Is How You Manage Your Money Aligned to Your Values?

Have you ever watched a hamster running in a wheel? All that running, all that effort, day after day after day … But the poor little thing never really gets anywhere.


Many of us feel the same way about our money.


More specifically, people feel that way about the work we do to get that money. We spend forty hours every week on a wheel, running after a paycheck. And then, first thing Monday morning, we’re back on the wheel, and the whole cycle starts over.


Many people just keep repeating this cycle, over and over, until they finally retire. They think that stepping off the wheel just isn’t an option because they have bills to pay, ongoing living expenses, and a dream to be “financially set” before retiring from work.


How much is enough?

These are all persuasive arguments that keep people on the wheel. And the hope is that someday, you’ll be able to stop running and enjoy the fruits of all that hard work.


Unfortunately, more often than not, “someday” never comes. There’s always another dollar to chase. But for what? Is having more and more money, in and of itself, something that you really value? Does having more make running on the wheel worth it?


The wind in your sails.

At the end of the day, your money is not the shore we’re sailing for. It’s not the sea you’re sailing on. It’s not even the boat you’re steering.


Your money is the sail. It’s the tool you use to get where you want to go.


And the wind in that sail is your values.


Just like a good sailor learns how to maneuver the sails to catch the most wind, aligning what’s most important to you with your financial resources is the key to successful financial planning.


So instead of asking yourself if you have enough money, or if you will run out of money, ask yourself a better question:


Am I managing my money in a way that’s improving my life?

I don’t want you just to “have enough money.” I want you to live the best life possible with the money you have.

That starts with:

  1. Thinking about what’s really important to you.
  2. The people whom you love.
  3. The causes that are dear to your heart.
  4. The activities that keep you feeling fit and full of energy.
  5. The hobbies that put your unique skills to their highest uses.
  6. The opportunities for learning and self-discovery that enrich your understanding of the world and of yourself.
  7. The wisdom that you will pass down to your children and grandchildren so that they live their best possible lives as well.

We believe that aligning your financial plan with these values is every bit as important as reviewing your superannuation or managing your investments. Come in and see how our interactive tools can you help plan for your whole life and get more from your money than just more money.

The team at Endorphin Wealth Management is happy to assist with helping you achieve a positive outlook on your financial situation.

For an obligation free discussion, call us on 03 9190 8964, or schedule a meeting at

Turbo-Charging Your Super – How To Grow Your Superannuation Fund

Starting from the 2019-20 financial year you can direct more into your super and tap into a concessional tax rate

Your superannuation is your main means of funding a comfortable retirement. So, growing your super should be an important focus in investing for your retirement.

The tax benefits you receive when saving via your super make it one of the best ways to boost your savings while building a retirement nest-egg.

A recent study showed many retired Australians would have opted to make extra contributions to their superannuation if they could.

Unfortunately, it’s not always easy to find the spare funds needed to make those additional investments in your superannuation.

However, there are times in your working life when you have the flexibility to direct funds into your super. Happily, the new legislation allows you to channel additional contributions into your super that attract the concessional tax rate.

Concessional Contributions

Contributions into your superannuation fund attract special tax treatment. The majority of us will find ourselves paying less tax on our superannuation contributions than we do on our personal income.

These concessional superannuation contributions can be made:

  1. By your employer via salary sacrifice or a superannuation guarantee payment
  2. By you personally via your deductible superannuation contributions.

A cap exists on the maximum amount you may direct into your superannuation at the concessional rate of tax annually. Currently, that cap is $25,000.

Until recent changes in the regulations, your cap reset each year. If you didn’t contribute the entire $25,000 into superannuation that year you forfeited your access to the unused amount. However, you are now allowed to carry forward those unused superannuation contributions for a maximum of five years.

Concessional Contribution Eligibility

The rules governing these catch-up additional superannuation contributions are:

  1. Eligibility for concessional superannuation contributions applies to those with a superannuation balance of under $500,000 as of June 30 in the previous fiscal year
  2. The new carry-forward period of five-years commenced on 1 July 2018 meaning the 2019-2020 financial year is the first year you are allowed to use your untapped superannuation contribution cap to make additional concessional superannuation contributions
  3. A work test rule continues to apply for those aged 65+
  4. The standard notice requirements remain in force for personally deductible contributions
  5. Unused concessional superannuation contributions may now be carried forward for up to five years whatever your total superannuation balance happens to be but expire following that time.

These new provisions may prove especially helpful for people who have gaps in their working careers. This will enable them to catch up with their total potential superannuation contributions. It will also assist people nearing retirement age to optimise their savings towards their retirement while minimising their tax obligations.

Additional Strategies To Turbo-charge Your Super

Other investing strategies for growing your superannuation to fund your retirement include:

  • Making super contributions for a spouse on a lower salary enabling you to qualify for a tax offset
  • Access government co-contributions if your earnings fall below a set income threshold
  • Contribute up to $100,000 towards your superannuation fund as a non-concessional after-tax contribution. For those under age 65, you can bring forward two years of this cap, enabling you to contribute up to $300,000 in a year.

Everyone’s superannuation situation is different. Growing your super can be one of the smartest investment decisions you can make to provide for your retirement. So, wherever possible look to boost your savings. However, the regulations governing superannuation are complex. Check to see how the recent changes affect you and always seek qualified, professional advice.

The team at Endorphin Wealth Management is happy to assist with helping you achieve your financial goals.

For an obligation free discussion, call us on 03 9190 8964, or schedule a meeting at


Longevity & 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 commonplace.


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 expectancy statistics to determine how long they will live and how much they need in retirement, the issue with these tables is that 50% of people live beyond their life expectancy.

Whilst living an extra 3 to 5 years may seem irrelevant over someone’s lifetime, the finance impact is vast if left unaccounted.


Effects on your Retirement

Living an extra 5 years in retirement could mean you need an extra $200,000 in retirement saving (based on income requirements of $50,000 per year).

When planning for retirement, it is important to consider the financial / lifestyle impact of living beyond your statistical life expectancy. At Endorphin Wealth, we craft our advice to include a strategy for longevity, such as:

  • Funding options available to reduce the impact of longevity.
  • Discussions around the non-financial impact of longevity.

As a starting point, we always assume the client will live beyond their life expectancy by an extra 5 years. There are a number of strategies we use to address this scenario, depending on the client’s needs/circumstances.


Case Study – Ms Jackson

The chart below is a real client example where their life expectancy was 88 (i.e. 2032). We structured her investments, superannuation and income streams to ensure her income requirements of $100,000 per year would be met, well beyond her life expectancy. The different coloured columns represent the different income streams we established as part of the strategy.


It is important to note that no outcome can be guaranteed, ultimately whether you are able to achieve your goals & objectives depends on your personal circumstances, changes to government legislation and investment performance. This highlights the need for ongoing advice.


Ongoing Service

Ongoing advice is critical to the process as an individual’s lifestyle can change quickly when they finish working. Endorphin Wealth recommends that, as part of responsible retirement planning, you regularly review your strategy to ensure it remains in line with your desired retirement lifestyle needs while considering your longevity and life expectancy.

The team at Endorphin Wealth Management is happy to assist with helping you achieve your retirement goals.

For an obligation free discussion, call us on 03 9190 8964, or schedule a meeting at

Media Release: Endorphin Wealth Launches Managed Discretionary Account Service

Increased investment oversight, specialist asset allocation, timely execution and live client access from the convenience of a mobile phone.

These are just some of the benefits Endorphin Wealth’s clients are enjoying since the launch of its Managed Discretionary Account (MDA) service.

Endorphin Wealth recently added its MDA to an already impressive range of advisory services, much to the excitement of Endorphin director Phillip Richards.

Endorphin’s MDA service is the product of a collaboration between investment consultant Oreana Portfolio Advisory Services, licensee Lifespan Financial Planning and platform provider BT Financial Group.

Mr Richards says provides Endorphin clients with significant additional investment experience and oversight, as well as exceptional technological capabilities.

“We are really excited to be able to bring this service to our clients and the market,” Mr Richards said.

“We believe the collaborators we have brought together to make this MDA possible, coupled with our excellent in-house advisory skill set will enable Endorphin to achieve outstanding results for our clients.”

Mr Richards said that in a time of relative uncertainty in the financial markets, the ability to act quickly was key to achieving positive outcomes for Endorphin’s clients.

At the same time, the added layers of advice and governance provided by the MDA’s collaborators meant that speed never comes at the cost of rigour.

“The take-up of this service from our clients has been extremely positive,” Mr Richards said.

“The positivity around the extra capability this brings us as their advisers have been well received.

“They are getting a whole new level of detail when it comes to how assets are allocated with the additional insights and reporting from Oreana, and they can see everything in real-time through the BT Panorama mobile app.

“And they’re getting this for essentially the same management fees they were already paying.”

The MDA offers a range of investment portfolios catering to different client strategies, objectives and risk profiles.

Lifespan CEO Eugene Ardino said he was happy to be able to support the firm on this next step of its development.

“Endorphin is one of our bigger and faster-growing firms,” he said.

“We think the main benefits of an MDA to the client are that they enable the adviser to provide a much more efficient and active portfolio management service.

“There are essentially three layers of review for everything, from the asset allocation to the fund managers and as licensee part of our role is to work with Oreana.

“Endorphin will also review all asset allocations as well, so there are several layers of review which I think provides quite a thorough and comprehensive service that is well set-up to provide optimal outcomes from the clients.”

Oreana Head of Portfolio Advisory Shane Hawke said he too was excited by the collaboration.

“There’s a clear professional and passionate approach to improving client outcomes from all parties,” he said.

Oreana brings a wealth of investment experience to the table, with CEO Luke Moore having previously been head of National Australia Bank (NAB)’s Private Wealth Advisory capability across Asia.

Oreana also boasts the considerable expertise of Chief Investment Officer, Dr Isaac Poole, whose considerable experience includes prior roles at such as Chief Economist at NSW Treasury Corporation and Willis Towers Watson as the Head of Capital Markets Research in the Asia-Pacific.

Hawke said that Oreana’s investment experience, coupled with its strong investment governance, would help Endorphin and their clients achieve their goals.

“Our investment strategy applies a fundamental valuation-based approach that brings together strategic allocation, dynamic asset allocation and manager selection to optimise risk-adjusted returns.

“I think the key element here is Endoprhin’s desire to meet their client’s goals and recognising that they need to introduce additional support to fulfil that.

“From Oreana’s perspective, we believe our investment expertise and investment governance are quite important to success.”

Chris Mather, Head of Distribution at BT Financial Group, said it was fantastic to be working with three specialists in their areas of expertise.

“When specialists come together like this, it means better focus and better risk management that delivers better outcomes for clients,” he said.

“BT is the custodian of the assets in the MDA, and we also provide the front-end experience to different parties.

“Our role is allowing the different people involved, from the client to the adviser to the licensees to connect and ensure the end client can see how their investments are working, what changes are made in terms of asset allocation, reporting and more.

“It means there is no lag time between the idea and execution, and we’re happy to be providing the architecture and play our part in helping Endorphin make this MDA possible.”

More information on each collaborator can be found at:

Oreana Portfolio Advisory Services

Lifespan Financial Planning 

BT Financial Group


The team at Endorphin Wealth Management is happy to assist with helping clients achieve a positive outlook on their financial situation.

For an obligation free discussion, contact Endorphin Wealth at 03 9190 8964, or schedule a meeting at


Dr Isaac Poole CIMA®, Oreana Chief Investment Officer

Endorphin Wealth collaborates with Oreana Portfolio Advisory Services under the expertise of Dr. Isaac Pole whose prior roles included Head of Capital Markets Research at Willis Towers Watson, and Chief Economist at NSW Treasury Corporation. Oreana’s investment expertise and strong investment governance would help Endorphin wealth and its clients achieve their financial goals.

Robert Rich

Congratulations to Robert Rich for Completing his CFP® studies

We are delighted to congratulate our director, Robert Rich for completing his Certified Financial Planner (CFP)® studies over the last 2.5 years.

The CFP® signifies the highest designation in financial planning and is coupled with a commitment to the highest ethical standards. The CFP® designation is recognised in over 26 countries around the world and requires ongoing commitments to continual professional development.


The CFP Competencies are categorised into eight areas:

  1. Financial Planning Principles, Process & Skills
  2. Financial Management
  3. Tax Principles and Optimisation
  4. Investment Planning & Asset Management
  5. Risk Management and Insurance Planning
  6. Retirement Planning
  7. Estate Planning & Wealth Transfer
  8. Integrated Financial Planning


These broad technical knowledge areas provide a framework within which the abilities and knowledge expected of a financial planner can be mapped. Robert is thrilled to have completed the CFP® course and is already applying the knowledge to his client’s circumstances.

If you’d like to book in a time to speak with Robert, please contact him at or 0466 554 234