2013 Financial Planning Association (FPA) Best Practice National Award Winners

Top 10 Financial Planner would like to congratulate the 2013 FPA Best Practice National Award Winners below;

The awards recognise excellence in financial planning by giving clients superior outcomes inline with the FPA Code of Professional Practice and Code of Ethics.

  • James Kenny CFP® – National & QLD Winner FPA CERTIFIED FINANCIAL PLANNER® Professional Best Practice Award
  • Mark Miller AFP® – National & QLD Winner FPA FINANCIAL PLANNER AFP® Best Practice Award
  • Jeremy Gillman-Wells CFP® – National & ACT Winner FUTURE2 COMMUNITY SERVICE Best Practice Award

More information about the awards can be found on the Financial Planning Association Website.

 

Russell & ASX Long Term Investing Report

Russel Investments & ASX Long Term Investing Report

Russell Investments and the the ASX have released their June 2012 long term investing report.

10 Year Asset Class Returns to December 2011 are below. 

Australian Shares: 6.1%

Residential Investment Property: 8.0%

Australian Listed Property (REIT’s): 0.40%

Australian Bonds: 6.40%

Cash: 3.8%

International Shares (hedged): 3.70%

International Shares (unhedged): -3.10%

Global Listed Property (unhedged): 1.80%

It is important to note these returns do not take into account taxation.

You can find further information such as 20 year returns, after tax returns and what impact gearing has on the investments using the link below.

Source: Russell & ASX Long Term Investing Report.

Important Factors when Choosing a Financial Planner & Adviser

A recent Australian study conducted by Hall & Partners Open Mind asked what are the most important factors when it comes to financial advice?

1. That the financial adviser is independent 61%

2. That the financial adviser has specialist knowledge (e.g tax) 56%

3. That the financial adviser has relevant accreditation 52%

4. The financial advisers track record 47%

5. The cost of the advice 43%

6. Recommendations for the financial adviser 28%

7. Other 4%

As shown above the majority of respondents are looking for a knowledgeable independent adviser that can be trusted to give high quality recommendations.  Make sure you look for these qualities when appointing a financial planner to look after your wealth.

Visit choosing a financial planner for more information.

 

 

Proposed Superannuation Changes – Treasurer Wayne Swan, 05 April 2013

On Friday 5th April 2013 Treasurer Wayne Swan announced possible changes to superannuation mostly impacting top earning large balance superannuation funds the key points were;

  • From 1 July 2014 Superannuation funds in pension phase would have earnings in excess of $100,000 pa taxed at 15% as opposed to 0% (estimated to impact 16,000 superannuation funds).
  • No changes are proposed to taxation of superannuation in accumulation phase.
  • From 1 July 2013, people aged 60 and over will see increased concessional caps from $25,000 to $35,000.
  • Excess concessional contributions will be taxed at the individual’s marginal rate, plus an interest charge.  The Government says this will mean individuals are taxed on excess concessional contributions in the same way as if they had received that money as salary or wages.

Keep in mind the whilst changes are proposed it is a good idea to have a chat to your financial planner if you could be impacted about strategies available to improve your situation.

Being aware of possible changes and taking a proactive stance with financial planning ensures you are always in the optimal position.

Links with further information about the proposed changes are below;

ABC News – http://www.abc.net.au/news/2013-04-05/super-changes-to-affect-16000/4610976

Bloomberg News – http://www.bloomberg.com/news/2013-04-04/swan-plans-changes-to-australia-s-1-6-trillion-pension-savings.html

Top 10 Financial Planner

Rob Pyne – FPA 2012 Best Practice Awards CERTIFIED FINANCIAL PLANNER® Professional Category

Congratulations to Rob Pyne CFP® from HPH Solutions, Como for taking out the WA CERTIFIED FINANCIAL PLANNER® Professional Category Award.

Click here to visit Rob Pyne and his team at HPH Solutions.

About the Awards

The FPA’s Best Practice Awards recognise the superior outcomes for clients when professional financial planning expertise is provided in line with the FPA Code of Professional Practice and Code of Ethics.

Through the Awards, ‘best practice’ advice is publicly acknowledged for CFP® professionals and Financial Planner AFP® practitioners. In conjunction with Future2, a third award category recognises those FPA members who have made an outstanding contribution to the wider community.

FPA Best Practice Awards are awarded in the following categories:

  • FPA CERTIFIED FINANCIAL PLANNER® Professional Best Practice Award
  • FPA Financial Planner AFP® Best Practice Award
  • Future2 Community Service Best Practice Award

Source: Financial Planning Association of Australia

James Gerrard – Financial Planner Sydney

James Gerrard has been named one of Australia’s top 50 financial advisers by Wealth
Professional. James has been ranked number 23rd in the country according a Wealth Professional analysis recently conducted. 

The award recognises dedication and hard work carried out by the top advisers named in the list. The recent article was published in Wealth Professional magazine (August 2012
edition).