Story sponsored by MBA Wealth Solutions.
While the COVID-19 pandemic has been a negative for many businesses and individuals, one local financial advising business, MBA Wealth Solutions, is striving to deliver positive solutions.
"With everything we do, it's most important to plan ahead. This is especially the case when it comes to your personal finances. You need to make sure your money is working for you".
This is the mantra of local financial advisers MBA Wealth Solutions. They have a dedicated team working together to reach the best possible outcomes for their clients.
Every year, they help people of all ages and socioeconomic backgrounds to attain their financial and lifestyle goals.
One common misconception people have about money, financial adviser Andrew Travis says, is that the ultimate goal is to amass more of it.
In reality, he says, what you really want to do is make sure you are set up in such a way it allows you to achieve your lifestyle goals. That means thinking about risk management and ensuring your investments are properly structured.
"Our tax and superannuation systems are very complicated and to navigate through them and get the best possible results, you need to get the right advice," Mr Travis explained.
"You don't know what you don't know. That's why when we sit down with people, our focus is on putting them in a better financial position," he continued.
"Having four highly qualified and experienced advisers allows us to bounce ideas off one another and achieve the best outcomes for our clients, be it maximising their aged pension, improving the structure of their investments and assets, or even just reviewing their investments and making sure they're right for them."
Mr Travis works alongside fellow advisors Greg Meale, Ron McCumstie and Dustin Bartholomew, who are backed by a support team of five. All four advisors have their own niche fields of knowledge, which allows them to work collectively for the good of their clients.
MBA Wealth Solutions is a growing business. They recently moved to a bigger office on Russell Street to accommodate the ongoing growth and increased demand the business is experiencing. However, they are by no means 'exclusive'.
Everybody needs advice, Mr Travis explained, and MBA Wealth Solutions is committed to ensuring all local people have access to it.
That's why they help not only business owners and retirees, but also young families and professionals with everything from insurance to retirement and estate planning, navigating the Centrelink system, income protection, establishing an investment portfolio, managing investments and income, and even financial planning for people with disabilities.
"The most common reason a person goes to see a financial adviser is because a particular event has triggered them to realise they need some advice," Mr Travis said.
"So, that could be looking at retirement, receiving a redundancy or changing jobs, life insurance cover, or even purchasing a house. This will trigger them to ask questions they don't know the answers to," he continued.
"Another reason people often come and see us is because they already have investments or insurance cover and just want to know they're doing the right thing, so they'll come to us for a financial 'health check', if you will, to ensure their current strategy is working.
"This allows us to review it thoroughly and either affirm what they're doing, or help them come up with a better strategy."
If you need financial advice or for more information contact MBA Wealth Solutions on (02) 6331 1192 or visit their website: https://www.mbawealthsolutions.com.au/
Alternatively, drop into their new office, located at 195 Russell Street, Bathurst. They are open 9am to 5pm, Monday through Friday, and by appointment on Saturday.
Story sponsored by MBA Wealth Solutions.
Australian Financial Services Licencee Number: 240689.
GENERAL ADVICE DISCLAIMER: The information provided in this article does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon or treated as a substitute for specific professional advice before making any decisions in relation to your particular requirements or circumstances.