look at your money and your life from a fresh perspective
from our clients‌
LG Financial Strategies were prepared to listen to me and discern my needs, and accordingly tailor a suitable result.
Thank you LG Financial Strategies for your patience and understanding with the money issues that we experienced throughout the years.
why do you need financial advice?
so what are your life’s goals?
It is widely accepted that financial security is one of the cornerstones of a successful and happy life. Having enough money doesn’t buy happiness in itself, but provides a basis to help you to achieve your life’s goals.
That’s for you to decide! Every person is unique and has a unique set of goals. Our role is to work with you to plan ways of achieving those very personal and important objectives.
how can LG assist you? our aim is to improve your life. Our business is about understanding you and what you want in life. We clearly inform you of your options, help you make decisions and regularly check that everything is on track. We guide you through a step by step, easy to understand and consultative process, where you’re in control and have a definite plan about your financial future and well being. With trust in us and confidence about your financial future, you will have the freedom and time to focus on other important aspects of your life.
financial advice To some people it’s about investment planning. To others it is tax planning, estate planning or insurance. It is all of these things, and more. We focus on you and on your total situation, needs and objectives. You can’t consider tax without looking at your investments. You can’t maximise your income without looking at your total financial position. Each of these things affects your lifestyle. Our approach is to look at your entire financial position and what you want to achieve, and we then create an individual strategy to help you get there. And your plan will be different to everyone else’s because no two people are the same…and it will evolve over time, as your life evolves.
LG are advice specialists Making the right choices with your money helps you enjoy more of the things we all want: financial security, freedom and a sense of control. We can help you make sense of all your options and choices so you can achieve financial people of mind. LG Financial Strategies specialises in providing people with personal financial advice and have helped hundreds of people: • Achieve financial independence • Plan successfully for retirement • Invest smarter to build wealth over the long term • Deal with the financial impacts of changes in personal circumstances • Manage inheritance and estate planning issues • Plan for current and future expenses.
when should you seek financial advice? Take a moment to think about all the personal changes that might occur in your lifetime changes to work (retrenchment or redundancy) and career changes, relationship changes such as marriage or divorce, health issues, the changing needs of your parents or children. Now think about all the financial challenges you will face in your lifetime– investment market fluctuations, new government legislation, changes to rules affecting superannuation, interest rates hikes, currency swings. The list goes on. Financial advice can help you manage any changes that come your way so you can stay on track to achieve your goals.
advice at every stage of your life
how much money will be enough?
We will help your convert your work income and investments to a “spending plan� to meet your current living expenses and projected future expenses in later stages of your life.
20s
30s
40s
50s
60s
70s
saving, education expenses, travel
mortgage, kids, career changes
career changes, upgrading car or home, changing needs of parents and children
planning for retirement, travel, consider working part-time
Retirement, sea-change or tree-change, enjoying lifestyle, grandchildren
Exploring new interests, grandchildren, perhaps aged care considerations.
Budgeting wisely for current expenditures, spending less than you earn
Risk protection strategies, budgeting and long-term investments
Allocating money for future spending, superannuation
Estate planning, retirement planning, continguency planning
Funding lifestyle goals, budgeting and cash flow, Centrelink considerations, estate planning
Aged care options
areas of advice
key financial decisions
age
This graph shows some of the challenges you might face at certain points in your life. Financial advice can help you meet these challenges, plan around them and stay on track to achieve your goals.
a client story “Peter and Margaret Wilson� were in their late fifties and planned to retire from work in about five years, as long as they could be confident about having enough of a nest-egg. We assisted them in preparing a retirement expense budget, not only so that their usual living expenses would be met, but also planning for special needs including overseas holidays and replacement of their car every eight years. They also (perhaps optimistically!) wanted to set aside $20,000 for wedding expenses for their younger daughter. Even though Peter was still working full time, we advised him to commence a pension now with his existing superannuation account, and use the increased cashflow to allow him to salary sacrifice more of his gross salary into superannuation.
This strategy allowed Peter to save almost $40,000 in tax over the next five years, and grow his retirement nest egg by a similar amount - and they didn’t even have to reduce their current spending levels! Margaret then introduced their son Andrew to us. He and his wife Jan had a large mortgage debt, a young child (and another planned!) and Jan was not planning to return to work for at least another five years. We established an interim budget plan while Jan was not working and a forward budget for when she returned to work. At that time they could increase their mortgage repayments to save on interest costs and fund future education expenses.
We also established appropriate Disability Income insurance for Andrew, as his ongoing work income was the cornerstone of their future financial security. Life insurance and other risk issues were also addressed as well as strategies for their Wills. That way if something unfortunate did happen, their children would be looked after financially and that gave them some peace of mind.
you will have to pay us!
who is LG Financial Strategies?
We firmly believe that the best way to create an open and honest relationship with our clients is to be transparent with all our fees. We take pride in delivering the highest quality advice to our valued clients and we charge for this service, based on an hourly fee rate which is indexed each year.
We have been helping people like you to plan for their future since 1994.
our fee basis is as follows: • First introductory meeting with one of our experienced financial advisers is free • All advice is then charged on advice/cost basis. We provide you with a fee quotation before commencing work. • We will rebate to you all initial and ongoing investment commissions (if any). • Implementation of any insurances (if required) does not attract a fee to you, as we are paid by the insurer.
LG is a Corporate Authorised Representative of Charter Financial Planning (Licence 234665). We have a strong team of committed people to take care of you.
advisers: Rohan Gulasekharam CFP, over 30 years experience Authorised Representative Charter Financial Planning Teresa Leake CFP, over 30 years experience Authorised Representative Charter Financial Planning Andrew Bell ADFS, over 10 years experience Authorised Representative Charter Financial Planning
from our clients… LG Financial Strategies have the skills to set out financial complexities and options in well-understood and credible manner, so we can make our own decisions.
For more information go to www.lgfs.com.au
LG Financial Strategies Pty Ltd ACN 081 034 942 ABN 90 558 670 297 Corporate Authorised Representative Suite 5, Level 3, 499 St Kilda Road, Melbourne, Vic 3004 PO Box 7171, St Kilda Road, Melbourne, Vic 8004 Tel Fax
(03) 9860 4900 (03) 9860 4999
Email rohang@lgfs.com.au teresal@lgfs.com.au andrewb@lgfs.com.au Web www.lgfs.com.au
The material contained herein is solely for the person to whom it has been addressed and, while we believe that such material is correct, no warranty of accuracy, reliability or completeness is given and, except for liability under statute which cannot be excluded, no liability for errors or omissions is accepted.