As financial planners, we work in a number of different key strategy areas. Although we specialise in retirement planning, we are also authorised to provide advice on the following:
Effectively managing your debt and cashflow can have a significant impact on your overall financial health. We firmly believe that developing and maintaining the right financial habits is necessary in reaching your goals as minimising debt and managing cashflow is the basis of long term wealth creation strategies.
At DMG Advice we can assist you to become more financially successful through:
The team at DMG Advice can guide you through the budgeting and cashflow process by providing you with invaluable tools, advice and strategies to help you maximise your wealth.
Taking an early and active interest in your superannuation is critical to ensuring you maximise the benefits of growing this important financial asset. Many of you will already have a superannuation scheme through your employment, but are you in the right type of super fund and investment portfolio to achieve your retirement objectives.
The balance you have available for your retirement will depend on a number of different factors such as your employment income, super contributions, investment risk profile, asset allocation, and the performance of financial markets. Unfortunately for many, simply relying on employer contributions may not be enough to secure an appropriate retirement income stream, and you may need to look at strategies such as additional contributions to super or salary sacrifice to help boost your retirement savings.
It is always best to start saving and planning for your retirement as early as you can. DMG Advice can help you implement the right superannuation & investment strategies to help you achieve your long term financial goals & objectives. We can provide you with the peace of mind of knowing that you are maximising your superannuation benefits.
It is evident, that those who plan for retirement, are more likely to enjoy a retirement lifestyle based on their own terms and not those of someone else. Results also show that obtaining professional help during the pre-retirement years further improves the probability of attaining your retirement objectives.
The earlier this is put in place, the better.
During one’s working life most time is spent at work, raising children and paying off a mortgage. There is always an employment income to make ends meet.
Retirement planning is about the lifestyle you will have after you stop working and it focuses on issues such as how much superannuation is enough, when can I retire, taking a superannuation pension, how long will my money last, claiming the Age Pension, estate planning and looking after your family.
Also, with increasing life expectancy, rising costs and, often, debt still to be cleared, retirement planning becomes even more important. DMG Advice can help you start planning for your retirement today.
Everybody’s circumstances are different, but insurance is important for everybody. Your need for insurance will change as you move through the different stages of your life.
Personal insurance provides protection against sickness, injury and death, and includes:
While insurance doesn’t remove the risk of something going wrong, it provides you and your family with protection and financial security if something does happen.
The amount of insurance you need is affected by:
We understand that it can be difficult determining the type and level of cover you might need, let alone choosing an insurer. DMG Advice can assist by helping you determine your needs and recommend an insurer that is right for you.
Social Security assistance is provided by various Australian Government Departments including Centrelink and the Department of Veteran Affairs. At DMG Advice, we understand that Centrelink plays an important role for individuals and families when it comes to planning.
Payments such as the Age Pension and Disability Support Pension provide long-term financial support whilst Newstart Allowance provides assistance for a shorter period of time to people who are out of work. Other payments such as Family Tax Benefit, Parts A & B assist with the cost of raising children.
As well as the payment of benefits you may be entitled to access certain additional benefits. For example, if you are of Age Pension age and/or are receiving the Age Pension you may be entitled to concession cards such as the Pensioner Concession Card, Commonwealth Seniors Health Card or the State Seniors Card which offer concessions, benefits and discounts. The Department of Veteran’s Affairs also provides similar benefits.
Our Centrelink advisory services provide you with strategies and advice to ensure you:
Your estate is made up of everything you own. This includes your home, property, furniture, car, personal possessions, business, investments and bank accounts. Firstly, having a legally valid Will is extremely important, as dying without one it is called 'dying intestate'. This can be costly and create added stress for loved ones at an already difficult time.
You may think that having a current Will outlines what will happen to your estate should you die or become unable to manage your affairs. Unfortunately, for those with more complex financial structures this may not be the case.
To make sure your affairs are in order an Estate Plan will:
Let DMG Advice guide you through this difficult, but crucial process.
The objective for all our clients is to get the right money into the right structures at the right time with the least amount of risk. So, whether you are currently receiving advice or not, if you are looking to make the most of your financial situation, we can help.
The first client appointment is at our expense and we use this opportunity to get to know you by asking detailed questions about your goals & objectives and your reasons for seeking financial advice. We also provide you with an idea of what we do as financial planners so you have an understanding of the financial advice process. At the conclusion of this meeting we will have a better sense of what’s important to you and whether or not we are the right fit for you as advisers. If we both believe that we can work together, we provide you with our Welcome Pack to take away and ask that you complete and return our Client Profile, Risk Profile & Budget spreadsheet prior to your next meeting.
Following the initial meeting, we will arrange to meet with you to conduct an engagement meeting. During the engagement meeting, we run through the content of your Client Profile, Risk Profile & Budget spreadsheet as part of a data gathering exercise. This is important to ensure we have complete up to date information about your assets, liabilities, income, expenses, insurances, estate planning needs, goals & objectives. We then provide you with an outline of the scope of work required to get your financial house in order, together with our fees, so you can make an informed decision about whether or not you want to go ahead with our advice. If you are happy proceed, we ask that you to sign an Engagement Letter, giving us permission to proceed to the advice stage.
The strategy meeting is where we present our advice to you in a document called a Statement of Advice. This is a written record of your personal financial plan and something tangible to refer to on an ongoing basis. It includes our comprehensive financial analysis and tailored financial solutions to maximise outcomes. We also provide the necessary documentation for you to sign in the meeting in order to implement our advice recommendations. After the meeting has finished, we then take over responsibility for implementation of the recommendations as detailed in your Statement of Advice. This concludes the initial advice process.
Clients who decide to join us and obtain financial advice, will also be offered the opportunity to enter an ongoing financial planning relationship with DMG Advice.
Your ongoing financial planning relationship with DMG Advice is an important part of the financial planning process. During this time we will ask you to formally review your lifestyle and financial goals, and “retest” your financial strategy in light of your goals and objectives, as well as any personal or legislative changes that may have occurred.
As part of our ongoing financial planning relationship, we will review your strategy and the performance of your investments and provide you with a number of benefits including:
At DMG Advice our mission is to provide sound & balanced financial advice for a professional fee. We believe that providing financial advice and selling investment products are totally separate endeavours. Quality advice is compromised if it is driven by the need to “sell” product. As such, we seek out and prefer to recommend investments that do not pay us commissions, meaning you incur lower investment costs and the ability to achieve higher investment returns.
Our aim is to make financial advice more accessible and more affordable to all our valued clients. Our fee arrangements are therefore structured around an agreed flat dollar fee for service offering which separates the advice function from any product recommendations. This allows us to offer you certainty in terms of our fees and provide you with strategic financial planning advice that is not compromised by a system of commissions, incentives and conflicts of interest.
Please refer to our Financial Services Guide (FSG) for more information on our fee structure.
Let us take care of your financial planning needs.
Dean Greacen & DMG Advice Albury Pty Ltd, trading as DMG Advice, are Authorised Representatives of DMG Licensee Services Pty Ltd, ABN: 55 663 776 485 Australian Financial Services Licensee 545863,
Registered Office at Suites 2&3, Level 1, 520 Swift Street Albury NSW 2640.
