capability statement Private Wealth

Transcription

1 capability statement Private Wealth

2 2 Private Wealth CONTENTS Introducing BDO Private Wealth... 3 About BDO Private Wealth... 3 Our Investment Philosophy... 3 Our Beliefs... 3 Our Services... 4 Personal Financial Management... 4 Investment... 4 Insurance... 4 Personal Protection... 4 Business Protection... 4 Superannuation... 5 Retail Superannuation... 5 Corporate Superannuation... 5 Self Managed Superannuation Funds... 5 Education... 5 The Benefits... 5 Philosophy... 5 Stability... 5 Understanding... 5 Partnership... 5 About us... 6 Specialist Areas... 10

3 Private Wealth 3 Introducing BDO Private Wealth About BDO Private Wealth BDO Private Wealth (NTH QLD) Pty Ltd is a specialist service of BDO, Australia s leading independent Audit, Tax and Advisory services network. Our Private Wealth service consists of an experienced team of investment professionals. Because we know that each of our clients have individual needs, our purpose is to tailor investment portfolios to the specific objectives of private investors in North Queensland. Our Investment Philosophy Our Beliefs We believe that an investment should work for you; you should not work for it We believe that an investment should provide security and have both capital growth and income potential We do not believe that leverage is a negative word, but we do believe that investors should thoroughly understand what it is and how it works, allowing them to utilise their capacity safely and efficiently. Our philosophy also focuses on education. We spend time educating our clients both in a group setting and one-on-one. We focus on finance for the real world and address those elements of money in a practical way that is easy to understand. We stringently believe, and one of our philosophy s core viewpoints is that everyone can make better financial decisions when they are better informed. If you always do what you have always done and think how you have always thought, you will get what you have always got. To get a different result, do things differently

4 4 Private Wealth Our Services We offer five key service areas to our Private Wealth clients; these play a significant part in creating a holistic financial strategy and we consider all five when working with any client. Education Superannuation Personal Financial Management our key services Insurance Investment Personal Financial Management Identify personal needs and apply solutions Help to identify clear financial goals to direct focus where it is needed Identify attitudes towards risk Establish savings plans and monitor and encourage client progress Debt consolidation and management Employment considerations; salary packaging/sacrificing, retirement and redundancy negotiations Regular reviews. Investment Lump sum investments with a focus of capital growth, income or both Regular investment plans Taxation benefits Gearing (including margin loans) and regular gearing plans Monitor Loan to Value Ratios to avoid and manage margin call situations Monitor investments and cash management accounts Identify opportunities for lowering average purchase prices. Insurance Free quotes, comparisons and needs analysis. Personal Protection: Life, Total and Permanent Disablement and Trauma insurance Income Protection insurance. Business Protection: Life, Total and Permanent Disablement and Trauma policies as funding arrangements for Buy/Sell Agreements.

5 Private Wealth 5 The Benefits Superannuation Retail Superannuation: Choice of fund Asset allocation Rollovers Income streams Contributions. Corporate Superannuation: Establish corporate super plans for employers Help employers select default investment options Negotiate better insurance options for employees Education for corporate super fund members Assist employers with administration. Self Managed Superannuation Funds: Investment strategies Income streams Insurance. Education We offer regular, no-obligation Psychology of Investment interactive workshops to all of our clients; both new and existing. Numbers are kept to a maximum of 25, to ensure an optimal environment for discussion and learning. The first part of the workshop is an entertaining lesson on the basics of investment and where people s attitudes to cash, property and shares originate. The second half of the evening involves a worked, real life example and guests are encouraged to participate in an open forum of ideas in order to gain the most out of the experience. Our clients often provide very positive feedback on our education process and the workshops are especially well received. Philosophy Our philosophy helps clients make the right decisions in times of uncertainty, without reacting to their emotional instinct. Our philosophy guides us and our clients through both positive and challenging times. Stability Our approach allows our clients to be assured that their investment will not default. Our careful and measured approach to borrowing also means that our clients can be prepared and take preventative action with regards to margin calls, if leverage is part of their strategy. Understanding Our educational focus means that our clients have an advantage over other less knowledgeable investors. A greater understanding of finance and markets will give you the power to stay calm and assured during challenging times in the economic cycle and find hope and opportunity where others often cannot. Partnership Our aim is to establish long-term partnerships with each of our clients so that we can continue to tailor our approach to best suit their personal circumstances, now and into the future.

6 6 Private Wealth Specialist Areas BDO Private Wealth values our partnerships with various professional organisations in the community. Using these sources of specialist knowledge, we can also provide guidance, referrals and assistance in the following areas: General Insurance Specialist Insurance Business Succession Planning Solicitors and Legal Professionals Estate Planning, including Wills and Powers of Attorney Taxation Accounting. BDO Private Wealth (NTH QLD) Pty Ltd does not receive any commissions or benefits for providing referrals to any of its alliances.

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8 BDO Private Wealth (NTH QLD) Pty Ltd Aplin Street Cairns QLD 4870 PO Box 6771 Cairns QLD 4870 Tel: (07) Fax: (07) This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in Australia to discuss these matters in the context of your particular circumstances. BDO (Australia) Limited and each BDO member firm in Australia, their partners and/or directors, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it. BDO Private Wealth (NTH QLD) Pty Ltd ABN AFS Licence No is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN , an Australian company limited by guarantee. BDO Private Wealth (NTH QLD) Pty Ltd and BDO (Australia) Limited are members of BDO International Limited, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania. BDO is the brand name for the BDO network and for each of the BDO member firms BDO Private Wealth (NTH QLD) Pty Ltd. All rights reserved. PW_NTHQLDCAPSTAT_0512