Andrew Dalton and Mi Wealth Plan offer a range of services, both holistic and non-holistic, to suit our many different types of clients.
Whilst it is always important to know as much as we can about your own situation, we do understand that not everybody is keen to share every intimate detail about their financial and family circumstances.
Holistic financial planning involves looking at your whole situation as a whole piece, and making financial recommendations based upon the bigger picture. Just in the same way as holistic medicine looks at the whole body, holistic financial planning looks at how changing one thing might influence another.
Not everybody needs to start the financial advice process at the same point. We meet lots of people who have set themselves goals, know their budget and have started to consider repaying and consolidating their debts.
Still, from the ground up we believe that there is a process to follow in order to ensure that all our clients leave no stone unturned.
Setting Goals and Objectives
Without goals and objectives we have no way of tracking your progress. As a race, we do tend to excel at procrastination, and it is no surprise that most of us don’t write down what we want to achieve.
Did you know that in 1979 the Harvard MBA program asked its students if they had written their goals down? The results were that ten years later, those students who had written down their goals were earning almost ten times as much as everybody else in the class combined!
- Clearly, writing down goals is important. It helps focus your mind on actually achieving those goals.
A lot of progress can be achieved simply by capturing exactly what you are spending. Where we excel in this area is by using fantastic systems that help you simply and efficiently identify what you are spending and categorizing your spending into distinct areas.
It sounds crazy, but we often find people are spending hundreds of dollars a year that isn’t accounted for such as lottery tickets, app purchases and more.
Personal Insurance – Insuring Yourself
Now that we have targets set and your budget under control, make sure your hard work isn’t undone by death, illness or injury. We help you to understand what policies are important to you, and how to fund these important policies in a way that is most beneficial to you.
Wealth Building and Debt Reduction
We often find that a combination of reducing your debts and starting investments can work well depending on your own personal circumstances.
We help people to understand the risks and rewards of investing, whether it is a property you are looking to purchase or whether you like the concept of share ownership and investing in companies. Looking at things from a wider perspective, is an international investment one that you should consider, or are bonds and alternative assets something that you should hold in your portfolio?
- You can count on us to ensure that whatever your outlook we can find an investment that is right for you.
Are you one of the many people who have lots and lots of superannuation funds because you have been employed in many roles for a short period of time? Thankfully, if you have filed a tax return yourself you are likely registered on the http://my.gov.au website.
It’s a great starting point to identify all of your super funds registered with the ATO, but after you have done that search you really need to sit down and work out what is your best option.
As an example, one client of ours was about to consolidate all of her superannuation funds together but chose to ask for advice. By doing a thorough review of all her funds, we were able to identify a number of important insurance products that she desperately needed and we avoided what could potentially have been a disastrous event for her.
- We carefully select a product suited to you based upon your goals, needs and objectives, and before we select investments for you we make sure that we discuss how asset allocation impacts upon the lifetime performance of your funds.
Some people look forward to retirement, others dread the prospect. No matter your outlook on life, one thing is certain; failing to plan for retirement could lead to your expectations being dashed. Understanding what retirement means for you helps us prepare you for that eventuality.
- Can you spare extra savings?
- Would you like to go on holidays overseas?
- Is looking after your grandchildren important to you?
By taking the time to know you, we can help you to get closer to the things that really matter.
Looking After Your Business
Have you got a business? Are you a partner in a business? Some of our clients do, and it is really important that if you do too you are clear about what you might want to happen if you or your business partner were to have an unfortunate event.
Not only that, but we have excellent relationships with other professionals who can help you with areas such as marketing, accounting, bookkeeping, signage and even apps for your business!
If you would like to know more about how we can help you, why not contact us today so we can discuss your own personal needs.
In conclusion, although we specialize in the area of personal insurance and superannuation, you can also expect quality advice on the following topics:
Exploring how you can structure your cover to enhance your tax savings and looking at ways of implementing this important cover in a cost effective way.
- Life & Disability cover
- Trauma cover
- Income Protection
- Business Succession Planning
How to best manage the money you have coming in and making every cent count. The power of compounding interest is massive, and the sooner you start planning for the future the easier it is to get there on track.
- Debt Reduction
- Investment Planning