Archives

Endorphin Wealth Management Archive

The Benefits of Work in Retirement

I know it sounds a little ironic that we are here talking about the importance of work in retirement, but I can assure you there is some method to our madness. Then and Now Historically, a typical life would consist of 30 to 40 years in the workforce, then completely stop and jump off a cliff. Hopefully you have a parachute for a safe landing, and then enter a life of total ease.Whilst this may have worked in the past, based on our client observations, we see the need for a new approach to retirement.We have a saying that ‘a life of total ease is 2 steps away from a ...

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The Royal Commission Final Report – Endorphin Wealth’s Take

The Royal Commission has released their 530 Page Final Report into the misconduct in the Banking, Superannuation and Financial Services Industry on Monday 04/02/2019.As a firm that has been built on putting our clients before ourselves, we welcome the review into the industry, the regulators, the product providers and the practices offering financial services in Australia.Commissioner Kenneth Hayne started his report by saying financial institutions and their staff have focused too much on the pursuit of profit and personal gain:“Providing a service to customers ...

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7 Most Common Financial Mistakes Made by Doctors

Providing advice to doctors over the years has highlighted some recurring financial mistakes that keep presenting themselves. Below are the top 7 we’ve identified and how you can best navigate them. 1 - Preparing your own tax return The regulations and laws surrounding tax are constantly changing. For doctors with their own practices or with many income streams, navigating your tax return can be daunting. Specialist knowledge is required to ensure you don’t miss out on the opportunity to secure the best possible tax return. It is crucial that your tax return be completed b...

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Longevity and Retirement

There is a perfect storm developing in retirement:- Thousands of Baby Boomers are retiring every week in Australia, and- The 100-year life will soon become common place. The Long and Short of it Longevity is increasing, and a 65-year-old today is living over 10 years longer than their parents and grandparents did. What this means is a longer period to fund in retirement and a requirement for larger retirement benefits.One fundamental problem with retirement planning is that many professionals are under estimating how long they will live. Whilst most people use life...

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Personal Insurance for Medical Professionals

The insurance needs for medical professionals is more complicated than other occupations and requires careful advice regarding your needs. Needs Analysis Part of this financial advice will involve an accurate 'needs analysis'. A needs analysis is conducted prior to taking out personal insurance. It considers your current assets and income, projected future income, liabilities, existing insurance portfolio, and the needs of your family.This information is utilised to calculate the amount of insurance necessary to cover your family. The amount of insurance for a single, newl...

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Negative Gearing – Are Changes on the Horizon?

With the recent election results in Victoria now completed, the nation’s attention is turning to Canberra with one eye on the pending federal election in 2019. It is now a distinct possibility that there will be a change of government, which has us thinking what legislative changes could we expect?Introduction to Negative Gearing Negative gearing has historically been a controversial topic in Australian politics, and it is re-emerging in the media as a potential issue for the next election.In short, investors often borrow money to purchase an income-producing asset. N...

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Guest Blog – Maximising the Return of Your Investment Property

 https://www.melbournerealestate.com.au/agent/lee-bouy/When we talk about maximising the return on your investment property, we’re referring to several factors that should be considered when calculating your rental income over a 12 month period. It’s not just achieving the highest rent, although this plays a big part, there’s also many other aspects to take in to account. Is there an oversupply problem? As an investor, you are more than likely aware that Melbourne’s inner city has seen a huge growth of the number high-rise developments, creating the idea t...

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Endorphin Wealth Management – New Look Team

Endorphin Wealth Management - New Look Team2018 has been another outstanding year for the practice to date. We’ve been fortunate to be able to assist many new clients and grow their assets. We’ve also seen a growth to our personnel over the year with three new employees being added to the team!Glenn, Jack and Alisa have all been wonderful additions to our team – enabling us to provide a much higher level of service to our clients.We’re certainly glad that they’re with us and look forward to watching their careers develop with the practice over the coming ye...

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Congratulations to Robert Rich – IFA Awards – Newcomer of the Year 2018

We’re delighted to announce that Robert Rich has won the award for ‘Newcomer of the Year’ at the 2018 IFA Excellence Awards. It’s an outstanding achievement and a great testament to all the hard work Robert has been putting in for his clients.In his acceptance speech, Robert praised the support of his family, the team at Endorphin Wealth and particularly the support of his mentor and Endorphin Wealth’s Director – Phillip Richards.We look forward to Robert continuing to provide his clients with outstanding service in the years to come!For an obligation f...

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It May Be Time to Reconsider What Retirement Means to You

Whether you’ve been told you should retire at 62, 65, or some other age, only you can decide what is right for you. In fact, you may want to reconsider retiring at all, at least in the traditional sense.Many of us don’t like the circumstances we find ourselves in and look at retirement as the nirvana we’ve been missing. The truth probably lies somewhere between completely dropping out and never retiring.The reason many of us find ourselves in such situations is that we have been sold on an idea about retirement that is flawed: the idea that we should do what we don...

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What our Clients Say

  • Robert Rich is a gun and has been a pleasure to work with, he spent a lot of time asking questions and listening to both my husband and I to get a deep understanding of our current financial situation of who we are and where we want to be. His advice has been comprehensive and easy to understand. The genuine interest and enthusiasm he has demonstrated has made the whole experience to date, fun and engaging (it has also been awesome to see some great financial results!). Rob is a great communicator and is always available to chat, meet up or respond to an email. We wish we had seen Rob earlier, and plan to have him as our advisor now and into the future, I have and will continue to recommend him and his services.

    - Ellen Bond

  • Rob has been fantastic helping us set all our financials in order. We didn't want to have to worry about any of this stuff day to day. Rob put together a set and forget strategy that will see us in good shape for the future. Good guy, good advice, great help. Thanks again Rob

    - Andy Wright

  • My husband and I had a wonderful experience with Rob. He is genuine and honest. He has done amazing things with our finances to ensure our future is set up the right way. He has gone above and beyond our expectations. I highly recommend Rob, he is an expert in his field.

    - Anthea Husing

  • love working with Robert. He is highly skilled, practical and empathic. Nothing is a problem and he goes ‘above and beyond’. I have no hesitation in recommending Robert as an excellent financial advisor.

    - Rebecca Carter

  • Robert has managed our finances over the last 12 months as if they were his own. He has an eye for detail and is incredibly enthusiastic. We have recommended him to all our friends & family.

    - A. Miles

  • Rob has handled our finances for some time now. He provided us with sound advice and options. I highly recommend his services.

    - Mathew Quinton

  • Robert Rich provided me excellent financial advice and assistance in finding the right insurance for me. He was incredibly patient, and I'd recommend him without hesitation.

    - Edward Murrell

  • Rob has been helping me with my finances for just over 12 months now and i couldn't be happy, he is a wealth of knowledge and is amazing at what he does.

    - Paul Scott Ray White

  • Phillip and the team provide quality advice. They carefully explain the available options and clearly set the client's interests as the priority.

    - Jon Sutton

  • Rob has provided fantastic advise and clarity to myself and clients

    - James Ruddick

  • Great guys! Amazing financial advice.

    - Jay Boston

  • I cannot say enough about their professional manner and would highly recommend anyone I know to seek their services

    - Heather B

  • Your knowledge of the financial market is up to date and your approach to my portfolio has been proactive

    - Michael S

  • Thanks to Endorphin, I am now on the path to that dream of mine

    - Jake F

  • The plan has definitely made a big difference to my lifestyle

    - Josie W

  • It has been quite exciting and very comforting to have Endorphin looking after my financial future

    - Susan A

  • They provided me with a sense of direction and security that I did not have previously

    - Michelle C