Are you concerned about the impact of the upcoming legislative changes to your business and looking for solutions? Or are you just looking for a more adviser focused partner?
Click here for a short video message from PATRON Financial Advice on how we can help.
To find out more, please feel free to email Robert McCann or call 1300 784 448.
Please find here a link to the latest edition of the PATRON Money Matters Newsletter which is available for clients and the general public.
PATRON Financial Advice has appointed former Australian Financial Services State Manager, Sharon Cummins, to the newly created role of State Manager, Victoria.
Cummins, who started with PATRON in late August 2011 will be in charge of recruiting financial planners and risk advisers, and promoting PATRON in Victoria.
She will also oversee planners practice management support and professional development in the southern state.
Cummins joined the financial services industry more than 18 years ago and has held senior positions in AFS over the past 4 years.
PATRON was established in 2007 and has 50 advice businesses located in NSW and the ACT.
An indisputable FOFA change will be the introduction of a “right advice” duty. Structuring your processes and staff to comply with the changes is becoming increasingly more difficult and expensive.
For the cost of less than 1 full time staff member, let us;
1. Manage all your SOA’s.
2. Take over all due diligence on getting applications completed.
3. Structure your soft copy files that show a complying paper trail.
4. Set up and manage your review process.
5. Be the first port of call for all your client issues.
David Robertson – Adviser: “I have been using PATRON Adviser Solutions for my back office since the beginning and the support I receive in getting business completed and dealing with client enquiries has been extraordinary. Importantly, PATRON Adviser Solutions also ensures my business compliance is completely maintained. This has allowed me to focus on the important aspects of my business, speaking with clients and prospects, rather than being bogged down by administration issues.”
To see more on the services offered by the PAS team please click here
For a confidential discussion please contact us at advice@patronfa.com.au
Please find here a regular Economic update for your information:
Everyone thinks about change and making resolutions when the calendar year ends but what about the financial year end?
The new financial year is a perfect time to make some resolutions to improve your financial health. If you create simple and easy-to-follow resolutions you will be more likely to succeed. To start, you can ask yourself the following questions:
• What do I really want to change?
• What are the benefits of making changes?
• What steps do I need to take to make changes?
• What will stop me from making positive changes?
• Are my changes realistic and long term?
This article lists some simple, easy-to implement resolutions you could take on for the new financial year.
The most common reason people don’t take advantage of tax deductions when they file their tax return is simply because they don’t keep receipts. While keeping receipts for big ticket items is necessary, you don’t always need a receipt for the smaller items such as stationery and books.
Achieving your financial goals doesn’t have to be daunting; a good way to start is with a budget. Try to keep a diary for your expenses and your spending. This will enable you to track where your money is going and how much spare cash you can use to either attack your debt or build investments.
Look at cutting unnecessary expenses. This could be as easy as making your lunch or coffee at home, cutting out optional extras such as lottery tickets or taking public transport instead of driving.
Try paying more than the minimum off your debts. Whether it’s personal loans or credit cards, paying the minimum will hardly make a dent as you will only be paying off the interest.
Set aside a little bit of extra money each day, week or month. If you can save just $10 a day, you will have an extra $3,650 at the end of the year. You can talk to your employer about getting it automatically deducted from your pay – if you don’t see it you are less likely to miss it.
Think of the long term and your lifestyle when you retire. One way to increase your retirement savings is through salary sacrificing some of your pre-tax salary. This will not only help to increase your super savings but could also reduce the amount of tax you pay.
Your financial adviser will help you keep to your resolutions and make sure your financial strategy is appropriate for the year ahead.
