Welcome back!
Scene One – Providing Entity
Hi Mark and Cheryl! Presenting to you your personalised video Statement of Advice on the 30th of April 2025. My authorising licensee and contact details are on the screen now, should you wish to reach out to me at any time. Okay, lets get right into it.
Same as all scene 1
Scene Two – The Client
Mark and Cheryl, you have brought up your two sons and are approaching retirement, so want to maximise your financial position in order to slow down from work and start working less as soon as you can.
Mark and Cheryl sought advice to optimize their superannuation and outside super investments for retirement, focusing on reducing fees, enhancing tax benefits, improving Age Pension eligibility, and ensuring access to funds before age 60.
You are married with two sons and are approaching retirement. You have come to me to optimise your superannuation and personally held investments to support you in retirement.
Show middle aged couple with two adult boys. Show Investment graph with arrow going up on the graph, and label "Superannuation & Investments" under it
Scene Three – Scope And Goals
We want to have our superannuation reviewed to reduce fees, secure our retirement income, and improve our Age Pension eligibility.
We want to have our outside super investment reviewed to ensure we can access these funds before we turn 60 for potential early retirement, while keeping fees low and maintaining investment consistency.
We agreed that the scope of the advice will cover superannuation platform, superannuation investments, and personally held investments.
Your goals are to review your superannuation in order to reduce fees and secure your retirement, improve your Age Pension eligibility, and invest your personally-held funds in a way which enables acces prior to you turning 60 in case you retire early.
Scope:
1. Superannuation (platform)
2. Superannuation (investments)
3. Personally held investments
Goals:
1. Review super, reduce fees, plan for retirement
2. Improve Age Pension eligibility
3. Invest outside of super, access to fund before 60yo
Scene Four – The Advice
Transfer superannuation from DASH Super to MyNorth Lifetime Super with Betashares portfolios
1. Cost savings: $2,289.33 p.a. vs. $3,623.25 p.a. 2. Enhanced features: 40% Centrelink discount, lifetime income options.
Risk Transfer superannuation from DASH Super to MyNorth Lifetime Super with Betashares portfolios 1. Cost savings: $2,289.33 p.a. vs. $3,623.25 p.a. 2. Enhanced features: 40% Centrelink discount, lifetime income options. 1. Market risk: Growth portfolio may fluctuate. 2. Transition costs: Potential administrative costs/delays.
Transfer outside super investment from DASH Investment to North Investment Fund with Betashares Growth portfolio
1. Cost savings: $577.74 p.a. vs. $908.58 p.a. 2. Consistency: Same portfolio as super, easier management.
1. Market risk: Growth portfolio may fluctuate. 2. Access risk: Ensuring pre-60 accessibility
My first advice is to rollover the balance of your existing DASH super funds to ay em pee My North Lifetime Super and invest the funds in Betashare Portfolios. You will save over $1,300 a year in fees, you will unlock a 40% Centrelink discount, and you will have lifetime income options within the new fund, which is suitable for your upcoming retirement. However, please note that the funds invested within Betashares may fluctuate as they are growth investments, and that a rollover may result in administrative costs and delays.
My second advice is to transfer your personally held DASH investments to an aye em pee North Investment platform and invest the funds in Betashare portfolios. By doing this, you will save over $300 a year in fees, and having the same investments as within your super fund will result in ease of management. Once again, please be mindful that the value may fluctuate due to market performances.
Building with DASH Super logo (google this) arrow to building with AMP logo, arrow labelled with "full balance". Then arrow from AMP building to just Betashares logo. Under all this, put green tick label "save $1,3k pa fees", green tick label "40% Centrelink discount", green tick label "lifetime income options", red exclamation label "growth investments may fluctuate" and red exclamation label "rollovers can result in admin costs and delays".
Different type of building with DASH logo, arrow to building with AMP logo, then arrow from AMP building to just Betashares logo. Under all this, green tick label "save $300pa fees", green tick label "simple management", red exclamation label "growth investments may fluctuate".
Scene Five – Fees And Costs
Product fees
For this advice, there are three elements of fee you need to be aware of. The first is a one-off advice fee of $1,800, which covers the research, formulation and implementation of this advice. This is charged equally from both of your super funds.
The second is an ongoing fee which amounts to $389 per month. This is to be paid to me equally from your super account and for this fee, you will receive an offer of an annual review, an offer of various projections and reports to ensure you are on track, and access to me and other Wealthpoint staff throughout the year.
The third set of costs are ongoing product costs. As you can see outlined in the following two tables, on a like-for-like basis, you save over $1,500 a year in product fees. The next table below shows that in addition to the fee savings, MyNorth has superior features that are more relevant for your circumstances.
Same as all Scene 5. From the script, use the "Cost Analysis current setup" table and the "Recommended Set up" table together on the same screen - include the "current/recommended setup" headings. When VO says $1500 saving, circle the $4,531 and $,2866 amounts in green. And for the second table, use the "Comparison of Features" table, table only - no titles.
Scene Six – Disclosures
Right, we have now finished outlining the advice and have some important information to go through.
First of all, this Statement of Advice is prepared for you only and therefore should not be implemented by anyone else.
Secondly, we have based this advice on information which you have told us, so please let us know if any information contained in this video does not accurately describe your current situation or is incomplete.
Next, Wealthpoint does not have any third party interests or associations with any product providers recommended to you, and the advice is therefore not conflicted.
Please note there may be a 30-day cooling off period with respect to the financial products we have recommended, during which you may make amendments or request refunds.
And finally, please note that the advice in this video is valid for a period of 30 days. If you have not confirmed acceptance within this time, we may need to revisit your circumstances.
Mark and Cheryl, this advice purely considers your interests only, and is therefore in your best interests. If you wish to proceed with my advice, please respond to the email by completing the Authority to proceed section within the email. Otherwise, if you have any questions, please let me know. Thank you!
Important Disclosures
1. This SoA is for you only
2. This SoA is based on your circumstances that you have informed us
3. No conflicts or associations.
4. There may be a 30-day cooling off period, based on the PDS
5. This SoA is valid for 30 days