Blog

How Does Buy / Sell Insurance Help Your Business?

If you own a business in partnership, there is always the risk of you or your business partner being unable to work due to injury, serious illness or death. Buy / Sell Insurance can be vital to your business succession plan as it may answer the question: “Would I be able to afford to buy out my partner’s share of the business if they passed away or were not able to work in the business?”A Buy / Sell Insurance policy can provide a lump sum to be paid out to the remaining owner(s), their spouse or their estate in the event of death or if they are leaving the business d...

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Phillip Richards – Money & Life Article

Congratulations to our Director Phillip Richards featured in an article on the Money & Life website:https://www.moneyandlife.com.au/financial-planning/the-two-of-us-josie-and-phillip/ ----------The two of us: Josie & Phillip There’s never a dull moment in Josie’s lifestyle. Whether she’s travelling the world, creating art or catching up with her grandkids, she’s making the most of every moment. Discover how working with Phillip Richards AFP® from Endorphin Wealth has helped her fit everything into her budget: Josie I’m lucky enough to lead a very r...

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Why Is Retirement Planning Important

Regardless of your age, it is important to start contemplating your retirement – as with most things in life, the younger you start planning, the better!As we all know, the best laid plans can be derailed by life events and other, more immediate focuses - this therefore makes planning for retirement even more important in order to help ensure you reach financial independence once you reach the end of your working careers. Here are our top reasons that explain why retirement planning is crucial: 1. Planning is CriticalIt is human nature to assume that “thing...

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Robert Rich – IFA Article

Congratulations to our advisor Robert Rich featured in an article on the IFA website today:https://www.ifa.com.au/strategy/26500-passion-for-finance ----------Passion for finance by Eliot HastieRobert Rich found his way into financial advice after a bad experience with an adviser. Since then, it has become his passion.“I’ve got to work hard but I’m just genuinely loving what I’m doing. They say if you love what you’re doing then you never work a day in your life. It’s so true,” he says.Mr Rich is a relative newcomer to the financial advice ind...

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How Does a Financial Advisor Assist Business Owners?

Business owners often have busy and complicated lives. They are required to succeed in a variety of responsibilities from managing staff, monitoring cash flow, to developing client relationships. This may leave very little time to consider their own personal or long-term financial goals.A financial advisor is an important addition to your team to ensure your personal goals are met and that you can take advantage of all the business opportunities presented to you. 8 strategies business owners need to consider 1. Choosing Your Financial AdvisorChoosing a financia...

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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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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