Welcome back!
Scene One – Providing Entity
Hi Peter and Julia! Jo here from Insurance Advisory Service, presenting to you your personalised video Statement of Advice today. My authorising licensee and contact details are on the screen now, should you wish to reach out to me at any time. Okay, let’s get right into it.
Same as Jo’s Scene 1
Download Links
Providing Entity
Hi Peter and Julia! Jo here from Insurance Advisory Service, presenting to you your personalised video Statement of Advice today. My authorising licensee and contact details are on the screen now, should you wish to reach out to me at any time. Okay, let’s get right into it.
Same as Jo’s Scene 1
The Client
You are married with two kids and are both employed and actively working towards your financial goals. You have come to me seeking advice to review your superannuation and investment assets, as well as your insurance arrangements, with a view for long term financial security and confidence. Your current personal and financial circumstances are outlined in the attached Fact Find. Please ensure you let me know if any of this information is not accurate.
In middle top row position, show a middle-aged married couple and two young children. Then along the bottom row, show one building with label “Superannuation”, one building with label “Investments” and one insurance shield with label inside “Insurance”. Then show image of document with paperclip labelled “Attached Fact Find” and show green tick over that when VO says “not accurate”.
Scope And Goals
We therefore agreed that this advice will cover a review of your superannuation platforms, superannuation investments, superannuation contributions, personal insurances and personally held investments. As discussed with you, the following are your goals as we understand them. Once again, if any of these goals are not accurately captured, please ensure you inform us.
Scope:
Super (platforms)
Super (investment)
Super (contributions)
Personal insurances
Personally held investments (investment bonds)
Goals:
1. Ensure super remains appropriate and aligned with long-term retirement goals.
2. Review insurance arrangements and confirm adequate protection for the family.
3. Invest for children’s future in a structured and disciplined way.
4. Strengthen retirement outcomes by making use of available super contribution opportunities.
The Advice
My first advice to you is to rollover the full balance of your respective existing Aware super accounts into new Macquarie super accounts and invest in the following investment options. Please refer to your respective Super Matrix for further details. This review assesses your investment options, fees, insurances within super and overall structure and returns to ensure the recommended superannuation funds remain appropriate for your life stage and long-term retirement objectives.
My second advice is for Peter to replace the existing insurances held within Aware Super and Clearview with the following PPS insurances. Please note the change from any occupation to own occupation for TPD, the change from agreed value to indemnity value for income protection, and the premium savings of more than $44,000.
My third advice is for Julia to replace the existing insurances held within Aware Super with the following TAL insurances. Please note that although your premium has increased, you now have trauma insurance and higher levels of cover for other insurances, making your cover more comprehensive and suitable for your circumstances. Please refer to your respective Insurance Matrix for further details. This review evaluates your current levels of cover, policy structure and suitability to confirm that appropriate protection is in place for income, family responsibilities, and future goals.
My fourth advice is to establish three investment bonds as follows, with an initial investment amount of $1,000 in each one, and an ongoing contribution amount of $3,000 per month for Peter and $2,600 per month each for Sophie and Oscar. The ongoing contributions will increase each year utilising the 125% rule.
My fifth advice is for Peter and Julia to make use of unused concessional contribution caps from previous years and implement a catch-up concessional contribution strategy. This will result in a $68,200 contribution from Peter to his Macquarie super fund, and a $167,322 contribution from Julia to her Macquarie super fund.
My recommended strategies are appropriate for you because of the following. However, please note that the following considerations also need to be taken into account.
As an alternative, we considered maintaining your existing arrangements without any changes. However, this option was not recommended because it may limit long-term outcomes and miss opportunities to strengthen retirement and family planning.
For first advice, show our normal super building to building rollover images.
For second advice, show the Peter Insurance screenshot and use green circle to show any occupation, own occupation, agreed value, indemnity value, and premium savings on the image when voiceover says.’
For third advice, show the Julia Insurance screenshot and use red circle to show existing premium and new premium when VO says.
For fourth advice, show three buildings with label on top “Peter”, “Sophie” and “Oscar”. Under each one, put label “+$1k upfront” then show “+$3k/mth” for Peter and “+$2.6k/mth” for the other two.
For fifth advice, show image of Peter then blue arrow with label “$68,200 CC” then building with Peter’s superannuation Macquarie logo then same for Julia with label “$167,322 CC”.
Next screen, show green ticks with label:
· Addresses both wealth accumulation and protection
· Provides structured planning for retirement and family goals
· Allows flexibility as circumstances change
· Strengthens superannuation outcomes
· Ensures appropriate insurance protections
· Creates long-term investment structures for children
And also show red exclamation with label:
· Investment market volatility
· Legislative changes impacting superannuation
In final screen, show Alternatives Strategy screenshot
Fees And Costs
Okay, with all the advice covered, let’s discuss fees.
The first category of fees is my upfront advice fee amounting to $6,900 plus GST. This covers the following list of services leading to the delivery of this Statement of Advice. The second category of fees is my ongoing advice fee, and is charged across the various platforms we manage for you as follows. This fee allows us to act as your guide and provide you the following services, to act as your guru and provide the following services, and to act as your gladiator and provide you the following services.
First category fee visuals same as all scenes. Second category visuals use same visual as previous Jo video, except show the following list when VO says “as follows”:
Ongoing superannuation (Peter) - $2,800 + GST
Ongoing superannuation (Julia) - $400 + GST
Ongoing Investment bond (Peter) - 1% of balance
Ongoing Investment bond (Sophie) - 1% of balance
Ongoing Investment bond (Oscar) - 1% of balance
Disclosures
Right, we have now covered the advice in full. So let’s go through the next steps. There are some important disclosures that you need to read and be familiar with. These are attached to my email. This advice purely considers your interests only and is in your best interests. If you wish to proceed with the advice, please sign the attached authority to proceed and return it to me. Otherwise, if you have any questions, please let me know. Thank you!
Same as previous Jo video