Making the most of your financial position

Wealth accumulation strategies have very little to do with product performance and a lot to do with structuring your affairs in order to achieve the optimal combination of financial opportunities to increase personal wealth.

The process of Wealth Accumulation brings together a comprehensive set of strategies and opportunities that exist within the legislative framework of Australia’s Banking, Investment, Superannuation and Taxation systems. This process requires a comprehensive analysis of your current financial position and the financial objectives you have for yourself and your family.

wealth accumulation

Of course, this must be done in the context of your own personal goals, your risk profile, and your attitudes towards money as the best laid plan can be undone if you are not comfortable with the journey. For those of you simply trying to make the most of the position you’re currently in, Wealth Creation planning by a qualified adviser is an important process to undertake. There are very few people whose financial positions can’t be significantly improved by undergoing this process.

Top 5 Wealth Creation Strategies Explained

Stephen Vick (Director of Nexus) explains the top 5 wealth creation strategies that represent the most popular, effective and safest means for creating wealth in the Australian financial system.

Wealth creation strategies are typically designed to increase return on investment and take advantage of the many structural opportunities to achieve savings in tax, duties, bank interest, product fees, professional fees, and risk. The compounding effect of combining multiple strategies can be significant.

Over 50 wealth accumulation strategies are considered

A combination of strategies may be utilised, if appropriate, to pursue optimal wealth performance.

Cash Flow Management

  • Incremental Savings Plans
  • Equity Optimisation
  • Centrelink Optimisation
  • Government Subsidies
  • Expense Funding
  • Cash Flow Modelling
  • Scenario Modelling

Risk Management

  • Income Protection
  • Asset Protection
  • Business Succession
  • Anti Detriment
  • Insurance in Super
  • Hedging via Managed Funds

Super Strategies

  • Salary Sacrifice
  • Retirement Planning
  • Non-Concessional Contributions
  • Account Based Pensions
  • TTR Pensions
  • Re-Contribution
  • Spousal Contributions

Gearing Strategies

  • Negative Gearing
  • Instalment Gearing
  • Instalment Warrants
  • Internally Geared Funds
  • Double Gearing
  • Limited Recourse Borrowing

Debt Management

  • Consolidation
  • Debt Reduction
  • Debt Recycling
  • Debt Wash
  • Reverse Mortgages
  • Margin Lending
  • Investment Structuring

Portfolio Management

  • Risk Profiling
  • Asset Allocation
  • Correlation Analysis
  • Managed Portfolios
  • Dollar-Cost Averaging
  • Wholesale Investing
  • Rebalancing
  • Property Acquisition

Estate Planning

  • Wills
  • Power of Attorney
  • Death Nominations
  • Medical Directives
  • Financial Agreements
  • Testamentary Trusts
  • Succession Planning

Tax Minimisation

  • Discretionary Trusts
  • Salary Packaging
  • Income Splitting
  • Interest Pre-Payment
  • SMSFs
  • CGT Minimisation
  • Gifting
  • ETPs

These strategies are independent of specific product performance or investment returns and focus on the most effective arrangement of your financial affairs. Products chosen to implement these strategies should add to the overall result, however, it is the strategies themselves that will make the major contribution to your overall outcome. Financial analysis and cash-flow modelling using sophisticated planning software helps us find the optimal mix of strategies to determine the best financial outcome for you.

Here at Nexus Private, we take a very educational and consultative approach to advice, explaining concepts in terms you can understand. To find out whether you can benefit from any of the above wealth creation strategies, register now for your FREE Wealth Plan Review or simply call us on 1300 473 347.

We’re sharing the Top 5 Wealth Creation Strategies for Modern Australians.

top 5 wealth creation strategies for the modern australian

An easy to understand approach for improving personal finances.

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