Wealth Management - Strategy future wealth

Wealth Creation

We all work to live, but we don’t want to be working forever. Wealth Creation is all about building up assets to give you more money to do the things we want to do. It is a combination of saving money, paying off debts and accumulating assets that grow in value over time faster than inflation; real growth assets.

The money may be used to pay for your children’s education, a long holiday, early retirement or any other purpose. At NBC Wealth Management we can help you achieve the financial lifestyle you want. 

Financial and Investment Planning

Financial Planning ensures your financial goals can be met through the development of comprehensive and effective strategies that will strengthen your financial security. These strategies provide a source of income other than your business or employment income. Our qualified and experienced team is able to discuss with you your financial options, providing a three stage service in financial planning:   1) Initial financial advice 2) Implementation of financial plan 3) Ongoing investment portfolio management

A variety of investment options are available, including corporate bonds, term deposits,  Australia and overseas shares, and managed investment funds, agri-business investments and infrastructure strategies to name a few.
Don't take unnecessary risks with your future. Allow the professionals at NBC Wealth Management to guide you towards achieving your financial goals. 

Superannuation

As the Government encourages Australians to take responsibility for reaching their financial retirement goals, citizens are repeatedly required to deal with Superannuation funds. Most workers now have a choice of where their superannuation goes, but may not know which fund to choose. Is their industry fund really better than another superannuation fund they can invest in? We can help you understand superannuation and select a fund that suits you.

For those who want to actively participate in their super investments, a Self-Managed Superannuation allows you to control your investment strategy, reduce tax while obtaining tax benefits, and control administration costs.

Superannuation law is a delicate area and personalised planning is required for each individual. At NBC Wealth Management we are superannuation experts, and can assist in establishing a superannuation fund that will effectively allow you to reach your financial retirement goals.

Superannuation services we offer include:

1) Establishment of Self Managed Superannuation Funds
2) Implementation of Investment Strategies
3)  Investment Recommendation  
4) Advice concerning Compliance Matters
5) Advice concerning Taxation Benefits
6) Advice on Employer Obligations

Retirement Planning

You have worked all these years to pay off your home and build a nest egg so you can enjoy life, but you are not sure whether you are ready or have enough money or you do not quite understand how to actually get to retirement. Even as you approach retirement you have a million questions and you are not sure if you have missed something you should know.
What if you do not want to completely retire yet, but are unsure if you can afford to reduce your work commitment. What are your options?

At NBC Wealth Management we understand that there is more to retirement than superannuation. 

Insurance

Insurance is the key to managing the financial burden on families and businesses caused by death or disability. The effects can be insurmountable, and protecting your loved ones against these events is crucial. The NBC Wealth Management team are experienced in sourcing and providing the cover that meets your own unique needs.

As well as protecting your ability to earn an income, the NBC Wealth Management team also recommends that you protect the assets you accumulate throughout your career and into retirement. We are experienced in the areas of:

  • Life insurance;
  • Trauma;
  • Total & Permanent Disability policies;
  • Partnership Cover (including Buy/Sell arrangements);
  • Key Person Insurance;
  • Business Expenses Cover; and
  • Income Protection.
  • Life Insurance

With life insurance, the life you’re really insuring is everyone else’s! Life insurance that pays out upon death is to all intents and purposes death cover. You won’t be around to enjoy any benefits, but your family will. And that’s why it’s important to have some kind of cover. As the major breadwinner, who would look after your family and how would they maintain the lifestyle they have enjoyed?

Income Protection Insurance

While life cover will look after your family when you die, what happens if you can’t work because of illness or an accident during the months it takes to recover, leaving school fees to pay, food to buy and a mortgage to maintain? Or maybe you can never work again and you’ve got school fees to pay, food to buy and a mortgage hanging over your head.

This is when you need income protection insurance, otherwise known as disability insurance. It’s estimated that you will earn something like $4 million over your working life, so it would be fair to say that your income needs protecting a lot more than your home and your car. This is even more so given that at the age of 35 you are 10 times more likely to be disabled then die.

Trauma Insurance

If you’re diagnosed with a critical illness or crisis, trauma insurance can relieve your financial difficulties. Unlike income protection insurance, which is dependent on your inability to work, trauma cover is paid out on the diagnosis of a defined critical illness regardless of your working status. Instead of receiving a monthly income stream, you are paid a lump sum that you can spend on whatever you like - medical bills, your mortgage, an overseas trip, or even a new car. The insurance company makes no demands on how you spend the money. Trauma insurance is often an adjunct to term life policies

Succession Planning

In ensuring the long term success of your business, it is critical to establish a well-designed succession plan. Coordination of the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, taking the stress off your shoulders.

Estate Planning

Most people prefer not to think about what happens when they die and put off planning for this situation. It is a very important issue to think about early and is an essential part of the financial planning process. Estate planning is determining how your assets will be divided on your death to ensure they are distributed efficiently and according to your wishes. Proper estate planning can reduce worry for your spouse and/or beneficiaries. All sorts of problems can occur if you have not planned your affairs properly.

It does not matter how small your personal wealth is, you should still ensure you have a current Will and plan your affairs. Appropriate estate planning can allow you to pass on your assets to your beneficiaries in a tax effective way and can minimise the effect of capital gains tax. As part of the process you should also check your superannuation funds and life insurance policies to see who you have nominated as your beneficiary and seek to make changes if necessary and possible.

Property and investments which are held as 'joint tenants' cannot be distributed through your Will. Ownership passes automatically to the surviving owner. If owned as 'tenants in common' your share in the property is distributed through your Will. It is essential to ensure your Will is legally enforceable. The executor is responsible for carrying out your wishes after you die according to the instructions. You should choose someone you trust, who is responsible and willing to accept the responsibility. This person must be named as executor in your Will and you may appoint more than one person.

Call NBC to discuss your financial planning and insurance needs. 

NBC Wealth Management Pty Ltd is a Corporate Representative of Professional Investment Services Pty Ltd, an Australian Financial Services Licence holder (Licence No. 234951), PIS has one of the largest networks of accountants, financial advisers and life insurance brokers in Australia.  The NBC Wealth Management Adviser Team provide financial advice as Sub Authorised Representatives of Professional Investment Services Pty Ltd.

For more information on PIS, please visit: www.profinvest.com.au 

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Professional Investment ServicesProfessional Investment Services Pty Ltd

AFSL No 234951
ABN 11 074 608 558

PIS Head Office Street Address;
Level 14, Corporate Centre One
Corner Bundall Road and Slatyer Avenue
Bundall QLD 4217