What is financial advice

Financial advice can mean different things to different people.

Ultimately, financial advice should improve your current financial position, by putting the appropriate strategies and structures in place to provide protection and to assist in managing your cashflows and asset base.

The strategies utilised in the financial advice process should be tailored to each individual, as current positions, needs and objectives vary.

Depending on the stage of life you are in or approaching is also a factor in the financial advice process:

Retirement: this may mean managing your assets to ensure security and ‘peace of mind’, whilst providing a delivery of regular income to meet your lifestyle needs. We never know how long retirement will last, so it is best to obtain appropriate advice to have this managed professionally.

Pre-retirement: it is important to maximise your asset base leading up to retirement to ensure that you have sufficient resources to deliver income throughout your retirement years.

Strategies are available to maximise your current income and enhance your asset base to assist in achieving this goal. Whilst some people start planning for retirement 6-12months out from the event, those that take action earlier (5-10years) will gain the greatest benefits.

Accumulation: protecting your family, maintaining your current lifestyle, debt reduction and wealth creation are high on most priority lists. The correct advice can assist in building a foundation for which your future financial success can be built and maintained.

We will look to identify any areas of risk, which may have been overlooked in your current financial position and left your family or financial position exposed. Once identified, then the appropriate strategy can be identified and implemented and the risk minimised or eliminated.

We will also look for opportunities for which you can take advantage of and benefit financially through the correct approach and strategies. These opportunities may relate to strategies not yet utilised, legislation changes, investment opportunities or in many other areas covered by our advice.

Ocean Advice

Street Address
Marquesas North, First Floor
17/247 David Low Way
Peregian Beach, Qld, 4573

Postal Address
PO Box 114
Coolum Beach QLD 4573

Phone 07 5471 2099

ABN 54 168 712 052

Corporate Authorised Representative No.458027 of Advice IQ Partners Pty Ltd ABN 95 134 016 210

Australian Financial Services License No. 332957

Subscribe for Updates