financial planners mackay

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“When you have confidence, you can do anything.”
Sloane Stevens

Our Service for your enquiry “financial planners mackay”

Don’t be fooled into thinking that all financial planning advice is generic and suits everyone. At Alman Partners we recognise that each client has unique needs hence why every investment and retirement plan is personally created by our experienced team for each client based on their individual needs and financial situation. As a fiduciary investment advisor, we always ensure our client’s business interests are at the forefront when creating their financial plan. You can feel safe knowing your hard earned savings are being invested without conflicts of interest.

Why you should choose an accredited investment fiduciary
Planning, research and diversification are the keys to successful investing. These are the principles that will help you find investments appropriate to your risk tolerance and time frame. Hiring an accredited fiduciary investment manager can help you reach your financial goals sooner.
A fiduciary financial advisor is someone who takes on responsibility for managing other people’s assets. They, therefore, occupy a position of trust and must be reliable while maintaining client confidentiality. Fiduciary investment advisors are held to the highest conduct standards. These are among the oldest, strongest, and most revered legal standards.

  • Financial advice
  • Comprehensive financial planning
  • Private wealth management
  • Wealth Creation
  • Retirement Planning
  • Asset protection
  • Wealth Management

“Successful investment is about managing risk, not avoiding it.”
Benjamin Graham

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Financial Planning

Alman Partners can help you and your family achieve financial security through our tailored financial solutions. Specialising in business and personal financial planning, we can provide you with a high probability of achieving your financial dreams.

Our team has expert knowledge and experience in the following areas:

  • Wealth accumulation
  • Tax planning
  • Gearing
  • Insurance
  • Finance and loan structures
  • Loan consolidation
  • Redundancy planning
  • Estate planning
  • Cash flow and budgeting

financial planners mackay?

Alman Partners True Wealth is a specialist wealth management firm located in Mackay and Brisbane. Since 1985 we have been leading, educating and inspiring our clients to achieve their most important goals.

Retirement financial planning | financial planner | wealth creation

The best time to plan for your retirement is well before you actually retire! Our clients can gain maximum benefits when they plan for their retirement while still working. All Alman Partners’ financial planners are experienced to help clients set achievable financial goals that will allow them to enjoy their desired lifestyle well into retirement. As one of the most reputable financial advisors in Mackay, Alman Partners has the expertise to assist clients with their wealth creation for a healthy financial future.

What Is a fiduciary financial advisor?
A fiduciary financial advisor is required to represent their clients objectively, making investments without factoring in their own compensation. Many services offered by fiduciary and financial advisors are the same, including investment management and portfolio recommendations. There are, however, two big differences when you use a fiduciary advisor. The compensation structure is different and there is a legal requirement for fiduciaries to put your interests first.
Financial advisors who aren’t fiduciaries are permitted to charge commissions on the investments products they sell to their clients. While non-fiduciaries are required to sell appropriate, suitable investments to their clients based on individual client circumstances, they are not compelled to put their clients’ interests first. Using a fiduciary investment advisor is important when you are planning to give your advisor discretionary control over your account. This might happen if you aren’t sure exactly what you need, but know that you want sound, objective advice.
What is a fiduciary duty in Australia?
Fiduciary duty is a legal obligation for one party to act in the best interests of another. The fiduciary has a legal responsibility to put the interests of the other party ahead of their own and must preserve good faith and trust. If you’re wondering about your advisor, ask them directly what standard they are held to and have them provide their answer in writing.

As many fiduciaries are based in capital cities, you may be wondering “are there any fiduciary investment advisors near me?” The good news is that Alman Partners True Wealth has offices in Brisbane and Mackay and is and accredited Financial Planning Association of Australia Professional Practice.

When to use a fiduciary advisor?
There are few reasons to not use a fiduciary to manage your investments. If you want someone who has the ability to make transactions and purchases on your behalf, as well as providing advice, then you will need a fiduciary. Even if your only goal is to gain unbiased investment recommendations, an accredited fiduciary is a far better bet than a financial advisor.
What is investing?
Investing is purchasing assets or securities expecting to generate a profit, forming part of an overall wealth management strategy. You can invest in ventures, such as start-up businesses, or in assets, such as purchasing real estate, with the intent of selling after property values increase. Other investment activities can include investing in shares, bonds, derivatives, exchange-traded funds (ETFs), hedge funds and other managed, strategic investments. Investments can be made in publicly traded companies or through private equity.
• Risk and return go hand in hand. Low risk will almost always mean lower returns while higher risk will bring higher returns, but with a greater risk of those returns not being realised.
• The type of returns generated depends on the asset, some stocks pay quarterly or annual dividends, while others pay no dividend at all, instead returns are made upon sale of the stock.
• Investors can take the do-it-yourself approach or employ the services of a professional wealth manager such as Alman Partners. Wealth managers typically offer a variety of engagement levels, the more active the management level, the higher the manager’s fee.
How to invest
Do-it-yourself investing
The majority of investors who prefer a hands-on approach to money management will have accounts at discount, usually online, retail brokerages with low commissions and an easy-to-use trading portal. This kind of DIY activity requires extensive market knowledge and financial savvy to be consistently profitable.
Professionally-managed investing
Professional wealth managers take all the hard work out of looking after your assets and there is no need for you to understand the world of high finance. Wealth management professionals normally charge clients a percentage of the total assets under management as their fees. While this kind of professional money management is involves higher fees than the DIY approach, it is much more convenient and can carry less risk as the difficult elements requiring experience and special skills such as research and decision making is left to an expert such as a Alman Partners.

FAQs

What does a Trusted Financial Adviser do?

A ‘Trusted Adviser’ will always put your best interests first. The most important first step is to gain an understanding of your values around money, then clarifying what your most important goals are. Then we move onto where you are financially and start to chart where you need to be.

What should I look for in a Financial Adviser?

Definitely look at their professional qualifications and how long they have been advising clients in your area. Also in our view, someone who is not aligned with any product providers including banks or insurance companies. Do your homework; you want your Adviser to be your personal fiduciary.

Why do I need a financial plan?

Imagine getting into a taxi and telling the driver you don’t know your destination and to just drive. There is a good chance you will not end up where you really wanted to be. Having a comprehensive financial plan is a roadmap directing your decisions around what is important to you about money. A robust financial plan will clearly identify your most important goals and objectives, then provide a number of strategies to achieve them. Some practical aspects may cover cashflow management, debt management and reduction, investment advice, asset allocation, personal insurance protection and estate planning issues.

How much do you charge and what do I get?

Alman Partners charges our clients a fee for service paid directly by you. There are three components to our fees:

  • Initial Meeting fees are generally $330, however, if you have been referred to our firm from one of our clients or professional associates this meeting will be complimentary.
  • Construction & Implementation of Statement of Advice. Should you decide to engage us to provide you with a comprehensive Statement of Advice, we will charge you a one-off fee which will be quoted to you in a detailed Terms of Engagement document.
  • Lastly, our clients generally retain our firm to provide ongoing review and advice over many years. This fee will be disclosed in our Terms of Engagement so you can make an informed decision.


If you would like more information, please refer to our Financial Services Guide.

Why do I have to provide so much personal information?

You can choose to provide us with a clear understanding of your current position prior to our first meeting, or you can come in for the first meeting and get to us before deciding to provide personal information. This will most likely require a second meeting so we can put together some concept ideas to outline the value we believe we may be able to provide. This second meeting is generally complimentary.

Am I obligated to continue with Alman Partners after the first meeting?

No. Hopefully you will leave this meeting more knowledgeable and with a clearer picture of what actions you must take.

After the plan has been implemented, what happens next?

Depending on the complexity of your situation, we will offer to meet you once or twice a year for a review of your portfolio. At these meetings, we will discuss your overall financial strategy, performance and product costs, all while ensuring we are targeting towards your goals. Should you have any queries or changes that occur to your situation outside of these meeting times, your Adviser is always available to discuss this with you.

When do I need to update my Financial Adviser?

It is always best to inform your Financial Adviser of any major changes to your financial situation. This way we can ensure that your financial plan is on track and you are in the best position to achieve your goals. It is best to update your Adviser when you have a change in employment, receive a large pay increase, receive an inheritance or pay out a loan.

Do I need to come into the office for meetings?

We understand that making a visit to our office is not always possible, especially when you do not live in Mackay or Brisbane. We cater for all meeting types – face to face, phone only (with any relevant documents posted or emailed) and web-based meetings.

Do you have parking facilities?

Yes. There is plenty of parking available in our off-street car park accessible from 8 Brisbane Street, Mackay. We also have 3 car parks available next to our entrance for those with mobility issues.

For our Brisbane clients, we will arrange for a secure car park for your appointment in a nearby parking lot.

What our clients say about us.

Greg & Carolyn

We have always had advice from Frances that has been explained in a well structured manner to our level of understanding. We have never felt pressured to make quick decisions and have been re-assured many times that directions we have taken have been backed by sensible reasoning. I am now happily retired at 60 yrs of age with great thanks to Frances and the Alman team.

John

We are very happy with our experience with Alman’s, the team has been very welcoming and have answered our never ending list of questions. The communication and meetings when needed have been just right for us to continue to feel comfortable and confident in the advice we are receiving.

Melissa

John & Carol

Rowena & Nick

I can highly recommend Alman Partners as a firm who has the best interests of its clients front and centre of all they do. Their expertise and integrity are second to none. They certainly give me peace of mind in all my dealings with them, exploring any questions I may have and educating me in anything I need to know in order to make an informed decision. I know my investments will be secure and will help me reach my life goals.

Mara

We have been blessed to have Paul from Alman Partners to continually advise and handle all aspects in planning our financial security in retirement, tidying up Estate Planning, Family Trusts, Self-Managed Super Funds, Insurances etc. thus allowing us to focus on running a busy, successful business and raising our daughters. After having a bad experience with a previous financial adviser, Paul’s job has not always been an easy one but his professional, ethical and caring demeanor elicited our trust and respect and we gladly recommend Paul and Alman Partners to our many friends and business associates whenever possible.

Harley & Carol

In general, you probably hear about things that go wrong or don’t meet someone’s expectations fairly quickly, however, good feedback can be slow in coming. I must say Niyati that we have found working with you very enjoyable and we have developed a great respect for your knowledge and advice.

Tony & Lindy

7 or 8 years ago we decided to make an appointment to visit Alman Partners in Mackay in regards to our financial future. After a very professional in-depth presentation we made the decision to accept their proposal, a decision we have never regretted. We left their office full of confidence that our future was in good hands.

John & Desley

Lenore & David

We are very grateful that our association with Alman Partners began over 22 years ago. Their expert advice and guidance over that time is enabling us to live our life exactly as we want, at a time when we are still healthy and young enough to be able to enjoy ourselves with no concerns about our financial future.

Barry & Carol

Along with in-person meetings at our Mackay or Brisbane offices, we also can meet anywhere in the world using online video conferencing. If you are looking for a specialised firm to assist you with “financial planners mackay”  than you have come to the right place.

Where can I get advice regarding financial planners mackay?

Alman Partners Mackay Office
Street Address
8 Brisbane Street,
Mackay Qld 4740
(07) 4957-2572

Alman Partners Brisbane Office
Street Address
Level 6, 307 Queen Street,
Brisbane City Qld 4000
(07) 3112-7880

Alman Partners Head Office is located in Mackay, QLD.

Is a city in the Mackay Region upon the eastern or Coral Sea coast of Queensland, Australia. It is located nearly 970 kilometres (603 mi) north of Brisbane, on the Pioneer River. Mackay is nicknamed the sugar capital of Australia because its region produces greater than a third of Australia’s sugar.

There is inconsistency not quite the location of Mackay past most people referring to it as a part of either Central Queensland or North Queensland. Indeed, much confusion lies within the Queensland Government, with meting out services swine provided through both Townsville (North Queensland) and Rockhampton (Central Queensland). Generally, the Place is known as the Mackay–Whitsunday Region.

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Moneysmart.gov.au states the following advice around Investing:

Golden rules of investing

  • Pay off your debts first — pay off any loans, like a credit card or personal loan, before you invest.
  • Have emergency savings — aim to have enough set aside to cover three months’ expenses, so you won’t have to sell an investment if you need cash quickly.
  • Develop an investing plan — define your financial goals, risk tolerance and investment time frame.
  • Research different asset classes — understand the risks and returns, and how they can help you reach your financial goals.
  • Diversify your investments — spread your money across and within asset classes to lower your portfolio’s risk.

Keep track of your investments — review them regularly and make sure you’re on track.

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Investopedia.com.au states the following advice around Investing:

Types of investments

While the universe of investments is a vast one, here are the most common types of investments:

Stocks

A buyer of a company’s stock becomes a fractional owner of that company. Owners of a company’s stock are known as its shareholders and can participate in its growth and success through appreciation in the stock price and regular dividends paid out of the company’s profits.

Bonds

Bonds are debt obligations of entities, such as governments, municipalities, and corporations. Buying a bond implies that you hold a share of an entity’s debt and are entitled to receive periodic interest payments and the return of the bond’s face value when it matures.

Funds

Funds are pooled instruments managed by investment managers that enable investors to invest in stocks, bonds, preferred shares, commodities, etc. The two most common types of funds are mutual funds and exchange-traded funds (ETFs). Mutual funds do not trade on an exchange and are valued at the end of the trading day; ETFs trade on stock exchanges and, like stocks, are valued constantly throughout the trading day. Mutual funds and ETFs can either passively track indices, such as the S&P 500 or the Dow Jones Industrial Average, or can be actively managed by fund managers.

Investment trusts

Trusts are another type of pooled investment, with Real Estate Investment Trusts (REITs) the most popular in this category. REITs invest in commercial or residential properties and pay regular distributions to their investors from the rental income received from these properties. REITs trade on stock exchanges and thus offer their investors the advantage of instant liquidity.

Alternative investments

This is a catch-all category that includes hedge funds and private equity. Hedge funds are so-called because they can hedge their investment bets by going long and short on stocks and other investments. Private equity enables companies to raise capital without going public. Hedge funds and private equity were typically only available to affluent investors deemed “accredited investors” who met certain income and net worth requirements. However, in recent years, alternative investments have been introduced in fund formats that are accessible to retail investors.

Options and derivatives

Derivatives are complex financial instruments that derive their value from another instrument, such as a stock or index. An option is a popular derivative that gives the buyer the right but not the obligation to buy or sell a security at a fixed price within a specific time period. Derivatives usually employ leverage, making them a high-risk, high-reward proposition.

Commodities

Commodities include metals, oil, grain, and animal products, as well as financial instruments and currencies. They can either be traded through commodity futures — which are agreements to buy or sell a specific quantity of a commodity at a specified price on a particular future date — or ETFs. Commodities can be used for hedging risk or for speculative purposes.

Comparing investing styles

Let’s compare a couple of the most common investing styles:

Active versus passive investing: The goal of active investing is to “beat the index” by actively managing the investment portfolio. Passive investing, on the other hand, advocates a hands-off approach, such as buying an index fund, in recognition of the fact that it is difficult to beat the market consistently.

Growth versus value: Growth investors prefer to invest in high-growth companies, which typically have higher valuation ratios such as Price to Earnings (PE) than value companies. Value companies have significantly lower PEs and higher dividend yields than growth companies because they may be out of favour with investors, either temporarily or for a prolonged period of time.

Brief history of investing

While the concept of investing has been around for millennia, investing in its present form traces its roots back to the period between the 17th and 18th centuries, when the development of the first public markets connected investors with investment opportunities. The Amsterdam Stock Exchange was established in 1787, followed by the New York Stock Exchange (NYSE) in 1792.

Industrial revolution investing

The Industrial Revolutions of 1760-1840 and 1860-1914 resulted in greater prosperity as a result of which people amassed savings that could be invested, fostering the development of an advanced banking system. Most of the established banks that dominate the investing world began in the 1800s, including Goldman Sachs and J.P. Morgan.

20th Century investing

The 20th century saw new ground being broken in investment theory, with the development of new concepts in asset pricing, portfolio theory, and risk management. In the second half of the 20th century, many new investment vehicles were introduced, including hedge funds, private equity, venture capital, REITs, and ETFs.

In the 1990s, the rapid spread of the Internet made online trading and research capabilities accessible to the general public, completing the democratization of investing that had commenced more than a century ago.

21st Century investing

The bursting of the dot.com bubble—a bubble that created a new generation of millionaires from investments in technology-driven and online business stocks—ushered in the 21st Century and perhaps set the scene of what was to come. In 2001, the collapse of Enron took centre stage, with its full display of fraud that bankrupted the company and its accounting firm, Arthur Andersen, as well as many of its investors.

One of the most notable events in the 21st Century, or history for that matter, is the Great Recession (2007-2009) when an overwhelming number of failed investments in mortgage-backed securities crippled economies around the world. Well-known banks and investment firms went under, foreclosures surmounted, and the wealth gap widened.

The 21st Century also opened up the world of investing to newcomers and unconventional investors by saturating the market with discount online investment companies and free-trading apps, such as Robinhood.

Investing versus speculation

Whether buying a security qualifies as investing or speculation depends on three factors:

  • The amount of risk taken on: Investing usually involves a lower amount of risk compared with speculation.
  • The holding period of the investment: Investing typically involves a longer holding period, measured quite frequently in years; speculation involves much shorter holding periods.
  • Source of returns: Price appreciation may be a relatively less important part of returns from investing, while dividends or distributions may be a major part. In speculation, price appreciation is generally the main source of returns.

As price volatility is a common measure of risk, it stands to reason that a staid blue-chip is much less risky than a cryptocurrency. Thus, buying a dividend-paying blue chip with the expectation of holding it for several years would qualify as investing. On the other hand, a trader who buys a cryptocurrency to flip it for a quick profit in a couple of days is clearly speculating.

Investing FAQs

What is investing and how does it work?

Investing is the act of distributing resources into something to generate income or gain profits. The type of investment you choose might likely depend on you, what you seek to gain and how sensitive you are to risk. Assuming little risk generally yields lower returns and vice versa for assuming high risk. Investments can be made in stocks, bonds, real estate, precious metals, and more. Investing can be made with money, assets, cryptocurrency, or other mediums of exchange.

How do I start investing?

You can choose the do-it-yourself route, selecting investments based on your investing style, or enlist the help of an investment professional, such as an advisor or broker. Before investing, it’s important to determine what your preferences and risk tolerance are. If risk-averse, choosing stocks and options may not be the best choice. Develop a strategy, outlining how much to invest, how often to invest, and what to invest in based on goals and preferences. Before allocating your resources, research the target investment to make sure it aligns with your strategy and has the potential to deliver desired results. Remember, you don’t need a lot of money to begin, and you can modify as your needs change.

How do I start investing with little money?

Investing is not reserved for the wealthy. You can invest nominal amounts. For example, you can purchase low-priced stocks, deposit small amounts into an interest-bearing savings account, or save until you accumulate a target amount to invest. Allocate small extra amounts from your pay to your superannuation fund until you can increase your investment. If your employer participates in matching, you may realise that your investment has doubled.

How can I start investing with $1,000?

You can begin investing in stocks, bonds, and mutual funds. Starting with $1,000 is nothing to sneeze at. A $1,000 investment in Amazon’s IPO in 1997 would yield millions today. This was largely due to several stock splits, but it does not change the result: monumental returns. Savings accounts are available at most financial institutions and don’t usually require a large amount to invest. Savings accounts don’t typically boast high-interest rates; so, shop around to find one with the best features and most competitive rates.

Believe it or not, you can invest in real estate with $1,000. You may not be able to buy an income-producing property, but you can invest in a company that does. A real estate investment trust (REIT) is a company that invests in and manages real estate to drive profits and produce income. With $1,000, you can invest in REIT stocks, mutual funds, or exchange-traded funds.

What are four types of investments?

There are many types of investments to choose from. Perhaps the most common are stocks, bonds, real estate, and funds. Other notable investments to consider are real estate investment trusts (REITs), CDs, annuities, cryptocurrencies, commodities, collectibles, and precious metals. The sky is the limit with investments.

The bottom line

Investing involves reallocating funds or resources into something to earn income or generate a profit. There are different types of investment vehicles, such as stocks, bonds, mutual funds, and real estate, each carrying different levels of risks and rewards.

Investors can independently invest without the help of an investment professional or enlist the services of a licensed and registered investment advisor. Technology has also afforded investors the option of receiving automated investment solutions by way of robo-advisors.

The amount of consideration, or money, needed to invest depends largely on the type of investment and the investor’s financial position, needs, and goals. However, many vehicles have lowered their minimum investment requirements, allowing more people to participate.

Despite how you choose to invest or what you choose to invest in, research your target, as well as your investment manager or platform. Possibly one of the best nuggets of wisdom is from veteran and accomplished investor Warren Buffet, “Never invest in a business you cannot understand.”

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