Tribel Advisory | Financial planner

Tribel Advisory

Phone: +61 1300 342 923

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22.01.2022 Do you have a self-managed super fund(SMSF)? There are pros and cons to SMSFs, as with any investment vehicle. However, we often find that clients aren't always aware of the finer details of owning an SMSF. Firstly, they differ from industry and retail (APRA) super funds. The costs can be quite high as well, especially if you don't have an appropriate balance in there. The biggest issue we often see is the lack of an investment strategy - which is the key to achieving your fi...nancial goals. There’s also a lot of work involved in owning an SMSF, as well as risk and responsibilities*: You’re personally liable for all fund decisions, at all times You’re responsible for managing your fund No access to any special compensation schemes or tribunals in the event of fraud or theft Your assets need to meet the legislation requirements You need to have regular audits on the fund They can be easily set up, but ongoing management can be both onerous and laden with responsibility. Especially if you're doing it alone. Always work with a financial adviser to make sure you're meeting your requirements and getting the most out of your superannuation investment *Source: moneysmart.gov.au #TribelAdvisory #FinancialWellness #FinancialWellbeing

22.01.2022 Every family has goals they want to work towards. When planning yours, are your children involved in the process? Important life tools such as saving, budgeting and planning for the future aren’t subjects typically taught in school, leaving you to be their teacher. Did you know that teens who were saving at age 12 or 13 were more likely to still be saving at age 16 or 17?* It’s said that kids pick up financial habits as early as 0-7 years old, so it's never too early to start... teaching them about setting goals. By setting some short-term goals, they’ll be motivated to keep saving for that long-term goal. Perhaps they could start by saving for that cool new phone, eventually moving onto buying their first car. Show them how it’s done as a family and they can then learn to set their own financial goals well into their future *Source: growingupinaustralia.gov.au #TribelAdvisory #FinancialWellness #FinancialWellbeing

19.01.2022 How diversified is your investment portfolio? Our initial client discussions are where we set the scene for clients around the diversification of their assets. During this process, we commonly find that clients haven't ever really considered a diversification strategy and don't really understand the benefits. We diversify in order to act as a buffer against single investment failures, such as a drop in the share market, property prices or bond market. By spreading your invest...ments, you lower your risk. We do that by investing in different asset classes, such as: Shares or equities Property - residential and commercial Cash and fixed interest Each asset class then breaks down into even more diversification, such as industry sectors with shares, listed and unlisted property, as well as various types of bonds. Our goal by implementing diversification is to lower your overall portfolio risk. No matter what the economy does, it allows you to be better prepared during the tough times and benefit when things are good. Sound investment planning will help you get closer to your goals Do you have enough diversification? Reach out discuss *Source: moneysmart.gov.au #TribelAdvisory #FinancialWellness #FinancialWellbeing

04.01.2022 For most clients, seeking financial advice from a professional is one of the most daunting things they will do in their life. But only the initial appointment of course. Then they wonder why they didn't do it sooner. It often stems from a need to 'have their house in order' already. They may be judging themselves on their financial success to date and whether they're where they feel they should be. The reality is, there's no official benchmark for financial success - we're al...l different and have different lifestyle and financial goals. Clients like Chris know that working with our advisers is a long term relationship: "I started working with Brian Rafton approximately 5 years ago at which time we commenced an ongoing advice relationship to review and build my retirement savings." - Chris Rowe We lay the foundation of goals, action and tracking from day one. Then we continue to manage and evolve your plan, to make sure you're getting closer to your dreams. Sound like where you'd like to be? We'd love to create a financial roadmap for you to meet your goals. Get in touch if you'd like to know more about working with the team at Tribel #TribelAdvisory #FinancialWellness #FinancialWellbeing

02.01.2022 Creating an estate plan for your family is a smart decision. You want to ensure they’re taken care of in the event of your death. But have you ever considered who manages your estate? This is the role of an Executor. They're responsible for administering your estate when you pass away.... Executors are typically responsible for: Administering the estate as per the law Contacting all relevant parties including beneficiaries Collecting all assets of the estate Finalising income tax returns Distributing the estate in accordance with the Will It’s an incredibly onerous and sensitive role, but a crucial one. Which makes it all the more important that you have the right person nominated. Make sure they can act under pressure, that the task isn't too big for them and that their role limits family friction. Review your Executor periodically to make sure they stay relevant. We help our clients navigate getting the right estate plan in place, as well as reviewing it regularly. Transitioning your wealth to the next generation effectively is important, so don't leave it to chance. Speak to our team to find out how we can help #TribelAdvisory #FinancialWellness #FinancialWellbeingco