Business Accounting Solutions - Brisbane, Qld, Australia - Phone (07) 3395 5444

Financial Planning

Balanced Business Accounting offers clients a holistic Financial Planning service through our in house financial planner Tony Regan, Authorised Representative 243492 of Professional Investment Services Pty Ltd.

Tony entered the financial services industry in the 1980s and has gained experience in a range of sectors having worked as an Adviser with AMP and as a Financial Planner with the major national groups: Westpac Financial Consultants Ltd; Bleakleys, a subsidiary of ING Ltd; Financial Wisdom Ltd, one of the Commonwealth Bank group of companies and My Adviser Pty Ltd.

In 2009 and 2010 Tony was nominated for the prestigious Association of Financial Advisers, Australian Adviser of the year Award.

The purpose of our Financial Planning service is to help our clients achieve their financial goals by working together with the planner to enable the client to access the full range of tax and financial planning opportunities available to them. This in turn can help the client achieve their desired level of financial security more easily and efficiently than without our advice.

We strive at all times to offer our clients personally tailored and professionally considered strategies to assist them overcome the obstacles they face by ensuring they take full advantage of the available tax breaks, growth opportunities, improved cash flows, good financial advice and tax planning strategies to make your financial goals easier to achieve.

This can offer you the realistic potential to help bring you within easier reach of your financial goals and give you the encouragement and empowerment to seize any opportunities that may exist for you.

You can be rest assured that we will do all we can to enable you to take immediate and positive action towards a better financial future through the use of our separate professional skills and knowledge as accountants and financial planners.

We are passionate about offering holistic tax and financial planning advice as sadly most Australians are not aware of the difficulties they may face in retirement if they do not take immediate steps towards securing their future.

Statistics available from the Australian Bureau of statistics website section entitled "Australian Social Trends" (2008) offer a sobering picture of the current state of our lack of planning to secure our future financial well being. For example:

According to the ABS whilst we are gaining more equity in our homes debt levels are rising quite substantially:

At September 1990 the level of household debt was almost $190 billion, increasing to around $1.1 trillion by September 2008 in real terms (i.e. adjusted to remove the effect of inflation).
Most debt was incurred to buy houses.
The proportion of households with debt (72%) was similar to that in 2003-04 (73%).
Debt grew twice as fast as the total value of assets held by households. The sharp increase in the debt to asset ratio from December 2007 to September 2008 was due to a decline in the value of household assets.
The number of retirees qualifying for the aged pension is increasing despite the impost of the pension assets test. This might indicate that people do not have enough savings to perhaps achieve the retirement living standards they thought they might.

AGE PENSIONERS (FULL AND PART RATE) AS A PROPORTION OF ALL PEOPLE OF QUALIFYING AGE

According to the ABS Survey of Employment Arrangements, Retirement and Superannuation, 43% of retired Australians had benefited from superannuation at some time.
However, receiving a superannuation benefit does not necessarily guarantee a comfortable standard of retirement living. In 2007, more than three quarters (78%) of the 206,700 retired Australians who had received a lump sum superannuation payment within the previous four years had received less than $60,000.
Only 31% of retirees who had recently received a lump sum had mainly invested the money, with most people mainly using it to pay off debt, buy goods and services, or help their family.
The majority of Australians rely solely on SG contributions, which may not be enough to sustain the kind of lifestyle they really want in retirement.
In September 2008, it was estimated that the current market cost of purchasing an annuity from a life company equal to the Age Pension was $289,000 for a 65 year old man and $344,000 for a 63 year old woman; and
$550,000 for a couple comprising a 65 year old man and a 63 year old woman.
The mean superannuation balance is $165,000 and the median is $72,000 for those in the 55 to 64 age group

We are sure these are not the kind of retirement outcomes most of you aspire to after a lifetime of raising and educating children, paying taxes, buying a home and working for many long and hard years.

We urge you to do all you can now to avoid being a part of these sorry and largely unnecessary statistics. Make sure you do all you can to secure your financial future.

Take the first step now. Contact us now.

Professional Investment Services Pty Ltd ("PIS")
Australian Financial Services Licence holder No. 234951.
PIS is authorised to carry on a financial services business, including the provision of financial product.
AFSL No. 234951 | ABN 11 074 608 558
PIS has appointed Tony Regan as an authorised representative to provide financial services on behalf of PIS.

PIS Website | Click here for FSG and Privacy Policy | Click here for complaints information

Professional Investment Services Head Office address
Level 14
Corporate Centre One
Cnr Bundall Rd & Slatyer Ave
Bundall QLD 4217

Telephone: 07 5574 0244

Email Address: info@profinvest.com.au

General Advice Warning

This communication has been prepared on a general advice basis only. The information has not been prepared to take into account your specific objectives, needs and financial situation. The information may not be appropriate to your individual needs and you should seek advice from your financial adviser before making any investment decisions.

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Balanced Business Accounting - Brisbane, Queensland, Australia - Phone : (07) 3395 5444
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