Mortgage Broking and Financial Advice

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so Josh tell us about your role what
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does a wealth advisor do so a wealth
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advisor as the name suggests is about
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getting people wealthy so it's really
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about improving your financial situation
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you know and really about achieving your
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goals so what we do as part of that is
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we look at where you are now so your
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current situation what are some
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challenges that you're facing you know
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obviously there there's difficulties
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with cost of living and things like that
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and everyone almost everyone I'd say
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want to improve their financial
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situation whether it's creating more
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security for themselves a more financial
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Independence you know setting up kids
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helping them into say first homes or
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with education that sort of thing we all
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have different goals and what what it's
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really about my job is understanding
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what are your goals where do you want to
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be what is your current situation and
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how do we get you from A to B so tell us
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how does it work what do people need to
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have ready to meet with a financial
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advisor so how it works is we really
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need to get a good understanding of your
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current situation so the more I know
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about a client situation the better job
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I can do uh at the end of the day so
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we'll send you out what we call our
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Discovery question here so it just asks
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you you know questions about you know
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what are your assets what are your
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liabilities what are your goals uh you
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know that's a really important part of
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that and so then you send that back to
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our team and myself as an advis will sit
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down and just have a good understanding
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you know make some notes see you know
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areas that we want to focus on during
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that initial meeting and just talk that
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through cuz in that conversation we can
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sort of tease out a lot more stuff and
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really get to know you as a person um so
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that that's sort of the main focus that
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meeting um that we typically have is is
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either online so we just do a video
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conferencing sort of like teams uh that
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sort of thing might only be sort of half
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an hour 45 minutes or we've got offices
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in Orland and Christ Church where we can
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meet with clients there seems to be a
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misconception out there that financial
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advisors are only available to those
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that are already wealthy is that true
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and are there any other myths that you
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can debunk for us so I don't agree that
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Financial advice is only available to
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the wealthy some people have different
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opinions and maybe that was the case you
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know a number of years ago but I don't
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think that is the case anymore uh you
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know Financial advice industry has
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expanded a lot you know and we target a
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whole bunch of different you know uh
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people in different stages of life with
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different strategies to help them so
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whether you're someone who's you know
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trying to get into that first time
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whether you're someone who's looking to
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retire in a couple years or already are
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retired you know there's a whole bunch
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of um stuff we can do to help we
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obviously charge a fee you know just
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like most business businesses uh would
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or an accountant would or a lawyer would
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any sort of professional that you work
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with as a sort of fee for service but I
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would view that as an investment almost
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you know if you're you're going to
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someone to to get advice to you know
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who's really going to understand your
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situation yes it's going to cost you a
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bit of money and time but if that's
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going to lead to much better outcomes
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you know in the future uh that's going
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to make a huge difference to what you're
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able to do there's a bunch of studies
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out there that and they sort of vary in
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terms of how much you know value an
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advisor uh can make so I've sort of seen
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some that say well sort of adds about 4%
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uh in terms of investment returns per
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year or all the way up to six depends
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who you believe um but a big part of
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that is just helping people you know
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understand the opportunities they've got
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some of the risks um or challenges they
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have and how you know just some of that
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behavioral stuff around Investments as
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well we can add a lot of value

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[Music]
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so anyone who's looking to improve their
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financial situation we work with people
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who are trying to grow their wealth um
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or are already wealthy and looking to
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protect their wealth so it's all about
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you know getting you from where you are
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now to where you want to
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be Financial advice involves basically
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Discovery session where we understand in
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your overall financial position and then
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we help you um determine what financial
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goals that you're looking to achieve and
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that could be in the areas around um
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Building Wealth understanding whether
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your mortgage is structured well we also
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deal with investment properties personal
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insurance is protect your
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wealth so we typically meet online uh as
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as the first sort of meeting we service
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clients up and down the country so from
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right up north to uh to to down south
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yeah happy to meet in person as well
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we've got officers in Christ Church and
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Oakland whenever you're ready is what I
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would say but the best time to start
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this stuff is now um you know a lot of
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people leave things a little bit too
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late and the more time we have on our
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side uh we can you know use that to
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improve your situation because creating
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wealth is not something you can just do
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overnight you need a plan and a strategy
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and it takes
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time if you're looking to improve your
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situation make make sure that you're
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actually on track for that retirement
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goal if you want to buy yourself a boat
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a batch ensure that you've got enough
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funds for your overseas holidays then
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the best time to to meet is with us now
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and and so we can help you work through
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that and make sure that you're actually
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tracking
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[Music]
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okay so I'd say don't overthink it uh
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you don't have to know everything on day
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one uh just reach out to our team uh
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Google become wealth it's very easy to
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follow the website read some of our
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articles call if you want to do a bit of
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preparation work uh then I we'll take it
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from there get in touch with us today we
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offer a 30 minute no obligation free
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financial health check and we can get to
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understand what your overall position is
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and um for those that are in the dfss C
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A and C schemes we offer free financial
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advice you've got nothing to lose get in
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touch today
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[Music]

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foreign
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[Music]
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kiwisaver as with many Investments
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there's something called a risk
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tolerance questionnaire or risk
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assessment quiz or something named
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similar to that and when you sit down
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and do the quiz it'll spit out an answer
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and say perhaps what fun choice you
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should be thinking about for example a
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balanced fund or a growth fund or
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something similar one of the the key
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questions and most of those question is
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is when do you want to actually access
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your money and that in my mind is one of
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the most important questions that often
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is overlooked or brushed over a little
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bit too quickly in Practical terms if
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someone wants to access their funds
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sooner rather than later perhaps they're
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thinking about a first-time withdrawal
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in the next five years usually it's
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better to be in a low risk low return
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type fund to avoid fluctuations perhaps
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at the time that they want to access
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those funds to buy a first home on the
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flip side someone else could do one of
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those questionnaires and it might say
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something like a balanced fund but if
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they already own a home and they can
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access their funds until 25 and
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potentially 65 could be 30 years away
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then they've got a very very long Runway
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and that's where they could be
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considering a lot more risk in return
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than just a simple balance

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[Music]
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so i'm a big fan of borrowing to invest
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when it suits an individual or a
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couple's
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situation and goals and appetite and
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capacity for risk so it's it is higher
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risk and it needs to be carefully
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considered but one of the best examples
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of borrowing to invest right now is
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actually unfolding on the world stage
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and that's elon musk the richest man in
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the world buying a company called
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twitter and he's doing that or the
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majority of the purchase price is being
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paid with money that isn't his he's
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borrowing it so i think when the richest
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man in the world is doing something
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the rest of us could potentially sit up
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and take notice and realise that there
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are lessons to be learned from that and
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understand that there are tax advantages
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there are things such as a leveraged
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gain leveraged investment that is
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essentially accessing while it doesn't
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suit everyone and obviously we're not
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all the richest person in the world at a
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very small level we can still do that
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and potentially
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potentially harness those benefits