Goal Setting & Planning

When you talk about your dreams for the future you probably talk about things like buying a house or being able to do what you want when you retire. We’re pretty sure you don’t say things like ‘I wish I had employed an investment strategy to maximise capital growth’.

Life is complicated enough without trying to work out what a whole lot of financial jargon actually means. That’s why we work with you to understand your goals and then provide you with the financial smarts that can help you to achieve them.

If you’d like to see how Latitude Advantage can help you achieve your goals, contact us today.

Insurance

A recent study by the IFSA indicated that over 95% of Australians are underinsured. Many Australians do have some level of life insurance cover through their superannuation, however the problem is that the level of cover is just not enough – especially if a claim needs to be made. This research also found that men and women who are aged 45 to 64 were most susceptible to a lack of adequate coverage.

At Latitude Advantage, we understand wealth protection is all about protecting your way of life, and we can assist you in doing this by:

• Balancing and managing your level of cover so it’s both adequate and not unnecessarily high
• Creating a protection plan which is relevant to your situation to cover you and your family
• Providing protection for your family, your assets, and your income
• Ensuring your superannuation and investment strategies are tailored to your appropriate risk profile

Debt Management

Debt is often that great white elephant in the room that no one is willing to acknowledge, and in this day and age debt is becoming increasingly common.

Having an honest conversion about debt will be one of the hardest things you ever have to do, but once it’s out in the open we can help relieve the burden. Our expert financial planners can help you navigate the minefield to improve your financial situation. We don’t judge – we provide you with honest, objective and realistic advice and recommend the best strategies to help you reach your goals. Our team will work with you to tailor a debt management strategy based on your individual situation, and will guide you as quickly and painlessly as possible into a healthier financial position.

So if you’re dreaming of buying your first home or looking for a way to consolidate your loans, there can be light at the end of the tunnel with a Latitude Advantage Debt Management Strategy. However, debt is not always a bad thing as not many of us can afford to buy a home with cash! Latitude Advantage will work with you to help you wisely manage your money and your debt so you can achieve your financial dreams.

Contact Us for more information on how we can help you with debt consolidation.

Cash Flow Management

Latitude Advantage will help you to first understand how your income moves through a financial cycle, and then offer you strategies to help you achieve financial independence as quickly as possible. We can work with you to create just the right cash flow management plan to get you on the way to managing your cash flow and creating a cash surplus, so you can take advantage of all the lifestyle benefits that come from a positive cash flow.

We can assist you to make better use of your money and become more financially successful through:

• Understanding your personal cash flow cycle
• Setting clear, simple and easily attainable goals
• Thinking like a business – what are your incomings and outgoings?
• Starting a budget and setting it in action
• Monitoring your budget and keeping you on track to achieve your goals

Retirement Planning

According to a recent study by the Association of Superannuation Funds of Australia (ASFA), the estimated cost for living a comfortable 25-year retirement in Australia is almost $1.43 million a person! And with the rising cost of living in this country, this figure is only likely to keep on growing! Terrifying thought isn’t it…

With Latitude Advantage, planning for retirement doesn’t need to be scary. We are here to answer every question you may have and many more you did not even consider. From working out how much you’d need per week, to answering the question of whether you can still go on holidays, you can be confident that our expert team of planners have the answers.

We begin the preparation process by working with you to design a retirement plan specifically for your needs. We make sure that your financial strategies are effectively making the most of your superannuation, assets, investments and savings so your retirement is not burdened with financial strain.

Contact Us to see how we can help you.

Superanuation Advice

Although every employed Australian is given the choice to choose their own super fund, sometimes the process of choosing a fund is an afterthought to getting a new job. It is important to understand how much super you will need and how best to manage your money for your retirement. The importance of choosing the right super fund can be the difference between a comfortable retirement and 25+ years of having to watch every dollar you spend.

There are five main types of super funds in Australia:

1. Industry super funds
2. Employer-sponsored super funds
3. Public sector super funds
4. Retail and wholesale master trusts
5. Self managed super funds


The team at Latitude Advantage can make understanding superannuation easy. Our superannuation advisors will expertly match your financial situation with the right type of super fund, taking into consideration:

1. The industry you work in 2. Your frequency of contributions 3. The amount of personal contributions made 4. Your age and time until retirement 5. The size of your current super account and income level 6. The most favourable risk level for your account