Frequently Asked Questions

As experienced financial planners in Maroochydore, we know many of the common questions that people have. Usually they are good questions that should ask a financial planner before working with them. We have answered many of them here in our Frequently Asked Questions section. If your question does not appear in our FAQs, please send us a message and we’ll get back to you as soon as we can.

Please note that the law requires that we must “know our client” before answering your question and providing personal advice. This means we have to know and understand your complete and full financial situation. Therefore, if you require personal advice, please contact an Ethica Private Wealth Specialists adviser today. Any content on our website is given in a general nature, and should not be considered personal financial advice.

Financial planning is the process of developing financial strategies to suit your goals.  They can help you to manage your financial situation in a way so you can protect and build wealth, enjoy life and achieve financial security. Some aspects include wealth creation, strategic investment planning, retirement plans and more.

Good advice from an experienced, well-informed financial planner can help people save money, protect against risk, manage debts, grow assets, minimise tax liabilities, plan for retirement, identify entitlements for government benefits, plan for aged care costs, and plan what inheritance is to be left to the next generation.

Regular saving is the easiest way to reach your financial goals. By investing a small amount each month, you’ll be well on your way to developing substantial savings, and it introduces you to the world of investing. A regular saving plan over the long-term will spread your investments, and will help smooth out the market’s ups and downs and reduce the risk of investing in volatile markets.

Today! The sooner you start a regular savings plan, the more wealth you will accumulate over time. It is essentially up to you to decide the best time to start. Remember – it’s never too late!

You need to take into consideration your goals, priorities, lifestyle, needs, concerns and your future when starting investing. Make an appointment to see an Ethica financial adviser. We can help you make informed decisions and give your financial journey a strong and rewarding direction.

It is our aim to be your financial partner through life. Our range of services gives you the benefit of having one contact point for all of your financial needs.

Our advisers offer advice on a number of areas, including:
Financial planning strategies
Shares / stocks / securities
Personal Insurance
Aged care
Lending & Finance
Self Managed Super Funds
Superannuation / rollovers
Wealth accumulation
Estate planning
Investment Advice

Your adviser will:
Discuss your needs, priorities, goals and concerns;
Give you a written recommendation / Statement of Advice of their professional advice;
Carefully explain their recommendations and all associated costs;
Design a review process that meets your needs;
and manage your investments

Managed funds pool the money of individual investors who share common investment goals. Professional fund managers use the pool of money to buy securities (such as shares, property, fixed interest and cash) that are consistent with the fund manager’s financial objective.

When you invest in a managed fund, you purchase units in that fund. Since the money is pooled with that of numerous investors, you’re able to invest in more investments than you could buy on your own.

Investing in a share buys you partial ownership of a company. Your share of ownership is also called your equity in that company.

As a shareholder you can make money by sharing in the company’s profits (usually paid in the form of a cash dividend), or by selling the share for more than you paid for it (capital gain).

These managed funds invest in a large group of Government, semi-Government and / or corporate bonds. More conservative than share funds, they seek current income in the form of regular distributions.

Bonds carry less risk (and often lower returns) than shares. Bonds issued by corporations tend to be riskier – and therefore higher yielding than those issued by Governments, simply because of the quality of the promise to repay the loan.

Yes. Legally your adviser must disclose the advice fees charged, whether they are upfront or ongoing fees. This will be dicussed in your initial meeting.

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Would you like to speak with a financial advisor on The Sunshine Coast about wealth creation, retirement / estate planning advice, superannuation planning or other specific plans? Then simply click below to book your FREE Financial Assessment Session. We can discuss your situation and goals, then talk about ideas to best achieve what you want to happen.

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