Financial Planning

Financial Planning

A comprehensive financial plan can benefit people at all income levels, however most people don’t have one. A 2012 study conducted by the Certified Financial Planner Board of Standards found only 31% of people had detailed financial plans, even though it is a proven strategy to increase income and assets.

 

dnm group includes chartered accountants, business advisers, and legal and investment partners. As chartered accountants in Australia, we comply with the Code of Ethics for Professional Accountants and we’re highly-experienced and extensively trained.

 

We focus on generating and protecting wealth, providing proactive financial advice, managing risk, and creating positive, long-term working relationships. We can help you achieve your financial and succession goals. Contact us for a free consultation and take control of your financial future.

When should you begin financial planning?

The sooner you start to plan your future, the better. Many young high income earners start in their 20s, but you will benefit from financial planning at any age. You can increase financial success by making smart financial decisions and avoiding poor ones which increase risk.

What does a financial plan involve?

A comprehensive financial plan addresses savings, investments, insurance, retirement funds, your estate and business succession, and any personal or business financial goals. You may want to pay off debt, save for your child’s education, plan for retirement, or provide for heirs when you can no longer do so.

What are the benefits?

Your plan defines what you want from your personal and business finances and how you will achieve your goals. dnm group will help you create attainable goals based on your age, current holdings, and expectations.

 

Financial Improvements

A good financial plan analyses your cash flow, expenses, and debt. dnm group can pinpoints areas which need improvement and offer suggestions such as refinancing options to reduce debt load, lower expenses, or increase income.

 

Measures Progress

A well-crafted financial plan also establishes measurable goals. Regular reviews of your financial progress shows whether you’ve accomplished what you set out to do. If you do not reach a goal, your dnm group adviser suggest alternatives for increased success.

 

Maximises Opportunities

No matter where you are on your financial journey, financial planning can improve your chances of increasing your net worth and income.

dnm group’s tax and financial experts, and our Australian investment partners, can find new ways to maximize your money. We can spot missed opportunities and target tax initiatives to save you money, such as boosting your super balance with tax-effective strategies.

 

Analyses Risk

Long-term financial planning includes preparing for unexpected or inevitable risks. A time may come when you are unable to support yourself or your family, but good financial planning can protect your assets, comfort your heirs, and ensure business continuity.

dnm group’s legal partners can prepare your will, trust, or estate for a smooth transition of your personal and business concerns when you can no longer handle your affairs.

 

Improves Decision-Making

Financial planning through dnm group provides you with the information you need to make confident, sound financial decisions. You control your money wisely, achieve goals quicker, and improve your financial habits.

 

Builds Wealth

Undoubtedly, one of the primary advantages of financial planning is building wealth. Trimming away expenses, reducing debt, and minimising tax all lead to greater personal and business financial freedom. Money saved through wise financial decisions goes towards investments to increase your net worth and secure your future.

Find out more