David & Jennifer
42 & 43, Sydney
Set up for retirement
- Implemented an investment strategy that has a conservative increase in wealth over 15 years of approx. $1.5m, organised comprehensive insurance and facilitated an estate plan (Wills, Power of Attorney etc.)
- Modelled their current trajectory then numerous other investment scenarios that included combinations of shares, investment properties and increased contributions into superannuation
- Relieved financial stress which allowed David and Jennifer to both pursue passion projects and travel together
Understanding their situation
David and Jennifer owned and lived in their home with their two children and were looking to invest in property again. Before they went ahead with any property purchase, they wanted to organise a financial plan, which they had been thinking about for years. Many of their friends had either invested in shares or property, but they weren’t sure what the best option was for them personally.
“We spoke with the financial planner that our friends used but they weren’t committed to us at all. When we had our first meeting with Montara Wealth they took a much better approach and made us feel really comfortable. The team knew it was hard for someone who didn’t know the space, so they took the time to educate us first.”
“Our first meeting with Montara went really well. It didn’t cost anything and came with no obligation, and we could tell that they were approaching everything with the right attitude. Montara made us feel really comfortable so there was no need to speak with any other advisors”.
Due to David and Jennifer working busy hours and having to look after two kids, they didn’t have the time to do their own research on an investment strategy. As we got to know the couple, their financial position and their goals in detail, we were able to propose investment options and show them how they would work.
“We were more comfortable with investing in property but we didn’t know what the best option was for us. Sure, working with a financial planner was an extra outlay, but it was something we’d been putting off for far too long and it was important we received validation with the approach we were taking. Our goal from the get go was to just have a plan. We’d never looked at our super and worked out if it would be enough to retire on. I was on a good salary but was it enough?”
We also worked with David and Jennifer to understand their goals for their kids.
“Montara helped us understand the money we would need to put aside to fund private schools if we choose to send our kids there.”