Financial Planning

One-Size-Fits-All Doesn’t Work for your Financial Plan

9 April 2022

When it comes to financial planning, personalisation is the most important aspect. 

From your lifestyle to your cash flow to your goals, you need to choose strategies and plans that work for you and your family. 

Many people think that the same financial strategies work for everyone, but, that most definitely isn’t the case. 

At Cambio Group, every financial planning strategy we create is tailored to the client with the aim of helping them reach their unique goals. 

So many of our clients come to us without actually knowing what their financial and lifestyle goals are – this is completely normal. We can work with you to understand your current financial situation and together, work out what your goals are and what strategies would give you peace of mind. 

While a personal financial plan helps you reach financial freedom, ongoing financial advice can ensure you remain on track to reach your goals and help you understand what changes you need to make to achieve financial success. 

 

Here Are Some Reasons You May Need to Consider a Personalised Financial Plan

Reason #1: Your Financial Situation has Significantly Changed

If you have gone through big financial changes in life, you may need to consider personalised financial advice. 

Many people choose to seek our financial planning services when they:

  • Receive a new job/promotion with a significant pay rise and want to make their money work hard for them
  • Receive an inheritance that they want to know how to invest and make the most of
  • Buy a house and want to determine how they can pay down their mortgage quicker and still grow their money 
  • Start a family and want to ensure financial security for their family and also ensure adequate protection through personal insurance solutions.

While you could get generic tips online, you’ll need to customise your plan to fit your specific issues. That’s why it’s worth working with a financial planner who can help you out with the most appropriate strategies.

Reason #2: You’re Struggling to Grow Your Savings

If you find that you’re struggling to grow your savings through your current strategies, it can be useful to seek expert financial planning advice. 

Financial advisers can help you consider new strategies that can help you grow your savings the smart way. 

Besides personal investment solutions, a financial adviser can also help you run through ways to grow your money tax-effectively such as investing with purpose through your super fund. 


Reason #3: You’re Worried About Your Super Fund Performance and Retirement Savings

When you near retirement, your superannuation and nest egg becomes increasingly important to review and maximise. 

Recent research into the performance of major Australian superannuation funds highlights several superannuation funds that were underperforming.

 

The research conducted earlier this year by APRA, which forms part of the federal government’s annual super fund performance test, produced some concerning news for many – especially those on the verge of retirement.

 

Thirteen superannuation funds have failed the federal government’s performance test due to fees and underperformance (delivering poor investment returns to fund members). 


If you’re worried your super fund may not be performing up to scratch, it’s worth considering a personal superannuation performance review. 

How Can Cambio Group Help You?

Having your own financial plan will help you simplify your financial decisions for a better future. 

Everyone’s goals and financial situations are unique which is why everyone’s financial strategies should be unique too. That’s why it’s worth navigating your finances with a financial planner. 

Book a complimentary consultation with our team today if you want to enjoy the benefits of a personalised financial advice experience.

 

Disclaimer: The information (including taxation) in this website does not consider your personal circumstances and is of a general nature only – unless otherwise stated. You should not act on the information provided without first obtaining professional advice specific to your circumstances.

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For over 20 years we’ve been helping people like you make smart, informed business and financial decisions. We’re in this to make a difference, to help you avoid the common mistakes that prevent people from building a business and creating a life they truly love.

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