Some need to know, with a bit of WealthDesign nice to know thrown in.

The Financial Markets Authority (FMA) has recently released information about advisers who are allowed to give personalised financial advice – these are the Authorised Financial Advisers (AFAs).  There are only 1800 AFAs in New Zealand, and the number of these is falling every year (as the qualification isn’t easy to achieve, plus AFAs tend to be experienced advisers, who are of retirement age).  In the Manawatu, there is only one AFA for every ten thousand people.  If you take out the advisers working as Qualified Financial Entities (QFEs), like the banks etc, the number of advisers who aren’t going to only sell you their employer’s products, are few.

Private banking or personalised advice offered by banks, is only for the wealthy.  For example, you need $1,000,000 in assets to get personalised advice from the BNZ, or $2,000,000 if you are a Westpac customer.

At WealthDesign, we have been offering personalised financial advice for over 16 years, backed up by independent research.  You don’t have to be ‘wealthy’ (although we have clients who are) to get personalised advice,  as we understand that different people, at different stages of life, have different needs.  We have advisers of different ages who will work alongside you, who take the time to focus on your stage of life, and your unique life experience. 

We aren’t owned or licensed by any one insurance company or bank.  We aren’t part of the QFE telling us what and how we should manage your money.  We deal with a wide range of insurance companies in the market and back up our recommendations with independent research.  If you work with us, you have the peace of mind of knowing you have someone who works just for you.  We have your interests at heart, and will be there today and in the long term, working alongside you, to get the best outcome for you, and you alone.  You get total transparency when you work with WealthDesign. 

Give us a call and discover how easy it can be to gain peace of mind with your finances.

John Barber
WealthDesign – a life well planned

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I read an article about driverless cars and it got me thinking about how the world has changed.  You have things like UBER, bookabach and Airbnb; all new concepts that have insurance consequences, especially if you don’t tell your insurer what you are doing with your assets.  Commercial car insurance is more expensive than private insurance for a reason, and if you are using your car for commercial use, you need to tell your insurer.  The same goes for your home and contents insurance, if you have decided to rent out your house.  The rules around the Restricted Driving License, is also one of the areas people leave themselves open on.

The old ‘she’ll be right’ attitude is all well and good – until something goes wrong – then it can be a big deal.  If you aren’t sure, it’s always better to check, than to ignore the issue.  

So if you’ve got a question, give us a call.  No question is a silly one.  We’re here to help.

John Barber
WealthDesign – a life well planned

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rome-free-tour

2014 – Rome.  Our first exposure to staying with Airbnb.  Max was our contact, and we got to stay in the middle of Rome, in the middle of summer (man, it’s hot over there!) with our daughter, while she was studying in the city for a year.  Breakfast was provided for us each morning, and all went smoothly. (It helped having our own tour guide by the name of Meg!) The price was super-reasonable and all-in-all, a great experience.

Fast forward to about six weeks ago.  John tells me we’re off to Wellington to see the All Blacks play Wales.  I jump online to find accommodation in the city – and unless we were prepared to pay for two nights’ accommodation at some places, or, an exorbitant amount of money for one night – accommodation fell into the ‘hens’ teeth’ category.

So I decided to try Airbnb again – worth a try I thought.  Well, fast track to mid June, and we got to experience a gorgeous little house in Island Bay, with a view of the ferry inching into view, and a chance to meet a wonderful lady by the name of Chris, who was welcoming, hospitable and just plain lovely!  We had friends who came with us too, and the set up was perfect.  And all for a reasonable price, plus in the morning we didn’t have to be gone by 10am for the cleaners to come in! John and I got to go for an invigorating walk along the coastline and take in a bit of Wellington we rarely get to see. 

Technology has catapulted us forward into the 21st century and how we’ve lived and done business in the past has been transformed.  Who would’ve thought of travelling ten years ago, and staying at someone’s home – someone you don’t even know?  But with online reviews that keep businesses honest, the playing field has been levelled, and you can get a feel of what a place will be like, prior to booking.

Go check out the website and get inspired!

 Airbnb

 

Kristine Barber
WealthDesign – a life well planned

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June is upon us, so ensure you don’t miss out on the full $521.43 government contribution by confirming you have paid the minimum $1,042.86, for the previous 12 months.  If you have fallen short of the minimum contribution, you can top up prior to the end of June, to make certain you receive your government contribution.

IMPORTANT:  If you haven’t already, top up your KiwiSaver as soon as possible, as it can take a while for your KiwiSaver provider to process the payment.  Don’t wait until the last week of June, as you may well miss out on what you’re entitled to.

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June 2016 is fast approaching, so ensure you don’t miss out on the full $521.43 government contribution by confirming you have paid the minimum $1,042.86, for the previous 12 months.  If you have fallen short of the minimum contribution, you can top up prior to the end of June, to make certain you receive your government contribution.

IMPORTANT:  Please top up your KiwiSaver at the beginning of June, as it can take a while for your KiwiSaver provider to process the payment – we don’t want you missing out on what you’re entitled to!

 

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