26 September 2024
Hunting opportunities on the ASX
Published on LiveWire There is plenty of opportunity on the ASX, for those willing to do the work. Elston's Co-Founder and Portfolio Manager Andrew McKie is on the case. Read more
6th August 2024 - Asset Management
Synchronised swimming may be one of the strangest sports being broadcast from Paris this month. In some ways it’s probably also one of the most inspiring. Seeing everyone moving together, in harmony, towards a common goal is beautiful.
Wouldn’t it be great if you could see the same sort of beauty in your client’s finances? What if their tax, their investments, their business and personal goals were all in sync?
In this article we’re going to look at ways that you might be able to make that happen.
One of the big challenges for you as an accountant is finding professional partners who bring their own expertise and their own perspective, but also share your values.
Do they have the client’s best interest at heart? Are they good communicators? Are they good at managing risk?
At Elston we work collaboratively with accountants, brokers, family lawyers and estate lawyers to help clients get a more 360 view of their affairs. This can be really helpful for clients, especially when they’ve got a big decision that needs to be made.
At our recent TD Day (Team Development Day) we gathered with professional partners on the Gold Coast to share ideas and discuss everything from cyber security to the investment landscape, and the disruptions and opportunities of A.I.
It was great to be in the room with people who have partnered with us for so long. These trusted relationships just seem to keep growing stronger every year.
One area where the benefits of closer collaboration are often noticeable is superannuation. This is especially true if your clients have a self managed super fund.
The name suggests that they are doing it all themselves. But in reality, the management of a self managed fund (SMSF) will usually require specialist guidance to ensure that their fund is meeting its legal obligations and staying on the right side of the ATO. And of course, how efficiently are the assets in the fund are being managed.
At Elston our advisers help people to sensibly structure their investments, establish some balance in their portfolio of assets, and manage risk as they work towards their goals.
Having a diversified portfolio of assets is vital. It means that when some assets are not performing as well, other assets might be able to balance things out for them.
Diversification is something the ATO wants to see in self managed super funds too. If your client’s SMSF is only investing in a single asset or asset class e.g. property, the ATO might have some questions to ask.
Elston has an experienced investment team that manages Australian Equities portfolios, large and small caps. These portfolios have a strong track record over the long term. They also manage a multi-asset portfolio that provides clients with exposure to international investment opportunities and to funds that specialise in property, infrastructure and fixed income.
What do your clients think life might look like when they start working less? Will it be an endless holiday? Is it their chance to finally get to do the things they’ve always wanted to, but never had the time?
Planning for retirement isn’t just about financial goals. It’s about building and maintaining strong social connections. It’s about physical and mental health. It can also be about finding a new purpose.
Their work has possibly defined who they are. It has given them their drive and the satisfaction of kicking goals. How will they replace that?
These are some of the conversations they can have with their friends and family. They’re also discussions they have with their financial adviser. We’re a good sounding board. And in turn that can help to open up richer conversations for you and your clients.
One of the ways that we work with accountants is succession planning. In the years leading up to the sale of a business or a farm, there can be a lot of difficult decisions that need to be made. It’s not just about the numbers. There’s an emotional connection that’s hard to break. Plus there are sometimes family disagreements that need to be resolved.
Elston advisers work with client’s accountants to dive into the figures and work out what’s viable. For example, can a rural property generate enough income to support more than one generation? And how does the income from a business compare to the income that can be achieved through a diversified investment portfolio?
The dynamics of a family business can be challenging, but it’s something that our advisers have navigated many times. We can open up conversations and introduce new ideas, e.g. philanthropic structures that all the family generations can get involved with running. It’s a great way to prepare younger family members with important decision making and management skills that can preparing them for future responsibilities.
Ultimately, everything starts and finishes with your client. How can you help them on their financial journey? What’s in their best interests? Who can you introduce them to so that they can get some clarity about where they’re headed, and how they can get there?
It’s not just about planning for the future either. A financial adviser can help adjust your client’s current situation, as well as preparing them and their family for the years ahead.
If you’d like to get in sync with an adviser you can trust, don’t hesitate to get in touch. To learn more, contact Elston Partnership Executive Eric Armbrust here.
26 September 2024
Published on LiveWire There is plenty of opportunity on the ASX, for those willing to do the work. Elston's Co-Founder and Portfolio Manager Andrew McKie is on the case. Read more
23 September 2024
Following on from the reporting season, Portfolio Manager Leon de Wet has provided a brief overview of the recent results and what that indicates for future earnings and the portfolio positioning. Read more
21 August 2024
When many people think about estate planning, they’re initially focused on who they should leave their assets to. But often, through the estate planning process, they also find themselves thinking about the legacy they could be leaving. Read more
20 June 2024
This week EAM announced that Sydney based manager Mark Saad was joining the team to support the increasing growth in the NSW and ACT markets. Read more
11 June 2024
It’s tough getting selected for State of Origin. But it's tougher to be picked by the Elston Asset Management team. Read this article to learn more about the Elston investment process. Read more
9 May 2024
In this Livewire's Buy Hold Sell episode, Elston Portfolio Manager Justin Woerner and Nick Sladen from LSN Capital analyse five stocks with possible share price-moving catalysts. Read more
1 May 2024
Elston Portfolio Manager Justin Woerner and Nick Sladen from LSN Capital share their tips and tricks for identifying undiscovered stocks in the recent Livewire article. Read more
29 April 2024
In this episode of Livewire Buy Hold Sell, Elston Portfolio Manager Justin Woerner and Nick Sladen from LSN Capital analyse some of the Small Ordinaries undiscovered stocks. Read more
17 April 2024
In this video, Portfolio Manager David Seager provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
10 April 2024
Elston Portfolio Manager Gary Merkel has picked three constituents of the ASX Small Ordinaries Index in the latest Livewire article. Read more
25 March 2024
Just before Easter, Livewire asked four fundies to pick which businesses they thought had the hop on some of the others in their investment universe. Read more
18 March 2024
Following on from the reporting season, Co-Founder and Portfolio Manager Bruce Williams has provided a brief overview of the recent results and what that indicates for the portfolio positioning. Read more
31 January 2024
The Australian Financial Review has recently named Elston Australian Emerging Leaders in their top performers 2023. Read the article to find out more. Read more
18 January 2024
In this video, Portfolio Manager Leon de Wet provides his perspective on the key questions discussed in the recent quarterly asset allocation meeting. Read more
1 December 2023
HUB24 announced the launch of a new whitepaper, ‘Directing the matrix: meeting the advice needs of high net worth clients’. Read now to get insights from Elston Head of Philanthropic Services Susan Chenoweth and many other experienced advisers. Read more
8 November 2023
Investing in what you are passionate about, or even what you consume everyday, can give you an edge. Find out what local stock Elston Co-Founder Bruce Williams has in mind. Read more
13 October 2023
What should advisers think about as they move to managed portfolios? Elston Head of Adviser Services Mark Smith shared his views on how to successfully make the transition. Read more
4 October 2023
We all know Australia is the lucky country, but could it soon be the luckiest? Elston Co-founder Andrew McKie believes it may be possible, and advisers need to take heed. Read more
21 September 2023
Andrew McKie joined 5 other industry leaders at LiveWire Live 2023 as they presented their shocking prediction for the future. What did he predict? And is it good news or bad news? Read more
14 September 2023
Portfolio Manager Leon de Wet has provided a brief overview of the recent reporting season results and what that indicates for future earnings and the portfolio positioning. Read more