Blogs

A lot of this is because, as humans, we are not particularly good at visualising our future selves.  We find it difficult to imagine how we might feel about things in the future and tend to subscribe greater importance to those issues and things we feel and have today.

When it comes to finances and planning for long term goals, such as leading a particular lifestyle in retirement, it can be difficult to firstly visualise what such a lifestyle may be and secondly to forgo money now to ensure you can reach that desired lifestyle.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

Dover had over 400 financial advisers operating under their license and were one of the fastest growing Financial Planning firms in the country. They had been under investigation by ASIC since 2017 and it was probable that their Australian Financial Services License (AFSL) was about to be terminated. Dover decided to pull the pin, surrender their license and close, leaving their financial planners unable to practice. Given their circumstances and reputation, they will find it hard to obtain and license authority somewhere else.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

How does that impact your retirement?

You’d support them – of course you would, you probably wouldn’t think twice about it. But that potentially leaves you with much less financial freedom to live your retirement dream.

And this is why we are seeing parents take out insurance policies for their adult children. In many cases even paying for the first year or two of premiums (for someone in their 20’s, in the early stages of their careers, the cost of income protection is very low).

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

Dividends have made headlines recently due to Labor’s proposal to remove refunds of excess franking credits to low and zero tax paying investors. Putting these proposed changes aside, I agree with Anton that dividend income will always remain an important element to consider when constructing an equity portfolio.

Below is a summary of Anton’s three key reasons why dividends have always been and will continue to be important for investors to consider.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

I thought with the introduction of the ‘Future of Financial Advice Reforms’ (2013), where commissions were banned and educational standards lifted, that we would finally move away from a product driven sales model to a Financial Advice Profession, highly regarded by consumers.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

On Dec 5 2017, I wrote in my blog “We will see numerous examples where AFSLs (perhaps not just the banks) have not shown a duty of care to their customer. Where ludicrous financial incentives were provided to those offering financial advice based on volume. And where institutions recommended clients to invest in company owned products, rather than proposing options that were in the best interest of their client.”

I raise this not to be a smart aleck but to highlight that for many in the industry, the Royal Commission findings are of absolutely no surprise! 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

When it comes to wealth management, or more precisely cash flow management, being mindful is an important skill to utilise on the road to success.

As financial advisers we often come across situations where individuals and families have seen their incomes grow substantially over time but have little in the way of accumulated wealth to show for their toil.  Our observations have often shown that expenditure has a habit of growing as our income grows.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

I am pleased to provide a summary of some of the proposals that I thought were most relevant and my views.

Personal income tax

The 32.5% upper threshold will be increased from $87,000 to $90,000 from 1 July 2018 which reduces the tax liability of those earning $90,000 or more by $135. A further increase in this threshold to $120,000 is proposed from 1 July 2022.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.

Blogs

It is increasingly difficult to see the wood for the trees. As financial advisers we are often asked what the market will do today, tomorrow or next week. The simple fact is that nobody knows what the market will do today or tomorrow.

In fact, it’s anybody’s guess as to whether the market will go up or down on any given day. So don’t try to time markets over the short term.

Returns over time

Some time ago, Dr Shane Oliver, Chief Economist at AMP Capital, produced a graph (below) showing the percentage of positive sharemarket days over varying time periods.

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.au

Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.