Your Personal Financial Counsel
At the core of our advisory service are two simple ideas:
- Making the most of your current financial position.
- Protecting your assets, protecting against risks and pursuing your opportunities.
This is where our expert advice comes in and for our clients it shows up in three main areas:
The corporate world can be stimulating, rewarding and very lonely. That’s why having someone in your corner offering a second set of eyes; a fresh perspective and expert strategies can be invaluable.
It’s why our flagship advisory service is called Your Personal Financial Counsel – sage advice from someone who has walked in your shoes. Who understands the challenges you face and knows how to successfully make the most of what you have.
Typical areas in which we have helped our clients include:
Providing back-room advice in your negotiations to optimise your salary packaging. Typically it is more about how and when shares and options are vested that matter most and can have the biggest impact upon any tax that is due. This needs to be well thought through long before the vesting takes place.
- Exit plans
When it’s time to leave the company we advise on how to decouple your financial position from that of the company: safe-guarding your financial well-being.
- Corporate restructuring
For senior people this can be particularly challenging if it results in unexpected redundancy. Negotiating entitlements incentive and shares; navigating superannuation and insurance issues and working through the tax implications all have a significant impact upon your immediate financial well-being.
More important is taking the initiative and creating plans for the next stage of your life and second career, while checking you have sufficient funds available for daily expenses during this transition.
When it is time to come home, exiting bonus incentive programs and re-patriating money can be complex. Equally important, how that is all structured has major tax implications and needs to be well thought through.
It helps that Rob MacLean is a published author on “Key financial issues for expats” and that Equitas Partners has an extensive network of specialist contacts.
- Company Directors
Becoming a company director is a popular way of creating new incomes when you have finished your executive career. Yet the transition can take many years and careful planning to ensure its success.
Formal training is required, governance experience gained and there are considerable legal and financial responsibilities that come with being a director. Strategic asset protection and risk mitigation is a must.
Over half of Equitas Partners’ clients are company directors and Rob MacLean has authored “The personal due diligence check for company directors” to help them. He is also a highly sought after speaker and commentator for the Australian Institute of Company Directors.
2. Personal Finances
Senior execs are typically so busy building successful careers that they do not have the time or perspective to micro-manage their current financial position for their longer term wealth.
This is where Equitas Partners comes in; identifying the opportunities and strategies that will enable their clients to enjoy the lifestyle they want.
As Your Personal Financial Counsel we provide
- Plans developed with you to create the money you need to enjoy a happy and comfortable retirement.
- Investment advice and management to build the future funds.
- Superannuation advice.
- Asset structures that balance growing long term wealth with the ability to access immediate liquid funds if required.
- Risk management to help protect your assets, your family and manage any future tax.
- Flexible strategies that take advantage of market opportunities and make the most of them for you.
3. Family and Health
It is natural for our clients to want to support and nurture their families. Many have a sense of responsibility for the well-being of extended family members as well. Yet this can also be the source of fraught issues when it comes to money.
One of our prime duties is in supporting you through this, protecting your money and coming up with the appropriate plans and financial strategies. Alleviating a lot of stress.
- Buying a home for the children
With property prices so high many parents want to provide financial assistance to their sons and daughters. But it is also important to consider how that money is to be offered. In the event of a divorce or irresponsible behaviour you may well want to reclaim the monies.
- The Legacy you leave behind – Estate Planning
No-one likes to talk about death, but it is inevitable. Unfortunately many people do not make well considered plans about how their estate – their money and treasured belongings – will be shared after they die. The aftermath can be difficult with potential legal disputes over wills, complications over family trusts, insurances and superannuation, lingering long after the person has died.
Estate planning ensures that your wishes for your family (and wider community) are thought through and then enacted; leaving a legacy of happy memories and gratitude.
Divorce is an emotionally challenging time and brings with it considerable financial complexity. Separating out family trusts, investments, wills, the family home, and superannuation to ensure an equitable split of the assets is complicated and difficult. It’s important at this stage to get sound financial advice – before the lawyers get involved.
These are important to cover un-expected health issues that might impact upon career and income earning ability. They offer peace of mind that any financial shortfall you might experience is covered and that you and your family can be provided for.
- Aged Care
Our parents are getting older and at some point we need to face up to the fact that they will need support. Thereafter the options of what sort of care and how it will be paid for are involved and emotionally challenging decisions.
Aged care is complicated and expensive and in our experience, gathering the information, evaluating the options and deciding takes time: 6 months is a quick resolution. We have considerable expertise and experience in this area and are happy to help.
Corporate Advisory Service
Our Corporate Advisory Service offers a range of company sponsored advisory services delivered as part of your organisation’s attraction, retention and productivity initiatives for executives, key personnel and their families.