Our Services as Financial Planners
Financial planning is about developing strategies to help you manage your financial affairs and meet your life goals. Working across four main life stages FM Financial tailors advice and service offerings to meet clients’ needs and help them make the right financial decisions for both now and the future.
The FM Financial planning process allows our clients to achieve financial success. We focus on 5 key areas for all our clients:
Retirement Planning & Centrelink
Do you have a retirement plan? Know how much you will need or when you hope to Retire? And have you considered the lifestyle you’d like for Retirement? Every person has a different vision of their Retirement, so it is important to have a plan that allows you to make the right financial decisions for your Retirement. There are many strategies to help you achieve your goals and the planning should begin well before you take the formal step to Retirement. You should also consider the 3 stages of Retirement – as each stage has different financial needs – just like your life stages throughout life so far have.
Early retirement focusses on enjoying the free time you now have —allowing you to spend more time with family and friends, hobbies or taking more trips. This is likely to be the most expensive time of your retirement, If you’re still working part time, you may choose to use it as extra income.
You may find your energy levels slowing and your travel and activities reducing to a level that suits you. It’s worth seeking professional financial advice before making any major decisions such as selling your home to downsize or free up income.
During the final stage of retirement, you may need to pay for extra support to maintain your home and take care of yourself. Your health is also likely to need more attention. As your accommodation and healthcare needs change, you may consider Aged Care support or living facility. Estate Planning may also need to be revisited to ensure it is up to date with any wishes you may have.
When you speak to an FM financial adviser we can make sure you understand and are fully prepared for all the stages of retirement.
Superannuation & Self Managed Super
Successful superannuation management and empowering clients to make the right financial decisions within their superannuation is a key component of financial freedom in Retirement. FM Financial Advisers can assess the right fund for you as well as considering and educating you on whether self managed super could be right for you.
Self Managed Super (SMSF)
FM Financial offers a comprehensive self managed superannuation service. By partnering with you and taking care of the paperwork, we provide a one stop shop that allows you to have the ongoing administration, taxation, audit and investment advice all handle by the team at FM Financial. This means you can now run your own SMSF without being inundated with paperwork.
FM Financial offers our clients a comprehensive package of services or tailors a service that best suits our client’s individual needs. We are specialists in providing advice on what assets might be used within a SMSF whether this is shares, property, cash based or using managed funds.
Protecting your family and your lifestyle is important. FM Financial has skilled advisers who are experienced in assisting clients in building adequate protection and a sense of security for their family and lifestyle. Be it through Life, Total and Permanent Disability, Trauma Insurance and Income Protection, or through estate planning. We can access a range of protection policies and match the right policy to meet your needs. Whatever your needs, we have the right solution.
Wealth Creation & Investments
Between the ages of 20 and 50 your focus is on wealth creation: your goals and ambitions are based around finding opportunities to help you create and add to your wealth. At FM Financial we establish how much money you have now, where it is (and isn’t) and what your plans are for the short, medium and long term and show you how to see your finances as a big picture, by helping you make the right financial decisions for both now and the future. We also ensure you are adequately insured to cover the wealth you are accumulating.
FM Financial advisers will discuss and analyse your investment portfolio, and recommend the best balance for you using combinations of superannuation and non-superannuation strategies.
There are many investments available with differing levels of risk to cater for investors of different ‘risk profiles’, that is people who are more, or less, comfortable with risk than others. It is absolutely essential that money is invested in a manner consistent with the level of risk you are comfortable with.
When clients talk of financial freedom the first point is usually owning their own home.
Being ‘mortgage free’ is a key goal in any financial plan, and a step that comes before retirement and superannuation.
We can help you become mortgage free faster, and that usually means in the long term you save money that can be used to increase your personal wealth. Just because you have a 30 year loan doesn’t mean you have to take 30 years to pay it off!
Why FM Financial?
While most of us like to think we have good loan arrangements in place it is surprising what can be negotiated.
Your FM adviser can:
* assess your current arrangements
* undertake a comprehensive review of what we can achieve for you in the market
* negotiate the loan and package benefits which best meet your needs
* organise the application process and look after everything right through to final loan settlement.
We have been achieving some outstanding results for our clients. Better still, we do all the hard work allowing you to enjoy a seamless and stress-free experience, whilst making considerable savings over the life of your loan.
Why FM Financial?
1) Not owned by a bank or insurance company
2) We can source a loan that's right for you from leading lenders
3) Save thousands in interest payments* (* Savings vary and depend on a number of factors including loan term and loan amount.)
4) No stress or hassle
5) FREE loan review and assessment
Steps to managing debt
The truth is, whether it's a mortgage on the family home, a loan for the new car or the school fees, most of us are likely to be in debt at some point during our life.
The basic approach to managing debt can be broken down into the six steps illustrated below.The trick is to make sure we use debt sensibly, as part of a financial strategy.
- Clarify which debts are good debts and bad debts.
- Determine your current financial position.
- Consider the terms of any loans - which are the most important, expensive and flexible.
- Manage your debt- take steps to reduce your debt.
- Minimise financial risk - protect yourself against the unexpected.
- Review your situation - If it's still too much, get some professional advice.
- Talk to your FM Financial Adviser and start your Debt Management plan today
FM Financial Pty Ltd (ABN 80 074 824 749), trading as FM Financial Pty Ltd (ABN 80 074 824 749), is a Corporate Authorised Representative of Hillross Financial Services (ABN 77 003 323 055),
Australian Financial Services Licence AFSL 232705.