Financial Planning Services

How can we help?

At EFS Advice we work with a range of individuals and families to help them develop a financial plan so they can focus on what is truly important in their lives.

We work with our clients to get clear on their future and values, then break down their plan into achievable goals and help them achieve these goals with minimal risk.

Our financial planning services include (you can read about these services in greater detail below):

Financial Discovery
Financial Projection & Goal Setting Exercise
Budgeting and cash flow structure

Investing
Superannuation & Retirement planning
Property

Tax minimisation
Personal Insurances
Estate planning

Financial Discovery Service

We usually start all our interactions with new clients with our Financial Discovery Service.

Before we can answer questions like:

“should I invest in shares?”,
“should I invest in an investment property?”,
“should I put more into my super?” etc

We need to know about you, where you are now and where you want to be in future. This goes beyond the financial, we want to know how you feel about your financial situation, is there anything holding you back stopping you from achieving financial success, are you “good with money”.

Then we want to know where you want to be in 5, 10 or even 20 years in future. This gives us context to help you manage your finances to support the life you want. This also helps us determine what other financial planning services might be appropriate in your case.

Financial Projection & Goal Setting Exercise

Using financial tools we can project your finances into the future to ensure you are on track to financial freedom – whatever that means for you.

This exercise alone can be a breakthrough for many people, it helps our clients understand how they are tracking towards their financial goals and helps them start thinking about “financial trade-offs”.

Budgeting & Cash Flow Structure

The dreaded “B” word turns a lot of people off looking at their finances – but without knowing how much we spend, it’s hard to make any plans for the future. We aim to take some stress out of this process.

Some people need a lot more structure around their spending than others. We can help you with strategies to automate your spending and savings to make sure you are staying on track to meet your goals.

Investing

Once we have the big picture plan and know where you want to go, then we can get into the different types of investments. There is no one investment solution.

We don’t think investing needs to be complicated, in fact, we think many financial professionals over-complicate investment strategies & solutions.

Have a look at our brochure “Pursuing a Better Investment Experience” to get more information on our investment philosophy.

> View brochure here.

Superannuation

At least 10% of most Australians income is going into their super, small changes annual differences in superannuation strategies, fees, returns and other details can have a huge long term impact on superannuation savings at retirement. We help our clients make sure their super is maximised for them and invested in alignment with their goals and preferences.

The Government wants Australians to maximise their superannuation and therefore offers significant tax benefits to those that do, we make sure our clients take maximum advantage of these benefits.

Property & Debt Strategies

Property is a big part of most Australians wealth – and often their debt! We believe having a mix of good quality investments, such as property (whether it’s your own home and/or investment property/ies) and other investments is the best way to diversify your investment portfolio. We assist our clients to ensure their money is working for them to achieve their long term goals, while minimising risk along the way.

We also assist our clients with a strategy to pay off their debt, which debt/s to pay down first and how to structure investment assets in the most tax effective way.

Tax

The average Australian will pay several hundred thousand dollars in tax over their lifetime – we assist our clients to minimise their tax and take advantage of tax minimisation strategies and we keep on top of developments in the tax rules to ensure our clients continue to maximise these strategies.

Personal Insurances

Most Australians insure their things, but not always themselves or their income. We can help you figure out what insurance you should have and how much.

Estate Planning

Through relationships with solicitors we assist clients ensure their estate planning is up to date.