Financial planning and investment advice, along with tax and accounting services, and the real estate industry are traditionally separate areas serviced by different providers. However, Wealthy & Wise take a holistic approach to the industry, combining these services into one convenient hub, giving us a competitive advantage and allowing us to capture market share.
Financial planning and investment advice has undergone major changes in recent years and has grown at a rate of 2.4% annually over the last 5 years reaching $4.5 billion in revenue. This annual growth is expected to increase to 3.4% over the next 5 year period. We recognise that the market is in need of a provider that offers a full suite of financial solutions. A method is needed to engage individuals and families to deal with the complexities of the tax system, and the uncertainties and risks of financial markets.
Going along hand-in-hand with this is the fact that the biggest financial transaction that most people enter into is likely to involve their home or an investment property. These decisions directly impact their lifestyle now and into the future. While financial planning is essential to planning out an individual’s future, a big part of this involves their property decisions. Without advice this journey can create negative and unintended consequences.
Being involved in a highly regulated industry means every single firm providing advice must comply with ASIC licence requirements either by holding an Australian Financial Services Licence (AFSL) or being an authorised representative of a licence holder. In addition to this, to engage in any property transactions or to provide tax advice and compliance you must be licensed by the relevant authorities. We provide this licensing platform so you will remain compliant to legislation. This provides a major benefit to you, as the owner of a fully licensed and integrated service hub.