Tailored Investment Advice - Thrive Financial

By providing tailored investment advice, we help people like you feel like you’re the boss, not just of your money, but of how you feel about building wealth.

If you don’t like your relationship with money – why not change it?

At Thrive Financial, we believe that there is no one-size-fits-all approach to investing. Everyone has their own unique financial plan, objectives, and risk tolerance. We focus on understanding your overall financial plan so that we can give you Tailored Investment Advice.

The more informed you are, the better-quality investment decisions you can make. Whether you’re just starting out, or continuing in your investment journey, we’ve got the tools to help set you on the right track.

We’ve created a video series that breaks down education bonds; investment bonds, and short-term investments in property trusts to get you started.

Click on this video link to learn more, and remember – feeling wealthy has less to do with the figure in your bank account and far more to do with how you feel about money.

Thrive Investment Philosophy

Building wealth is a goal that many of us have, but the thought of investing can be overwhelming. The good news is that wealth creation through investment doesn’t have to be daunting. The key to a successful financial investment strategy lies in how well the selected assets meet your needs. A great place to start is asset allocation.

This involves dividing your investments among different asset classes, such as:

Stocks
Bonds
Cash

Cash Asset allocation is important because it helps to manage risk and maximise returns.

We also educate our clients on the importance of diversification, which involves investing in a variety of assets within each asset class. Diversification can help to lower risk and increase returns.

Another concept we teach is how to handle volatility when seeking capital growth.

Volatility refers to the range of potential fluctuation in the price of an asset over time. While volatility can be scary, it can also present opportunities for growth. We teach our clients how to handle volatility and use it to their advantage.

Sound investing is a long-term practice, best partnered with an ongoing relationship from a qualified professional. We thrive on educating you every step of the way. With most things in life, there is no substitute for quality. That’s why we’re constantly applying our rigorous research process to a wide range of investment products. This ensures that every recommendation we put forward is well-considered, and of the highest calibre.

Ultimately, we believe that the best investment you can make is in yourself. But if you would like Tailored Investment Advice, contact a financial advisor today!

Let us help you improve your financial education with tailored investment advice. We’re passionate about helping our clients build, protect, and ultimately enjoy their wealth.

Additionally, with over 20 years of collective experience, we have the knowledge and expertise to help you achieve your financial goals.

The information contained here is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser. Additionally, for any information relating to a product, you should obtain and consider the relevant Product Disclosure Statement (PDS) before making any decision regarding any products or strategies mentioned in this communication. Thrive Financial are corporate authorised representatives of Australian Mortgage and Financial Advisers(AMAFA) AFS licence no 389206

Wealth Preservation Strategies for Successful Business Owners

Wealth Preservation Strategies for Successful Business Owners

Running a successful business often comes with the reward of financial prosperity, but it also introduces complexities in managing and preserving that wealth. For business owners, wealth preservation isn’t just about saving; it’s about safeguarding what you’ve built while planning for growth and legacy. Here, we explore key strategies to help you protect and optimize your wealth.

1. Diversify Beyond Your Business

It’s common for business owners to have a significant portion of their wealth tied to their enterprise. While this shows confidence in your business, it also concentrates risk. Diversifying your investments into other asset classes—like property, shares, or managed funds—spreads risk and creates additional income streams that can buffer against market or industry downturns.

2. Establish a Solid Asset Protection Plan

Protecting personal and business assets from potential liabilities is crucial. Strategies may include:
Setting Up Trusts: Family trusts or discretionary trusts can shield personal wealth from business risks and offer tax advantages.
Structuring Your Business: Consider using company structures that limit personal liability, such as proprietary limited companies.
Insurance: Ensure you have comprehensive insurance coverage, including key person insurance, business interruption insurance, and income protection.

3. Optimize Tax Efficiency

Tax planning is an essential element of wealth preservation. As a business owner, there are several ways to reduce your tax burden:
• Leverage small business tax concessions.
• Contribute to superannuation for long-term, tax-efficient savings.
• Explore tax-effective investment strategies such as negatively geared property or dividend-paying shares. Working with a qualified adviser ensures you’re not leaving any opportunities untapped.

4. Plan for Succession and Legacy

Whether you plan to sell your business, pass it to the next generation, or retain ownership, having a clear succession plan is essential. A succession plan ensures continuity, protects the value of your business, and aligns with your long-term wealth goals. Key steps include:
• Valuing your business accurately.
• Documenting a formal succession plan.
• Communicating intentions with stakeholders.

5. Incorporate Estate Planning

Estate planning isn’t just about writing a will; it’s about ensuring your wealth transitions seamlessly to future generations. Key considerations include:
• Establishing testamentary trusts to protect inherited wealth.
• Planning for tax implications of transferring assets.
• Reviewing and updating beneficiary nominations on superannuation and insurance policies.

6. Work with a Trusted Wealth Adviser

Navigating the complexities of wealth preservation requires expert guidance. A wealth adviser can help you:
• Create a tailored financial strategy.
• Review and adjust your plans as your business grows.
• Monitor your investments and ensure they align with your long-term goals.

7. Build an Emergency Fund

Even the most successful businesses can face unforeseen challenges. Having a robust cash reserve ensures you’re prepared for unexpected costs without dipping into long-term investments. Aim to set aside at least six months of business and personal expenses in a readily accessible account.

8. Stay Informed and Agile

Markets, tax laws, and personal circumstances evolve. Regularly reviewing your financial plan and staying informed ensures you’re well-positioned to adapt. Work closely with professionals who understand the latest developments and can tailor advice to your unique needs.
In Conclusion
As a business owner, you’ve worked hard to achieve financial success. Preserving your wealth requires a proactive and strategic approach that balances growth, protection, and legacy planning. By diversifying investments, optimizing tax efficiency, and working with expert advisers, you can secure your financial future and enjoy the rewards of your efforts for years to come.
For more personalized advice on preserving and growing your wealth, contact us today. We’re here to help you thrive.

General Advice Disclaimer: The information provided in this blog is general in nature and does not take into account your personal financial situation, objectives, or needs. You should consider whether the information is appropriate to your circumstances before acting on it. For tailored advice, please consult a qualified financial adviser.

Thrive Financial

Phone: 1800 431 213

1/21 Empire Crescent Chevallum 4555 QLD

ABN 80 346 511 003

The Trustee for The Yurko Family Trust T/A Thrive Financial Planning | ABN 80 346 511 003
Corporate Authorised Representative 000449875
Beryllium Advisers Pty Ltd | ABN 30 646 510 769 | AFSL 528250

General Advice Warning: The information and advice contained on this webpage and website has been prepared for general information purposes only and does not take into account your personal objectives, financial situation or needs. It is not intended to provide commercial, financial, investment, accounting, tax or legal advice. You should, before you make any decision regarding any information, strategies, or products mentioned on this website, consult a professional financial advisor to consider whether it is suitable and appropriate for you and your personal needs and circumstances. Product Disclosure Statements contain information necessary for you to make a decision whether or not to invest in financial products mentioned on this website. You should also obtain and read this document prior to proceeding with any decision to purchase a financial product. Although every effort has been made to verify the accuracy of the information contained in this document, Thrive Financial, its officers, representatives, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this document or any loss or damage suffered by any person directly or indirectly through relying on this information.

Wealth Preservation Strategies for Successful Business Owners

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