Financial Planning Brisbane

Total Business Partners refers our clients to our trusted business partners. These partners specialise in specific areas of financial expertise, such as investment management, insurance, or estate planning. By leveraging their expertise and working in collaboration with them, we ensure that our clients receive holistic and tailored solutions to meet their unique financial goals and objectives. This referral to our trusted business partners allows us to extend the scope of our services and provide our clients with well-rounded financial planning experience.

Please visit our pages for financial planning in Sunshine Coast, North Lakes and Redcliffe.

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Our Financial Planning Services Include:

  • Assessing your financial situation
  • Identifying your goals
  • Understanding your current actions
  • Developing financial recommendations
  • Delivering financial recommendations
  • Putting recommendations in place
  • Monitoring progress
  • Updating if necessary

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Learn More about Financial Planning

What is financial planning?

Financial planning is a crucial aspect of running a successful business. It involves assessing your current finances, financial strategies, and overall goals to develop a comprehensive financial plan. By gaining a complete understanding of your business model or personal financial situation, we can take action to promote long-term, medium-term, and short-term growth.

Understanding your finances

Determining the amount of capital available for your financial plan is essential. This requires considering various financial aspects such as:

  • Income
  • Expenses
  • Cash flow
  • Savings
  • Employee and government benefits
  • Assets
  • Taxes
  • Liquidity
  • Liabilities
  • Estate plans

Determining your goals

Once we have assessed your financial circumstances, we help you set achievable goals for your business. We ensure your goals are realistic and align with your vision. To determine what success looks like for you, we must first answer a few questions, such as:

  • What is your preferred time frame for your goals? E.g. short-term or long-term.
  • What is your risk tolerance?

Once we’ve determined what goals you want to achieve, we can determine whether they’re realistic.

Creating a financial plan

Setting business goals is one thing; achieving them is another. We help you determine if your current approach is sufficient to reach your financial objectives. If necessary, we work with you to set more attainable targets. Once your goals are established, we provide recommendations to assist your company in meeting them. You have the freedom to make informed decisions about the options we present.

Putting your financial strategy into action

Once you agree to proceed with your financial plan, it’s time for implementation. While it may be challenging at first, as it involves deviating from familiar practices, following through with agreed financial plans gives you the best chance of success.

Monitoring your progress

Financial planning is an ongoing process to ensure your business stays on track and achieves its objectives. As time progresses, we gain a better understanding of your business’s progress and make necessary changes to the plan. This includes adjusting to changes in your personal life or responding to evidence from your results.

What to look for in a professional Financial Planner in Brisbane

When searching for a professional financial planner in Brisbane, reliability, trustworthiness, and experience are key. A good financial planner can help you achieve your financial goals and plan for the future. Consider factors such as their expertise, qualifications, experience, communication skills, and costs to find the best fit for your needs and goals.

Expertise: Look for a financial planner with expertise in the areas you need help with.

Qualifications: Choose a planner with relevant qualifications and accreditation.

Experience: Find a planner with extensive industry experience to guide you through various financial situations.

Communication: Choose a planner with excellent communication skills to ensure clear and concise explanations of financial strategies.

Costs: Consider the cost structure of a financial planner and ensure it aligns with your budget and investment goals.

The different types of financial planning in Brisbane.

At Total Business Partners, we offer comprehensive financial planning services in Brisbane to help you achieve your financial goals. Our experienced team can assist you with retirement planning, investment planning, tax planning, estate planning, insurance planning, and business planning. We aim to ensure your financial security and success.

Retirement Planning

We help you create a retirement plan tailored to your income needs, investment strategies, and tax implications. Our experts guide you through the available retirement accounts in Australia, providing strategies to maximise your savings.

Investment Planning

Our team assists you in creating an investment strategy aligned with your risk tolerance and financial objectives. We explore various investment options, including shares, property, and managed funds.

Tax Planning

Reduce your tax liability and increase your after-tax income with our tax planning services. We offer guidance on tax-efficient investment strategies and other opportunities to help you reach your financial goals.

Estate Planning

Protect your assets and ensure their distribution according to your wishes with our estate planning guidance. We help you create a comprehensive estate plan, including wills, trusts, and beneficiary designations.

Insurance Planning

Safeguard your financial well-being against unexpected events with our insurance planning services. Our experts assist you in selecting the right insurance policies that suit your needs.

Business Planning

For business owners, our business planning guidance is essential for success. We help create a business plan that aligns with your financial goals, market analysis, cash flow projections, and growth strategies, setting your business on the path to thrive.

Financial Planning FAQs

What is financial planning?
Financial planning involves evaluating your current finances, strategies, and goals to determine their attainability. The objective is to gain a comprehensive understanding of your business model and its potential for success.
What are the 7 financial planning steps?

To address a financial plan, we recommend following these seven stages:

  1. Assessing your financial situation
  2. Setting goals
  3. Evaluating the efficiency of your current approach
  4. Developing financial recommendations
  5. Delivering financial recommendations
  6. Implementing recommendations
  7. Monitoring progress
What is the goal of financial planning?
The main goal of financial planning is to ensure you have sufficient capital to achieve your objectives. If your current situation falls short, we can help reassess your goals and develop a long-term strategy to potentially reach them in the future.
How do I know what financial goals to set myself?

Total Business Partners can assist you in defining and achieving your business objectives. Determining your goals requires considering various factors. For example, you need to determine your timeline for accomplishment—where you want to be in 5, 10, or 20 years. Additionally, your risk tolerance and preferred approach are crucial. We offer guidance in identifying the goals that align with your vision.

Is there continued monitoring of finances?

Absolutely! With our financial planning services, we consistently monitor your finances to ensure your plan stays on track. We update your financial plan as needed over time.

If adjustments are necessary to ensure the ongoing success of your financial model, we explore suitable options. Financial models can be modified to adapt to changing economic conditions and personal circumstances. Total Business Partners is dedicated to supporting you every step of the way.

What are the 3 basic tax planning strategies?

While there are various tax planning methods, the three fundamental strategies are:

  • Reducing your income
  • Utilizing tax credits
  • Increasing tax deductions

These pillars of tax planning are essential for maximizing your financial resources. For instance, adjusted gross income (AGI) holds more significance than gross income in tax planning. AGI reflects income after adjustments such as student loan repayments or contributions to superannuation. Making strategic financial decisions like retirement savings can further reduce this figure.

What is a good rate for a financial planner?

As a business owner, finding a financial planner who can help you achieve your financial goals is crucial. The cost of a financial planner varies based on experience, services provided, and the complexity of your financial situation. Typically, financial planners charge a percentage of assets under management or an hourly rate. The ideal rate for a financial planner depends on your specific needs and circumstances.

It’s important to choose a transparent financial planner with a proven track record and the ability to offer tailored advice for your goals. At Total Business Partners, we provide comprehensive financial planning services in Brisbane to ensure your business is on the path to success.

What is the difference between a financial planner and a financial advisor?

The terms “financial planner” and “financial advisor” are often used interchangeably, but there are some differences. A financial planner typically takes a comprehensive approach, focusing on long-term financial goals and developing a detailed plan to achieve them. They may also offer ongoing advice and portfolio management.

A financial advisor, on the other hand, may specialize in specific areas such as investments or retirement planning. It’s important to understand the qualifications and services of professionals, whether they’re financial planners or advisors, to ensure they align with your needs.

Sunshine Coast Financial Planning location

North Lakes Financial Planning location

View some of the additional services we offer in Brisbane to promote success.

At Total Business Partners, our motivation comes from seeing our clients succeed. We strive to deliver the highest level of service and are Xero certified accountants with expertise in structural business planning and financial management. Our comprehensive services are offered throughout Brisbane, including North Lakes, as well as across the Sunshine Coast.

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