Welcome to Financial Planning Month 2024
At Strategem, we believe that financial planning is not just a week-long activity—it’s an ongoing commitment to securing your financial future.
That’s why this year, we’re excited to extend Financial Planning Week into an entire month of education, insights, and personalised strategies designed to help you take control of your wealth.
Throughout Financial Planning Month, we’ll be sharing expert advice, tips, and tools that will guide you through the process of building, managing, and protecting your wealth. Whether you’re just starting on your financial journey or reviewing your long-term strategies, Strategem is here to support you every step of the way.
What is Financial Planning?
Financial planning is a comprehensive process that helps you manage your finances, grow your wealth, and achieve your life goals. It’s more than just budgeting or investing—it’s about creating a roadmap that aligns with your personal and financial aspirations. At Strategem, we specialise in offering a range of wealth management services that cover every aspect of your financial journey.
✓ Retirement Planning
Ensuring you have enough saved and invested to live comfortably in retirement.
✓ Wealth Creation
Strategies to grow your wealth through sound investments and smart financial decisions.
✓ Risk Insurance
Protect your financial future with tailored life, trauma, and income protection insurance.
✓ Aged Care Planning
Get expert guidance on navigating aged care options for you or your loved ones.
✓ Superannuation & SMSF
Maximise your superannuation and consider the benefits of a self-managed super fund (SMSF).
✓ Investment Advice
Build a diversified investment portfolio that aligns with your goals and risk tolerance.
At Strategem, our wealth management experts offer personalised advice tailored to your unique circumstances. Our goal is to provide you with the tools and insights you need to achieve financial independence and security.
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INDUSTRY INSIGHTS
The Growing Concern of Intergenerational Wealth Transfer
A key concern in today’s financial landscape is the growing complexity of intergenerational wealth transfer. With Baby Boomers set to pass down over $3.5 trillion in wealth over the coming decades, families face new challenges in ensuring this wealth is protected and managed effectively across generations.
At Strategem, we understand that intergenerational wealth is about more than just transferring assets—it’s about preserving family legacies, educating the next generation, and planning for long-term financial security. Without a clear plan, families risk losing wealth to taxes, poor financial management, or unprepared heirs.
That’s why our approach focuses on:
Creating a smooth wealth transfer plan that minimises taxes and legal fees.
Involving the next generation in financial planning to ensure they are prepared to manage their inheritance.
Preserving your family’s legacy, values, and long-term financial security.
Whether you’re passing down property, investments, or a business, Strategem provides the guidance you need to ensure your family’s wealth is secure for generations to come.
LEARN MORE ABOUT INTERGENERATIONAL WEALTH
Parents with their young family, embracing the moment and feeling secure with their lifestyle made possible by their own parents.
Grandmother smiling about how hopeful she is for her grandchild's future knowing that her children are financially stable, and her grandchild will benefit from her legacy.
ACTIVITY
Conduct Your Own Financial Planning Audit
Financial planning isn’t just for high-net-worth individuals—it’s essential for everyone. To help you assess where you stand, we’ve created a Financial Planning Audit Checklist that you can use to review your current financial strategy, whether it’s managed by a professional or not.
Self Financial Planning Audit Checklist:
Income & Expenses: Do you have a clear understanding of your monthly income and expenses?
Emergency Fund: Do you have at least 3-6 months of living expenses saved in an emergency fund?
Debt Management: Are you managing your debts effectively, including mortgages, credit cards, and loans?
Savings & Investments: Are you regularly contributing to savings and investments? Are these aligned with your long-term goals?
Retirement Planning: Have you calculated how much you need to retire comfortably? Are your super contributions on track?
Insurance Coverage: Do you have adequate life, trauma, or income protection insurance to safeguard your financial future?
Estate Planning: Do you have an up-to-date will and an estate plan that reflects your wishes?
Wealth Transfer: Have you discussed your plans for intergenerational wealth transfer with your family?
Professional Advice: Are you working with a financial advisor who understands your goals and can provide personalised strategies?
If you answered "no" to any of these, now is the time to review your financial strategy. Contact our team to help you fill the gaps and ensure your finances are in top shape.
Client Success Stories from Our Advisors
Our advisors have helped many clients successfully navigate the complexities of financial planning, from retirement transitions to intergenerational wealth strategies. Here are just a few of our recent success stories:
Retirement Planning Success
"I had a client who was finding it difficult to maintain a full-time work schedule but wasn’t sure how to manage her transition into full retirement. We built a strategy to gradually reduce her work hours and finally transition into retirement while maintaining financial security and supporting her lifestyle."
Aged Care Planning for Elderly Parents
"I worked with the children of an elderly couple whose health was rapidly declining. We developed a plan to help them transition into aged care while maximising Centrelink entitlements and ensuring they had adequate income to support their ongoing expenses."
Estate Planning for Peace of Mind
"A client had specific instructions on how they wanted to structure their affairs once they passed away. We worked closely with their lawyer to ensure their wishes were honoured, providing them peace of mind about their legacy."
Tax Minimisation Through Smart Financial Decisions
"We helped a client navigate a complex tax situation, ultimately saving them over $100,000 by restructuring their investments and making strategic decisions."
Take Control of Your Financial Future
At Strategem, we’re passionate about helping you take control of your financial future. This Financial Planning Month, take the opportunity to review your financial strategy, address any gaps, and set a clear path towards achieving your goals.
