Services

Aged care involves finding the appropriate support for older people either in their own home or in an aged care facility, such as a nursing home or retirement village.

Helping a loved one move into Aged Care can be a complex and stressful process. There are big decisions to make and sometimes conversations are difficult to approach. Our Financial Advisers at Beresfords focus on the financial concerns that are relevant to you and assist you to make the appropriate financial decisions along the way.

This way, your family members are properly cared for and this all fits into your financial plans.

The Australian Government offers a range of Centrelink benefits for individuals, couples and families that meet particular requirements.

However, the rules and assessments around these benefits constantly change.

At Beresfords, our Financial Advisers can help you understand what Centrelink benefits may apply to your circumstances, and then provide advice and strategies to receive the Centrelink assistance that you’re entitled to. You can have complete peace of mind knowing that we keep up to date with the latest government entitlements and assessment criteria to get you the best outcome.

Cashflow Management is the process of tracking how much money is coming in and how much is going out over a particular time frame.

Getting your cash flow balance right is essential for creating wealth as it allows you to monitor spending, budget for savings and make loan repayments, all while ensuring you can live the lifestyle you want.

The challenge is that most people don’t know how to best optimise their budgets and weekly cashflow. This can lead to living from week to week as well as struggling to save or make any progress towards their financial goals.

Our Advisers at Beresfords can help you take control of your money by bringing structure, accountability and clarity into what you spend. This can effectively reduce debt, increase savings, and give you both the flexibility and capacity to work towards financial freedom.

Estate Planning, which includes Wills, Power of Attorney and Power of Guardianship, is an integral part of the overall financial planning process.

However, it’s often overlooked or even neglected. While people often think of a Will as something that isn’t needed until much later in life, correctly planning your estate today is one of the most important things you can do for your family, as it can save a lot of stress and problems down the track

Estate Planning is the process of putting legally recognised plans in place to distribute assets to the right people at the right time according to your wishes, should you pass away or become unable to make decisions.

Having an officially documented estate plan in place can ensure that your assets pass to your loved ones in the most tax-efficient and beneficial way possible. Estate Planning goes beyond just the transfer of wealth upon your death – it also ensures that your loved ones have access to your wealth when you’re unable to manage your finances due to health issues or mental incapacity. It also includes letting them know what your wishes are from a medical and personal perspective. At Beresfords, our Advisers can help you create an estate plan that suits your needs, and then work with our legal team who will draw up the document and execute your Will to support your wishes.

With seemingly endless choices of loan options and lenders available, it’s unfortunately common to end up with the wrong loan structure in place.

Having a clearly defined debt solution and structure should come before you even contemplate what product is right for you.

When it comes to borrowing and debt, our team at Beresfords can review both your current and potential financing options to ensure that everything is optimised for your requirements. To do this, we conduct an affordability analysis, set a long-term gearing strategy and create a debt repayment plan for you.

Getting the right mix of gearing is an important pillar of your financial plan, as over-gearing and under-gearing are equally detrimental to your overall financial success. It’s also important that your debt structure is aligned with your overall financial goals, to get the best outcome.

When it comes to lending and debt, Beresfords can work with any financial institution to assist with the following:

• Financing a home or investment property
• Refinancing
• SMSF lending
• Motor vehicle financing
• Asset financing
• Commercial Lending

Unfortunately, things don’t always go to plan.

But what you can plan for is preparing for events that we all hope won’t happen, such as accidents, losses in income, unexpected situations and even death. Whatever may occur, you want to know that your family, your assets and your income streams are sufficiently protected.

At Beresfords, we assess your situation and risks, and then advise you on the best insurance options you need to adequately protect your interests. This includes Life Insurance, Total and Permanent Disability Insurance, Trauma Insurance, or Income Protection Insurance.

Our insurance advice also includes guidance around the correct level of insurance cover, insurance structure, the most tax-effective approach, and how to incorporate insurance into your overall financial strategy. This way, you are fully supported to make decisions around protecting your family’s needs, your business needs and personal requirements, all through the right insurance plan.

Property is one of the most popular investment options in Australia because real estate offers a great way to build your wealth.

At Beresfords, we approach property investment according to two distinct purposes: your dream home, where your heart and family lives, and an investment property that provides a second income to contribute towards securing your future.

Despite the popularity of property investment, the whole real estate process can be quite complicated and stressful. To make the right property investment decisions, you have to allocate the right combination of equity and debt, know which entity to purchase the property in, calculate the cash flow of the property and understand the benefits and risks. Our role is to make this all painless and streamlined.

If property is a viable investment strategy for you, our property specialists from Property Advisory Partners are here to help you with all of your property needs. This way, your real estate portfolio can work for you today and for years to come.

Investing in a portfolio of assets can be an effective way to grow your wealth over time.

However, it relies on selecting the right mix of investment types, underpinned by a practical strategy that is in line with your personal goals.

The first step in creating a sound and relevant Investment Portfolio is selecting the right asset allocation, taking into account your cash liquidity, risk profile and time frame. At Beresfords, we believe that there is never a ‘one size fits all’ investment approach, because everyone is different.

To support your investment strategy and manage your asset portfolio, we review your objectives, conduct market research and then provide expert investment advice to help you make well-informed investment decisions. This includes taking into account your risk tolerance, tax efficiencies, practicalities, asset class diversification and fee minimisation.

Bringing all of these elements together allows us to provide you with the best opportunity to get the most from investment returns. At Beresfords, our investment advice and portfolio management services include:

• Cash
• Fixed Income
• Domestic and International Shares
• Managed Funds
• Real Estate property

Your superannuation is an important part of creating wealth in preparation for your retirement.

The better you plan today, the more you’ll have to support your lifestyle in the future. However, there are so many rules surrounding superannuation, and that’s what makes it complex when trying to make the right decisions.

Our Financial Advisers understand all the continually changing superannuation rules and apply their expertise to create an efficient tax strategy to build and retain your wealth. This includes optimising your superannuation contributions and applying superannuation rules to maximise your benefits.

Our goal is to make superannuation simple for you, so you can have confidence and peace of mind about your financial future.

Self-Managed Superannuation

As an alternative to simply contributing to an industry superfund account, you can look at a Self-Managed Superfund (SMSF). An SMSF gives you full control over your own superfund, which includes the tax and legal responsibilities. While this does offer many advantages, you need the right management to make it work best for you.

Our Beresford Financial Advisers are SMSF specialists who can review your circumstances to see if an SMSF is the right strategic decision for you. We offer a complete, end-to-end solution, which includes helping you implement and set up your SMSF, as well as ongoing SMSF management, so you achieve the best outcomes and enjoy the life you’ve earned.

How you define retirement is personal to you.

Whether retirement is at your doorstep or 20 to 30 years away, creating a retirement plan now will set you up to be in the best position during those golden years. The sooner you plan, the greater your ability to reach your desired retirement goals.

At Beresfords, our role to help you plan ahead is to ensure you can retire with the lifestyle you want, when you want. We take the time to understand your goals and then apply forward-thinking projections to assess your current trajectory, as well as determine what actions need to be taken to meet them in the timeframe you’re looking for.

Once you have your retirement plan, we can then consistently review it over time to ensure the strategies and investments are on the right track. You can rest assured that our Financial Advisers will keep you updated and adjust your retirement strategy throughout your journey based on taxation, regulations and Centrelink changes.