How will you structure a robust portfolio, ready for tomorrows challenges?

Customised wealth management strategies are essential in addressing the challenges and opportunities in regional settings. 

Our tailored approaches account for the fluctuating nature of regional economies, providing diversified investment portfolios that mitigate risk. We’ll focus on tax optimization, succession planning, and asset protection, ensuring the preservation and growth of wealth across generations. 

Our knowledge of the intricacies of regional markets will assist in the creation of a personalised wealth structures, empowering businesses to navigate economic nuances effectively, fostering stability, growth,

How will you ensure the long-term success of the family business?

Our succession planning service helps family businesses navigate the complex and emotional process of transferring ownership and management to the next generation, ensuring the long-term success and continuity of the business

In order to develop a comprehensive succession plan, we’ll assess you and your family’s personal and professional goals, as well as the current state of your business, including its financial health, key personnel, and organisational structure. 

We can assist in identifying potential successors, while determining the roles and responsibilities of each family member and other key personnel. 

We will also consider tax planning, estate planning, and other legal considerations, such as the creation of trusts, self-managed superannuation funds or other entities in recommending and  implementing a timeline for the transfer of ownership and management.

Is your family business being managed professionally and effectively to ensure its long-term success?

We understand that working within a family business can be challenging. We’ll help your family develop an effective governance structure that aligns your interests as a family with those of your family’s business. We’ll create a framework of policies, procedures, and guidelines to manage the professional relationships, roles, and responsibilities of family members in the business.

We can assist by developing a family constitution or family agreement, establishing a family council or board, and creating policies and procedures for decision-making, conflict resolution, and communication.

The goal of our family business governance structures service is to ensure that the family’s values and interests are aligned with the goals and objectives of the business and that the business is managed professionally and effectively to ensure its long-term success.

Do you have powers of attorney prepared for when you may need it the most?

Powers of attorney are legal documents authorising another person to act on your behalf should you require. They can be used for a variety of purposes, including: managing financial affairs; making medical decisions; or handling legal matters.

We can discuss your requirements and assess the scope of the powers to be granted. Depending on your specific needs, we can prepare a durable power of attorney, which remains in effect even if you become incapacitated; or a limited power of attorney, only valid for an agreed period of time or purpose.

Powers of attorney help individuals ensure that their affairs will be managed according to their wishes, if required. They provide peace of mind for the individuals granting the powers, and the loved ones who may need to act on their behalf in the future.

Are you doing all you can to preserve your family’s wealth for future generations?

Our Tax Effective Estate Planning strategies can minimise taxes owed by your estate after your passing, ensuring your assets are distributed according to your wishes. We can use a range of legal and financial tools, such as wills, trusts, and life insurance policies, to help you plan for the future.

We will make an assessment of your financial situation while considering the objectives for your estate in order to develop a customised estate plan that minimises tax liability while ensuring your wishes are fulfilled.

Our estate planning strategies may include:

• Setting up trusts to transfer wealth to beneficiaries, 
• Establishing charitable giving plans to reduce tax liabilities and 
• Utilising life insurance policies to provide liquidity for estate taxes.

Do you have effective business communication and collaboration among your family members?

We specialise in fostering improved collaboration within your family by creating a customised family business education program. This initiative is designed to equip your family members with a comprehensive understanding of your business and its intricacies.

Our focus on family business education and enhanced communication aims to guide your family through the distinctive challenges and complexities inherent in blending familial and business dynamics. By promoting effective communication and collaboration, we contribute to securing the enduring success and sustainability of your business in the long run, while developing communication protocols and policies to promote transparency and open dialogue.

Additionally, we can facilitate family meetings or retreats to promote discussion and collaboration among family members, and to establish a shared vision and mission for the business.