the wealth journey ...
For business owners Accounting & Tax Investment Management Strategy & Planning
Estate administration Full personal care Trustee services Retirement plan Philanthropy Intergenerational wealth plan
n ctio e t o r et p Ass
Sale of business Management & equity
Business valuation
Estate plan
Business succession plan
Superannuation
Business acquisition Portfolio management Insurance & risk
Employee remuneration plan Profit improvement
Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
Passive Personal
>
... Fordham helps business owners solve their problems and plan their futures.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Estate administration Full personal care Trustee services
Retirement plan Philanthropy Intergenerational wealth plan
n ctio e t o r et p Ass
Sale of business Management & equity
Business valuation
Estate plan
Business succession plan
Superannuation
Business acquisition Portfolio management Insurance & risk
Employee remuneration plan Profit improvement
Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
our proposition ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Who do we act for?
What value do we bring?
We act exclusively for private businesses, their owners and their families. In fact we say “no” to multinationals, public companies, governments and not-for-profit organisations. It’s all about the private business owner.
We provide a depth of service that only comes through unconditional market focus. As we only work with one type of client we understand the big picture. Our approach to maintaining knowledge and skill is delivered through our client service philosophy, methodology and framework.
What do we do?
Our commitment to planning with our clients builds relationships and sets our service agenda for the future. As a result, we become their valued and trusted advisors.
We help our business owner clients ... understand and manage their businesses. Our planning methodology and active advice assists in building profit and value, managing risk, withstanding hardship, seizing opportunities, extracting wealth and ultimately, dealing with succession. We help our business owner clients ... build and protect their wealth. Our asset protection philosophy isolates business risk from personal assets and provides a framework to quietly build wealth in a structured, low risk environment. We help our business owner clients ... plan and structure their lives. Our methodology integrates taxation, wealth, retirement, investment and estate planning to ensure co-ordination of the key stages in the lives of clients and their families.
our methodology ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
How do we make this happen? We plan. Our unique planning methodology sets a long term agenda for the life cycle of the client. We build relationships. Our service structure facilitates cost effective communication and service at the appropriate levels. We drive knowledge. Our centres of excellence in taxation, business theory, economics, superannuation, motor industry, wealth accumulation, franchising and corporate finance seek to position the firm at the forefront of specialist areas of knowledge.
We understand the life cycle of the client. Our service methodology builds both the business (active) value and the personal (passive) wealth of the owner by utilising an integrated set of services throughout their lives. We have resources beyond the scope of most advisors. As part of the Perpetual Group, we have over 125 years of providing services such as trustee, executor, investment management, philanthropy, estate management, insurance and helping special case dependents.
We understand the business owner. Our people have an intricate knowledge of the workings of private business and their integration with the wealth of the owners and their families.
our risk management model ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
We think of our clients’ wealth as if it were in two separate pools.
Active Investment and lifestyle assets
Business
The active pool primarily represents the business. it reflects the excitement, the effort and the reward enjoyed by business owners as their entrepreneurial skills are put to the test. It is inherently risky too, as the owner’s attention is always required to watch for problems that can adversely affect performance and ultimately the capital value of the business.
Passive Active
asset protection ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Critical to the effectiveness of our risk management model is the construction of firewalls between those assets subject to significant risk (active) and those set aside for the future wealth and lifestyle (passive) of the owner and their family. Firewalls extend to considerations of liability of directors of trading businesses, ownership of business assets and intellectual property, retained earnings within the business, ownership of the family home, private investment structures, inter-entity loans, structure and the deeds of trusts, superannuation fund assets and even wills. Building effective firewalls well in advance of a potential disaster is the only way to quarantine passive assets from various types of risks.
the wealth journey ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Fordham has a range of services which our clients need throughout their business and personal lives.
Estate administration Full personal care Trustee services
These are highly valued services which require significant skill, experience and knowledge to deliver.
Retirement plan Philanthropy
Individually these services often impact on others and therefore cannot be undertaken in isolation, without a thorough understanding of all services in their entirety. The delivery of a service therefore requires a highly integrated approach to ensure our clients receive the best possible outcomes.
Intergenerational wealth plan
n ctio e t o r et p Ass
Sale of business Management & equity
Business valuation
Estate plan
Business succession plan
Superannuation
Business acquisition Portfolio management Insurance & risk
Employee remuneration plan Profit improvement
Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
business services ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Our business owner clients expect us to understand their business, help them with their problems, guide them in their planning, show them how to build profit and value and ultimately deal with the sale of the business. Sale of business
Fordham has over fifty years of experience helping owners with their business through good times and bad, we have a huge body of knowledge and the skills to meet any issue.
Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
owner objectives plan ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Before we commence an engagement with a new client, we run an Owner Objectives Plan with the owners and their families. In this plan, we learn about the business, the family, their lifestyle and their goals for the future. We spend time understanding the role of the business in the family’s lives, the commitment that it represents to each of them, the prospect of succession within the family and the ultimate exit strategy.
Sale of business Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan
With this context in place, we are then able to build our agenda to guide the client through their wealth journey over the many years of our relationship.
Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
accounting advice and tax management ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Central to everything we do is the provision of quality accounting and taxation services. It becomes the foundation upon which all other services depend.
Sale of business
Our Agreed Engagement Program links our clients expectations for accounting services to our production, planning and reporting processes. It ensures that clients needs are met within their fee expectations. Before we commence work addressing unexpected problems or opportunities, we communicate with the client to ensure their acceptance of the increased scope and fee.
Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
Our Taxation Management philosophy involves long term planning, utilising appropriate tax structures, without the need to resort to tax schemes. It means our clients still pay tax but at least they can sleep at night.
business planning ... By facilitating business planning with our clients, we bring together objectivity, experience, process, wisdom and actions into a quick, effective and pragmatic outcome. Business owners are invariably lonely in their business. They lack the interaction with peers and the counsel of a wise colleague. The Fordham Business Planning methodology brings together the management team of a business and openly draws out key issues such as management structure problems, cash flow concerns, margin issues, sales and marketing opportunities, shortcomings in policies and procedures or even mergers and acquisition opportunities.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
The process is drawn together with actions, timelines and responsibilities. Clients and their management teams value the opportunity to work on the business (as opposed to working within it) and inevitably engage us to regularly provide this service.
Sale of business
Through regular planning, and the actions that follow, the business value is maximised.
Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement
Wealth plan Business planning Accounting advice & tax management Owner objectives plan
Against these issues we then look ahead to where the business needs to head and identify the goals for the future. This leads to the planning for the achievement of those goals.
wealth plan ... The Wealth Plan seeks to set strategies to build wealth away from the business and protect it within passive wealth structures. Clients always want to know how much money they need for retirement. They want to know how their business can deliver this and still support their lifestyle. They want to know how the ultimate sale of the business will impact their retirement and the legacy they can leave to their children.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
The plan ensures that the passive wealth pool is subject to the same disciplines and diligence that are imposed on wealth within the business and sets the course for the evolution of the family’s needs through the passive service line of the Fordham Wealth Journey.
Sale of business Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan
The Wealth Plan brings together these issues and builds a framework for extracting and managing wealth with an appropriate risk/reward passive investment plan.
Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
profit improvement ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
No business can survive for long without making consistent profits. Business owners often lack the insight as to how to truly maximise their “bottom line”. The Fordham Profit Improvement Toolkit provides a framework to analyse a performance against a set of benchmark data for that industry segment. Using our interpretation and experience, we can identify areas requiring attention and quantify the potential benefit the client will gain through implementing the various actions. In this way, the client works with us collaboratively and is able to prioritise recommended actions according to their desired outcomes and potential benefits.
Sale of business Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
Using specifically developed KPIs, we complete the project having delivered a road map for the future reporting and management of the business.
R
Active Business
employee remuneration plan ... It is said that the people within an organisation are its greatest asset. Business owners use remuneration planning to help them attract and retain good employees. Our clients may not be familiar or knowledgeable about how to structure packages for their employees. Typically, we help by looking at tax effective remuneration alternatives which provide a benefit to the employee that will exceed the total cost of the provision of that benefit. That benefit can be passed onto the employee in order to provide an extra point of difference from other prospective employers. Remuneration planning requires understanding of fringe benefits tax, social security rules, otherwise deductible items, allowable benefits, grossing up and complexity of administration.
Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Remuneration planning may also involve the use of phantom share schemes, bonus structures, or employee share and option arrangements to ensure that key members of management are locked in and are driven to succeed.
Sale of business Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement
Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
>
business acquisition ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
The opportunity to take over a competitor’s business is a dream that many business owners regularly visit. In most cases, they need help to understand and assess the acquisition opportunity. Sale of business
Business acquisition starts with an understanding of the opportunity for the existing business. What synergy is provided by a prospective acquisition? Is it extra markets for each other’s products? Is it access to alternative sources of supply? Is it leverage or economies of scale? Is it rationalisation and capacity utilisation? The answers to these questions can quantify the look, size and price of an acquisition target.
Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
Our process then extends to helping find the target, investigation, funding advice, negotiation, liaison with legal advisors and settlement.
R
Active Business
business succession plan ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Succession means different things to different business owners. Each owner faces their own issues surrounding their business, their family and their future. Succession is about the ultimate exit of the owner from their business.
Sale of business
Preparing for succession requires long term planning to build a business structure, profit and value that is attractive to an outside investor.
Management & equity Business valuation Business succession plan Business acquisition
After succession planning, a business is usually no longer dependent on the owners day to day involvement and is more capable of being sold should an opportunity suddenly arise or should the owner be unable to perform their duties due to sickness or death.
Employee remuneration plan Profit improvement Wealth plan Business planning Accounting advice & tax management Owner objectives plan
It may be sold to the owner’s children or other family members, to management, to competitors, to private equity or perhaps some industry roll-up.
R
Active Business
business valuation ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
What’s that business worth? It’s a question asked by owners, sellers, buyers, bankers, creditors and advisors everywhere. When people are going to rely on a valuation, it needs to be right!
Sale of business
A valuation of an income earning asset such as a business is based on an assessment of the future income stream. This is capitalised according to the assessment of level of confidence in that income continuing.
Management & equity Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement
In undertaking a valuation, it is necessary to understand the drivers of future income. An analysis of historical and current earnings and the fundamental internal and external drivers of the business are combined with skill and experience to determine value.
Wealth plan Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
management and equity ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
What do owners do when they have great management that they just can’t afford to lose? They lock them in with profit and equity! Equity is that part of the business which directly affects the owner’s pocket ... whether good or bad. It takes years of hard work and risk to build value. So it rarely is just given away.
Sale of business Management & equity Business valuation Business succession plan
Equity based incentives need to work for management and owners alike. Depending on the circumstances, techniques like profit share and incentives may suffice. More likely, real equity may need to be offered by way of sale of shares or options. Considerations of price, funding, taxation, asset protection and ongoing business governance are important. Inevitably, an equity holder agreement needs to predetermine future decisions in respect of equity in the event of falling out, sickness, death or sale negotiations.
sale of business ... The sale of the client’s business represents a once in a lifetime opportunity to add substantially to the family’s wealth. To maximise this opportunity, takes planning. How does the owner maximise the price of the business?
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Once the decision has been made to proceed, there is planning around how to present the business in an Information Memorandum, how to market the business and approach specific targets, how to conduct the sale process and how to negotiate and deal with interested parties.
Sale of business Management & equity
Typically, that starts many years before. It starts by looking at how the business is structured and run. By putting attention into management, margins, sales and marketing, supply contracts, building competitive advantages and reducing the dependence on the owner, a significant increase in the business value (and often current day profits) can be achieved.
The sale process continues through to settlement, final accounting and ultimately investment management.
Business valuation Business succession plan Business acquisition Employee remuneration plan Profit improvement Wealth plan
Business planning Accounting advice & tax management Owner objectives plan
R
Active Business
owner services ...
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Estate administration Full personal care Trustee services Retirement plan Philanthropy Intergenerational wealth plan Estate plan Superannuation Portfolio management Insurance & risk Wealth plan
R
Passive Personal
wealth plan ... Many business owners have always had all of their wealth tied up inside the business. If it goes bad, they can lose it all! The Wealth Planning process uses the Risk Management Model to look at wealth in the active and passive pools. Strategies are put in place to progressively extract wealth from the business and to direct it in alternative structures that are free from the risks associated with the business.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
In this way, the owner does not need to rely on the ultimate sale of the business to fund their retirement, and therefore any business sale proceeds will merely be seen as an added bonus.
Estate administration Full personal care Trustee services Retirement plan
The Wealth Plan also sets the path for the engagement of other services in the passive service line.
Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk
It is important to understand how much money is needed by the owner for retirement.
Wealth plan
This enables the development of an investment strategy which will see the passive wealth pool grow and meet the required target without the need to take undue risks. R
Passive Personal
insurance and risk ... At some point, most business owners are comfortable with their retirement strategies and succession plans. Their business will most likely deliver the wealth they need to retire securely and protect their lifestyles. But misadventure can bring about an unplanned succession. Through illness and death of family members and key personnel within the business, the ability to fulfil plans can become impaired. Moreover, most business owners have debt both within the business and in their personal lives. The business needs the owner’s ongoing active involvement so that the income stream is not at risk. If the business health is at risk, so are the family’s lifestyle and assets.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
To integrate a strategy to identify and mitigate various risks requires an understanding of the interfaces of all stakeholders to the business, including financiers, bankers, suppliers, clients, employees, partners and landlords, together with the needs of the family. Now and potentially long into the future.
Estate administration Full personal care Trustee services Retirement plan Philanthropy Intergenerational wealth plan
An Insurance Plan brings all of these issues together with a recommended
Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
R
Passive Personal
portfolio management ... For many business owner clients, the management of their investment portfolios is not nearly as disciplined and diligent as the management of their business!
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
We deliver a fully transparent portfolio management service and we pride ourselves on having a simple, clear and reasonable fee structure, with no commissions.
Estate administration Full personal care Trustee services Retirement plan
The management of investments starts with an understanding of the goals, objectives and risk profile of the client. This enables the development of an investment strategy (Statement of Advice) which assists our clients to decide how their passive funds will be invested and managed. Each client is unique and so all of our clients have their own asset allocation and diversification of investments within each asset class. We leverage the scale and research strength of the Perpetual Group for selecting investments across Australian and overseas share, property and bond markets.
All clients receive regular investment reviews, communications and ongoing meetings with our advisors.
Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
R
Passive Personal
superannuation ... “My business is my superannuation.” We hear this all the time. Business owners understandably focus their efforts almost exclusively on their businesses. The only need for assets outside the business are lifestyle assets, almost always acquired with debt. This means that all of the “eggs” remain in the risky “business” basket effectively throughout their lives. Their future is solely dependent on the ongoing good fortune of their business. The Fordham Wealth Plan helps owners extract wealth away from the business and invest into superannuation, often through a self managed superannuation fund (SMSF). In this environment, their wealth can be protected from the risks of the business and can accumulate quietly, in a tax effective structure.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Not only are original contributions deductible (subject to limits), but ongoing income is taxed at low rates and once in pension mode (from age 60), the fund becomes completely tax free.
Estate administration Full personal care Trustee services Retirement plan
Fordham helps clients wisely invest their money and attends to all aspects of administration, record keeping and compliance, including lodging returns.
Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
R
Passive Personal
estate plan ... Estate Planning means bringing together all of the corporate, legal, financial and personal aspects of an individual or couple’s lives. Surprisingly, like 45% of all Australians, many of our new clients have no wills. They leave the determination of their estate to the formulas set out by law. And, most people are surprised to discover how the law allocates an estate where there is no will. It almost never matches their wishes. Wills do not cover assets held by trusts or superannuation funds where much of a client’s wealth (such as their business) may be owned. Proper estate planning looks at the continuity of the business, impact on business partners, taxation effects of death, commercial and matrimonial risks of survivors, the needs of dependents, legacy to the next generation, impact of the proposed beneficiary predeceasing, control
Our methodology > Our risk management model > Asset protection > The wealth journey begins >
clauses within trusts and the current and future corporate structures in the client group.
Estate administration Full personal care Trustee services
Our work is to plan with the client their intentions and to brief specialist lawyers who pull together the legal framework around the plan.
Retirement plan Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
R
Passive Personal
>
intergenerational wealth plan ... In 1890, Commodore Vanderbilt died as the richest man in the world. He had more money than the US government. By the end of the 1920’s, there was not a millionaire left among his heirs. Business owners work all of their lives to generate income to support their family’s lifestyle and build wealth. Much of that wealth will be passed onto the next generation. The challenge is to structure this transition so that this wealth remains protected, well managed and does not destroy the heir’s lives.
our clients can ensure that their children can be protected from themselves. Through this process we look at the types of legal and trust structures which provide protection and guidance where needed. Other considerations include handing over the business, advancing money for first homes, building personal values and a community ethic, mitigating taxation, assisting
potential grandchildren, and protecting beneficiaries from insolvency or the potential consequences of divorce.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Estate administration Full personal care
Trustee services Retirement plan Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk
The media often reports on the broken lives of the children of famous people where access to vast sums of money has destroyed their lives. It is a very real fear for business owners who look at the substantial wealth they have quietly created. Our planning process considers how a client might transfer some of their wealth before they die, how they might educate their children as to how to manage their new found wealth and importantly, how
philanthropy ... There are times in people’s lives when they want to do more than just donate. They want to make a real difference. It is not just the mega-wealthy people in our community who take giving seriously. Other people also seek to establish an enduring process that can target a special place in their hearts. Sometimes, people seek to contribute to the greater good in our society. Recognising and rewarding people who achieve in the sciences, medicines, environment, sports or arts. By establishing a charitable foundation in the business owner’s own lifetime, or perhaps establishing a program within the Perpetual Foundation Charitable Gift Fund (with as little as $20,000), they create an enduring mechanism where funds can be directed to those causes that they (and their family) consider most deserving.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
We can assist our clients to assess which charitable structure is most effective for their needs, help them establish it and then work with them to assist in their grant making process.
Estate administration Full personal care Trustee services Retirement plan
These legacies are usually established tax effectively and funds are invested for the long term. The ongoing level of involvement is flexible and the giving tradition continues for generations.
Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
R
Passive Personal
retirement plan ... Retirement planning brings together all of the components of wealth planning, exit strategies, estate planning and investment management. It also looks at lifestyle after the business. For most business owners, their business is their world. It represents something to do every day, it provides mental stimulation and it has become their identity. Take it away and they can feel a terrible loss. Part of the retirement planning strategy looks ahead at the future needs of the client, not just their monetary needs. What do they love to do? How can they substitute their current 80 hours a week and minimal personal life? What happens when they become bored with overseas holidays? What serious community, professional, sporting or hobby based interest should they start building now? Are they interested in Board level appointments?
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Properly structured, these types of financial and non-financial concerns are dealt with in retirement planning. Properly executed, the years after exiting their business will be secure, well funded and, best of all, meaningful and fun!
Estate administration Full personal care Trustee services Retirement plan Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
R
Passive Personal
trustee services ... Most business owners employ trusts to manage their business, their superannuation and their investments. Their flexibility, longevity, tax efficiency and adaptability lends trusts to a wide range of additional applications. A trust is an arrangement set by a trust deed and administered by a trustee on behalf of specified beneficiaries. Most commonly, discretionary (family), unit and hybrid trusts are used to hold investment portfolios or run businesses. They provide well known protection, taxation, succession and management benefits.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Charitable trusts are used to tax effectively receive deductible capital payments in a secure environment and provide enduring benefits for eligible recipients.
As part of the Perpetual Group we can act as a formal, professional trustee for any form of trust. Often this removes a burden from family members.
Estate administration Full personal care
Trustee services
Retirement plan
Compensation trusts are used to safeguard significant settlements for injury to ensure sufficient funds are available for income, medical needs and adaptive requirements.
Philanthropy Intergenerational wealth plan Estate plan Superannuation
Finally, protective trusts can help earmark funds for specific purposes or access, particularly for disadvantaged or spendthrift beneficiaries.
Portfolio management Insurance & risk Wealth plan
Superannuation funds are also forms of trusts and are very popular investment vehicles for successful Australians. Testamentary trusts are commonly incorporated into estate planning and are created through a will upon the death of a person. They provide strong asset protection, succession and taxation advantages.
full personal care ... Sadly, there are members of our community who do not have the capacity to look after themselves or their money. In many cases, these people are well cared for by their families and local community. But these carers are often well aware that this care remains dependent on their own well being and abilities. Where do they turn to seek professional support when they can no longer provide it or they are no longer here?
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Services range from investment strategies, taxation, paying household and medical expenses, ongoing day to day management, settling health management strategies, reorganisation of assets and even estate planning.
Estate administration Full personal care Trustee services Retirement plan Philanthropy
For those who are responsible for the care of these special people, it is good to know that there is a team of people who will always be there to look after their loved one.
Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk
And for some dependent people, that need exists now and that care is already missing. As a formal trustee, Perpetual can be appointed to deliver these services, which commence with planning care with the trusted advisors, family members, legal representatives and statutory authorities who have an interest in the client.
estate administration ... Most business owners have highly complex business, legal and financial structures. Yet they often nominate their loved ones to sort it all out when they are gone. Very few people know or understand the duties and risks of being an executor. There are a series of steps to be undertaken: locating the will, organising the funeral, locating beneficiaries, locating and protecting the deceased’s assets, preparing statements of assets and liabilities, gaining probate, selling assets to repay liabilities, keeping accounting and tax records, distributing assets, establishing trusts and winding up the estate.
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Sometimes it is better to nominate a professional executor to a will. They bring impartiality, expertise, continuity and assurance. And peace of mind.
Estate administration Full personal care Trustee services Retirement plan
It’s also possible for named executors to pass their responsibility over to Perpetual, on a fee for service basis.
Philanthropy Intergenerational wealth plan Estate plan Superannuation
Portfolio management Insurance & risk Wealth plan
That’s a lot of work even for simple estates, but made more difficult when they are complex or worse still, where there is a family disagreement. R
Passive Personal
Our proposition > Our methodology > Our risk management model > Asset protection > The wealth journey begins >
Fordham Business Advisors Pty Ltd
ABN 77 140 981 853 Liability limited by a scheme approved under Professional Standards Legislation
Level 35, Rialto South Tower, 525 Collins Street, Melbourne Victoria 3000 +61 3 9611 6611 fordhamgroup.com.au
