Financial Planning 2019-06-10T03:12:44+00:00

When is the last time you heard from your financial planner?

We provide proactive financial planning advice based on personal experience as well as research. Your personal circumstances can change from a month to month, that’s why we will be in continuous contact to drive you forward.

Answering all your questions in one place

Ownership Structuring and Asset Protection
General Taxation Planning
Debt Management
Insurance Advice
Investment Advisory
Superannuation Advisory
Self Managed Super Fund Advisory
Estate Planning
Retirement and Succession Planning
Charities

We source, compare and filter investment and insurance products from global sources

With our own Australian Financial Services License we are unrestricted in our ability source and compare financial, insurance and investments products and opportunities. As a privately owned firm we use our client numbers to buy with strength, negotiating the best terms and conditions for all our clients.

Investment and Superannuation Products
Insurance Products
Credit and Debt Products
Investment Platforms

Each stage of your life has different challenges and requires different strategies. We cater for each

Whether you need a financial planner, or whether your children do, we develop advice and product strategies specifically for you and your life stage. In doing so we take into account not just your needs but your broader family needs to ensure that your success is experienced and protected by generations to come.

Building the Base

(20 to 30 years old)
  • Managing cash flow
  • Growing your career
  • Buying a first home and investment properties
  • Accessing debt
  • Protecting lifestyle
  • Getting married
  • Starting a family
  • Saving for travel

Growing Career and Family

(30 to 50 years old)
  • Maintaining and growing lifestyle
  • Educating children
  • Building real estate portfolio
  • Diversifying wealth
  • Progress or changing careers
  • Receiving inheritance
  • Caring for parents

Building a Legacy

(50 to 60 years old)
  • Maintaining lifestyle
  • Preparing for retirement
  • Planning business and career exit
  • Repaying non-deductible debts
  • Assisting children
  • Solidifying wealth and succession plans

Active Retirement

(Over 65 years old)
  • Managing and protecting wealth
  • Maximizing retirement income
  • Healthcare funding
  • Relocating / down sizing
  • Succession planning
  • Estate planning

We provide a range of financial and product advice

We go further than recommending generic investment strategies, we work with you to ensure you’re investing with the best managers and allocated to assets that match you personal risk and tax profile.

We make financial planning accessible and convenient

We have invested heavily in technology and automating the collection of information to simplify the financial planning process so we can focus on providing ongoing advice that is effective and continually refined to meet your current and future goals. Our typical financial planning process includes the following:

  • Confirm your Needs and Objectives – Using our online application form and in person discussions, we will confirm your current financial situation and your short and long term goals.
  • Verify the Facts – Based on your needs we will verify the information you have provided and complete a discovery process on relevant information associated with you so we can make more accurate recommendations.
  • Discuss Advice Strategies and Execution Options – You may be preparing for retirement, thinking about how to support your children financially or contemplating having a family. Each scenario has a variety of strategies that may suit you based on your risk tolerance or your personal asset and liability position. No one strategy will meet each persons needs.
  • Provide a Statement of Advice – Based on discussions we will provide a statement of advice together with an easy to understand discussion presentation and supporting research. In the statement of advice it will recommend a number of actions in order to achieve your goals. This may include engaging with other experts within Cashel House or external experts that can assist you in areas we can’t.
  • Execution of Recommendations – Once an authority to proceed is executed we will set about executing the agreed plan. This plan may require change due to new information or changes in your position, so at all stages we will main constant communication.
  • Ongoing Monthly or Quarterly Reviews – Financial Planning should not be a once a year activity, it is an ongoing relationship that provides a relationship point to obtain your ongoing goals.

As a Superannuation or Family Office client, we provide ongoing financial planning advice throughout the year

Once we become your investment manager we will provide ongoing advice throughout the year. Structured to take into account financial and compliance reporting periods along with holidays and lifestyle events.

Estate Planning

(January)

Review the commercial objectives of your Will and last wishes. Where needed coordinate re-documentation by your lawyer.

Financial Health Review

(February)

Review your financial health, benchmark it to your peers and establish goals and actions to improve your lifestyle.

Superannuation Review

(March)

Review the features of your super fund including insurance, fees and contributions. Consolidate any lost or unpaid funds.

Investment Review

(April)

Review your investment strategy, the balance of your assets across lifestyle, market linked or aspiration assets. Review investment theme, investment position sizing as opposed to random stock picking.

Tax Planning

(May)

Conduct a general tax planning review in preparation for EOFY and to accelerate post EOFY filings. This would usually include a meeting with your tax agent.

Insurance Review

(June)

Review any changes in your financial position and identify any missing life, general or health insurances. Discuss and plan how to manage, mitigate or transfer risk.

Risk Review

(July)

Review potential risks across your investment positions, their sizing, risks through ownership structures, income and expense surprises and impact on future cash flows, risk of tax audits and the implications on you and your family.

Financial Year Review

(August)

Review Cashel House performance for the past year year alongside a review of investment forecasts for local and overseas markets.

Cash Flow Forecasting and Budgeting

(September)

Prepare and update cash flow forecasts and budgets for the company year. Review opportunities to improve income and reduce expenses in order to improve lifestyle.

Ownership Structuring and Asset Protection

(October)

Review your relationships between your asset ownership and asset protection structures. Test these against potential creditor, family dispute or tax risks. This may require a external legal review.

Debt Review

(November)

Review current facilities compared to best market pricing, update your borrowing power and review optimum structures to maintain healthy and manageable debt levels.

Administration Review

(December)

Review your current personal and investment administration, establish skills and processes to improve current practices to remove burden on lifestyle.

We’re highly qualified. We have a proven track record established in leading global investment banks and private banks.

Cashel House prides itself on its highly qualified and highly experienced team who speak from personal experience as well as the experiences of the clients that they have served in both local and global investment banks and private banks. Many of our advisers hold related masters degrees or Chartered Financial Planner qualifications which together with our ongoing training programs provides the skills needed to handle your personal needs.  To support this we hold an array of memberships, licenses and qualifications.

Book your free personal appointment with a Cashel House financial planner.

Please fill in the form and we will be in contact to discuss your financial planning needs, or contact 03 9209 9000.

Frequently Asked Questions

A typical financial planner may charge $1,500 to $5,000 for a plan known as a statement of advice. They may then charge additional fees for execution of the plan. While this may limit costs to a client, it does not create any alignment of interests. There is no direct reward for either party in the advise being correct. In fact it has often led to advisers recommending products that they receive additional commissions on.

Cashel House does not charge financial planning fees. Our financial planning services is included as part of our investment management services for which we typically charge a flat ongoing 1% fee plus performance fees for when we beat the market. Under this scenario we are encouraged to protect capital and grow it through the selection of the right financial planning strategies, cheapest debt sourcing and optimize investment management. There is no additional costs to reply to an email or have a meeting.

According to the Association of Superannuation Funds of Australia Limited (ASFA) the retirement lifestyle definitions are:

For Comfortable

  • One annual holiday in Australia and regularly eating out at restaurants (good range and quality food)
  • Owning a reasonable car
  • Afford bottled wine, good clothes and afford regular hair cuts at a good hairdresser
  • Take part in a regular leisure activity
  • Own a range of electronic equipment, replace kitchen and bathroom over 20 years and maintain private health insurance

For Modest

  • One or two short breaks in Australia near where you live each year and infrequently eat out at restaurants that have cheap food
  • Owning an older less reliable car
  • Afford cask wine, reasonable clothes and afford regular hair cuts only at a basic salon
  • Take part in one paid leisure activity infrequently
  • Not much scope to run air conditioner, no budget for home improvement

For Pension

  • Even shorter breaks and only club special meals
  • No car
  • Home brew beer, basic cloths and less frequent hair cuts
  • Only taking part in no cost activities
  • Less heating in winter, no budget to fix home and no private health insurances

Cashel House believes that most people want a lifestyle that is boarder and more fulfilling than these narrow definitions. We have made it our mission to achieve more for our clients.

According to ASFA to live a comfortable lifestyle in retirement now, you will need the following in your superannuation fund:
  • If you are single, $646,626, which over 25 years, at a rate of return of 5%  will generate a retirement income of $43,695 p.a.
  • If you are a couple, $888,850, which over 25 years, at a rate of return of 5%  will generate a retirement income of $60,063 p.a.

This assumes you own your home outright.

If you would like to live a  modest lifestyle in retirement now, you will need the following in your superannuation fund:
  • If you are single, $359,163, which over 25 years, at a rate of return of 5%  which will generate a retirement income of $24,270 p.a.
  • If you are a couple, $516,635, which over 25 years, at a rate of return of 5%  which will generate a retirement income of $34,911 p.a.
According to ASFA to live a comfortable lifestyle in retirement in 30 years, assuming inflation of 2.5% p.a, you will need the following in your superannuation fund:
  • If you are single, $1,323,261, which over 25 years, at a rate of return of 5%  should generate a retirement income of $89,109 p.a.
  • If you are a couple, $1,818,950, which over 25 years, at a rate of return of 5%  should generate a retirement income of $122,986 p.a.

This assumes you own your home outright.

Superannuation is one of the most tax effective investment structures to accumulate wealth in. The tax rate varies depending on your stage of life:

  • Accumulation phase. During your working career income tax will be applied at 15% and capital gains tax applied at 10% within your superannuation fund
  • Pension phase. During your retirement you will pay 0% tax for member balances less than $1.6 million.

No. Self-managed super funds are actually one of the most expensive structures to accumulate superannuation in. In 2013 Rice Warner conducted research that indicated that the average SMSF costs were $8,033 per year. Along with having in-appropriate insurances, a SMSF is one of the major costs that can impact your retirement lifestyle.

Only where you have over $1 million in your SMSF does the costs of operating it compare favorable to a retail superannuation fund. Despite this, the latest research shows than approximately 65% of SMSF have less than $1 million invested, 43% have less than $500,000 invested and 19% have less than $200,000 invested.

Under the recent changes to the legislation that governs superannuation, there is limited benefits to having a SMSF. The main reasons that would make a SMSF appropriate for you are the following:

  • If you would like to buy real estate. A SMSF enables you to obtain gearing and to buy real estate. However the new legislation means that you may utilise the full contributions cap within your SMSF through one property acquisition and hence have a retirement fund highly concentrated to the success (or failure) of one or two real estate assets. Financing in a SMSF is also generally more expensive than gearing outside of a SMSF.
  • If you would like to have multiple members, including children. A SMSF enables you to have multiple members including those under the age of 18. However this can also be achieved with some retail superannuation funds, such as through the Cashel Superannuation Fund, and
  • If you would like to take advantage of reserve accounting principles. Reserve accounting principles enables you to manage the contributions cap under the $1.6 million limit through accounting for volatile investment returns. If you have not been doing this to date, this is likely to be something of focus by the ATO.

If you are a trustee of a SMSF and intend to work overseas you will likely be treated as a non-resident and as such be taxed as such, under these circumstances you would be best to transfer the assets to a small APRA fund or a Retail Superannuation Fund.

Many people were advised to set up a SMSF to enable broader investment options. This is no longer needed, many industry super funds are allowing direct share investments, and Cashel Superannuation Fund enables complete choice (within reason) due to its global custody arrangement.

A small APRA fund (SAF) is essentially a self-managed super fund with a professional trustee. A SAF offers all the freedom and flexibility of a self-managed super fund but without the associated trustee responsibilities and risk of compliance breaches. There is however costs that are higher than a retail super fund.

Please feel free to contact a Cashel House adviser to assist with calculating your likely retirement savings. Alternatively please use the calculators provided on the ASIC Money Smart website.