Find Out More About Our Services
Financial Advice and Planning
Financial advice can help you make better decisions about your financial future at any stage in your life. You work hard, so why not make sure your money is working just as hard for you.
Bay Wealth & Protection offer customised financial advice and solutions to a range of clients from all walks of life. No matter what goals or plans clients have, we help to make them real while also remaining realistic.
Many clients are successful in their own right. With busy professional and personal lives they recognise the value of working with a qualified adviser who can simplify their financial affairs. The value of good financial advice isn’t exclusive to ‘the wealthy’ however. All clients have the potential to build financial independence. An adviser could help you reach that potential and put thought into action, especially if you tend to put things off.
The right financial advice can make a real difference and help you:
define and achieve your financial goals;
make the most of your money;
receive any government assistance you are entitled to;
avoid expensive mistakes;
protect your income and your assets;
feel more in control of your finances and your life.
Your adviser can help you make the right decisions about your finances by understanding your financial situation and helping you develop a financial plan to meet your short and long-term goals.
“Planning helps make a life out of a living.”
Superannuation
It's never too soon to start planning for a financially independent future. The sooner you start, the sooner you can build the wealth you need to secure that future.
Besides the family home, superannuation is likely to be your greatest asset. The Age Pension offers a safety-net to a certain degree, but generally is not enough to fund a comfortable life in retirement. Many people overlook the importance of superannuation and the role it plays in growing your retirement nest egg.
The rules governing your superannuation are constantly changing, which creates both opportunities and risks. We not only advise on appropriate investment options, but also consider different contribution strategies, the transition to retirement and pension phase, as well as funding insurance premiums and more.
We understand the complexities of the superannuation environment and can help you take advantage of any superannuation strategy that’s appropriate for you.
“When we retire it won’t matter how much we earned, but how much we saved.”
Retirement Planning
Retirement isn’t guaranteed. The key is to plan for it, save and invest carefully before reaching your retirement years. We can help with a tailored strategies to keep you on the right track to live well in retirement.
Even just thinking about finding more money to save up for life after retirement seems an impossibility and surely one that can wait? However, now is the exact time to make a start growing and accumulating your wealth, so you can enjoy the benefits of forward-planning when you're ready to kick back and relax.
Retirement should be exciting, yet the transition can be challenging. You should definitely consider how you will spend your time and how to make your money last as long as you do, so you can live the life you've worked hard for.
“The heaviest load to carry into old age is an empty wallet.”
Investment Planning
Despite the often-volatile nature of investment markets, investing remains one of the most effective ways to grow your wealth.
Investing is a central feature of any wealth creation strategy, providing an opportunity to grow your wealth beyond what’s possible through term deposits or fixed interest.
Outside of superannuation there are many other structures which can be used to invest your money. Your personal circumstances will determine the structure that is most suitable for you.
For any investment strategy you must have an understanding of investing principles, how markets work, and your tolerance towards risk or investment profiles. Educating and coaching clients is a big part of the adviser role and we will always endeavour to do so in an effective and beneficial way.
“Always pay yourself first; put saving on top of the monthly bills not the bottom.”
Insurance Protection
Protecting you and your family’s way of living is as important as any wealth accumulation strategy.
The Aussie “It won’t happen to me,” or “She’ll be right mate!” mentality, whilst admirable, is also concerning. It’s human nature to underestimate the likelihood of events such as death, disablement and trauma. The consequences could be detrimental to you and your dependents, not just physically and emotionally but financially too.
The fact most Australians are taking on more debt than ever before is another reason it is so important to insure your life and your income. We would suggest your biggest asset actually is your ability to earn an income, and should be insured.
Having the right cover can help protect your assets, income and those you care for, and implementing an effective insurance strategy is the cornerstone of a sound financial plan.
