The plan is fluid, the foundation is stable.
Success can’t be left to chance. So we’ve developed a philosophy which establishes a firm foundation upon which we build a personalised and highly adaptable plan for ‘Activating your Wealth’. These pillars – Money Mindset, Asset Management and Intergenerational Wealth – are critical in helping us bring people together as they transition to ‘more life, less work’.
Money Mindset
Your money mindset is the first pillar to our Activating Your Wealth™ philosophy. Understanding it is an opportunity for creating unforgettable life experiences with greater financial certainty and control.
We aim to fully understand how you think and feel about money. Essentially, your ‘money mindset’. Our conversations with you focus on uncovering your values and your experiences with money, as well as your goals, your priorities, and the timing of outcomes which matter most to you.
Talking openly and confidentially from the outset is key. The discoveries we make and the ideas which grow from them can help us determine the right pathway for you. So often small insights can make a big difference to what can be achieved.
In our experience, we find that what people value the most, is family. This guides our discussions about where they want to be and what they want to do. We start by mapping out what ‘a life well lived’ might look like for you. From buying a family holiday house big enough for everyone, anytime, to helping kids with their first house or business venture. Perhaps it’s a memorable overseas adventure, every year. We know the right questions to ask, to achieve outcomes that provide rich life experiences and enhance family connection with each other.
After all, there’s more to wealth than money alone.
Asset Management
Asset management is the second pillar to our Activating Your Wealth™ philosophy. It’s your opportunity to take a step back and consider where you are now, but also where you could be.
Our conversations about assets go deeper than a simple review of what you have now or what you want to own in the future. For us, understanding the potential income an asset can generate, as well as the risks involved, is critical in providing you with the best options.
Asking ‘What’s the purpose of the asset?’ can provide real clarity. A property or share portfolio, for example, can generate income or be held as security for future investment opportunities – each a valid purpose.
There are times, however, when we ask the question and find the asset is no longer serving its purpose: a family home with strong emotional significance, perhaps, or a collection of cars or artwork owned by a family member.
Ultimately, it’s your decision, but opening your mind to the possibilities is a step towards activating your wealth. Our role is to ask the questions that help you decide the most rewarding path.
Intergenerational Wealth
Intergenerational wealth is the third pillar to our Activating Your Wealth™ philosophy. It’s focused on the ideal balance between enjoying what you have while you’re around to enjoy it, and transferring your assets to future generations.
The old adage of ‘you don’t know what you don’t know’ can weigh heavily on the mind in an era where intergenerational wealth transfer has become a phenomenon.
In our experience, people want to ensure the wealth they’ve created can be not only passed on with financial efficiency, confidence and an assurance that beneficiaries are able to develop a proper appreciation of their responsibilities… they want to be able to share in the opportunities with their families – right now. As such a “Living Will”.
The conversations we have will include tax implications, gifting, family loans and the timing of access. Perhaps more important is the ability to be open to the other requirements of beneficiaries – such as financial education and ongoing support. This approach helps family members better understand wealth and benefit from the knowledge that has contributed to your success.