You’re probably comfortably covering your monthly expenses at this time, your risks are well covered, and you’ve become accustomed to your bond payment. As your salary grows, you’ll have more and more disposable income to invest. This is the time to start thinking about the medium- and long-term goals, such as the ones listed below:

• Have a plan and product in place to save for medium-term goals such as a down payment on a home, a car, or a vacation abroad.
• Make sure you have a strategy in place to save enough money for retirement:
  • You know how much income you’ll need in retirement; 
  • You know how much capital you’ll need to obtain that income;
  • You know how much and where to invest to get there;
• You’re on pace to pay off your debt before retiring.
• You have an up to date estate plan, and know-how costs like executor’s fees, transfer fees, capital gains tax, estate duty, and other after-death costs will affect your estate after you pass away.

Who can assist me with these requirements, and how will I pay for such services?

• Financial Planner / Investment Advisor / Wealth Manager
  • Will assist you in determining how much money you’ll need to save to meet your medium-term objectives and which products to use.
  • Will assist you in performing all retirement calculations and providing advice on how to attain them. 
  • How are they compensated?
    • A consultancy fee or an hourly rate
    • Commission earned on some investment products
    • Upfront or ongoing investment advice fees
• Financial Planner / Fiduciary Consultant
  • Will help you with estate planning.
  • Calculate assets and obligations
  • Calculate after-death costs
  • CGT, Estate Duty, Transfer fees, Executor fees, etc
  • Determine Estate Liquidity
  • Resolve Liquidity and Solvency Issues
  • Calculate the amount my beneficiaries will inherit
  • How are they compensated?
    • An hourly fee or consulting fee
    • Financial Planners could earn commission if a life policy is used to cover a shortfall.

Book an appointment with one of our qualified advisors to assist you with any of these services.