Phillip Richards – Money & Life Article

Phillip RichardsCongratulations to our Director Phillip Richards featured in an article on the Money & Life website:


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:


I’m lucky enough to lead a very rich and rewarding life, full of friends, family and fellow artists here in Melbourne. After my divorce, I managed to buy my apartment which keeps a roof over my head, but I was relying on my pension to meet other living expenses.

I did have money invested in shares and when I wanted extra income I’d get my broker to sell some. It felt like I was having to dip into my nest egg to keep doing things that were important to me, like buying art materials or spending time with my son who lives in London.

So when my bank manager introduced me to Phillip, it was a great opportunity to completely transform my whole outlook on money and retirement. As I’m on my own, it’s very important that I can take care of myself financially for the rest of my life. Phillip has really taken that on board and come up with a plan that gives me the income I need, without running down my savings.

With a more generous regular income, I have the freedom to make exciting plans from one year to the next. Visiting my son in London is one of my top priorities, especially since he became a father last year. I travelled there soon after my granddaughter Pearl was born and I’ll be returning soon for her first birthday. And while these trips definitely have a family focus, I also enjoy my side trips to Spain and Italy, taking in the amazing culture and art in places like Barcelona, Seville, Venice and Rome.

Although I love exploring the world, I have so many reasons to feel grateful when I return home to Melbourne. I get to enjoy indulging my other two grandchildren living with my son and his wife in Kew. It’s such a privilege to be a grandmother and have all the fun with much less of the responsibility!

JosieYoung people are an important part of my family and my artistic community so I make regular donations to children’s charities, here in Australian and overseas as well as volunteering as a mentor to younger artists at my shared studio space. Thanks to the financial plan Phillip has put together for me and the income that it creates, I have enough to look after myself as well as some extra to do what I can for others.

Thinking about where I’d be now without the benefit of Phillip’s advice is quite scary. I was relying on just one type of investment before because I didn’t really know what my options were for making my money go further. He communicated it all to me so clearly, I knew I was making the right choice to go with his recommendations. And it’s paid off for me in all sorts of ways, as we’ve become good friends along the way. With our shared love of art and Italian food, there’s always plenty to talk about after the money part of the conversation is all taken care of.


When I asked Josie about her life goals, it really came down to two things – being able to continue with her art, and be part of her son and granddaughter’s lives with regular visits to London. As things stood with her finances then, it made her feel very vulnerable to be drawing on her savings as it’s the only reliable source of income she has, apart from her pension. This is a situation that’s quite common for people after divorce and bereavement. They end up with a fixed sum to last them a lifetime and if they lose that money, their financial security goes with it.

Establishing trust between us was a very important part of the advice process and it doesn’t happen overnight. Getting to know Josie and what matters to her was essential to coming up with the right recommendations for her financial plan. It also gave her time to understand that I was committed to getting the right outcome for her money and her future.

Josie is definitely one of life’s explorers and I could see that she already had what she needed, financially-speaking, to follow her innate sense of adventure and put her life goals within reach. So I put together a plan to move her investments into a conservative blend of assets, including bonds and annuities. This gives her a boost to her income to cover regular expenses like art supplies and to pay for adventures overseas. Her capital is well-protected so she can rely on this money coming in, knowing she isn’t drawing down large sums from her savings to create the extra cash flow.

Josie and PhillipJosie has really opened my eyes to all the variety and talent in the Melbourne art scene. She shows an extraordinary commitment to fostering young artists and using her own experience to help them find an audience for their work. She’s often said how grateful she is to me for stepping in and helping her enjoy the financial freedom to see her family overseas from year to year.

But I’m just as grateful to her for helping me follow my passion for arts and culture right here on our doorstep. It’s been a very warm and rewarding relationship between us and I always look forward to catching up with Josie over a glass of Prosecco after an exhibition opening at the studio.


For an obligation-free conversation about your financial future, Phillip Richards can be contacted on 0477 004 455 or at

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  • Rob has been our advisor for around 6 months now and to say we’ve been happy with his service is a huge understatement. His attention to detail, responsiveness and general customer service are exceptional. We’re now on the path to a much brighter retirement and hopefully reaching it a few years earlier too!

    - Luke Fleming

  • Glenn Malkiewicz has been a great help in setting up my finances for post retirement. He explained everything clearly in words I could understand and answered my questions promptly and succinctly. I now feel very comfortable about my future going forward. His friendly manner makes him a pleasure to work with. I look forward to consulting with him in the future.

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  • I’ve recently settled back in Australia, and Rob has been a godsend to me and has quickly become a trusted advisor. After living abroad for 12 years, he has helped me get orientated here and eased many of my anxieties about getting organised in a new country. Rob is always enthusiastic and keen to help out. No problem has been too big or small for him. He is so easy to work with, he has been reliable and available and he responds my silly emails in an impressive time frame. Rob makes a consistent effort to make sure you are up to speed and pleased. I’ve seen great results so far and I’m very glad I’ve chosen Rob and the team at Endorphin. Top notch group of professionals!

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  • It’s always a wonderful experience working with rob rich. His financial advice, care and customer service is beyond exceptional and can trust that we have our finances in the right hands. Only one phone call away rob is always happy to assist and we will definitely continue to recommend him to friends and family

    - Deanne Palza

  • My husband and I wanted to find a trusted partner to advise us on our financial plans and help grow our wealth. We met with a couple of firms before meeting with Rob and they just didn’t grab us and it just didn’t feel right. One meeting with Rob and we were both sold on the spot that Rob was our man. And we haven’t looked back. Rob offers a very prompt, efficient and client focused service and always keeps us up to date and on track with what is happening with our portfolio. We couldn’t be happier with the service we’ve received from Rob and wouldn’t hesitate in recommending him to others looking for a trusted financial advisor.

    - Simone Fleming

  • 5 Stars to Rob Rich. Fantastic to work with, caring nature and a Human with a gold heart. Highly recommended.

    - Tania Sasik

  • Phillip and the team are completely focused on delivering excellence for their clients.

    - Rob Ryan

  • What an amazing man! Down to earth, realistic and honestly knows his stuff. I have never felt so comfortable leaving my finances in the hands of another person and all it takes is one chat with Robert and he will put you at ease. Thanks, Rob

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  • My wife and I have been fortunate enough to work close with Robert and he has been amazing. Its really special to feel like you are actually cared for and know I am in good hands with our plans. I recommend Robert and his team to anyone. Thank you again for making our experience so memorable.

    - Pep Karalus

  • It was a pleasure to engage Rob to assist with a review of my fiances which included financial modelling of 3 options for my property plans and a review of personal insurances tailored to my needs. He displayed great patience and understanding throughout my journey and gently sent reminders for paperwork he needed without being pushy. He was contactable in person, email, text messages even outside of standard business hours. The plan he produced was not only tailored to me, but his approach and style he adopted was very tailored as well. The future of Financial planning in in safe hands with approaches like Rob’s.

    - Amrish Jusrut

  • Rob and Phil and their wonderful team provide excellent service with the unique combination of award winning professional insights, personalised service and real and genuine care about our future

    - David Klingberg

  • Robert is one of the nicest and most knowledgeable financial advisors I have come across. After previously dealing with advisors that left me disheartened Robs patient and understanding approach mixed with his positive attitude and in-depth knowledge is unparalleled .

    - Jordan Adams

  • I would highly recommend Rob as a caring and passionate financial advisor. Before meeting with rob I felt very apprehensive about discussing our financial situation but rob quickly put my mind at ease and made me feel very comfortable. He asked lots of questions in order to ascertain our true situation and tailor advice accordingly. Beforehand I was nervous about our financial future moving into retirement but his advise showed us how we cam move forward with confidence, taking the worry away. We will be staying with rob for the long term

    - Alison Taylor

  • We have been working with Robert since February this year, just prior to the birth of our second child. He has been a pleasure to work with and has provided comprehensive financial advice to us. Robert takes the time to get to know you and your family so that he can fully understand your financial situation and what your plans and goals are for now and into the future. He is extremely knowledgeable and very passionate about his job. He is a great communicator, responds to calls and emails promptly, and displays a genuine interest in our family. I have no hesitation in recommending Robert and Endorphin Wealth Management

    - Pauline Opie

  • Rob Rich has a well-earned reputation for providing articulate and direct financial advice and he has been the consummate professional for me, particularly regarding my superannuation. His intelligent approach and outstanding knowledge has been second to none. He's a great communicator and has done a fantastic job of translating complex financial issues and concepts into terms that are easy to understand. I would certainly recommend Rob and Endorphin for his well considered and practical advice.

    - Melinda Fabrici

  • Phillip has been my financial advisor for the last few years and I could not be happier. The outstanding retirement planning and financial advice that Phillip provided has put me in the best possible position to enjoy my future with confidence, for which I am extremely grateful.

    - Judy Anderson

  • Phil is attentive and super communicator, great advisor.

    - Peter Sagar

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

    - Rebecca Carter

  • Phil and the crew are very solid financial planners/advisors and provide excellent customer service.

    - Ian Johnson

  • Great company, wonderful people and a genuine focus on delivering the best for clients.

    - Gavin Tan

  • Great advice. Worth listening to.

    - Natasha Trenoweth

  • Excellent service and advice, highly recommend!

    - Alex Groh

  • Phillip and the team at Endorphin have looked after my financial affairs for a few years now and I could not be happier. They are pro active with communication, experts at investment advice and are friendly and great to deal with. They are my trusted financials professionals. I highly recommend them if you are looking for a financial planning team that will look after you for the future.

    - Stuart Coulthard

  • Phillip and the team are experts in their field of financial advice and investments.

    - Paul Drossinos

  • Great financial planning and advice.

    - New Dawn Pavings

  • 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.

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  • 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.

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  • 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.

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

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

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

    - Michelle C