Agenda 1. About Odyssey (5 min) 2. Discovering Your World ( x min) 3. Your Dreams & Goals (x min) 4. How we can help (x min) 5. Next steps: your Odyssey Journey (x min)
Your World How satisfied are you with your current financial situation? Not happy at all 0
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What could be better? • • • What are you good at? • • •
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Everything is perfect
Your Dreams & Goals Prioritising your goals‌ 1. 2. 3. 4. 5.
Our Fee Structure Fee-for-Advice vs. Commissions • • • •
Investment Strategies SMSF/Superannuation Retirement Planning Cashflow Management
→ Upfront fee → Ongoing fee • The fee is charged to you directly. • The fee is based on the complexity of my advice and the servicing your strategy requires throughout the year.
• Personal and Business Insurance • Strategic Business Partner Referrals
→ Upfront commission → Ongoing commission • The commission is received indirectly via provider or business partner. • The commission is based on the premium amount or service provided by business partner.
Families and protection Protect what’s important Reports suggest Australian families are underprotected, leaving themselves at financial risk from accident, illness and death. • One in five families will be impacted by the death of a parent, a serious accident or illness that renders a parent unable to work1 • 3 in 4 our of every Australian will be diagnosed with a serious illness during their working life2 • The typical Australian family will lose half or more of their income following a serious illness, injury or the loss of one parent as a result of underinsurance1
1. NATSEM underinsurance report,2010 2. The National Stroke Foundation
Getting started, the sooner the better These days it’s more important than ever before for people to get a good handle on their finances early on... • • • •
Growing complexity and range of financial products More opportunities to save, borrow, spend and invest Government is encouraging us to make our own decisions regarding superannuation and become self-reliant in retirement Underinsurance in Australia is at chronic levels
How we can help:
Strategies for building wealth There are many strategies we can employ to help you build wealth and secure the lifestyle you want for you and your family. Investment and wealth creation strategies: We can help you take full advantage of your earning capacity to build wealth for the future. Strategies include: • • • •
Borrowing to increase wealth – accelerate your growth potential Regular investment and dollar-cost averaging – smooth returns, benefit from compound returns and build wealth gradually over time Diversification – choose the right investment blend to suit your circumstances and goals Income splitting – minimise tax by splitting income with your partner
How we can help:
Protecting your most important assets Protection: Protection is an important part of every financial plan. So don’t let all your hard work go to waste. We can help you: •
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Choose the right blend and level of insurance to ensure your family, lifestyle and ability to earn an income are properly protected from financial ruin due to accident illness and death. Create a business succession plan for your business so that whether you leave due to ill health, change of business or retirement, you can maximise the sale of your business and ensure it continues to run smoothly.
How we can help:
Superannuation strategies Super is the easiest, most tax-effective way to save for retirement and the sooner you start, the easier it will be in later years to reach the lifestyle you want. Investment strategy We can help you choose the right strategy to suit your needs, comfort with risk and time horizon. It’s likely with more time on your hands, you may want to choose a more aggressive high growth strategy. Consolidating superannuation We can help you track down and consolidate your lost super, saving you money in fees and helping you build wealth for retirement. Salary sacrifice Super is one of the most tax-effective investments so it’s worth considering whether to make extra voluntary before-tax contributions. Government co-contribution Are you or your partner earning a lower income – maybe you’ve taken off a couple of years from work to take care of the kids? If you earn less than $61,920 and you make an eligible after-tax contribution to your super, the Government may match your contribution up to $1,000.
Next steps:
Your Odyssey Journey