Are you really getting quality financial advice?

TAG financial planning

ASIC has issued a damning report on Australia’s largest banking and financial services institutions (ANZ, CBA, NAB, Westpac and AMP) and found:

  • 75% of the advice files reviewed the advisers did not demonstrate compliance with the duty to act in the best interests of their clients.
  • 10% of the advice reviewed was likely to leave the customer in a significantly worse financial position.
  • 68% of clients’ funds were invested in in-house products.

Read the full ASIC report

At TAG, we find this report disappointing as financial planning and wealth creation should be an enjoyable and transparent long term experience that makes a positive difference to you and your loved ones.

At TAG:

  • We are privately owned, self licensed, not tied into one investment strategy and do not have a vested interest in promoting any specific products.
  • Our advisers are accountants as well as financial planners, which ensures that our advice considers all aspects of your situation.
  • We deliver a personally tailored investment strategy that gives you confidence, certainty, security, flexibility and financial freedom.
  • Our fee for service approach is based on giving you the very best advice – not just selling you a managed fund or insurance policy.

This gives us the freedom to tailor a strategy that serves your individual needs. Together we will help you to achieve the financial and lifestyle goals that are important to you and your family.

To find out more:

  •  Complimentary Meeting: TAG can help ensure your financial goals are on track by running a Wealth Projection for your personal circumstances.  Contact us to organise a time.
  • Watch our video: A Roadmap to Financial Success.
  • Join our mailing list:  for TAG updates and invites to info sessions and webinars.
  • Contact Us: if you have any questions or want to commence your journey to financial success with a complimentary meeting.

Our Top 5 Resolutions for Financial Success

Start 2018 with our Top 5 resolutions to boost your financial success:

  1. Develop a budget – this is the most valuable tool for managing your finances (Tip: ASIC has a great budget template – find it here).
  2. Manage your debts – chip away at your debts and you’ll spend less on interest.
  3. Improve your cashflow – have a look at your incomings and outgoings to see if there are ways to even out your cash flow.
  4. Start saving – create a savings plan, remembering that every bit you put away adds up and makes a difference in the long run.
  5. Focus on the future – get your finances under control and start concentrating on your long-term investment strategy.

TAG can help ensure your financial goals are on track by running a Wealth Projection for your personal circumstances.

To find out more….

  • Watch our video – A Roadmap to Financial Success.
  • Join our mailing list – for TAG updates and invites to info sessions and webinars.
  • Contact Us– if you have any questions or want to commence your journey to financial success with a complimentary meeting.

Disclaimer: The information contained on this page is general in nature.  Professional advice should be sought before acting on any aspect on this page.

Financial Planning – where it went wrong!

Having been a Chartered Accountant and Financial Planner for over 20 years, it is clear to me where financial planning went wrong.  Financial Planners have often started at the end of the process – the product.  This means they have focused on the sale of the product and made their money from the product.  No wonder people are dubious about the industry.

At TAG, we don’t start with the product, we start with you.  And when we meet with you, we want to know these key things:

  1. Where are you now?
  2. Where do you want to be?
  3. What’s important to you?
  4. Can we help you get there?

Whether you’re 25 or 65, we get the answers to these questions by having you go through our Wealth Projection Tool process.  This gives you an understanding of the different options – it’s more than just picking a few investments and hoping for the best.  I am not saying for one minute that selecting the most appropriate investments is not an important part of wealth creation. What I am saying is start at the beginning – start with our Wealth Projections Tool, it really opens your eyes!

Please don’t fall into the trap of thinking you are not wealthy enough to get advice. The reality for many is they will be poor forever if they don’t engage a Wealth Advisor. Once the process starts it surprises many people on how little changes make a big difference over time.

Take the first step today!

Michelle Griffiths, Partner, Investment Advisory & Wealth

Disclaimer: The information contained on this page is general in nature.  Professional advice should be sought before acting on any aspect on this page.

TAG Financial Accountants and Advisers

Practical Solutions to Technical Problems

TAG Financial Services provides practical solutions to technical problems therefore our advice translates complex issues into practical solutions to you for your clients’ particular situation. TAG has been providing specialist superannuation advice to accounting professionals and the industry for nearly 20 years. Our experienced advisers have expertise in superannuation, business services and wealth management. At TAG we focus on special projects and once off consultancies for you and your clients.

Trustee Training Video

When you set up a SMSF, you become the trustee of your SMSF.  You can have the fund’s technical aspects handled by qualified experts but you are still the ultimate boss.

In this video, Brenda Hutchinson, Partner Superannuation Advisory and Audit, will cover your role and responsibilities of being a trustee and more!

Ensure you are the best Trustee you can be to optimise your retirement!  

To view the recording click here

TAG Tips: Be the best trustee…you owe it to your retirement!

Self Managed Super Fund (SMSF) can help you focus on having the funds to maintain a good lifestyle in retirement.

When you set up a SMSF you become the trustee of your SMSF. You can have the fund’s technical aspects handled by qualified experts but you are still the ultimate boss!  Yes, you are the head of the Board when it comes to running your SMSF and the regulators are making it very clear – ignorance is no excuse. 

You don’t need to fear this if you:

Have the advice of experts

At TAG, our advisers are superannuation specialists. We provide professional development to the accounting industry – our annual superannuation seminar is Australia’s longest running and most successful superannuation seminar and is designed to help financial advisers keep up to date with superannuation changes.

Ask questions

Our advisers meet with every Trustee on an annual basis, which gives the Trustee a great opportunity to understand and ask questions about their specific situation.

Understand your responsibilities

TAG offers all Trustees of the funds we administer complimentary Trustee Training, which explains your role and responsibilities.

Come along to our Trustee Training to ensure you are the best Trustee you can be and optimise your retirement – Tuesday 27th June, 6-7pm.