GFM Wealth Advisory - Self Managed Super Fund Specialists, Investment Management, Financial Planning, Accounting

How an SMSF Works in Retirement: Are You Set Up Correctly?

On April 18 we also had very strong attendance to our presentation on “How an SMSF Works in Retirement: Are you set up correctly?” The presenters were James Malliaros, Nicola Beswick and Paul Nicol.

At our seminar “How an SMSF Works in Retirement: Are you set up correctly?” we presented on how an SMSF should look leading into retirement and during retirement. The topics covered included:

Advantages of SMSFs
The right Trustee Structure for your SMSF
Estate Planning within your SMSF
The Right cash flow model for your SMSF
Investments best suited to an SMSF in retirement
Centrelink and SMSFs
Smart SMSF Strategies

The feedback from the attendees was excellent. They found the presentation interesting and very informative.

Annual Golf Day 2018

We held our 16th Annual Golf Day at Riversdale Golf Club on Friday 16th March 2018, attended by 83 of our keen golfing clients. We were blessed with perfect weather for the day.

It was great to have some new players join us this year. The course was in perfect condition and we had some terrific prizes on offer. Everyone had a fantastic day. The competition was Ambrose, and the winning score on the day was 55.44, followed by Runners Up scoring 57.42.

Congratulations to Nick Walsh, Patrick Malcolm, Jenny Eddy, Jim Fuller – The Winning Team!

The Runners Up with a score of 57.42 were Mark Tully, David Brookes, Anne Brookes, Paul Kaiser

3rd Place with a score of 57.83 – John Trevorrow, Tini McKimm, Russell McKimm, Dan Moore (absent)

4th Place with a score of 58.16 – Peter Ferguson with Witi Suma & Mai Davies. Team members absent were Bill Patterson, Les Monk, Peter Keppell

NAGA with a score of 70.83 – Ingrid Crichton, Peter Favaloro, Marysia Paszkiewicz, Peter Hayes

Winner Straightest Drive on the 18th hole – Tony Rawlings

Winner Longest Drive on the 6th hole – John Trevorrow & 15th hole – Jan Ellery

Winner Nearest The Pin on 14th hole – Rod McFarlane, Marysia Paszkiewicz – 3rd hole, Steve Fletcher 17th hole

How to Beat The Average Investor

On February 28 we had a packed audience listening to our presentation on “How to Beat the Average Investor”. The presenters were Paul Nicol, Patrick Malcolm and James Malliaros.

At our seminar “How to Beat the Average Investor” we presented on how GFM goes about selecting investments and constructing portfolios on behalf of our clients. We also provided an in-depth insight into our investment process and investment selection to help those in attendance understand our process of constructing high-quality portfolios. Other topics covered included:

Why Asset Allocation is critical to portfolio returns
Understanding risk and return
How we go about selecting investments
How we go about constructing portfolios
Why yield is essential for pre-retirees and retirees
How to reduce risk in a portfolio

The feedback from the attendees was excellent.

Movie Night 2017 – Murder On The Orient Express

We have been holding annual movie nights for 16 years, and this year we held two nights on Wednesday 29th November and Monday 4th December at the Rivoli Cinemas in Camberwell. This is always a very popular event and we had 215 clients attending on each night. The evening started with pre- movie canapés followed by the screening of Murder On The Orient Express.

Our clients had a chance to catch up and chat with members of our team and also with other clients that they have met over the years at GFM events. The feedback from the night was excellent, everyone had a fantastic time and thoroughly enjoyed the movie, which most thought was outstanding.

Meet the Manager – Magellan Global Fund

We held our last Quarterly Business Lunch on Monday 4th September 2017 at Riversdale Golf Club. Our special guest presenter was Stefan Marcionetti who is the Assistant Portfolio Manager to lead portfolio manager Hamish Douglass.

This function was well attended by investors in the Magellan Global Fund. The Magellan Global Fund invests in a concentrated group of some of the biggest companies in the world. At present, the top 10 holdings of the Fund are dominated by technology stocks including Apple, Alphabet (Google), Facebook, Microsoft, Oracle and eBay. Much of the presentation focussed on the pace of technological change in the past 10 years and the rising concern of disruptive technology and what it all means for constructing a high quality share portfolio.

We were very fortunate to have Stefan present, looking “under the bonnet” of Magellan’s investment process and stock positions. The attendees found the presentation of great interest and extremely worthwhile.

2016 Federal Budget Superannuation Changes Seminar

We held our first seminar for the year on the very important topic “2016 Federal Budget Superannuation Changes” on Monday 13th February at Riversdale Golf Club. There was a huge demand and the evening seminar was booked out very quickly, so to accommodate everyone, we also hosted a lunch seminar. Both sessions were well attended by almost 200 clients and guests and the feedback was excellent.

James Malliaros, Patrick Malcolm and Paul Nicol provided an overview of the many ways in which you may be impacted by the proposed changes and the opportunities that may exist within these changes prior to the 1st of July. Topics that we were covered included:

Introduction of a $1.6 million transfer balance cap
Changes to the taxation of Transition to Retirement (TtR) pensions
A reduction to the concessional contribution (pre-tax) cap and allowing catch up concessional contributions
Taxation deductions for personal concessional contributions
A reduction in the non-concessional (post tax) contribution caps
Once off opportunities prior to June 30 for non-concessional contributions before the transfer balance cap and reduced non-concessional contribution limit comes into effect
Low Income Super Tax Offset and Spouse Contributions

The super reform package has made superannuation even more complex. It is virtually impossible for the average person to understand the complexities of the superannuation system and high quality advice will be paramount.

If you didn’t attend the seminar and would like a copy of the presentation or would like to make a time with your financial adviser to discuss, please call Mai on 9809 1221.

We will be holding a specific seminar for individuals who might be impacted by the $1.6m transfer balance cap, on Wednesday 29th March 2017.

Quarterly Business Lunch – Estate Planning And Centrelink Age Pension Changes From 1st January 2017

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We held our Estate Planning and Centrelink Update Seminar on Monday 5th September at Leonda By The Yarra with 160 clients and guests in attendance. The two topics covered were Estate Planning and the Upcoming Changes to the Centrelink Age Pension.

The feedback from the attendees was excellent. They found the presentation very interesting and informative and appreciated having a lawyer present.

Our special guest presenter was Andrew Lord, Director of Lord Commercial Lawyers who gave a general overview of Estate Planning and specifically covered the Tips and Traps of SMSF Estate Planning.

Paul Nicol provided an overview of the Centrelink Age Pension System and the changes from 1st January 2017 which will impact almost all Centrelink Age Pension Recipients.

This was a very detailed presentation. Andrew and Paul discussed the following:

Benefits of a good estate plan
Preparing a Will
Common mistakes with Wills & Estate Planning
Enduring Power of Attorney
Testamentary Trusts
Role & Responsibilities of Executor
Asset protection for beneficiaries
What Happens to your superannuation on death
The best superannuation/SMSF Beneficiary options
An overview of the Centrelink system and the Age Pension
The upcoming decrease in the Assets Test thresholds
The upcoming increase in the Assets Test taper rate
Maximising your Age Pension entitlements

Estate Planning is a complex area and it’s very important to have an understanding of all the aspects involved in having a good estate plan.

If you would like a copy of the presentation, please call our office on 9809 1221.

Quarterly Business Lunch with Shane Oliver – 2016 An Insight Into The Year Ahead

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We held our second Quarterly Business Lunch for the year on Wednesday 16th March 2016 at Leonda by the Yarra. This was well attended by 148 clients and guests.

Our special guest presenter was high profile economist Shane Oliver. Shane is the Head of Investment Strategy and the Chief Economist at AMP Capital. Shane has extensive experience analysing economic and investment cycles and what current positioning means for the return potential for different asset classes such as shares, bonds, property and infrastructure. Shane is a regular media commentator on economic and investment market issues and engages regularly with investors at public events and forums.

With calendar year 2016 starting on an indifferent note for investment markets, Shane provided a thorough understanding of what is causing the current volatility.

Shane provided a market and economic update and his presentation covered the following:

2015 saw constrained but positive returns – Balanced Growth super Funds returned an average 5.3% (post tax & fees)
It has been a rough start to the year for shares – Same concerns as last year: Chinese Growth, Fed, RMB, $US and flow on to commodity prices.
Economic and Investment Outlook
- Okay but uneven global growth – 2015: 3.1%, 2016: 3.0%
- 2016 GDP Growth. China 6.5%, US 2%, Eurozone 1.75%, Japan 1%, Australia 2.5%
- Interest rates remain low, maybe only one Fed hike this year, further easing from ECB, BoJ, PBOC and RBA
- Short term bounce in $A, but still headed down to $US0.60
- Bonds and term deposits offer low returns and are not attractive
- Short term downside risk in shares, but should provide strong return opportunity as global recession avoided.
Global Business Conditions Uneven – Manufacturing Weak, Services slowing a bit too
Oil in a secular downswing. Bad for producers but consumers benefit.
US Economic Growth bouncing around 2% – Manufacturing hit but may be bottoming
The US Job Market is still solid – But weak global growth, slowing CAPEX & low inflation likely to constrain the Fed this year.
The Eurozone looking okay with even more ECB support likely in March
Chinese growth has slowed but not collapsed – Stimulus measures are helping.
Continued slow growth means inflation will remain low, central banks Dovish
The collapse in Australia’s export price is weighing heavily on national income
The Australian Economy – Stronger than predicted
Reversal of the two speed economy = Rebalancing
Why a severe global bear market is unlikely?
- Share valuations are okay
- A recession is unlikely – they are normally preceded by imbalances and significant monetary tightening, neither of which have been seen
- Normal lags suggest the boost to energy consumers from lower oil prices will provide a growth boost this year
- Monetary conditions are set to remain very easy… expect only one Fed hike this year at most
- There is a lot of pessimism around
Sharemarket valuations are fine
Australian Shares are offering a very high cash flow versus bank deposits
With interest rates & bond yields remaining very low and the “search for yield” is likely to go further
Crash calls for Australian Property? Expensive housing and high debt but years of undersupply
9 Rules for Investors to keep in mind
- The power of compound interest
- There is always a cycle – bear markets happen
- Invest for the long term – consider goal based investing if you can’t
- Diversify
- Turn down the noise
- Buy low and sell high – selling after a 20% fall just locks in a loss
- Beware the crowd at extremes – shares bottom at the point of maximum bearishness
- Focus on investments providing decent and sustainable cash flows
- Seek advice

The feedback from the attendees was excellent. They thoroughly enjoyed the presentation and found it extremely informative.

If you didn’t attend the session and would like to receive a copy of the presentation emailed to you, please call Mai on 9809 1221.

Market Update and Outlook for 2016

We held our Market Update & Outlook for 2016 Seminar on Wednesday 18th November at Riversdale Golf Club with 108 clients and guests in attendance. The seminar covered investment market activity during 2015 and the outlook for 2016.

Our special guest presenter was Matt Sherwood who is Perpetual’s Head of Investment Strategy, Multi Assets. In this role, Matt responsible for monitoring, analysing and forecasting factors for earnings growth, economic growth, interest rates, currencies and the policy implications for both Australian and the broader global region.

We were very fortunate to have had Matt present to our clients for a sixth year and the feedback again was excellent.

Matt provided an overview of the global economic backdrop, and how this is likely to affect investment markets over the next few years.

Matt’s presentation covered the following:

2015 has been an underwhelming year for markets from all perspectives.
Global growth dynamics reflect an unresolved debt burden, waning demographics, sustained excess capacity, patchy demand growth, soft labour markets and subdued commodity prices.
- companies will remain focused on cost and capital management.
- global policy is aimed to deliver favourable financial conditions.
The great policy mistake of the post-GFC era.
Australia and it’s income recession
How does one manage for returns when risk is broad-based, valuations are fully priced and policy options are constrained?

As this was our last seminar for the year we concluded the evening with some celebratory drinks and canapés. Our team enjoyed the opportunity to have a drink and a chat with our clients.

Photograph: Matt Sherwood Presenting

Photograph: Jenny and Wayne Hunter, Bree Hallett

Centrelink Age Pension Seminar 2015

We held our lunch seminar on Monday 7th September 2015 at Riversdale Golf Club where we discussed the Centrelink system. There have been some very significant changes to the age pension system over the last 6 months. From the 1st January 2015, new Account Based Pensions (ABP) are deemed for the Centrelink Income Test and effective from the 1st January 2017 there will be changes to the Assets Test thresholds.

The session gave those currently receiving the age pension an understanding of what impact these new changes will have.

This was a very popular topic and we had a full house, having 119 clients and guests attend on the day.

Paul Nicol and Patrick Malcolm were the presenters on the day. Their presentation covered:

Overview of the Centrelink/DVA Age Pension System
The benefits of seeking advice
Eligibility – Asset and Income Tests
Deeming
Commonwealth Seniors Health Card
Important Changes to the Assets Test
Practical Case Studies

The feedback from the attendees was excellent, they found it most informative and told us they gained significant benefit from attending.

Centrelink planning is a complex and important part of the financial planning process and not understanding the system can lead to sub-optimal results.

If you would like to make a time with your adviser to discuss Centrelink Age Pension Planning or if you were unable to attend and would like a copy of the presentation, please call Mai on 9809 1221.

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Category Archives: Past Events