endeavour. We question, seek, and find with unwavering focus. We’re interested in life, not fancy suits. We’re interested in your future, not transactions. We are real people, who seek to establish genuine and meaningful connections with real people just like you.
Our offices BRISBANE T: 07 3999 9015 PO Box 235, Bulimba QLD 4171 brisbane@pfinancial.com.au DARWIN T: 08 8941 2916 GPO Box 1197, Darwin NT 0801 clientservices@pfinancial.com.au H E R V E Y B AY T: 07 4124 2499 PO Box 353, Hervey Bay QLD 4655 herveybay@pfinancial.com.au NARELLAN T: 02 4648 3467 PO Box 375, Narellan NSW 2567 nswclientservices@pfinancial.com.au THORNLEIGH T: 02 9884 9990 PO Box 214, Thornleigh NSW 2120 nswclientservices@pfinancial.com.au
PFINANCIAL.COM.AU
PRAESCIUS FINANCIAL HOLDINGS PTY LTD ABN 14 610 960 980 AUSTRALIAN FINANCIAL SERVICES LICENSEE 486455
This brochure has been designed to demonstrate how we work at Praescius, not as financial advice to any particular reader. The examples and information included in this brochure may not be suitable for you and it is important that you seek personal financial advice before embarking on any financial strategy or investment.
BRISBANE T: 07 3999 9015
DARWIN T: 08 8941 2916
HERVEY BAY T: 07 4124 2499
PFINANCIAL.COM.AU
NARELLAN T: 02 4648 3467
THORNLEIGH T: 02 9884 9990