A Wealth of Knowledge
Parker Financial Services is authorised to provide a wide range of advice in the following areas:
- strategic planning;
- wealth accumulation;
- wealth protection, including all personal insurances;
- wealth management;
- debt management;
- investment portfolio construction;
- superannuation [including self managed superannuation funds];
- retirement planning;
- estate planning; and
- social security.
Our ability to provide strategic advice is the cornerstone of our service to our clients. Each decision they make is another building block in their financial future and may have consequences on existing or future returns. Therefore, we strive to be our clients' first point of contact for any financial decision and to work in partnership with our clients in an atmosphere of trust and confidence.
We also recognise that some clients come to us having already built their wealth but still need the services of a good financial adviser to help them manage it. We are able to take over existing portfolios and provide a high level of expertise in all aspects of wealth management.
Self-Managed Superannuation Funds
Where others shy away from the attention to detail that the management of self-managed superannuation funds requires, we have honed our expertise in this area. We are diligent about keeping on top of changes to legislation and ensuring that our clients understand the impact of any such changes.
Direct Shares
We provide advice on what shares to buy and sell and we can facilitate the purchase or sale of shares on behalf of clients. All it takes is a phone call or email and we will do the rest.
Corporate Clients
We also provide guidance for employees of corporate clients in the areas of:
- superannuation
- income protection and personal insurances
- financial planning - we visit corporate clients' offices and provide an on-site service for individual employees.
Business Succession Planning
Why you need a Business Succession Plan
You and your partners have worked hard to build up your business so you will want to make sure it can withstand whatever life throws at it. The most valuable asset your business has is yourself and your business partners.
A Business Succession Plan is more than just having a partnership agreement. It's about having the right assets end up in the right hands at the right time, tax effectively.
Most businesses are not succession ready so it is important that owners plan for business succession properly.
When a business partner dies, it can be a shock for them to find they are suddenly in business with their partner's spouse, brother or sister, bank, or their partner's trustee in bankruptcy. Furthermore, if proper succession arrangements are not in place, the worth of your business asset could be reduced or wholly eroded through a forced sale and family dispute. Alternatively, it could be locked up in the business at the whim of a partner unable or unwilling to purchase the share for fair value.
What you need to do
To properly plan for these events you should:
- have a shareholders or partners deed that explains how business partners come and go;
- have a buy/sell insurance arrangement to fund exits at agreed values;
- insure your revenue if you happen to lose Key People that have key skills or are key revenue generators;
- pay out business debt to release any loan guarantees or personal security you or your associates may have given;
- ensure your Wills and Powers of Attorney are properly drafted to allow for succession of ownership and control; and
- ensure your estate planning takes into account any potential for family disputes or contest for control of the estate business.
The benefit of tidying up these matters now is an investment in avoiding potentially costly disputes in the future.
How we can help you
We offer an obligation-free meeting which provides an overview of our service and an initial assessment of your Business Succession Planning needs.
Family Law Strategy Papers
When dealing with financial settlements in family law matters, it is important to ensure that all the assets and liabilities of both parties are distributed fairly in any settlement. Zoë Phillips has developed family law strategy papers which have been used to great effect, complementing the services and advice provided by family law practitioners and accountants.
The strategy papers are designed to help clients make informed decisions when it comes to the financial terms and conditions of their divorce settlement.
As a financial planner with almost 20 years' experience, Zoë has found the use of strategy papers and resultant success with helping clients through the stresses of divorce, some of the most rewarding work of her career.
Zoë is always happy to share her experiences with clients and family law practitioners and would welcome your enquiries.