Mission Financial

08/11/2023

This is important to watch. Scammers are right on top of their game… we need to be also. Protect yourself, and your family with good awareness and caution.

26/12/2021

This is a worthy read as we all start to ponder our New Year resolutions.

Depending on circumstances, it may be time to rethink your bias towards paying down housing debt over wealth accumulation in superannuation.

27/08/2020

Attention Scenic Rim RATE PAYERS
Good time to check your 2020/21 Half Yearly Rates Notice. Check the due date... mine says 28/08/2020 in order to receive the 5% discount.

Your Financial Future starts with Mission Financial. Ready to make big things happen? We offer Financial Planning and Finance Broking - BOOK AN APPOINTMENT

17/06/2020

During these times you should seek out the facts so you know all your options before making decisions may have a long-lasting impact of your financial wellbeing.

Call Andrew Steindl on 0428 577 010
Visit MissionFinancial.com.au

12/06/2020

Some useful commentary regarding tax returns for the Financial Year ending 30/06/2020.

The coronavirus crisis has changed everyday life for most Australians in recent months – and it’s about to change tax time too.

24/04/2020

The cost of Financial Advice... interesting and debatable!

Without knowing the full details of their situation and what their goals are and any resulting complexities it is hard to determine. With some assumptions I would expect fees charged by Mission Financial to be considerably lower than those quoted in the article.

Different advisers will charge different fees. Much will depend upon their rationale of which some reasons for charging a premium fee may be warranted and some may simply be greed. I do understand many of my city counterparts do charge fees far greater than Mission Financial. Some would even be greater than the example provided. It generally comes down to the client’s priorities and what services and expectations they seek.

The article’s response is very simplistic and I would consider to be incorrect. As far as putting together a comprehensive Statement of Advice in a couple of hours and it should only be a few pages of text is a complete misunderstanding of current legal requirements which an adviser must undertake to ensure they are in fact looking after the best interests of the client. There are hours of research involved to consider various strategic options and what impact they will have on the client’s short and longer term goals. Even doing nothing is considered just in case it proves to be in the best interest of the client to not change anything.

Unfortunately, given the amount of regulation a Statement of Advice is generally forced to be a bulky document. This is not at the preference of the adviser that is for sure. To produce this document the adviser either pays good money to have it done by staff or contractor, or spends hours completing it themselves. Either way the cost adds up as do the ever increasing overheads.

For a client such as the one in the article there are numerous strategic options that could be made to help them meet their goals. With advice, significant tax savings may be achievable, strategy put in place to provide protective measures which many clients of financial advisers are benefiting from during the current environment, potential Centrelink benefits often thought unobtainable and the benefit of removing emotional transactions which is particularly important during a time like this. It's also worth pointing out there are likely significant additional benefits if they sought advice years earlier.

I know that Mission Financial will review a prospective client’s position against goals and objectives and determine if suitable advice which is in the client’s best interest can be provided. That analysis includes the cost of advice so that it would be reasonable to expect a client is in a better financial position by accepting and implementing the advice.

If you feel the advice you are paying for or considering to pay for is too high, please contact me for an obligation free chat.

Regards,
Andrew Steindl
0428 577 010

It's not often our experts' recommendations including buying some very fancy wine.

30/03/2020

Nice to see a positive report...

The Australian share market rebounds with its biggest one-day surge in decades, despite analysts warning a vortex of bad earnings, bad economic data, and bankruptcies is just around the corner.

23/03/2020

I’ve known Murray for a long time now and he’s got a great operation going on. It’s great to hear some positivity for Aussie businesses. There’s also plenty available from the Government and banks for small businesses to continue through these crazy times.

16/01/2020

Plenty of lending options out in the market and Macquarie is one which I often use for my clients.

Send me a message if you want to know what’s involved with getting a new loan or refinancing your existing loan. We can look at Macquarie and many more!

01/10/2019

Superannuation & Life Insurance...they mix well for some but for others the result can be a drain on your retirement savings. Best option is to review your Super Statements when they come in or ask a Financial Adviser to review with you. Best practice is to review both super and insurances at least once per year.

This self-employed labourer thought he'd make some cash. Then he learned his income had been insured for an $80,000 salary.

21/09/2019

Let's get behind this great little community and spend a few $$$ in some of their local shops.

19/09/2019

A relevant article for small business operators to get employee super contributions in order.

See Mission Financial - Beaudesert Mortgage Broker for cashflow solutions.

The Tax Office says it's already wading through super data.