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Comprehensive Wealth Management Services are Available to Mid- to High-Net-Worth Clients Who Wish to Grow Wealth, Manage Liability Exposure & Pass on Wealth | Book A Free Consultation | Open Monday to Friday 8 am to 5:30 pm | Visit Us At Delta Financial Group Level 11, 22 Market Street Sydney 2000 | Contact us at enquiries@deltafinancial.com.au or 02 9327 4338
The Value of A Professional Wealth Manager
Wealth management is a comprehensive approach to achieving long-term financial stability and preserving your legacy. Asset management typically focuses on managing investment portfolios, while wealth management encompasses a broader range of services aimed at higher net-worth individuals, including estate planning and trust management. At Delta Financial Group, we understand that managing wealth involves more than just investments; it’s about creating a secure and fulfilling future for you and your loved ones. Our founder, Mike Sikar, brings over 25 years of wealth management experience to guide you through this journey with expertise, empathy, and unwavering support as a trusted wealth manager.
Our Approach: What Makes Our Wealth Management Firm Different?
At Delta Financial Group, we empower you to take control of your financial destiny. A wealth manager develops financial plans tailored to individual client needs, ensuring comprehensive advice and services. We assess each client’s financial situation to provide tailored advice and services. We act as your personal Chief Financial Officer (CFO), applying financial acumen to your unique situation. Here’s what sets us apart:
Personalised Investment Strategy
We equip you to think about, behave, react, and use money in a way that puts you in the driver’s seat. As financial advisers, we provide expert guidance and develop comprehensive financial plans tailored to your needs. As your personal sounding board, we help you evaluate all your options and make smart financial decisions. We aim to help you create an income for life, ensuring financial security and peace of mind.
Long-term Financial Advisor Partnership
When you join our Delta family, you get us for the long haul. We’re by your side every step of the way, helping you navigate the complex world of wealth management. Our commitment to long-term relationships ensures that you receive continuous support and guidance tailored to your evolving needs.
Expert Leadership and Investment Management
As a valued client, you benefit from our leadership and management of a team of experts. It is crucial to verify the credentials of financial professionals, and one of the top designations to look for is a certified financial planner. We provide clarity and control over your financial future, offering personal attention, professional advice, timely information, and efficient administration.
Innovative Strategies
Our services and strategies are tried and tested, drawing from a collective pool of creative thinking, unique financial strategies, and the latest technology. Our financial advisors provide the tools and support to help you control your money and achieve your financial goals.
Wealth Management 101
The Four Pillars of Wealth Management
Wealth management can be divided into four main parts: lifetime planning, building capital, managing capital, and succession planning. Investment management is a crucial aspect within this broader context, helping clients grow and protect their wealth through informed financial decisions and planning. These components collectively ensure a life well lived and a legacy well left.
Lifetime Planning
Lifetime planning is the cornerstone of wealth management, securing three main objectives. A financial plan is a crucial strategy for achieving personal and investment goals, ensuring alignment with clients’ aspirations and values:
- Rainy Day Fund
It’s crucial to have an emergency fund in place for redundancy, illness, or unexpected emergencies. This fund supports individuals throughout their investing lives, providing a safety net during unforeseen circumstances.
- Lifetime Savings
Achieving financial freedom involves having a clear plan for passive income once one stops working. This requires disciplined saving and strategic investing to ensure a comfortable retirement. - Predictable Cash Requirements
Planning for predictable cash needs such as time away from work, education, mortgage clearance, or buying a second property is essential. A strategy for these expenses ensures they do not disrupt long-term financial goals.
Building Capital
Building capital involves intelligent and practical investing. A tailored investment strategy is crucial as part of a comprehensive financial plan that aligns with your goals and values. Key principles include:
- Maximising the Power of Each Dollar
Invest cleverly and early to maximise the power of compounding returns. Early investments benefit from the compounding effect, where returns generate additional earnings over time. - Risk Return Trade-off
Balance risk and return to reflect the stage in one’s financial life. Early in the investing journey, one might take more risks for higher returns, while nearing retirement, preserving capital becomes more critical. - Tax Efficiency
Use appropriate tax shelters to minimise tax liabilities and maximise investment growth. Effective tax planning ensures that a significant portion of earnings is retained and reinvested.
Managing Capital
Managing capital is about aligning one’s wealth with income needs. Financial planning plays an integral role within wealth management services, encompassing various aspects such as investments, tax, and estate planning.
- Review Goals and Circumstances
Review investment performance regularly against goals and adjust for changing life circumstances, such as marriage, children, or separation. Life events can significantly impact financial plans, necessitating adjustments to ensure continued alignment with your objectives. - Asset Allocation
Asset allocation should reflect timing and risk tolerance. As retirement approaches, a more conservative allocation might be necessary compared to earlier years. Diversifying investments across different asset classes helps manage risk and improve potential returns. - Balancing Income, Capital Preservation, and Growth
Early in one’s career, the focus might be on growth, while later, income generation and capital preservation become priorities. Balancing these elements ensures that financial resources are utilized efficiently to meet both immediate and long-term needs.
Succession Planning
Succession planning ensures a good legacy:
- Avoid Burdening Children
Ensure sufficient retirement income and plan for long-term care costs to avoid becoming a financial burden on children. Wealth management firms typically cater to clients with a higher net worth and provide additional services like estate planning and trust management. Preparing for these expenses ensures peace of mind for both you and your family. - Determine Affordability
Assess how much can be afforded to leave behind after considering personal needs and longevity. Striking
Practical Application of Wealth Management Principles
To put these wealth management principles into action, Delta Financial Group offers tailored services and strategies. They act as personal CFO, providing a systematic approach to money management. Here’s how they implement these principles:
Customised Financial Plans for Financial Security
Delta creates personalised financial plans that address each client’s unique needs and goals. A financial planner is crucial in creating these personalized financial plans and investment strategies tailored to clients’ goals. This includes setting up emergency funds, planning for predictable expenses, and devising strategies for lifetime savings.
Investment Strategies and Advice
Using a blend of traditional and innovative investment strategies, Delta helps clients build and manage capital effectively. They focus on maximising returns while minimising risks, and ensuring investments align with clients’ financial stages and risk tolerances.
Regular Reviews and Adjustments
Financial plans and investment portfolios are regularly reviewed and adjusted to reflect changes in clients’ lives and market conditions. This ensures that financial goals remain achievable despite life’s uncertainties.
Legacy Planning
Delta assists clients in organizing their estates, setting up trusts, and ensuring that their wealth is transferred smoothly to the next generation. This includes guiding legal and tax implications to optimise the legacy left behind.
Conclusion
Wealth management is not just about accumulating wealth; it’s about securing financial stability, achieving personal goals, and leaving a lasting legacy. Delta Financial Group, under the leadership of Mike Sikar, offers a comprehensive approach to wealth management that empowers clients to take control of their financial futures.
With a strong foundation in core values and a unique client-centric approach, Delta Financial Group ensures clients can enjoy a life well-lived and a legacy well left. Whether it’s lifetime planning, building capital, managing capital, or succession planning, Delta provides the expertise and support needed to navigate the complex world of wealth management.
FAQs about Wealth Management
How do wealth managers help individuals grow and protect their assets?
Wealth managers assess individual financial situations, create personalised plans, offer investment advice, and actively manage portfolios to optimise growth and mitigate risks.
When selecting a wealth manager, it is essential to consider their trust and expertise to ensure they can effectively manage and protect your assets. It is crucial to verify the credentials of wealth managers through the Financial Industry Regulatory Authority (FINRA), which provides resources to understand professional designations, check for disciplinary actions, and confirm the credentials of financial professionals.
How can I diversify my portfolio for effective wealth management?
Diversification involves investing across different asset classes like stocks, bonds, real estate, and commodities to spread risk and enhance potential returns.
Can wealth management advisors assist with estate planning and inheritance issues?
Yes, many wealth management advisors offer services related to estate planning, helping clients navigate inheritance issues, minimise taxes, and ensure assets transfer smoothly.
What are some common investment strategies used in wealth management?
Strategies include asset allocation, diversification, risk management, tax optimisation, and incorporating various investment vehicles based on clients’ goals and risk tolerance.
What role does risk management play in wealth management?
Risk management aims to assess, mitigate, and manage potential risks that could affect investment portfolios, ensuring alignment with clients’ risk tolerance and goals.
