Raquel Netto wins the “Gwen Fletcher Memorial Award”

Raquel (w jacket sml)We are thrilled to announce that our very own Raquel Netto has just been awarded the highly prestigious Gwen Fletcher Memorial Award! This award recognises the highest performing student in the first semester of the CFP® Certification Program, which Raquel has recently completed. Raquel was delighted to receive this award, explaining:

“It’s an honour to receive the Gwen Fletcher Memorial Award in recognition of the study and effort I’ve put in to complete the CFP® Certification Program.”

The award honours the memory of Gwen Fletcher (1919-2014), the “First Lady of Financial Planning” as she was known, a champion for the importance of education and its central importance in nurturing the financial planning profession.

The CFP® designation is the only financial planning designation recognised globally. It is a symbol borne by financial planners actively committed through higher education and accountability to adhering to world class professional and ethical standards.

We are so proud of Raquel and given her work ethic, we are not surprised to see her achieve this accolade. We are confident that this award reflects the values and expertise of the entire Wealth Mentoring Group – we are committed to offering our clients the highest quality advice and service!

For a full run down see the following articles:

Money Management

Financial Planning Association of Australia

Great Ocean and Otway Classic Ride

Inspired by his recent forays into triathlon, Forbes set out to conquer this year’s Great Ocean & Otway Classic Ride in April. He took on the tough 60kms event, which winds through the “undulating” and iconic Great Ocean Road.

Forbes has embraced his newfound passion with gusto, and it’s safe to say completing this course would not have been possible without plenty of well planned training sessions. He reports having a wonderful day out, with perhaps more particular enjoyment of the downhill sections.

The team at The Wealth Mentoring Group are immensely proud of his efforts and can’t wait to see what the next challenge is going to be! We think Forbes has proved, once again, that planning is the key to success!

2019-20 Federal Budget – A ‘Back in Black, Pre-Election’ Budget

There have been many unofficial catchphrases making the rounds with regards to the 2019-20 Federal Budget such as Pre-Election Budget, Back in Black, Budgeting for a Miracle, and Pre-Poll Cash Splash.

This being said, the 2019-20 Federal Budget is being officially referred to by the Government as a ‘Stronger Economy, Better Future for Australians’.

With this in mind, the Federal Budget priorities, and subsequent proposed measures, primarily focus on delivering in the following areas:

  • a better tax system
  • investing in economic and community infrastructure
  • delivering skills for today and tomorrow
  • guaranteeing essential services
  • restoring trust in the financial system

Below we have provided you with an article that covers the main proposed measures that may be relevant to you and your personal finance, as well as three videos that may be of interest if you want to know more.

Please contact us if you wish to discuss any aspect of this year’s Federal Budget or how it may affect you.

2019 Budget: The ‘Back in Black, Pre-Election’ Proposed Measures

Treasurer Josh Frydenberg delivered the 2019-20 Federal Budget on 2 April 2019. We provide you with a summary of the main proposed measures that may be relevant to you and your personal finances.

Read More

2019 Budget: Guardian Australia and the Political Context

Guardian Australia’s political editor Katharine Murphy highlights the political context of the 2019-20 Federal Budget, given the Government’s wish to hand it down before the next election.

Launch Video

2019 Budget: ABC and Key Numbers Explained

As a result of the proposed measures that have come out of Treasurer Josh Frydenberg’s 2019-20 Federal Budget, ABC’s national affairs correspondent Greg Jennett explains the key numbers.

Launch Video

2019 Budget: PwC and the ‘Prudence Prevails’ Budget

PwC’s chief economist Jeremy Thorpe discusses his thoughts on the 2019-20 Federal Budget, “Prudence prevails in this budget, but with challenges around low wage growth there’s a lot more to do.”

Launch Video

Australian Corporate Triathlon – The Return

After all the fun of last year, the team decided we had no choice but to once again tackle the Australian Corporate Triathlon! We competed again in the relay event, each team member completing a 400m ocean swim, 10km road cycle or 4km run leg. And this year we also expanded, to include a partners team!

Melbourne turned on an exceptionally hot Autumn day for us, with the temperature rapidly climbing up into the 30s, so just getting to the start line took some doing (especially for those of us with a young “cheer squad” in tow!). Competition between the teams was fierce, with the addition of the partners’ team only stoking the fire, but it was fantastic to see everyone stepping up and putting in their all. It was a wonderful day out, working with our team towards new challenges and new goals. Who knows what 2020 will bring?!

We love bringing the same team energy towards everything we do, working with our clients to achieve their goals too!

A Note on the Royal Commission

Over the last year or so, there has been much attention centred on the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

The central task of the Royal Commission was to inquire into, and report on, whether any conduct of financial services entities might have amounted to misconduct and whether any conduct, practices, behaviour or business activities by those entities fell below community standards and expectations.

We acknowledge that the findings that have been laid bare may have raised concerns for some of our clients. This is an understandable response given the nature of the findings.
Continue reading “A Note on the Royal Commission”

Australian Equities: 2018 review

2018 was a challenging year for global sharemarkets, including Australia’s where the ASX 200 declined -6.8% over the calendar year.

The gains made in the first eight months were given up as the sharemarket fell from late August over a growing list of concerns, including, disappointing 2019 growth projections, the impact of higher US rates, the continued US-China trade war and the uncertainty caused by Brexit.

Anton Tagliaferro is the founder and investment director of Investors Mutual Ltd, a boutique, value style Australian equities fund manager. Drawing on his extensive experience with over 30 years in the finance industry, Tagliaferro observes that “in the initial stages of a sharemarket correction, it is not uncommon for almost every stock to fall as many investors rush to reduce their exposure to sharemarkets. However, when the panic subsides, and sanity prevails – which inevitably happens – good quality companies with strong underlying businesses, and with real earnings always recover well.”

Tagliaferro expects to see a period of consolidation in markets following the heavy falls of the December quarter.  He recently shared his outlook for Australian Equities:

“At the end of December, we started to see the emergence of very good value amongst many quality Industrial stocks, which our Funds are heavily skewed towards and we expect the quality of these stocks to show resilience should the sharemarket correct further.”

Continue reading “Australian Equities: 2018 review”

Joining the Sterling Private family

We are very pleased to confirm the change of licensee for our business to Sterling Private Pty Ltd (AFSL 490523).

Following a period of careful consideration and extensive review, we made the strategic decision last year to change licensee for the purpose of providing financial services to our clients.  We feel that a move to a boutique, non-bank aligned licensee is more suited to our business and our clients’ objectives moving forward.

We are excited to be working with the team at Sterling as we explore the opportunities our new licensee offers to improve the way we work with our clients.

To our existing clients, we would like to emphasise that your ongoing relationship with our firm will remain the same following the change of licensee.  Our team remains the same and we will continue to deliver you with quality advice and outstanding service.  All your investments, insurances and the services that The Wealth Mentoring Group provide to you remain unchanged.

If you have any questions about what our change of licensee means for you, please get in touch with us.

Click here if you wish to access a copy of our Financial Service Guide.

Seven Lessons from the Global Financial Crisis for Investors

The Global Financial Crisis was the worst financial crisis since the Great Depression, resulting in banks freezing lending, financial institutes requiring rescue and 50% plus share market falls.  As we enter the tenth anniversary of the GFC, Dr. Shane Oliver reflects on the key lessons for investors from the GFC:

  • The inevitability of cycles: long periods of good growth, low inflations and great returns are always followed by something going wrong.
  • While each cycle is different, markets are pushed to extremes of valuation and sentiment. Patient investors could be provided with opportunities here.
  • Higher returns come with higher risk. Risks may not be immediately apparent, but will invariably make their appearance at some point.
  • Be sceptical of financial engineering or hard-to-understand products. The GFC showed us that the biggest losses for investors were in products that no one actually understood.
  • Avoid too much gearing or gearing of the wrong sort. Gearing magnifies gains as well as losses.
  • The importance of proper diversification. While listed property trusts and hedge funds were more popular alternatives than low-yielding government bonds prior to the GFC, through the crisis they ran into big trouble, and government bonds were the star performers.
  • The importance of asset allocation. The GFC reminded everyone that what matters most to your investments is your asset mix.

You can read the full article here: Oliver’s Insights – Seven lessons from the Global Financial Crisis for investors

Dr. Shane Oliver is Head of Investment Strategy and Economics and Chief Economist at AMP Capital.

Share The Dream

What is the “Invisible-Money Generation”? It’s a term that’s been coined to describe the younger generation who sometimes struggle to grasp the value of REAL money in a digital world. So how can we teach the next generation the value of money, when it is mostly invisible?

We recently came across the Share the Dream research report which has some interesting insights into how Australian parents are raising the next generation – the ‘Invisible-Money Generation’.

The report confirms that parents find it hard to talk to kids about money in the digital world. Interestingly, 62% of the parents surveyed believe their children’s generation will be financially worse off than they are. So what can we do to ensure our kids develop healthy money habits and skills?

For great tips and activities to help you talk money with kids, check out the How to Talk Money with Children eBook:


#sharethedream #InvisibleMoneyGeneration



Trumponomics and investment markets – Oliver’s Insights

There is plenty of debate regarding whether Donald Trump’s presidency is a positive or negative for share markets.  In his recent article, Dr. Shane Oliver looks at the risks for investors from President Trump’s approach and policies.  The key points are:

  • So far President Trump has been positive for share markets but this year the focus is increasingly shifting to populist policies with greater risk for investors.
  • The key risks to keep an eye on in this regard relate to trade conflict and the expanding US budget deficit, although the latter is more a risk for when the US economy next turns down.
  • However, the best approach for investors in relation to Trump is it to turn down the noise given the often contradictory and confusing news flow he generates.

You can read the full article here: Oliver’s Insights – Trumponomics and investment markets

Dr. Shane Oliver is Head of Investment Strategy and Economics and Chief Economist at AMP Capital.