Stephen Vick explains the top five wealth creation strategies that represent the most popular, effective and safest means of creating wealth within 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 with intelligent investing can be significant.
Wealth creation strategies involve structuring your affairs to create the best combination of financial opportunities to increase personal wealth.
The process of wealth creation brings together opportunities that exist within the legislative framework of Australia’s banking, investment, superannuation and taxation systems.
Of course, this must be done in the context of your personal goals, your risk profile, your financial position, and your attitude towards money. The best-laid plan can be undone if you’re not comfortable with the journey.
Even if you’re simply trying to make the most of the position you’re currently in, wealth accumulation planning by a qualified adviser will provide real value. There are very few people whose financial positions can’t be significantly improved with our process.
|Internally Geared Funds|
|Limited Recourse Loans|
|Account Based Pensions|
|Life, TPD & Trauma|
|Insurance in Super|
|Incremental Savings Plans|
|Power of Attorney|
|Death Benefit Nominations|
The products used to implement these strategies will add to the overall result, but it’s the strategies themselves that will contribute most to your overall outcome. We use sophisticated planning software for financial analysis and cash flow modelling to evaluate scenarios and find the best financial outcome for you.
The first step is for us to understand where you are now and have a clear picture of where you want to be and the things that are important to you.
We prepare well-considered plans that draw on a vast array of financial strategies and practical experience to achieve your objectives.
Our connected team of specialists take a collaborative approach to ensure superior outcomes now and into the future.
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Nexus Private Wealth Management is made up of the following companies: Financial Planning Advice is provided by Nexus Private Financial Planning Pty Ltd – ABN 58 159 649 055. Authorised Representative of Madison Financial Group Pty Ltd (MFG) – ABN 36 002 459 001 (AFSL No. 246679) | Investment Property Advice is provided by Nexus Private Property Servies Pty Ltd – ABN 52 159 828 038 (REA no. 3565433) | Lending services are provided by Nexus Private Lending Services Pty Ltd – ABN 37 169 705 926 (ACL no. 463839) | Accounting and Taxation services are provided by Nexus Private Accounting Services Pty Ltd – ABN 84 169 784 329 (RTA no. 25331778)
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