So, you thought your financial plan would be straightforward—but then your adviser says, “You’re complex,” and you’re left wondering, What does that really mean?
First, don’t worry! Complexity in financial advice isn’t a bad thing—
it’s simply a reflection of your unique situation. Let’s break it down so you can better understand why we might use the word “complex” and how it affects your plan.
1. Structures
If you have a company, trust, partnership, or self-managed super fund, you’re likely in the “complex” category right away. These structures come with separate reporting and compliance requirements that take extra time and care to analyse.
A key focus is understanding the tax implications. This is where your accountant or a tax specialist comes in to ensure that everything works smoothly together.
2. Property Ownership
Australians love property—it’s a common feature of many financial plans. However, property can add layers of complexity.
Retirement Income:
We’ll assess how property contributes to your retirement goals while accounting for the running expenses (that can be very high).
Debt:
If there’s a mortgage, that adds another layer to consider (repay or sell at retirement).
Legacy or Lifestyle:
Is the property an inheritance for future generations or a family holiday retreat? Knowing its purpose helps us integrate it into your broader strategy.
Risk Management:
Buying property comes with significant costs, so identifying potential risks and shortfalls is critical.
3. Goals
Your goals are what make your financial plan uniquely yours, and we love hearing about them! Whether it’s retiring early, traveling the world, or leaving a legacy for your loved ones, we’ll help map out the path to get there.
However, ambitious or multifaceted goals often require more time, effort, and strategy. That’s why we call them “complex”—but in a good way! Together, we’ll work to make your dreams achievable.
4. Behaviours
Let’s face it: people are complex. Your financial plan needs to reflect not just your goals but also you.
Do you prefer detailed explanations or quick summaries?
Are you a planner or more spontaneous?
Do you need reminders to stay on track, or do you thrive on accountability?
There’s no right or wrong here. Our job is to understand your preferences, adapt to your needs, and tailor our communication and services accordingly.
Building a Trusted Relationship
Complexity is just another way of saying that you’re unique, and your financial plan deserves special care and attention. Over time, as we get to know you better, things will feel less complicated and more intuitive.
Our goal is to build a relationship based on trust, mutual respect, and shared dedication to achieving your best financial outcomes. So, if you ever hear us say “complex,” know it’s just our way of saying, You’re worth the extra effort.
Hopefully, this explanation simplifies things for you! We’re here to guide you every step of the way.
General Advice Warning - This communication has been prepared on a general advice basis only. The information has not been prepared to take into account your specific objectives, needs and financial situation. The information may not be appropriate to your individual needs and you should seek advice from your financial or tax adviser before making any investment decisions.
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