Family SMSF & Estate Planning

Family SMSF. Family Trust. Wills & Enduring Power of Attorney. Testamentary Trust. Family SMSF Proceeds Trust.

A Family SMSF is a special type of SMSF that enables families to transfer, contribute, protect, build, distribute and share their family and superannuation wealth – for generations to come. Lying alongside a Family SMSF Proceeds Trust and Testamentary Trusts for estate planning purposes as well as a Family Trust for a small business, they are all an integral part of the Family financial plan to manage and protect your financial future.

If it’s important to you, then it is just as important to us. Recent research of more than 10,000 SMSF members has revealed two overwhelming and important statistics:

 

1. 99% of SMSF members believe that their family is one of the most important things in their life right now; and,
2. When they pass away, more than 95% want their superannuation as well as other assets to pass to their bloodline only. We are passionate about building and developing strategies for Family SMSFs and can help you with all aspects of estate planning. If you have an SMSF at least you are better off than being in a retail or industry super fund for estate planning. Arm yourself with strategies and ideas for getting your SMSF up to the level of a Family SMSF.
The Family SMSF provides for your family like no other structure out there, build your assets, protect your assets and keep the assets in the family.
We always get asked how is a family SMSF different from most SMSFs. There are seven BIG differences, which to us, when properly used, are game changers. See below…

Other SMSFs have no plan on what will happen to their fund when the last member dies or becomes mentally incapacitated. A family legacy is potentially lost;

…irrespective of their age or when the member becomes sick, when the member becomes disabled, when the member wants to retire and when the member wants to work post age 60, but wants to supplement their wages and profits with super income. A Family SMSF can also provide income to a member’s spouse, children and grandchildren when the Family SMSF members die. Most SMSFs don’t have a plan to cater for all of these events and many don’t even have rules or allow the Trustee to provide these basic, family financial strategies;

…enabling family business owners to buy offices, factories, farms for use in their business while paying tax deductible, market value rent into their low taxed Family SMSF. SMSFs aren’t used by most accountants and advisors when considering Family wealth creation, tax planning and growth;

…under the four-member limit which is soon to expand to six members plus for many, restricted to bloodline members only. Each member has a say in controlling the fund but at the end of the day, the members can choose to allow those members with most monies to have the most votes. And with different generations in the Family SMSF, it is ideal to allow members to choose their own investments such as cash and top 50 shares for Mum and Dad taking a pension and an investment property for their son while the daughter uses her super to invest in her employer’s company and start-up investments, that is, each investment separate and quarantined from the other. How it plays out depends on the Family as each family is different;

An SMSF Will is like a normal will, a set of directions to the surviving Trustees of the Family SMSF dealing with a member’s superannuation benefits on their death. This may include providing incomes or lump sums, assets such as farms or property or any other distribution allowed under the super laws, flexible and secure as it uses Federal law, not State-based laws. But it goes further and can ensure the appointment of an Executor as Trustee of the Fund on the member’s death and that the Executor is the only Trustee that can deal with a deceased member’s benefits. Most SMSF’s have only a binding death benefit nomination which allows a percentage distribution of benefits only and as we have seen in many legal cases is not valid because the Trustee and their advisers botched the process, resulting in the member’s requests being denied, monies not paid to the estate and a whole lot worse;

We talked about sickness. If one of the younger adult members of the Fund is sick and off work, the Fund can pay them a salary, equal to their current salary for as long as they are off work. Most SMSFs don’t even think about the health and welfare of their members, it’s all about money, not family;

…and dementia is creeping into many families. Most SMSFs have no plan of action for mentally incapacitated members and in many cases, leaves them as Trustee of the Fund well beyond the time they should be removed, resulting in failed Trustee actions. Plus, there is always the problem that the next generation may take the money and run or spend it not as mum or dad with dementia would want it given that they are not in a position to care. A Family SMSF builds in SMSF Living Wills for its members where they can provide in a legal document a set of directions on what is to happen if they become mentally incapacitated. Directions such as who is to look after them, how much the career is to be paid, where they are to live and when to move into a home plus the style of home, how their funds are to be invested and much more. It is comprehensive, safe and secure and backed by Federal law.

Testimonial

“I have known Joe since 1997 and in that time, I have built my Super up to the point that I can retire very comfortably if I choose to. As a long-term advisor to myself, my Business’s and Superfund Joe has been there to help me make the right decisions to grow and protect my retirement nest egg.”

Tom

Tax & Accounting

Financial Statements Preparation, Tax Return Preparation & Lodgement, Tax Planning, Bookkeeping, ASIC Corporate Compliance.
You probably work 45 plus hours a week to provide for you and your family. Making sure you are making the right decisions with your hard-earned money should be one of your highest priorities.
B&M Financial can assist you to keep track of all financial transactions and movements, while also allowing you to monitor the performance of your business and investments, to see whether you are achieving your goals and objectives. Helping you manage your taxation, so that you do not pay more tax than you need to is one of our primary objectives.

B&M Financial can help you keep track of your business and assets and their performance, to make sure that all details are accurately recorded on a timely basis. Our team of accounting staff are highly qualified and up to date with current legislation and practices. Using the latest technology and software they will ensure, that your accounting records are efficiently and effectively prepared, to allow you to understand and gauge your investments and their achievements throughout the year.

The reality is that 90% of the population don’t regularly look at what they spend their hard earned money on. Some have never looked at it!

We are big believers that you should run a personal income & expenses and assets & liabilities on your household. That way you can see whether you are saving or living beyond your means. When we show people how to do this they are shocked on where their money goes and they quickly realise things need to change.

If you need a hand, let our team know and we can help set it up and get it started, we will then check in from time to time and review annually to make sure you are on track to achieve your goals and objectives.

"Joe has been instrumental in the growth and structure of our existing Child Care Centers, he has been with us every step of the way from bookkeeping, tax planning and general compliance will all the government departments. The next phase of our wealth accumulation has seen Joe structure our superfunds, so we can own our commercial Child Care premises which means we will be paying rent to our superfunds to own the premises in the long term."

PHIL

Financial Statements – Personal & Business

B&M Financials’ qualified accounting staff are experienced in a range of taxation matters, to allow you to comply with the requirements of the ATO but not paying more tax than you need to.

We can assist you with the preparation of income tax returns (for companies, trusts, self-managed superannuation funds, partnerships and individuals) business activity statements and compilation of financial and other information required to comply with requirements of the ATO, lodging directly on your behalf, accurately and on-time to avoid penalties and fines.

"I was lost in relation to my tax situation when I met Joe through my business partner. My previous accountant just didn’t explain it to me so I could understand it. For the first time in my life I feel like I’m in control of my business and my tax and I can just concentrate on what I love doing. If I have a question I just ask and get a response immediately that I can understand. Its EPIC!"

ELKE

Tax Return – Personal & Business

B&M Financial can help you manage your taxation issues, to ensure you both comply with tax legislation as well as capitalise on taxation benefits available to you. Taxation is a complex area of legislation however managing tax issues can have a significant impact on financial outcomes. Our tax and accounting experts will help to make sure your affairs, assets, investments and income streams are structured in the most tax-effective manner possible.

As business owners we know the importance of knowing what’s coming and what’s going out on a regular basis. This needs to be at the start of each month, not the end of the financial year.

We want to be able to implement strategies based on real time data not historical data.

This means you can make better decisions in your business, be less reactive for BAS, Tax planning and spending.

We have been using Xero software since its launch in Australia back in 2009 and we use it for both business and personal financial reporting. We use various Apps that talk to Xero to make our clients lives easier and for B&M to be able to respond and advise in real time with up to the minute live data. This has changed our clients lives for the better in making their record keeping simple, so they can get on with what’s important and that’s running their businesses and concentrating on what makes them money.

We know corporate compliance isn’t sexy. But it is important that you are on top of it to protect you and your assets that you spend long hours building.

B&M Financials’ qualified and experienced staff attend to all ASIC and Corporations Act requirements relating to trading companies and corporate trustees of SMSFs.

Our services ensure companies comply with legal and statutory requirements, including updating ASIC of changes to company details (such as addresses, officeholders, shareholdings), review Annual Company Statements and attending to formal requirements required under the Corporations Act (such as minutes, notices and resolutions).

"I have been working with Joe for over 8 years now with my clients. We work well together for the long-term benefit of the client, with myself managing the day to day operational and management accounting, including BAS review and delivering real time financial reporting for each of their businesses. Joe and his team manage the tax compliance, lodgement and tax planning for my clients, including long term tax and super strategies. The team’s attention to detail makes sure we keep the ATO at arm’s length with all our tax related matters. Joe and I meet regularly with Clients, Joe acting as ‘Chair’ of each advisory board."

ANDREW

Taxation Management from a Management Accountant

Testimonial

“I was lost in relation to my tax situation when I met Joe through my business partner. My previous accountant just didn’t explain it to me so I could understand it. For the first time in my life I feel like I’m in control of my business and my tax and I can just concentrate on what I love doing. If I have a question I just ask and get a response immediately that I can understand. Its EPIC! ”

Elke

Superannuation Solutions

Retail & Industry Superannuation, Self-Managed Superannuation Funds, SMSF Specialists, SMSF Set-up, Retirement Planning.
I know you are probably on this website because you are either thinking about building wealth through super, you are considering setting up your own Self Managed Superannuation Fund or you want to know more about how you buy property using your existing super.
The majority of people we speak to are in their late 40’s and until now haven’t really thought about how life will be when they retire – let me tell you if you haven’t you are probably going to have a problem.
Australian Bureau of Statistics highlights this problem – It states people intend to work longer and well into their 70’s because of financial reasons and for the majority retiring at the age of 60 is a thing of the past. Nearly 50% rely on the government pension which basically means they are retiring absolutely broke at the age of 65. Don’t let that be you!
Read more here about superannuation solutions and click through the text on the right to see how we can help.

The "set it and forget it" aspect of a retail Superfund is convenient, but it has one big problem— you have little control over it. Not only do you leave important money-making decisions in someone else's hands (who probably doesn't know your individual circumstances), but you lose your flexibility too. Time and time again we meet with people and they have no idea how much super they have, what they are being charged and what type of insurance they have coming out of their superannuation. Sometimes they have two superannuation accounts and they are both deducting life insurance premiums and they didn’t even know.

B&M Financial partners with you to manage your existing super that gives you total control and flexibility with some protection. By appointing us as your advisor to manage your super and managed funds or helping you establish and manage your own SMSF you can take back control of what’s yours and monitor your investments performance on a quarter to quarter basis and make sure your employer is paying your superannuation on a timely basis.

After all, it's your money. Shouldn't you be in control of it?

The B&M Financial team will help you with every step in developing a long-term strategy. Our goal is to make the process easy— and our mission is to help our clients become confident, educated investors. Our objective is to put you into a better financial position than you are now.

Unlike many financial advisors we are experts in two quite different fields. The first is we are specialists in supporting you understand and gaining confidence in your ‘money’. We are people who get people. We won’t use financial jargon to confuse you. We will talk to you in your language and at your level of understanding.

The second is we pride ourselves on our level of expertise and experience in the financial sector, be that accounting, tax, bookkeeping, insurance, self-managed superannuation.

B&M Financials’ qualified staff can assist you with complying with legislation and capitalising on the tax effective benefits available through a Self-Managed Superannuation Fund.

We can assist with a range of SMSF services; assisting you with your questions and making recommendations, re-structures, establishments, upgrades, compliance, administration (maintaining accounting records, reconciling member’s accounts, commencing pensions, actuarial certificates, arranging independent audits), lodgements with ASIC and the ATO.

One of the best benefits of having money in super is that you can use it to grow your wealth using the most tax effective structure available in Australia. Property, stocks, funds… there are many investments, combinations, and strategies that may work for you.

Basically, we know all the strategies that will save you more money and most likely minimise your tax further.

The more you keep of what you earn will mean you have more money in your pocket in the long term and that’s better for your retirement.

The latest stats show that over 27% of Australian retirement savings are held in SMSF’s. Superannuation assets totalled $2.6 Trillion at the end of the December 2017 quarter. The SMSF assets totalled over $721 billion which meant that more money was held in SMSF’s than any of the Corporate, Industry or Retail Fund. This sector continues to grow due to the greater flexibility and control over an individual’s super. (ARRA Statistics – Quarterly Superannuation Performance December 2017).

The downside of all this freedom is that it can be overwhelming to those without extensive investment and SMSF experience. And trying to go it alone most often results in poor financial returns or, worse yet, non-compliance with rules and regulations.

At B&M Financial, you get the best of both worlds— expert advice and the freedom to control your investments. We do all the paperwork, you make all the decisions. Essentially, we do everything in our power to make it easy for you to manage your money!


“I have known Joe since 1997 and in that time, I have built my Super up to the point that I can retire very comfortably if I choose to. As a long-term advisor to myself, my Business’s and Superfund Joe has been there to help me make the right decisions to grow and protect my retirement nest egg."

TOM

There are many investment options available to you and we will work with you to find the solution that you are most comfortable with, so you know the risks, the return, the impacts, before you make any decisions.

Most SMSF’s are made up of Australian shares because they're easy to buy and set up. But in order to reach your financial goals and build the most wealth possible, it's important to consider all of your investment options.

When you partner with B&M Financial, you'll have the guidance of our expert Fund Managers and their team— giving you access to the best research, best people, and the best strategies to help you build a strong portfolio. We won’t sugar coat it. If it was easy everyone would be doing it. It can get complicated, but we can explain it and set it up so that you understand it all.

Let’s be honest. If you want an off the shelf solution that gives you an off the shelf return, then you can go and get one.

We don’t think that is the best use of your valuable hard-earned super.

So, we work closely with you to customise the BEST solution for you. Yes, it takes a bit more work, but no-where near as much work as you’ve put in to growing your super asset.

Let’s spend the time to get this right.

Many financial advisors only look at your funds available to invest before making recommendations, and then just offer a few options that are good for "most people".  But we firmly believe your investments should be customised to your goals and take all the assets into consideration inside and outside of super to give you a holistic approach to your investment decisions. Don't you?

Together we develop your personal investment strategy:

  • You work with our experts to select your investments, secure finance, set up your insurance inside your SMSF, and we work together towards the placing and settlement of your investments.
  • We assess your current financial status (inside and outside Super) and determine your goals, taking into account age, income, employment, and retirement needs.
  • Because not all investments are right for everyone, we do a personalised risk/reward assessment before we make any recommendations. This includes a cost analysis for your SMSF and evaluation of when you would like to retire. We ensure you understand the benefits and risks of investing across asset classes (e.g., Australian and international shares, direct property, fixed interest, etc.) and that you have the appropriate diversification required for your long-term investment strategy.
  • We will work closely with your Lawyer, Lender, and any other professionals to ensure all transactions go smoothly. Our regular review process allows us to report on your Investments and how they are performing on a class-by-class basis. If any investments need to be changed, our experts are at your disposal for advice and to implement the changes. Our Team will keep you informed throughout the year on your progress and explain everything you need to know to make informed investment choices as your circumstances and financial structure changes.

The first step is of course making sure we can help you be in a better position. If we can’t then we will tell you. Once we, hand-on-our-hearts know we can help you then we will guide you through the process to make it as easy and simple for you as possible. If an SMSF is right for you, we then start the process of setting up your SMSF….

The first step in the setup of your SMSF, is determining who the trustee will be, preparing your SMSF Trust Deeds and if required the establishment of a Bare Trust/Security Trust, if you are considering borrowing.

We prepare all necessary documentation to assist in setting up the SMSF including: trust deeds, minutes and resolutions, member applications, trustee consents, investment strategy and business registrations (ABN, TFN, Complying Fund Registration, GST and PAYG Registration if applicable).

Our SMSF set up package and ongoing compliance package cost includes

  • time with us to ensure you understand your responsibilities as a trustee.
  • enrolment in our Wealth Advisor “Swim Between the Flags” SMSF Trustee Program.
  • completion of certified documentation required for Bank Account and Loan Setup if required.
  • rollover applications of your existing super funds to your new SMSF.
  • correspondence required for your employer to pay your super to your SMSF.
  • monthly processing of your SMSF, including regular reporting.
  • completion of your SMSF Compliance requirements including Financial Reports, Tax Return, Members Benefits Statement, Investment Reports, and Audit (completed by an approved Independent Auditor).
  • important documents securely stored so they can easily be JP Certified as needed, when needed.
  • Completion of your Individual Tax Returns so you have peace of mind knowing that your Tax Returns are lodged on time and prepared by professionals (conditions apply) that understand how your SMSF ties in with your personal Tax Return.

Whether it’s through the assessment of fund managers or helping you establish and manage your own self-managed superannuation fund (SMSF), we can assist you regardless of what stage you are in life; structuring investments and outcomes to meet your lifestyle goals in retirement. We also specialise in acquiring real estate within a SMSF.

You need to ensure that your assets, capital and income streams outlive you, so that you have enough to live on in retirement.

Our advice will help you to understand what’s required to achieve the lifestyle that you seek in retirement by providing practical and helpful strategies to assist you to reduce the impact of inflation, generate competitive tax-effective returns and create an appropriate income stream in your retirement. Regardless of how many years you are from retirement you need to take control and start planning.

It’s possible to borrow inside Super to purchase residential or commercial investment properties. This offers many opportunities to build your wealth, giving you options you probably never knew existed with Super.

However, SMSFs are governed by complex legislation which is subject to change and, as with any financed investments, there are risks. Therefore, it's important you get advice on your particular circumstances to see if it's right for you as it’s not appropriate for everyone.

We want to make sure you don’t have to see 5 different experts and then try and piece the jigsaw together yourself. This is where we come in. Experts at SMSF jigsaws.

At B&M Financial, we have access to SMSF Finance experts to ensure you get the entire picture— not just a part of it. That way you can truly determine if borrowing to buy an investment is right for you.

Our SMSF experts will explain how borrowing inside Super works, laying out all the pros, cons, and costs.

  • We will help you determine if an SMSF investment is the right kind of investment for you, by reviewing your SMSF’s cash flow and whether it fits well into you long-term financial strategy.
  • Our investment advisors will help you determine which type of investment will best meet your needs and risk tolerance.
  • We'll assist you with the paperwork in setting up your SMSF loan, make sure it stays in current legislative compliance (even as rules change), create a Security/Bare Trust, and address necessary tax requirements.

We'll ensure your Security/Bare Trust deed documents are correctly set up so you avoid stamp duty or capital gains tax on the transfer to your SMSF when the loan is paid off.

Testimonial

“Since meeting Joe in 2013, he has put us back in control of our Superannuation. We are nearing the end of our business working life and we feel very comfortable with managing our post retirement investments through Joe. We meet and communicate on a regular basis, so we feel secure with what our investments are doing.”

Jenny & Wayne

Financial Advice

Financial Planning, Retirement Planning, Superannaution Solutions, Taxations Management, Debt Structuring & Management.

Regardless of where you are at on life’s journey, with B&M Financial you’ll encounter a holistic approach to financial advice. That’s because instead of focusing on selling products, we focus on helping you establish your lifestyle and financial goals; working with you to develop strategies tailored to your personal circumstances and personal goals. Then, and only then, do we adopt an open approach to sourcing the specific products that we recommend, to ensure the right financial products for you.

Financial Planning, Retirement Planning, Superannuation, Taxation, Debt Management– you name it, they all need to be considered and incorporated into your plan. If you miss one, it may affect you in the future. You may not need all of them right now, but we will create a solution to protect, position and promote your wealth.

When it comes to financial planning our focus is to work with you to achieve your lifestyle and financial goals by helping you plan and take action to create, manage and protect your wealth.

Our team of experienced advisers and technical experts work with you to analyse your current circumstances, assess and develop your goals, then develop and implement plans to help achieve your objectives. We offer a broad range of services and expertise, including specialising in commercial and residential property investments and self-managed superannuation.

Our advice on retirement planning will assist you to ensure that your assets, capital and income streams outlive you, so that you have enough to live on in retirement.

We can help you to achieve the lifestyle that you seek in retirement by providing practical and helpful advice to assist you to reduce the impact of inflation, generate competitive tax-effective returns and create an appropriate income stream in your retirement; a process we can help you with, regardless of how many years you are from retirement.

We can help you take control of superannuation structuring and strategies so they are properly aligned with your financial and lifestyle goals.

Whether it’s through the assessment of fund managers or helping you establish and manage your own self-managed superannuation fund (SMSF), we can assist you regardless of what stage you are in life; structuring investments and outcomes to meet your lifestyle goals in retirement. We also specialise in acquiring real estate within a SMSF.

We can help you manage your taxation issues, to ensure you comply with tax legislation and only pay the amount you are required to.

We know that managing taxation issues can have a significant impact on financial outcomes. So, at B&M Financial, our tax and accounting experts will help to make sure your affairs, assets, investments and income streams are structured in the most tax-effective manner possible.

We can help you secure the most appropriate loan structure and arrangements to suit your individual needs and requirements, to help achieve your investment goals.

Through our extensive network of banks and other lenders, backed by our knowledge and expertise, we can structure the most competitive loan products available on the market. And, as we are not aligned to any particular financial institution, we can ensure that the recommendations we make are unbiased and appropriate to your needs.

Testimonial

“Joe has been instrumental in the growth and structure of our existing Child Care Centers, he has been with us every step of the way from bookkeeping, tax planning and general compliance will all the government departments. The next phase of our wealth accumulation has seen Joe structure our super funds, so we can own our commercial Child Care premises which means we will be paying rent to our super funds to own the premises in the long term.”

Phil – Commercial property through SMSF

Investment Advice

Managed Funds, Direct Equities, Direct Property Investments, Superannuation Investments & Other Investments.
To the average Joe, the titles above probably don’t mean much and could mean your eyes glaze over! How you invest your hard-earned money for the future is probably one of the most important decisions you will make. How you leverage yourself for the future could be housed in the information below. But relax, we’ve got this with you. Let me explain:
At B&M Financial we have technical experts across all key investment groups to help ensure your investment structuring and management is tailored to your specific goals.
So, regardless of the size of your portfolio of investments, or whether you are focused on accumulating and growing investments or are in the capital-preservation stage of your life, we can assist you to balance risk to potential returns with effective structuring and management of your investments, to ensure that they are in line with your lifestyle and financial plans.

"We recently cashed in on the sale of some property and wanted to invest the proceeds for the long term while we travelled around Australia. Joe met with us leading up to settlement and provided us with advice in relation to our income, expenses and assets and discussed with us at length our goals and wishes and put in place a plan, so we could enjoy our travel’s and not have to worry about money while we were away. Our cashflow just appears in our bank account on a regular basis. It’s great."

KERRY & PETER

Investment Advice

Whether it’s the assessment of fund managers or establishing and managing your own super fund, we can help you take control of strategies and structures to align with your goals. For most Australians superannuation will be a vital source of income in retirement; therefore, for you, establishing the right structure and achieving investment outcomes can have a major impact on exactly when you are able to retire and on your lifestyle in retirement. We can help you make sure you make the right decisions at the right time.

A Self-Managed Superfund (SMSF) has greater control than an industry Superfund— mainly because you make the decisions on your investments. But that control also means you need to make decisions about how, when, and where to invest to get the returns you are aiming for.

A SMSF also has many legal and tax rules, and you'll need to consider insurance so that you and your assets are protected as well.

In short— unless someone has the time and expertise to research and manage investments, and has knowledge of the SMSF legal requirements, it can become complex to run one successfully on your own.

Our team of experts are at your disposal

B&M Financial has built a team of experts to give you advice on every aspect of your SMSF, including Boutique Funds, Direct Shares and Options, Finance, Insurance, Property, plus tax and legal compliance for each.

And we don't just, "set it and forget it". All of our experts work together to guide you at every stage, ensuring your investments grow and your money stays protected.

We work with you every step of the way

- Together we will look at what you have currently (including your assets and liabilities outside Super) to get a complete financial picture.

- We will review your current Super balance and insurance to see if a SMSF is right for you and if your money is well protected and explain what's involved with a SMSF.

- We will discuss your financial goals, calculating your Retirement Gap (where you are now versus where you need to be at retirement), and what options you have to bridge this gap.

- We will evaluate how property and other investments work with your Super and decide together what a good strategy is for you.

- We will provide our recommendations and a full, transparent cost disclosure so you can weigh up the risks as well as the rewards.

We have the experience and industry knowledge to assist you in selecting which, if any, managed investments might be right for you, with the tools to monitor their performance. With literally thousands of managed investment funds to choose from, navigating the minefield of fees vs. performance and risk vs. reward is fraught with danger.  However, as we’re not aligned with any financial institution, our recommendations are about you and your goals, not limited to the choices set by a corporate or institutional master.

"Since meeting Joe in 2013, he has put us back in control of our Superannuation. We are nearing the end of our business working life and we feel very comfortable with managing our post retirement investments through Joe. We meet and communicate on a regular basis, so we feel secure with what our investments are doing."

JENNY & WAYNE

Superannuation

We can develop and help manage your direct equity investments, as part of your personal portfolio holdings or super fund; with full visibility of transactions and results. Working with our team of experts, we can help you take control of your direct investments in shares, decide which companies to choose, when to buy and sell, or help you understand and decide whether equities are right for your circumstances and what role, if any, they should play in helping achieve your goals.

"I work closely with Joe on share portfolios and direct share investments, if he has a listed company share that he wants some background information on I complete that for him and provide him with the research. It then enables Joe or his client to make a decision to invest or not based on the information provided. On the reverse if Joe or his clients are holding a share that I think holds risk, I provide them with the information, so they can make a decision on their portfolio."

OJ

Direct Equities

We view property like any other asset-class; balancing risk versus reward and knowing that careful, independent product selection is critical to maximizing financial returns. Most Australians feel comfortable with direct investment in real estate yet most financial planners overlook this asset class completely, leaving their clients to tackle this critical opportunity and associated risks. B&M Financial can help you decide if direct property investment helps you achieve your goals and, if so, help you select a property that fits your plans.

Borrowing through a SMSF to buy property is a growing trend as an investment strategy— mainly because property investments can be both lucrative and relatively secure, and also because there are significant tax benefits (depreciation). In order to protect your current holdings and your property investment, it's absolutely essential to engage experts who can guide you through the entire process, from set up and compliance requirements to recommending investments.

It's enough of a challenge to choose a good investment property— navigating the legal and tax requirements, rules, and paperwork on top of all that can overwhelm even the most educated investor.

But there's no need to risk your finances or your sanity! When you partner with B&M Financial, you'll have your own personal SMSF and Property expert at your disposal to recommend investments that are right for you and keep up with legal requirements.

Our Experts Make Property Investment Easy:

First, we'll help you determine if investing in property is the right choice for you and fits into your investment strategy.

Our Property experts will advise you as to which types of investment properties are suitable for your SMSF and will meet your goals.

Together with our Property experts you will go over market research and determine which properties in which areas present the best long-term returns and make sure they meet the required "sole purpose test"

Because we work as a team our SMSF Finance experts will guide you through your finance needs regarding your SMSF and property investment(s).

We can assist with the settlement and tenancy process to ensure a worry-free, professionally-managed investment. Rules and regulations change often in this market, but don't worry. We will keep you updated and compliant. This includes regular valuations that are required for your properties to make sure your SMSF balance is reflecting the market value of your properties every year.

"We recently took our business to another level and with that I invested a lot of time in training some key people in my business. Joe recommended I put some insurance in place in case something happened to that person, so our business didn’t suffer if that person was injured or fell sick. When we went through the process that key person realized he had nothing in place for his family’s protection if something happened to him. It was a great piece of advice that was a win-win for everybody involved."

TIM

Business Insurance

Our team of experts can help you assess and decide which, if any, alternative investment types are suitable to help you achieve your lifestyle and financial goals. We can help you assess the myriad of safe to highly-speculative investment choices available (such as shares, fixed/variable, interest-bearing, capital/partial-capital guaranteed, debentures, derivatives, bonds, deposits and other structured products), to help you decide which, if any alternative investment types are suitable to help you achieve your goals.

"When I first setup up my superfund to purchase a property, I had some left over cashflow to invest. I went to Joe to see if I could invest in a particular asset and he made sure that I could and advised me on the documentation needed to support the investment. He also provided me with all the necessary paperwork for the minutes and the investment strategy that was needed so that everything was documented and compliant. "

DAVID

Other Investments

Testimonial

“Since meeting Joe in 2013, he has put us back in control of our Superannuation. We are nearing the end of our business working life and we feel very comfortable with managing our post retirement investments through Joe. We meet and communicate on a regular basis, so we feel secure with what our investments are doing.”

Jenny & Wayne

Risk Management

Risk Assessment, Personal Insurance, Business Insurance & Estate Planning.
If this area isn’t for you that’s cool. We promise though that we will present to you your options from the different areas below that can support, reduce stress and protect your retirement. Whatever your decision is, we are fine with that as long as you understand the implications and are happy with that. We don’t want to sell you a policy if you don’t want or need it.
B&M Financial will assist with a comprehensive needs-and-risk assessment to help you carefully select what type and level of cover best suits your circumstances and goals. At B&M we have the expertise to find the best option and structure for your particular circumstances, selecting the right products and levels of cover, to protect your income stream when you are unable to earn an income due to illness or injury and provide for your family in case of death or disability; while maximising cost savings in the process.

We can help you manage the effects of serious illness, or even death, so that these events do not seriously jeopardise your family’s financial well-being.

As we are not aligned with any financial institution we have access to a range of products from leading providers; rather than being limited to a particular corporate or institutional offering. So, whether its life, trauma, total & permanent disability, income protection, or other insurance across your investment and lifestyle assets, B&M Financial can assist.

There are benefits to having insurance inside your Super— namely, it's possible to see higher payouts to beneficiaries and you have more control.

However, insurance within a SMSF has downsides as well. There are medical and tax rules, to consider, among many other considerations. A wrong decision could leave your insurance payments inaccessible.

While you are not required to purchase insurance within your SMSF, Australian law requires that you prove you have considered it. So how do you decide if insurance inside SMSF is right for you? Let us help!

With decades of experience in Insurance, our experts will explain all the options as well as lay out the costs of each so you can make decisions based on all the facts.

Our experts are here to help:

  • We'll help you determine which types of insurance you're eligible for, and what benefits and costs are associated with each type.
  • We'll look at your current Super or SMSF to determine your existing coverage, whether or not it's adequate, and what you would need to do to get the coverage you want.
  • Together we'll go over all of the pros and cons of insurance inside and outside of your SMSF so you'll be completely confident in your choices.
  • Once you've made your decisions, our team will guide you through every single step of the set up so all paperwork requirements and deadlines are met.

"My husband and I had engaged another insurance broker for our personal insurance. As our financial adviser we asked Joe to review the proposal to ensure it was structured correctly to meet our individual needs. The proposed structure had different waiting times on our income protection insurance and included some inside super and some outside super, upon Joe's review he raised some questions which he was happy to discuss with the insurance broker directly on our behalf and got a response we were all happy with. We know Joe is also an insurance broker, however he was happy to work with our contact to make sure we had the right policy for us. We hope we never need to make a claim, but we are confident if we ever do that we have the right structure in place thanks to Joe".

KYM

You’ve worked hard to build your business. It may suffer if you are unable to perform your current roles. We don’t want this conversation to happen when you get sick.

We can help you with insurance to protect your business in case you are unable to fulfil your role as the owner/partner/shareholder due to illness, disability or death.

B&M Financial can help you develop your strategy for maximum protection, to offset reductions in revenue should something happen to you (or to other stakeholders named in the policy), or cover fixed business expenses if the revenue generating capability of your business is hamstrung by your inability to work due to illness or disability.

"We recently took our business to another level and with that I invested a lot of time in training some key people in my business. Joe recommended I put some insurance in place in case something happened to that person, so our business didn’t suffer if that person was injured or fell sick. When we went through the process that key person realized he had nothing in place for his family’s protection if something happened to him. It was a great piece of advice that was a win-win for everybody involved."

TIM

Business Insurance

B&M Financial assists with developing and establishing estate plans, wills, powers-of-attorney and beneficiary arrangements, to suit your needs, requirements and desires. Through our network of third-party specialists and lawyers, or working directly with your solicitor, we can assist with your estate planning needs, to help you provide against unforeseen circumstances and to ensure that your finances and assets are protected and dealt with in the manner you envisaged and intended.

"We have known Joe for over 20 years and we needed our wills reviewed and updated. Joe was instrumental in guiding us through the process with a lawyer as he knew everything about our business, our investments and my family. My wife and I were able to set up clear instructions that provided for everyone and each other. There are assets we wanted held for the long term that we wanted our estate to benefit from. There were also assets that could be sold if the family chose to do so. We were very pleased with the resulting document and with the ease of the provided by Joe."

TOM

Estate Planning

Testimonial

“Joe has been instrumental in the growth and structure of our existing Child Care Centers, he has been with us every step of the way from bookkeeping, tax planning and general compliance will all the government departments. The next phase of our wealth accumulation has seen Joe structure our super funds, so we can own our commercial Child Care premises which means we will be paying rent to our super funds to own the premises in the long term.”

Phil