On the 16th and 22nd of October, The Investment Collective hosted Client Seminars in Melbourne and Rockhampton. The seminars brought together clients to explore the important topic of how you can help your adult children financially. This is a common question that our clients ask us, and so it was not surprising that we had record-breaking attendance at both events. Each seminar hosted over 50 clients who enjoyed an in-depth market and economic update, followed by panel discussions focused on providing practical tips to guide their children while safeguarding their own financial wellbeing.

Kicking off the client seminars was an update on Australian and Global Markets presented by Danny Wong (Manager, Research, Alteris Financial Group). Danny’s presentation provided attendees with insights into various industry trends, highlighted current economic opportunities, and discussed potential prospects.

We were very fortunate to have Chris Hill (Senior Lawyer, Hill Legal and Inherit Australia), Katina Kyreakou (Special Counsel, Swanwick Murray and Roche Lawyers) and our financial advisers Cheng Qian, Liz Whalley, and Allan McGregor, join our panel discussions.

The panel explored pre-inheritance and the “Bank of Mum and Dad,” covering topics such as gifting money to children or grandchildren, setting up loans, and understanding the differences and implications of each option. Chris and Katina also discussed the importance of contracts when financially assisting children, as well as the value of clear communication and setting expectations throughout this process. Additionally, the panel emphasised the importance of regularly reviewing estate plans and shared common considerations they encounter when working with families.

‘’Watch and be aware, things change. Family gifts/loans are very complex – get advice!’’ – Event Attendee

Thank you to everyone who joined us, and to our speakers for sharing their wealth of knowledge with all in attendance. We look forward to hosting our next client seminars in the new year and continuing to provide a platform for clients, staff, and guest speakers to come together and discuss important financial topics.

Discussing financial education and practical tips with your financial adviser can help you create a roadmap that supports your children’s financial future while ensuring your own financial wellbeing remains secure. If you have a friend or family member who could benefit from personalised financial advice and education, please reach out to us—we’re here to help.

The Investment Collective is pleased to announce expansion into Gladstone, Queensland effective 1 November 2020.  The Gladstone acquisition is an existing business with two staff, who currently tend to the personal financial needs of 50 clients.

“The new office location will give us an opportunity to interact with a different set of clients and allow us to continue towards our goal of becoming known as a leading and progressive financial services provider across the east coast of Australia,” says David French, Managing Director of The Investment Collective.

Part of The Investment Collective’s business growth plan involves finding complementary acquisitions. It is important however, to ensure that any acquisitions will fit with our ethos and allow us to continue providing our clients with the quality service they have come to expect.

Some important information regarding the Gladstone office:

• Situated just south of the Tropic of Capricorn, Gladstone is a progressive city with a population of about 60,000 and an economic base focused on heavy industry and shipping.
• Formerly Godfrey Pembroke, operations under The Investment Collective will begin on 1 November 2020, with the business operating from 2/136 Goondoon Street, Gladstone.
• The acquisition comes with two staff, one a financial adviser the other an experienced administrator. Both staff are key to ongoing operations

“Gladstone is an incredibly important industrial hub and recent investment in new social infrastructure really highlights the attraction of the city.  We’re very excited to now have a proper base there, staffed by competent locals” says David French.

If you have any queries regarding operations or business continuity at the Gladstone office please call 1800 679 000 or email us at enquiries@investmentcollective.com.au.

Last month The Investment Collective participated in a course organised by the Australian Centre for Business Growth (ACBG), which is part of the University of South Australia. The course is designed to help businesses develop soundly structured business plans designed to achieve outstanding growth results. The first module of the course was in February. There are a further two modules in May and October of this year. Attendance at the course is by invitation only and followed a one day course that David attended late last year. Based on that, the ACBG must have thought it was worth spending their time on us!

Over the last few years, our business has been performing well. However, we’ve arrived at a point where further meaningful growth requires some changes in how we go about things. We do want to significantly grow our business, and our attendance at this particular course is not a ‘trial run’. It’s the real thing.

The course was also attended by five other businesses, all as keen as us to learn of and adopt effective means to significantly grow their businesses. Also, attending the course were a number of management consultants. Individuals who’ve been ‘around the block’ in building businesses and who, as a result, had a wealth of experience and insights to share.

On day three of the February module, each of the six participating businesses had to present their broad 3-year growth plan, together with a 90-day action plan.

There was one prize: ‘Most Ambitious Goals at Module 1’, which was, by unanimous vote, awarded to The Investment Collective. That was the easy part. Now we have to deliver!