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 to understand you, your circumstances and the things that are important to you going forward.
We draw upon the knowledge and experience of a range of financial specialists in formalising our recommendations.
We take a strategic approach to optimise financial outcomes, achieve your goals and realise your full potential.
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Any advice contained in this website is General Advice and does not take into account your objectives, financial situation or needs. Before acting on any General Advice, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) for that product before making any decisions.