Financial plan preparation and implementation (Statement of Advice) At HRFP we listen to your goals, we identify opportunities, and we implement strategies to help you achieve what you want in life. No matter what stage you’re at, we can help you.
What you choose to do with your finances today will have a significant impact on your future. Our aim is to provide a balance between your lifestyle needs today and your lifestyle needs in the future.
The best way to make your money multiply is to meet with us regularly.
Once your financial plan is in place, we like to monitor it on an ongoing agreed basis to make sure it stays up to date. We’ll work with you to adjust your financial plan to reflect any changes in your life, be they your goals or your financial situation as well as changes in investment markets and legislation.
“The only thing constant in life is change. ” - François de la Rochefoucauld
We can help you:
Rest assured knowing the investment funds we recommend have been independently researched by big name brand MLC to ensure they are appropriate and safe for your use. But that’s not all. We provide a further filter of quality to come up with the cream of the crop which becomes our ‘HRFP preferred investment list’.
Borrowing to invest can give you magnified returns but it can also give you magnified losses in a bear market. So at HRFP we’ll comprehensively review:
All this research will help us evaluate if borrowing to invest is appropriate for your circumstances. If it is, we’ll help you:
As hard working Australians we deserve to enjoy the same (or better) quality of life in retirement as we had when working.
Now is the time to take the trip you’ve always longed for, to visit the grandchildren, to buy a new car, to redecorate, to do the things you’ve always wanted to but never had the time. Now is the time to live!
“You miss 100% of the shots you don't take.” - Wayne GretzkyStill young? This is the perfect time to decide what age you want to retire, how much you’ll need, and how to accumulate it. Who wouldn’t want to retire financially secure and looking forward to a great quality of life?
If you're approaching retirement or even at retirement, we’ll help you make the most of your finances. Our retirement solutions offer a regular tax-effective income, potential social security benefits, and ways to boost your savings without impacting the amount of money you have to live off.
Did you know the average life expectancy is increasing? For men it is expected to rise from 79 today to 86 by 2047. For women life expectancy is 83 today, and forecast to be 90 by 2047.*
As our population ages, Aged Care is becoming a very important issue for Australians.
A key component of successful social security planning is implementing tax effective investment and savings strategies. This involves the use of superannuation, income streams, and company imputation credits to assist in minimising the amount of income tax you have to pay.
At HRFP, we can assist with these strategies to help ensure that you and your loved ones are looked after financially. Our strength is our in-depth understanding of current taxation rules, and our access to technical specialists that can assist us for specific issues.
Our comprehensive knowledge on Centrelink benefits and social security policies in relation to the aged pension means we can also assist you with strategies that help maximise your entitlements. We’ll even help you complete the initial applications and ongoing Centrelink requirements.
*Intergenerational Report 2007, Commonwealth of Australia, April 2007
There are some good reasons to invest in superannuation:
We have a wealth of experience in managing our client’s personal superannuation and setting up self managed super funds and can discuss the pros and cons of both.
When it comes to superannuation, the sooner you start saving the better.
Don’t wait until it’s too late to start thinking about it. Give consideration to your Superannuation now.
Think it won’t happen? Around half of all Australians aged over 30 will suffer at least one of the seven health conditions that can lead to long-term disability and, consequently, a long-term loss of income. *Source: NATSEM, Health and Income in Australia, 2003.
If you died suddenly would you leave your loved ones with debt? Or financially secure? If you got sick and couldn’t work, how long would it be before you started going in to debt? Who would pay the mortgage? The bills? The school fees?
At HRFP it’s not just our job to accumulate wealth, it’s also our job to protect wealth.
Owning Life, Critical Illness, Total and Permanent Disability, and Income Protection ensures that you and your family’s way of life is secure - and so are your investments and savings.
Our insurance options are very comprehensive, offer loads of extra benefits, and you won’t get stung with hidden exclusions.
At HRFP we’ll personally tailor how much cover you’ll need in the event of death, critical illness, total and permanent disability, and loss of income. We’ll manage your application from beginning to end. And in addition we’ll offer a range of strategies to make insurance more affordable.
Best Doctors was established to connect ill people to peer-nominated leading specialists from around the world. Best Doctors provides confidence, clarity and certainty to a patient’s diagnosis and treatment plan. And all this is done at no additional cost to you as MLC pays for your access to this service, not you.
Hear how Best Doctors is already changing the lives of MLC clients: -
Critical Illness Elizabeth
What plans have you made in the event of your business partner (s) leaving suddenly through death, injury or illness?
What would the impact on your business be, if you lost a person with key skills? What would it cost to replace those skills?
Could the business continue?
Would you be forced to pay debts or loan guarantees?
Would you have enough cash flow to meet ongoing business commitments?
And what about the exiting partner? Will they or their estate be fairly and adequately compensated for the disposal of their interest in the business, particularly in retirement and estate planning contexts? How would this be funded? Do you have an agreed value?
At HRFP with our experience, knowledge and access to specialists we can take you through all these questions and give you an understanding and look at affordable options to protect you, your business and your family’s interests.
Making and sticking to a budget is the foundation to financial success.
It’s never too late, and you’re never too old, or too young to start budgeting.
“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.” – Maria RobinsonAt HRFP we can assist in:
Experience the joy of financial freedom as you become financially self sufficient.
This website is intended to provide general information only and has been prepared by Hickman & Ritchard Financial Planning (ABN 86050061348) authorised representatives of MLC Financial Planning (AFSL number 230692) without taking into account any particular person's objectives, financial situation or needs. Persons should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend persons obtain financial advice specific to their situation before making any decision regarding a financial product. Before acquiring a financial product persons should obtain a product disclosure statement from the product issuer and consider its contents with respect to their personal needs, objectives and financial situation. GWM Adviser Services Limited, trading as MLC Financial Planning, MLC Building, 105-153 Miller Street, North Sydney NSW 2060 Australia, is an Australian Financial Services Licensee and a member of the National Australia Group of companies
The use of this site is subject to the following Terms & Conditions. Please read them carefully. Using the site means that you have read and accepted the Terms & Conditions.
The privacy of your personal information has always been important to us at Hickman & Ritchard Financial Planning. We are committed to respecting your right to privacy and protecting your personal information. We are bound by the National Privacy Principles in the Privacy Act 1988 (Commonwealth) and any relevant Health Privacy Principles under State legislation (1), as well as other applicable laws and codes affecting your personal information. Our staff are trained to respect your privacy in accordance with our standards, policies and procedures.
This Privacy Policy outlines how we manage your personal information. It also describes generally the sorts of personal information held and for what purposes, and how that information is collected, held, used and disclosed. Our Privacy Policy applies to all your dealings with us whether via our websites or an advisor. However, depending on the organisation with which you deal, further privacy information may apply in addition to the matters discussed in this Privacy Policy. We encourage you to check our websites regularly for any updates to our Privacy Policy.
In line with modern business practices common to many financial institutions and to meet your specific needs (such as where you have a financial adviser) we may disclose your personal information to the organisations described below. Where your personal information is disclosed we will seek to ensure that the information is held, used or disclosed consistently with the National Privacy Principles, any relevant Health Privacy Principles under State legislation and other applicable privacy laws and codes.
- other organisations to which personal information is usually disclosed are medical professionals, medical facilities, health authorities, assessors, underwriters, reinsurers and fraud detection agencies and other organisations involved in our normal business practices.
Your personal information may also be used in connection with such purposes.
We may use or disclose your personal information to let you know about, and develop, products and services from that might better serve your financial, e-commerce and lifestyle needs or promotions or other opportunities in which you may be interested. For example, we may do this after an initial marketing contact. You can contact us at any time if you no longer wish us to do so (see "Contacts"). Keeping your personal information accurate and up-to-date We aim to make sure that the personal information we collect, use or disclose is accurate, complete and up-to-date. We will take reasonable steps to make sure this is the case. This way we can provide you with better service. If you believe your personal information is not accurate, complete or up to date, please contact us (see "Contacts").+
We store information in different ways, including in paper and electronic form. The security of your personal information is important to us and we take reasonable steps to protect it from misuse and loss and unauthorised access, modification or disclosure. Some of the ways we do this are:
We take care to ensure that the personal information you give us on our websites is protected. For example, our websites have electronic security systems in place, including the use of firewalls and data encryption. Depending on the organisation with which you deal, user identifiers, passwords or other access codes may also be used to control access to your personal information. Please refer to the website of those organisations with which you transact electronically for more information on website specific privacy and security procedures.
You may be able to access external websites by clicking on links we have provided. Those other websites are not subject to our privacy standards, policies and procedures. You will need to contact or review those websites directly to ascertain their privacy standards, policies and procedures.
Without your consent we will not collect information about you that reveals your racial or ethnic origin, political opinions, religious or philosophical beliefs or affiliations, membership of a professional or trade association, membership of a trade union, details of health, disability, sexual orientation, or criminal record.
If you have any issues you wish to raise with us, or would like to discuss any issues about our Privacy Policy, then you are able to do so a number of ways: You are always welcome to speak directly to our staff and they will do their best to resolve your issue. If investigation is required we will keep you advised of progress. If staff is unable to resolve the matter, it will be escalated as appropriate to facilitate resolution.