Services
We have identified 16 pieces that are required to complete your financial jigsaw puzzle. The first 8 of these are areas in which we can provide direct advice and assistance.
Strategic Financial Planning:
Much of the financial “advice” available in today’s market-place relates to financial transactions. But, here at Paramount, our key focus is the “big picture”, addressing the financial issues that are most important to you, rather than looking to make a “sale”. We will help you determine your financial priorities and objectives, design a plan to achieve your goals and help you manage the “journey”.
Over many years of dealing with clients from all walks of life, we have discovered that achieving financial security has very little to do with how much money you earn or have, but has EVERYTHING to do with the financial choices that you make throughout your life. Our service includes ensuring that, as long as you involve us in the process, all the financial decisions you make are in concert with your financial objectives.
Superannuation:
If it wasn’t attractive enough previously, changes in recent years to the tax treatment and access options regarding superannuation have made it the primary structure for longer term investing for anyone currently over the age of 45. Paramount can assist you in the selection and management of the superannuation vehicle most suitable to you and your objectives; be it the best in “public offer” structures or a Self-Managed Super Fund (SMSF).
Retirement Planning:
Everyone can afford to retire. The key question is, “Can you afford to STAY retired?” We can help you determine how much you will need to have at your disposal to be able to retire at the age you want in the lifestyle to which you aspire. Better still, having set the “target”, our ongoing support and guidance will ensure you REACH that target in a timely and stress-free fashion.
Retirement Income Streams:
A critical element of how much you need to have available to fund your desired retirement lifestyle is choosing the best vehicle to provide that retirement income stream. A key component of our service is analysing and assessing the latest in product development and legislative changes to ensure that the structures we use to fund your retirement remain “state of the art” and the best available to suit your circumstances.
Wealth Creation:
Almost everyone aspires to wealth. Unless you intend to work till you drop, you will need to accumulate a degree of “wealth” in order to make the transition from “working for a living” to “living for a living”. At Paramount, we pride ourselves on ensuring that you are aware of every step that can speed up your journey to financial freedom without putting it all at risk. Wealth creation is not a function of how much money you make, but what you DO with the money you make. We will ensure you get the maximum benefit from the dollars at your disposal.
None of us likes that dreaded "B" word, but our cashflow management service will ensure that you understand how to establish and maintain a "budget" that is the optimum balance between living for today and saving for tomorrow. What's more, once you understand the principles and begin to act accordingly, you will never have to think about that "B" word again!
Personal Investment:
If you haven’t yet celebrated your 40th birthday, you have, at least, a 20 year wait ahead of you before you can access your superannuation. That’s a long time to tie up all your wealth. For those for whom “Preservation Age” means nothing, we design and implement tax effective strategies to accumulate REAL wealth that is accessible to you without the need to wait until you are old enough to touch your superannuation.
Personal Insurance:
The best financial plan in the world can come to nought if provisions have not been put in place to offset the serious financial consequences of premature death, temporary or permanent disablement or a major medical trauma. At Paramount, no financial plan is implemented without a comprehensive analysis of the risks to which you may be exposed in this regard and the provision of appropriate solutions from amongst the best providers in the insurance marketplace.
Estate Planning:
Most of us would like to think that we will not outlive our financial resources. In that event, we would like to think that our residual wealth goes to the people we wanted it to in a timely and orderly fashion without the taxman getting more than his fair share. Every financial plan put together by Paramount contains comprehensive recommendations on how to ensure this asset transfer occurs most effectively for you.
In addition, we provide a referral and liaison service for the following:
Accounting:
Almost every well-constructed financial strategy requires the input of a progressive-thinking accountant. If you already have a good relationship with an accountant, we will liaise with them to address your needs. However, if you are in need of expert accounting assistance, we have our own in-house accounting division, Paramount Wealth Accountants, managed by Danae Coombs B Com CA. Danae and her team will be happy to assume the responsibility of administering your accounting and taxation needs. This means you can now get your financial planning AND accounting requirements addressed UNDER THE ONE ROOF!
Taxation:
Without question, one of the greatest threats to your efforts to accumulate and preserve wealth is taxation. An integral part of our financial planning and management process is to develop a “team” approach with your accountant to ensure that your affairs are set up and maintained in the manner that is the most tax-effective, to ensure that you will pay YOUR fair share of tax, but not the next person’s, as well!
Legal:
Wills, Powers of Attorney, Family Trusts, Superannuation Deeds............the list of legal requirements for any sound financial plan is quite substantial. Just like your insurance portfolio, appropriate legal structures underpin the stability of your financial plans. As part of our overall service package, we maintain relationships with legal practitioners who are experts in these areas to whom we can refer you, should you not already have such resources at your disposal.
Banking:
In today’s world, it is virtually impossible to live without some form of relationship with a bank. But, the proverbial question is “Which bank?” An integral part of a sound financial plan is to ensure that no financial resources go to waste due to utilisation of an inappropriate set of banking arrangements. Our services include assistance with the selection of the most appropriate bank for your needs, as well as liaising with the institution to ensure your needs are met.
Finance:
Expensive, restrictive or inappropriate lending arrangements can seriously undermine even the most robust of financial strategies. A critical aspect of our service involves recommendations on appropriate structures for effective management of your total liabilities. Through our association with Sentry Finance, we will ensure that all your borrowing requirements are met with the best products available in the marketplace that are the most appropriate to your individual needs.
General Insurance:
As with your personal insurance needs, exposure to risk that could have easily been mitigated with general insurance, be it for property, health, public liability, travel, or anything else, can seriously jeopardise even the best financial plan. Should our analysis of your circumstances suggest that you may benefit from a review of your general insurance portfolio, we will introduce you to a general insurance broker who will expertly audit your needs and make comprehensive recommendations.
Stockbroking:
If, like many Australians, you find appeal in the idea of investing directly in shares, rather than leaving it in the hands of professional fund managers, but lack the expertise (or the courage!) to pick the stocks yourself, we can refer you to the services of a panel of stockbrokers who can provide the research to help you make appropriate stock selection decisions. Alternatively, if you know what you want to buy and are looking for an inexpensive way of doing so, we can assist you to set up an online share-trading account for yourself personally or as part of your superannuation asset mix.
Salary Packaging:
Many employers will not allow their employees to enter into salary packaging arrangements without first consulting with a member of a panel of “preferred” salary packaging consultants. If you find yourself in need of this service, we will liaise with one of these consultants on your behalf to ensure you are able to structure your remuneration package in the manner most appropriate to your unique circumstances without being exposed to a “sales pitch” for services you do not need.
If it has a "$" sign, our professional advisers, in consultation with other financial professionals, enable you to take the financial worry from your shoulders and place it on ours!!
For our most recent Financial Services Guide (FSG), click here. Our Adviser Profiles are available here.