finance

Small Steps to Great Success

If you want to get ahead, financially, it’s necessary to take some steps to get there. It may seem daunting and overwhelming but like anything, if you have a professional guiding you along the way, small steps can lead to something great. Step 1 | Seek advice It’s hard to achieve great success without a team of experts behind you and your wealth is no different. Getting professional financial advice means your adviser can work through a myriad of options with you and implement a strategy aligned closely to your financial goals. Retirement planning, tax-effective super strategies, investments and estate planning? Your financial adviser can help. Step 2 | Understand what role risk plays One of the first things your financial adviser will do is work out your risk profile, which they will check at regular review meetings. Why? Because risk is related to return, and this will help drive the recommendations they make to you in terms of your financial [...]

By |2020-02-05T12:28:49+11:00February 5th, 2020|Tips and Other News|0 Comments

General Insurance Information

How Your Premiums Are Calculated: Ever wondered how insurers work out the cost of your life insurance? There are many factors that can impact the premium you pay, but there are 4 factors in particular you need to be aware of. 1. Your personal risks 2. Your age and gender 3. The more protection you have, the higher the cost of your cover 4. Whether you’ve chosen to pay stepped or level premiums A number of other factors may influence your premium, including: 1. Your personal risks  Dangerous occupations can attract a higher base rate for your insurance, even before any loadings are applied. Poor health (such as a high Body Mass Index, or BMI) as well as dangerous hobbies, may add what’s called a ‘premium loading’ to your cover – which means you pay a higher premium than someone who doesn’t have those risk factors. Any loadings like these are recorded on your Policy Schedule. In terms of your health [...]

By |2019-11-13T13:58:38+11:00November 15th, 2019|Insurance|0 Comments

Ethical Investments

Ethical Investments - What does it mean? Socially responsible investing (SRI), or social investment, also known as sustainable, socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about a positive change. The term describes an investment process that incorporates environmental and social factors when selecting investments, in addition to the objective of achieving a competitive financial return. Investing ethically means that you know what your money is doing and what it is funding. In general, socially responsible investors encourage corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity. Some avoid businesses involved in alcohol, tobacco, fast food, gambling, pornography, weapons, contraception/abortifacients/abortion, fossil fuel production or the military. The easiest approach is to view Ethical Investing as a spectrum from "deep green" to "light green" products that let people invest according to their level of conviction. The deep-green end includes ethical funds that avoid sectors considered harmful — for example, tobacco, controversial weapons (landmines), pornography and companies that earn a significant amount of revenue from fossil-fuel industries. Ethical funds usually have relatively higher fees [...]

By |2019-03-12T11:25:38+11:00August 3rd, 2018|Tips and Other News|0 Comments
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