Investment Planning

Meeting your goals

A financial plan can provide direction and discipline. When making long-term plans the first step is to set out your financial goals, which means deciding what you want to achieve and by when.

Many people find it easier to identify short- and medium-term goals of up to five years. These may include buying a bigger home, acquiring an investment property, saving for your children’s education or building a share portfolio. Long-term goals of five years, 10 years or beyond may be less precise, however they should also be reviewed regularly in response to changes in the markets, government legislation and your own situation.

We’ll discuss your attitude towards the various risks and returns of investing to establish your risk profile. We’ll look at your present financial position, including your total assets and debts. We’ll also consider your career plans – in particular, how long you wish to work full-time – so we can estimate your future income and savings potential.

After determining your goals and risk profile, we will suggest different strategies and investments that will meet your needs. For example, superannuation may suit someone wishing to minimise their long-term tax liability, whereas if you are seeking high growth over a long period and are comfortable taking on more risk, you might consider a geared investment.

A comprehensive financial plan will also look at how you can use insurance to help protect your loved ones and your way of life in case of unexpected events.