FINANCIAL PLANNING
It's all about you
The main reason to seek financial advice or invest in a financial plan is not about having more money, but rather about enabling your finances to help you facilitate the life you want, now and into the future.
A good financial plan, therefore, always comes back to how it achieves this ultimate goal, without any surprises along the way. This is why we spend a lot of time understanding our clients' goals, and how these evolve over time, to ensure our advice is directly in line with what you want out of your life, now and into the future.
FIND MORE CONTROL.
When it comes to your money, it's crucial that you're in control.
It sounds straightforward, but for a lot of doctors, this is not the case.
It doesn't need to be complicated, but you need to be on top of the basics knowing what you have coming in, what's going out, and then what you're left with.
Without this knowledge, it's very hard to make any sort of financial plan with confidence, and it's impossible to create financial independence.
Protect what you create
Insurance underwrites the risk of something going wrong while you're building your assets. You are and will continue to be, your most valuable financial asset, so we ensure all of our clients have comprehensive cover in place before embarking on creating wealth.
Investing in a comprehensive protection strategy is a positive step, as it ensures there are no surprises, and as your wealth builds and you become more financially secure, you can reduce your cover.
WHAT OUR CLIENTS ARE SAYING ON ADVISOR RATING
AMANDA
"We were very fortunate to meet Sean early in our careers. His advice has ensured that we made the best possible decisions especially with regards to superannuation and insurances. We are in a far better financial position now due to his expertise. He has helped us with almost every aspect of our future planning including finances, insurances, tax and will."
JAMIE
"Neal has been our adviser for almost 10 years. His services have been invaluable in all areas of our financial management. Neal's advice has always been exceptional, ethical, well researched and very thoughtfully presented. His knowledge & experience are very evident & I have a great deal of confidence in the advice that he provides. Neal has an obvious enthusiasm & passion for his work & he clearly cares a great deal about his clients. I cannot recommend Neal highly enough."
NATHAN
"Alex has been fantastic. I had limited financial experience and he was able to talk to my level of knowledge. I was able to discuss trial concerns and it never seemed bothersome to Alex and his team. They assisted me beyond what I had assumed they were required too. My experience has been wonderful and I fully recommend him!"
Own your lifestyle, don't borrow it
When money starts coming in, it's easy to get carried away living a lifestyle that's financially unsustainable, supported by borrowing. It's never been easier for doctors to over-spend, as a result of a combination of low-interest rates and over-generous lending by banks.
Having some debt is a part of life, but it's important to understand the opportunity cost of this and make decisions in the context of your overall situation and objectives.
Make informed financial decisions so that you can enjoy your money
Our strategy is to financially model your position, including all the lifestyle assumptions you wish to make, which means we can therefore predict, with reasonable accuracy, how your financial future will look. Our advice, combined with all big financial decisions, are entered into the model so the implications of changes and decisions are known before you make them.
This process will allow you to have confidence in your finances so that you can enjoy the money you've worked so hard for.
Services tailored to your stage of life
Your career stage and your goals will determine the kind of services we suggest for you - there is no one-size-fits-all approach.
Foundation advice is suitable for newly qualified doctors and those in the first years of training. You'll benefit from initial set-up services from one of our experienced financial planners, then ongoing management from one of our client managers.
Annual advice is for those further through training but not yet fully qualified. You'll benefit from the initial set-up of your plan and ongoing annual meetings with one of our financial planners.
Private client advice is for medical professionals who've finished training and/or have more complex needs. You'll benefit from initial set-up and ongoing regular contact with one of our financial planning partners. Our partners accept only a limited number of private clients to ensure they can provide dedicated service.
Medical Financial Pty Limited trading as Medical Financial Planning, ABN 31 131 051 333, AFSL number 506557. Sean O'Kane and Neal Durling are Directors of Medical Financial Pty Ltd. Medical Financial Pty Ltd are members of the Australian Financial Complaints Authority number 40954
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The information on this site is of a general nature. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.
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We provide clearer pathways to financial wellbeing by expertly understanding you.