Good Advice, Good Value, Good People

Archive for financial advice

Property Leadership Team Prepares for Expanded Role at AMP Capital

When we provide financial advice to our clients in the Perth area, we use every resource we have at our disposal. One of our best resources is the property leadership team of our parent company, AMP Capital.

Recently, AMP Capital announced that they are expanding their property leadership team. Luke Briscoe has been appointed as Managing Director, Office and Industrial. Louise Mason has been appointed as Chief Operating Officer. They will report to Carmel Hourigan, who is the Global Head of Property for AMP Capital.*

Financial Advice Providers Annouces Property Leadership Team Expands

Ms Mason’s role will be to manage the Property business operations, while managing the teams who are responsible for mixed use strategies, business asset creation and office development pipeline. One of her duties will be to deliver premier opportunities for development to clients of AMP Capital, such as Quay Quarter Sydney.*

Mr Briscoe will now assume responsibility for one of the leading industrial and commercial property portfolios in Australia. He will ensure that clients of AMP Capital Office and Industrial continue to receive outstanding investment performance.*

Mr Briscoe has more than 20 years’ experience in the property industry, ranging across property investment disciplines such as asset management, funds management, leasing and agency. This experience has provided Mr Briscoe with strong expertise coming from intimate knowledge of the industrial and office sectors.*

According to Ms Hourigan, these appointments reflect a strong commitment on the part of AMP Capital to create value for their clients.*

Ms Mason has already assumed her new position while Mr Briscoe, who is currently Charter Hall’s Head of Asset Management for Office, will join later in the first quarter of 2016.*

Call Approved Financial Planners in Perth

We applaud the additions of Ms Mason and Mr Briscoe and welcome them aboard. It is people like them who allow us to provide you with the best in financial advice.

To learn more or for an obligation-free personal consult, call Approved Financial Planners today: 08 6462 0888.

*AMP Capital. “AMP Capital expands its Property leadership team.” 29 January 2016.

Tips for Maximising Your Tax Return

It’s that time of year again. Financial advisors and accountants in Perth are busier than ever, helping advise clients what and what not to deduct on their tax returns. We would like to provide a few general tips here. Remember: this does not constitute any individual or direct financial advice. That can only be done by a meeting with a licensed financial planner in our Perth office.

Anyway, here are some tips that may help you out.

Maximising Your Tax Return

Home Study

If you are learning a new skill at home and it is directly related to your ability to earn an income, you may be able to claim a percentage of the expenses incurred during self-education.

Work Uniforms

If your job requires you to buy work uniforms, you may be able to claim both the purchase and cleaning of the uniforms.

Investment Property

We hope your investment property is in the hands of a good financial planner, accountant and property management team. But if it isn’t, remember that you may be able to deduct a lot of expenses such as marketing costs, advertising costs, utility bills and pest control fees.

Work at Home

If you work at home, you may be able to deduct a lot of expenses. These include utility bills, costs for cleaning, lighting, heating and cooling. If you have work equipment such as a home computer and are paying off a loan for it, you may be able to claim the interest.

Your Super

Your super may provide a lot of tax benefits that you don’t know about. If you make up to $1,000 in after-tax contributions to your super and you are classified as a “low to middle income earner,” you can receive up to $500 in Government contributions.

Nothing Beats Professional Advice

These tips are general in nature and don’t constitute professional advice. If you would like professional advice from a qualified financial planner in our Perth office, call us today: 08 6462 0888.

AMP Chief Questions Industry Definition of “Financial Advice”

At Approved Financial Planners, we offer financial planning and other services to residents in the Perth area and across WA. We now have the benefit of having AMP Australia as a parent company. We chose to partner with AMP because they embody the same commitment to professional, ethical service that we do.

Industry Definition of Financial Advice

We are on the side of high standards for the entire financial planning and financial advising industry, making AMP the perfect parent company for us. Consequently, we were proud to hear of remarks made by AMP Limited CEO Craig Meller recently, addressing what our industry currently defines as “financial advice.”

Mr Meller was speaking about vertical integration, a model practised by AMP. During the speech, the subject of financial advice arose. He questioned the nature of financial advice as practised by many in the industry. According to Mr Meller, “Too many…self-interested parties…dumb down the definition of financial advice to (only include) product selection.” *

Mr Meller would go on to opine that this kind of “advice” was usually meant to “justify a certain position” and that it is “a million miles away from where the true value of advice lies.” *

Mr Meller stressed the point that vertical integration was a business model that had enabled AMP to not only provide more services, but to raise standards as well. Using the vertical integration model, AMP has been able to invest more money in financial advice and bring more financial advisors into the industry than any other financial services organisation. *

Mr Meller also remarked that the business model of vertical integration enabled AMP to train financial advisors to higher standards than industry norms and then stand behind that advice. He would go on to mention that AMP supports higher standards for the financial services industry, especially pertaining to entry-level standards. *

To learn more about Approved Financial Planners and AMP, call 08 6462 0888.

*Money Management, 30 September 2014. “Advice about more than product selection.”