Wealth Planning

Please click on the section of the diagram below you wish to know more about.

Introduction

Building wealth is what most people aspire to.

Whether you are a salary earner or business owner, your income is only the beginning of how you can accumulate wealth.

As an intelligent person, you know it’s smart to make your money work for you. Owning your own home or an investment property and maybe a share portfolio are all things that you have thought about (or you may already have), but can you be sure they’ll get you where you want to be?

Whether that’s…

  • Goal setting advice
  • Cashflow and budgeting
  • Structuring and tax strategies
  • Understanding your risk profile for investing
  • Investment portfolio construction and advice
  • Superannuation strategies (including Self-Managed Superannuation Funds)
  • Protection for your income, your family and your wealth
  • Setting up your children’s future

We can act as your financial coach to help guide you through the maze of financial information to provide clear solutions that are right for you.

First time client? Click 'Read More' to download our 'What to bring to your first appointment' factsheet and get the most out of your consultation. Read More

Read our Financial Servies Guide Read more.

Profiles of our advisers:

Greg Burton: Read more

Wayne Turner: Read more

Daniel Ellis: Read more

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About us

Carrick Aland Wealth Planning Pty Ltd is the Financial Planning division of Carrick Aland Accountants. It is licensed to provide Financial Advice as a Corporate Authorised Representative of Millennium 3 Financial Services Pty Ltd, one of Australia’s leading Financial Planning Groups. Millennium 3 captures that same independent minded nature that we use in providing services to you.

We understand that making good financial decisions are one of the most important things in life, the impact of which can strongly influence your lifestyle choices.

 

How we can add value to you

  • We take the time to listen and understand you.
  • We work with you to design and implement peace of mind solutions that are explained to you in plain English.
  • We take the confusion out of financial decisions to allow you to be in control.
  • We genuinely care for you and your financial future.
  • We provide a professional efficient service in a friendly and approachable manner.
  • We are here for the long term, we develop lifelong relationships.
  • We are happy to meet with you at your place or ours.

 

How we operate

We have access to a comprehensive range of products that have been scrutinised, tested and approved by Morningstar, the worlds leading research provider. Morningstar avoids any conflicts of interest in the production of its research data by not receiving payment from the managers themselves. Instead it receives income from the sale of its research.

  • As professionals, our fees are fully transparent, clearly outlined upfront in our Letter of Engagement and agreed upon prior to commencement of work so there are no surprises.
  • Our remuneration does not vary with the specific product recommended (nor is product selection influenced by institutional ownership)
  • Our recommendations are made in the best interests of the client.
  • Our strategies are unique, innovative and tailored to our clients.
  • Our clients benefit from our many years of experience of working with other clients

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Investment management

Sound like you?

Life seems to have a habit of getting busier all the time. Often as a result things like maintaining your investment portfolio can easily be neglected. You know how important it is to get your investments in order, but finding the time is difficult…

Do you ever feel like you are drowning in paperwork, yet don’t seem to have a good handle on your current financial position.

 

Our Solution

We are able to remove much of the day to day paperwork, and simplify your financial affairs whilst at the same time managing your investments on your behalf. Our recommendations will depend on what is best suited to you.

 

Our Investment Philosophy

  • First and foremost, we fully appreciate that it is your hard earned money that we are charged with managing.
  • We believe that investing in quality investment assets over the long term will deliver superior investment returns.
  • We believe in the benefits of carefully managed diversification. This is a proven method to manage investment risk.
  • We don’t believe in timing the market as this is near impossible to do consistently at both entry points. Having said that we do use strategies that manage the risk of timing investments and are aware of valuation factors present in different market conditions.
  • We don’t believe in investing in something that you do not understand. Investment risks always need to be carefully understood.

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Savings and Accumulation Strategies

Does this sound familiar to you?

Whether you are a business owner or an employee, you seem to be working harder than ever but just don’t seem to be getting ahead. At tax time when you see how much money you earned for the year, you will often say… where did that all go?

 

Our Solution

By sitting down with you to review your budget, debt and cash flow management, we can build a plan for your future to create, utilise and maximise available savings and turn them into tax effective wealth building strategies.

We can advise on Salary packaging and structuring, regular investment plans held through a variety of different structures.

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Investment and Asset Allocation

Does this sound familiar?

We all know we live in uncertain times and what used to be a good place to invest is now being questioned. The days of easy money seem to be behind us and knowing where to invest your hard earned savings is an important but difficult decision. You may receive advice many from well meaning but sometimes misinformed people- it all gets too confusing…

 

Our Solution

We take the time to educate you in the different investment alternatives so that you are properly informed before accepting our investment recommendations.

It is your money so we make sure you understand where it is invested.

The allocation of your investment assets is the primary driver of your investment return so it is vital that this is set up correctly initially and maintained as circumstances change.

We do not believe in a set and forget approach.

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Insurance & Risk Management

Preserving wealth is equally as important as building wealth. The 3 biggest risks in life are loss of income due to sickness, injury or death. Your ability to earn income is your single greatest asset. The sudden loss of this income can have a devastating effect on the lives of you, your immediate family and your extended family.

Does this sound like you?

I have some personal insurance cover but I really don’t know or understand what I am covered for, how much I am paying and whether it is the best available option for me...

 

Our Solution

  • We offer a no cost, no obligation review of your existing personal insurances to see if they still suit your needs;
  • We advise you in plain language of the financial risks you, your family and your business face and how these can be transferred;
  • We advise what you are covered for, who would receive the proceeds of a claim and consider the effects of taxation on the proceeds.
  • We find the most appropriate products for you to use to best suit your unique situation.
  • We assist you your family and your business whenever a claim is made to ensure you get what is due to you at a time you need the money most.
  • We balance your need for protection and peace of mind against your financial constraints to provide the most comprehensive and cost effective cover available.

Contact us today for a free no obligation consultation to review your personal insurances to ensure you have the right cover, going to the right people at the right time.

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Taxation Planning

Does this sound like you?

You have worked hard to achieve a good income, but are concerned at the amount of tax you are paying. It really hits home at tax time each year when you see how much income tax you are paying…

A focus on tax makes sense as it can be a significant amount. Starting with the income you earn, the amount of tax you pay then determines your net income or the amount that you have to allocate towards your everyday costs of living.

At the same time it is also important not to put a tax advantage ahead of a good investment decision. Unfortunately we have all seen too often the disastrous results from many so called “tax effective investment schemes” that result in a complete loss of capital.

At Carrick Aland Wealth Planning, we focus on after tax returns when making investment recommendations. With an accounting and taxation background, this allows us to understand and take into account tax in the investment recommendations. This includes consideration of appropriate investment structures.

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Retirement Planning

Does this sound like you?

Preparing for Retirement

You are now earning good money, you have paid all your debts off, the kids are off your hands (finally!) and you are now realising that retirement age that once seemed a long way off all of a sudden is nearing.

You begin to get that sick feeling in the stomach... and start asking yourself the big questions like

  • Will I have enough to retire on?
  • What will my retirement look like? Will it be struggle street or comfortable?
  • Will my money last for as long as I do?
  • What do I need to do now to get it on track?

 

Our Solution

Don’t panic. Help is at hand...

We have been working closely with clients in retirement for many years and have seen the factors that contribute to a successful retirement.

  • Planning ahead (Plan for rather than fall into retirement)
  • Considering how time will be spent- what fills the void of work
  • Being realistic ( extra time on your hands often means extra costs)
  • Look at family history and the fact that we are all living longer
  • Cover the unexpected –what if something happens to your parents, your children, what financial impact might this have on your retirement plan.

We specialise in providing innovative, tax effective transition to retirement strategies that can make a powerful difference to your end retirement benefit. This can be the difference between a modest and a comfortable retirement.

It is never too late to start planning, but time is of the essence, so don’t delay, contact us today to see how we can assist you.

 

Living in Retirement

You have recently decided to hang up the boots and look forward to the next chapter of your life. But there is so much information and advice from well meaning friends and family about what you should do, how youshould invest your retirement funds... it is all very confusing! Such important decisions to make but how do I know if I am making the right ones?

 

Our Solution

We can take the guess work out of it.

  1. It begins with an initial obligation free consultation when we talk about your plans and concerns for the future. We look at where you are today and then where you would like to be taking into account the things that need to be allowed for that may come along in your life.
  2. From the initial meeting we are able to identify the areas where we are able to assist and can clearly outline these along with what the costs will be for our services.
  3. Once happy to proceed, we develop the road map or strategy recommendations in consultation with you . We take the time to make sure you understand the risks and benefits of the plan.
  4. Once you are happy with the strategy, it is time to implement. We can provide you with the right solution to achieve the desired result for you.
  5. Once in place , we provide the ongoing support to make sure that your plan stays on track regardless of what comes along. This provides you the confidence to face the future with certainty.

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Superannuation

Does this sound like you?

You have been working hard, and over the years having worked for several employers in different job roles, and over time have money scattered in many different superannuation funds. You have lost track of some of these and don’t know what is in the others. It is one of those jobs that needs to be done but keeps getting put off…

 

Our Solution

We can analyse your existing superannuation policies and make recommendations as to the best way to consolidate these together. This can save you on multiple fees as well as uncover monies you did not even realise you had! We help you to become more focused and work with the combined amounts to implement smart strategies to further grow this.

I know that I should be doing more but I don’t know what is best for me…

 

Strategies to build my Super

There are several smart strategies that can effectively boost your superannuation balance and ultimately your end retirement benefit. But like a lot of things, they are constantly changing and we can assist you with the latest strategy and how it can work for you .

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Carrick Aland Wealth Planning Pty Ltd ABN 31 082 361 957 is a Corporate Authorised Representative of Millennium3 Financial Services Pty Ltd ABN 61 094 529 987 Australian Financial Services Licensee- Licence Number 244252 Unit 7, 50 Borthwick Ave, Murrarie Q 4172.