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Future Financial Services

Future Financial Services Penrith Provides; Retirement Planning, Wealth Creation, Superannuation & Insurance Planning Advice. 

Future Financial Services is a boutique financial planning firm dedicated to providing personalised, easy to understand advice as our clients go through various life stages.

Our knowledge and experience in relation to legislation and strategies surrounding superannuation, insurance, investments, taxation and Centrelink will enable us to provide you with quality advice to assist you to achieve your financial goals.

Alex McKenzie, the Principal Financial Planner, has been operating as an advisor since 2002 and has serviced clients in varying situations for over 15 years.

Future Financial Services Blogs

  • Self Managed Super Funds - Is a Self-Managed Super fund appropriate for you?

    In recent times, Self-Managed Super Funds (SMSF) have become very popular and, for many investors, they represent an excellent vehicle to manage their retirement assets.

     

    It is my belief that for many Australian’s who have an SMSF, it is not the most appropriate structure. Truth be known, often the person recommending the fund benefits greatly.  As a financial planner, a SMSF client is gold as they are generally high revenue clients.  The same applies for accountants and those involved with property investment, we are all incentivised to recommend an SMSF. Is this best for the client? Often the answer is yes, it is a great option, however, in a lot of other situations, I’m less confident that an SMSF is appropriate. 

  • Throwing away money - We’re throwing away money

    I’ve written about this previously, but I never cease to be amazed at how lackadaisical many people are about their financial products despite it costing them money. Most clients rarely review their superannuation, insurance and mortgages.

    In the last 5 years or so, the cost of superannuation products has decreased substantially, especially for more sophisticated options such as platforms. Maintaining an old policy could really increase costs with little or no benefit. It is also possible that the policy you have has features you are paying for that you don’t require.  The reverse is also true; the policy may lack features that could be used to your benefit.