2020 – Client Referral Prize Draw

We are excited to share that we’re re-launching our referral prize draw promotion for our existing clients to reward them for referring friends and family members. We’d love the opportunity to assist the people they know to reach their own financial goals!

Leeuwin Estate Art Series – 2016 Sauvignon Blanc, 2016 Riesling, 2012 Sauvignon Blanc Semillon, 2014 Chardonnay, 2014 Shiraz and 2013 Cabernet Sauvignon

Entering the draw is easy, simply refer your friend or family member to have an obligation-free appointment with us and you’ll be entered into the draw to win a combination of 6 beautiful Leeuwin Estate ‘Art Series’ wines valued at $300.00.

The promotion runs from Saturday 02/01/2020 until 12 pm on Sunday 31/05/2020. There is no limit to the number of entries a client may refer. The draw will be held on Monday 01/06/2020 at 2pm and we will notify the winner shortly afterwards.

Comprehensive analytics and research

We invest a great deal of time and effort researching the best tax effective investment strategies for our clients. We have developed a number of systems to manage and track the marketplace.

The investment landscape always evolves and it is more important than ever to consider your investments and superannuation funds carefully. We pride ourselves on being experts in researching opportunities, investments and strategies that fit in with your retirement goals. We want, our clients to get on with enjoying their life rather than worrying about money.

For an obligation free conversation about your financial future, please contact us on 03 9190 8964 or at advice@endorphinwealth.com.au

This information is general in nature and does not take your personal situation into account.

Contact Us for quality financial advice so you can feel good about your future.

Endorphin Wealth Has Arrived In Sydney

We’re very excited to announce that Endorphin Wealth has expanded into the Sydney market with two experienced advisors ready to deliver the same high-quality service standards we have become renowned for.

Sanjeev Sharma & Ray Kan

Based in Bligh Street in the heart of Sydney, Ray Kan and Sanjeev Sharma have impressed us with their energy and passion for providing client-focused advice to their clients. They’re also perfect fits to our culture that we pride ourselves so heavily on!

So if you’re living in the Sydney area and are looking for some quality financial advice, book in an obligation-free appointment with the team on the details below.

 

Ray Kan

0414 283 782

ray@endorphinwealth.com.au

 

 

 

 

Sanjeev Sharma

0414 259 643

sanjeev@endorphinwealth.com.au

 

 

 

 

The Importance of Business Goals

Are you ‘working on’ or ‘working in’ your business?

Just like in your personal life, business owners need to set well-defined goals to allow their business to grow, provide direction for the company, and improve morale amongst employees. It’s crucial to step outside your business occasionally to review your processes.

Office

To maximise the effectiveness of the exercise, you need to consider how your business is faring by analysing it’s strengths and areas it could improve. Some tools and strategies to help you assess your business include:

  • Market research

Keep your finger on the pulse of your market and the industry your business trades in. This will help you to look at trends, your customer’s changing needs, and updates to technology that could benefit your offering.

  • A SWOT analysis

This technique has been used for decades by business owners looking to get a clearer understanding of their company. It identifies your business’s Strengths, Weaknesses, Opportunities, and Threats.

  • Benchmarking

Keep your friends close and your enemies even closer! Researching similar companies in your industry can help you to learn what strategies work best to become successful. It could also help you to avoid mistakes too!

  • Setting Goals

It can be tempting to brainstorm grand ideas in your business. They can help your business to grow, but it is important that your goals are also somewhat realistic. SMART goals are:

Specific – Being crystal clear about what you want to achieve eg ‘I want to double my revenue to $2m by December 2020’.

Measurable – Use metrics developed above so you can track towards your goals and you know when you have achieved them.

Achievable – Ensure you have the resources to meet your goal. This could include staff, training, funding or equipment.

Relevant – A goal needs to be appropriate to your business, for example a relevant goal could be increasing profit or employing more staff

Timely – You must set a realistic deadline for the goal, otherwise you run the risk of waiting years for a result

  • Achieving Your Goals

Breaking down your goals into smaller pieces will make them easier to achieve. There are a number of things to consider when planning your business strategy, including:

Time Frame – How long do you expect to spend working on each task?

Actions – Make sure you describe in detail which actions you will each take.

Responsibilities – Be clear about who is responsible for achieving each step.

Resources – Be detailed about what supplies, how many staff, and what budget you will need.

The Desired Outcome – Describe what you expect to be the outcome of your actions and at what point you will know when the goal has been achieved.

  • How Will You Know When You’ve Achieved Your Goals?

If you integrate your goals into your business plan, they will be easier to track. Having a system in place will keep your goals measurable and top of mind. The accountability process can be as simple as ticking off a to-do list or a complex measurement process, but remember to reward yourself and your employees when you reach your goal.

Behind every great business is a great strategy. Come speak to one of our advisors at Endorphin Wealth to discuss your financial strategy today. For an obligation free discussion, call us on 03 9190 8964, or email us at advice@endorphinwealth.com.au.

How to Build a Diversified Portfolio

Don’t put all of your eggs in one basket.

It sounds so cliche’ these days, but the importance of diversification cannot be overstated.

So what does it mean to diversify your investment portfolio? A diversified portfolio is one with investments in different assets classes – for example, shares, real estate, and bonds. It will also likely include an array of geographical locations and industries. This ensures that if one aspect of the market is not performing well, you will not lose all your money and maintain the potential to make money in other asset classes.

We consider the below elements when building a portfolio for our clients:

  • 1. Keep an eye on the prize

Buying and holding is a valid long-term strategy, but we still need to maintain an eye on the investments rather than remain on autopilot. Staying on top of any changes in the investments and overall market conditions means that there is the option of selling down the investments, and transferring the funds elsewhere if necessary.

  • 2. Spread the seeds

Investing in stocks can be quite lucrative, but it is important that our client’s money is not tied up in just one specific stock or sector. We invest in companies across many locations and industries to reduce the risks associated with investing.

  • 3. Consider your defences

Fixed-income investments are a diversification strategy that can help protect you against market uncertainty and volatility. These are generally long-term investments where our client’s wealth will be protected from most market events.

  • 4. Watch out for fees

The costs of holding the selected investments always needs to be a consideration when building a portfolio. There may be platform fees, investment fees, management fees and performance fees, but we strive to keep these as low as possible for our clients to ensure they’re receiving significant value from their investments.

  • 5. Continue building the portfolio

Adding to our client’s investments on a regular basis, using dollar-cost averaging, helps their portfolio be more resilient to changes in the market. Dollar-cost averaging is a strategy that allows you to buy a set dollar amount of an investment at regular intervals. This allows our clients to consistently grow their portfolio by buying more shares when prices are low, and fewer shares when prices are high.

How the Endorphin Team can help

Endorphin Wealth can give you a head start on your investment journey. Our team of advisers will help you determine your financial and lifestyle goals, then choose a portfolio based around your unique needs, so you can feel empowered knowing your investments are aligned to your goals.
For an obligation free discussion, call us on 03 9190 8964, or email us at advice@endorphinwealth.com.au

Best Boutique Wineries in Victoria

We love to get out and explore regional Victoria in our down time. There’s so many stunning areas to choose from, but we find we’re often sharing stories with client about the best boutique wineries for a day trip.

So whether you are retired with some extra time on your hands or looking for a venue to stage a function, Victoria offers many choices to explore. Below we’ve collated our top five:

  • Mandala Wines

Only an hour from Melbourne in the heart of the Yarra Valley, Mandala Wines offers a stunning country setting and a family friendly atmosphere. Mandala Wines has been a family-owned business since 1999 and has expanded across two sites at Dixon Creek and Yarra Junction.

An on-site restaurant is available with spectacular vineyard and valley views with a specialisation in fresh pizzas using vegetables from the kitchen garden and locally sourced meats.

  • Passing Clouds

Established in 1973, Passing Clouds is in its second generation of operation. North west of Bendigo, the founders chose a dry area which was previously an old gold mining site. The first vines planted were Shiraz and Cabernet Sauvignon, designed to make a classic Australian blend. Passing Clouds now has an emphasis on cool climate Pinot Noir and Chardonnay sourced from their secondary site in the Macedon Ranges.

Tastings and dining options are available at the Cellar Door just outside of Daylesford, where you will be catered with a thoughtful menu that evokes the feeling of dining at a friend’s house rather than a restaurant.

 

  • Seville Hill

Nestled in a cool and elevated portion of the Yarra Valley, Seville Hill benefits from the rich, volcanic soil famous in the area. Originally focused on fruity red wines, there has been a push to include white, dessert style, and sparkling wines at Seville Hill in recent years.

Tastings, events, functions, and even weddings can be hosted at this venue with stunning views of the Warburton Ranges and Yarra Valley. Summer Jazz is a weekly event held from October to April, where you can enjoy great wine, food, and beautiful music.

Best Boutique Wineries in Victoria

  • Sir Paz Estate

Sir Paz Estate is also situated in an area of volcanic soil in the southern hills of the Yarra Valley. The winery is the highest altitude valley in the Yarra Valley and produces wines of fantastic depth with excellent aging potential.

Just over 50km from Melbourne, if you are seeking an event location with picturesque views and exquisite food and drink then look no further than Sir Paz Estate.

  • Montara Wines

Situated 200km west of Melbourne in the Grampians region, Montara Wines is more suitable to enjoy while on a weekend away rather than a quick day trip. The drive will be rewarded with panoramic views of plains and mountains as the vineyard is situated on the eastern slopes of Mount Chalambar.

Some of the 40+ year old vines include shiraz, pinot noir, and riesling with more recent additions of chardonnay, sauvignon blanc, cabernet sauvignon, and merlot.

Being able to afford the finer things in life does take some financial planning, so you can feel more comfortable spending money on the people you care about. For an obligation free discussion, call us on 03 9190 8964, or email us at advice@endorphinwealth.com.au

2019 – Client Referral Prize Draw

2019 – Client Referral Prize Draw

Some exciting news for our clients – we’re re-launching a promotion for our existing clients to reward them for referring friends and family members. We’d love the opportunity to assist the people they know to reach their own financial goals!

Leeuwin EstateLeeuwin Estate Art Series – 2016 Sauvignon Blanc, 2016 Riesling, 2012 Sauvignon Blanc Semillon, 2014 Chardonnay, 2014 Shiraz and 2013 Cabernet Sauvignon

Entering the draw is easy, simply refer your friend or family member to have an obligation free appointment with us and you’ll be entered into the draw to win a combination of 6 beautiful Leeuwin Estate ‘Art Series’ wines valued at $300.00.

There is no limit to the number of entries which close at 12pm on Friday 22/11/2019. The draw will be held on Friday 22/11/2019 at 2pm and we will notify the winner shortly afterwards.

Comprehensive analytics and research

We invest a great deal of time and effort researching the best tax effective investment strategies for our clients. We have developed a number of systems to manage and track the marketplace.

The investment landscape always evolves and it is more important than ever to consider your investments and superannuation funds carefully. We pride ourselves on being experts in researching opportunities, investments and strategies that fit in with your retirement goals. We want, our clients to get on with enjoying their life rather than worrying about money.

For an obligation free conversation about your financial future, please contact us on 03 9603 0072 or at advice@endorphinwealth.com.au

The Team at Endorphin Wealth Management

ENDORPHIN WEALTH MANAGEMENT – 2019 IFA EXCELLENCE AWARDS

We’re delighted to announce that the team at Endorphin have been named as a finalist for the third consecutive year in a number of categories for the upcoming 2019 IFA Excellence Awards.

Endorphin Wealth Management

Client Servicing Company of the Year (2018 & 2019)

Holistic Advice Firm of the Year (2017, 2018 & 2019)

Boutique Advice Firm of the Year

Phillip Richards

Investment Adviser of the Year (2018 & 2019)

Practice Principal of the Year (2018 & 2019)

Robert Rich

Client Servicing Individual of the Year

Glenn Malkiewicz

Goals Based Advisor of the Year

Smart Home Deposit

Innovator of the Year

Celebrating its sixth year, the IFA Excellence Awards is the pinnacle event for the nation’s independent financial advice sector, recognising the outstanding success of Australia’s independent and non-aligned advice community, including advisors, licensees, support staff and practices.

“These finalists have not only survived one of the toughest years for the industry but they have thrived. They have created their own opportunities and will be the leaders of the industry moving forward.” said IFA editor James Mitchell.

The winners will be announced at a five-star gala dinner on Friday, 6 September at the Four Seasons Hotel, Sydney.

Jennifer, Robert & Phillip at the 2018 IFA Excellence Awards

How Endorphin Wealth Management can help

We’re focused on advice, rather than product sales.

Here at Endorphin, we are not licensed by the big banks and financial institutions, so the advice we provide is always in our client’s best interests. We have the advantage of being able to access a range of products from different providers that can be tailored to our client’s needs. We also utilise subscriptions to four of the top research providers in Australia to cross reference our research and recommendations.

Comprehensive analytics and research

We invest a great deal of time and effort researching the best wealth management strategies for our clients and have developed a number of systems to manage and track the marketplace.

The investment landscape always evolves and it is more important than ever to consider your investments and superannuation funds carefully. We pride ourselves on being experts in researching opportunities, investments and strategies that fit in with your retirement goals and to create a happy and carefree retirement. We want all of our clients to get on with enjoying their life rather than worrying about money.

For an obligation free conversation about your financial future, please contact us on 03 9190 8964 or at advice@endorphinwealth.com.au

The Team at Endorphin Wealth Management

Benefits of a studying an MBA

You’ve got to learn more to earn more!

We’re noticing a lot of our clients are studying in their spare time to continue their education – either at a higher level in their chosen profession or to perhaps venture down a new path.

For our business professional clients, an MBA – Master of Business Administration – is a post-graduate degree that can be very useful to seek further knowledge of their field or pursue management and leadership roles. There are a wide variety of reasons to undertake this internationally recognised degree, however, and we have collated some of the most persuasive here for you:

Study MBA 1

1. Distinguish Yourself as a Job Candidate

While an MBA may not be a requirement for a role, it is certainly going to help you differentiate yourself from other job applicants. It demonstrates you have a broad knowledge that can be holistically applied to a business, and that you have addressed real-world business challenges throughout your studies.

2. Better Time Management

By the time you are ready to study an MBA, you have likely established yourself in your career. Balancing your work and study commitments will require self-discipline and time management for the duration of your degree. After graduation, you will have a better awareness of your capability to produce work in an allotted time and will be able to avoid overextending yourself to the point of burnout.

3. Strategic Thinking

Your MBA will enhance your strategic and critical thinking skills and improve your ability to apply them in a business setting. However, they can also be applied across various areas of your life to help you achieve your career, personal, and financial goals.

4. Credibility

Further education can be a way to establish credibility and a reputation at your place of employment or across the industry as a whole. This credibility will allow you to expand your network, particularly amongst colleagues and alumni of your program. As your credibility and sphere of influence increases, so too do your job opportunities.

5. Transferable Skills

The MBA is unusual amongst high-level degrees in that the skills that you learn can be easily applied to many industries. This is as a result of gaining widely applicable qualities like improved communication, leadership skills, and analytical thinking. A transferable skill you may not have considered is the increased self-confidence you will feel after completing your MBA and putting your new skills into practice!

An additional example of the benefits of further study is that employers are increasingly seeking candidates with well-rounded skills, which an MBA can provide. Studies have demonstrated that start-ups through to larger global companies have increased the number of MBA graduates they intend to hire year-on-year since 2016.

Get in contact with the team at Endorphin Wealth how an MBA could help you achieve your career and financial goals!

Debt Recycling 101

  • What is Debt Recycling?

Debt recycling is a method of turning your current non tax-deductible debt, such as your mortgage, into a more beneficial tax-deductible debt. Any debt that is used for personal reasons, like buying a home or car, is not tax deductible – however, the equity in home loans can be recycled and invested to become tax-deductible. At its core, debt recycling involves paying off the minimum on your home loan and investing as much as possible.

  • How does Debt Recycling Work?

Once you have equity in your home loan, you can take money back out of the loan to utilise for investing. You can access equity in the property to take out an investment loan which can be utilised in assets which produce income, such as shares and bonds.

It works like this; each pay cycle you continue to put money towards your regular home loan. As you pay off more money, the line of credit available in your investment loan will grow larger. You can then withdraw these funds to invest in income-producing assets. Your overall debt remains the same, but you can utilise portions of it to generate wealth.

It is crucial that you can cover the monthly expense of this new loan out of your current cashflow. However, once you have your loan and investments set up, the earnings can be diverted into paying off your home loan and the interest on the investment loan is tax-deductible.

  • Are there any risks involved?

While debt recycling is a great option to simultaneously pay off your home loan more quickly and generate more wealth, it is important to consider your own personal financial situation. Debt recycling may work in your favour now, but it is crucial to consider the impact that a rise in interest rates or a fall in investment values would have on your financial position.

Debt recycling is complex and if you are averse to a high-risk strategy, you may wish to steer clear. In that case, as long as you maintain a high savings rate and make strong investments, you are likely to be financial independent regardless of whether you choose to recycle your debt.

When all is said and done, long-term returns from shares may be higher than mortgage rates and debt recycling is a viable strategy to consider if you have equity in your home loan and wish to generate wealth through other investments.

  • How We Can Help

Debt Recycling can be a useful strategy to reduce your mortgage while simultaneously generating more wealth. It is important that you speak with one of our financial advisors at Endorphin Wealth Management in regards to these strategies to make the most out of your personal circumstances. For an obligation free discussion, call us on 03 9190 8964, or email us at advice@endorphinwealth.com.au.

 

Endorphin Wealth Management – Announcement

We’re delighted to announce that Robert Rich has joined Phillip Richards as a partner at Endorphin Wealth Management.

Robert has been an outstanding contributor to the growth of the practice, highlighted by winning the ‘Newcomer of the Year Award’ at the 2018 IFA Excellence Awards.

He has worked diligently to build his own client base whilst also collaborating with Phillip on more strategic elements of the business including Marketing, HR and Endorphin’s future direction.

We have had a great start to 2019 and there are a series of exciting projects in the pipeline to assist us to provide even better outcomes for our clients in the years to come.

For an obligation free discussion, call us on 03 9190 8964, or email us at advice@endorphinwealth.com.au