My favourite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.
– Steve Jobs
Helping you achieve greater freedom to pursue your passions, to spend more time with those you love rather than oversee, think or worry about your money is what we do.
The essence of our philosophy – to help you make smart choices about your money and enjoy great quality of life – is the alignment of your financial choices behind what is most important to you; your values.
Our role at Ambrose Advisory is to help you, along with all your advisers, to consistently implement your plan so that you completely organise and coordinate your family wealth.
No matter what happens in markets, the economy or the world, as your advisors, we help you achieve your goals.
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Let’s begin with learning about what is important to you
Our journey starts in relationship, with discovery about who you are and what’s important to you. Your financial position is addressed, but more important is learning about who you are as a person. This involves honest, open two-way conversations to ensure that the ultimate financial plan exists to guide your financial choices toward your unique dreams.
Often new clients are not entirely clear on what they really want to achieve, and why. Our discovery process exists to support this – to create space for clients to contemplate their future. And the hands-on approach from the beginning is critical to the long-term success and realisation of clients’ goals.
Our ongoing focus is co-ordinating the organisation of our clients finances and helping them measure their progress to stay on track. Life makes it easy to sway off track, to see your plans and even your deepest values challenged. The ongoing journey made alongside Ambrose Advisory exists to help you stay on track and on purpose, in line with your values and goals.
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Road mapping your success
Map your journey
Discovery Meeting
An obligation free discussion to hear about what is important to you, your future, your goals and to establish how we may be able to assist you on your journey. This will help us both determine whether there is a basis for a lasting professional relationship.
JOURNEY FOUNDATIONS
YOUR 2ND OPINION
Building on Discovery, we lay the foundations of your plan, we clarify your destination + milestones along the way. We scope the work involved to guide you there and plot out your current financial position so that you have context on what may be involved if you were to start today. Initial expectations are set, including our offer for our Progress Update service.
ENGAGING OUR GUIDANCE
Before we embark, we agree to both commit to take the steps necessary in order for you to lead your dreams, utilising our professional guidance, experience and resources.
INITIAL JOURNEY PLANNING
Careful preparation and planning will help us provide you with the optimised journey. We ensure we have the right authorities in place to access necessary information. We provide you with an initial checklist of requirements and work with you to capture all the details needed for our navigation to be effective. You start.
Mapping out the Journey
Having reviewed your initial planning information, we explore deeper anything we are not clear on. Although the preparation is underway, we are building our understanding to be able to draft your plan of action. We take these first steps together with confidence as we have taken the time to understand where you want to go and what type of reports and progress updates you can expect before you set off.
WE SET OFF…
YOUR JOURNEY BEGINS
Once your Statement of Advice has been done, we keep you on track with progress meetings
PROGRESS MEETINGS:
We offer triannual or annual progress meeting updates based on your needs. At each meeting, we update your progress toward your goals and outline course corrections due to be implemented before your next meeting.
1. Safety Review
If this is your first Safety Review, having undertaken a thorough review of your financial situation, we have by now modelled your strategy in consultation with you and are now ready to present to you your personalised financial plan also known as your Statement of Advice.
From this point on, at your Safety Review meeting we make certain there is a sensible strategy in place for every risk to your plan, examining and contemplating as many risks as we can that you may come across on your journey. What has changed in the market? Is your personal insurance position up to date? Bearing your risk profile in mind, we look at every possibility and course correct your position so that you protect the progress you have already made.
2. Goal Outlook
At this meeting we review the specific strategy and tactics for each of your goals. We review in deeper detail your investment and asset allocation structure as well as look to review your estate plan as required.
3. Annual Progress Update
We ensure every client attends at least an annual update of their plan. Specifically we review with you your comprehensive lifetime capital plan, the financial outlook for the coming years based on where you are right now. This is often an interactive model where timings, amounts and other ‘assumptions’ can be tested with the outcomes reviewed, discussed and possible refinements agreed upon. Specifically we review your cash reserve and debt plan.
Where Your Journey May Take You
There is no one-size-fits-all when it comes to your journey. Your stage in life, your dreams and the goals you set to get there are all different, and will very likely change over time.
The following is a taste of the direction your journey may follow:
Wealth accumulation
Often the busiest time in your life, you may find yourself balancing career, business, elder family support and your children’s schooling.
During these years you will be looking to have a comfortable lifestyle now while contemplating and managing your long-term future.
If you are in this stage in your life, you likely will be focusing on wealth accumulation.
Pre-time freedom
(pre-retirement strategies)
Your family is growing and schooling and lifestyle costs are easing which is reducing the pressure on your budget. You have entered a phase of your life where you are looking to confirm your priorities – asking how much is enough and how do I most effectively save for a secure future over the long-term.
If you are in this stage in your life, you likely will be focusing on pre-time freedom.
Time freedom (post retirement strategies)
You have reached a stage in your life where you are looking to spend more time with your adult children, their families and possibly your grandchildren. It’s a time to focus on your health and wellbeing, now and into the future, so you can enjoy active times ahead.
You seek to protect and preserve your hard earned capital and may want to reduce risk giving your family greater financial confidence.
If you are in this stage in your life, you likely will be focusing on time freedom.
Inheritance
Balancing the emotional toll of loss with the possibilities of your future is challenging on many levels. The alignment of big decisions behind the appropriate management of family wealth can often be overwhelming, confusing and unclear both at a personal and family level.
Planning to protect family wealth from tax and other claims needs to be balanced with your needs and the personal support for your beneficiaries. Doing this well means there is a clear and considered pathway in place for the benefit of your loved ones as well as others you may wish to support.
If you are in this stage in your life, you likely will be focusing on inheritance.