Angus, 24,
Sydney, NSW

Category

First time investors

Financial experience

Inexeperienced

Key goal

Build wealth

Their situation
Needed direction on how to invest his money
Lived with parents
Wanted to have a structured financial plan in place to ensure he is comfortable in future

Key outcomes

  • Invested in shares and property
  • A wholistic financial strategy was implemented (including super, insurance & estate planning options)
  • Positioned to continue to grow his wealth and make his money work for him as well as meet financial and lifestyle goals

Understanding their situation

Angus worked full time and lived with his parents, so living expenses were minimal. He wanted to do something with his savings and make his money work for him, however, he didn’t know the best approach.

“I didn’t have any knowledge in building wealth and my family was very old school and conservative – they liked to just keep the money in the bank. But I knew there were better ways I could be using the money I’d saved up. When I was searching for financial planners to work with, none of them really stood out to me. That was when I came across Montara Wealth who had great google reviews.”

Angus had found there was a lot of stigma around financial advisors not only from parents and friends but also accountants.

“I’m all about making life easy for me but unfortunately I am used to working to the dollar and this was definitely affecting other aspects of my life such as getting enough sleep and playing soccer. I’m now in pursuit of making life stress free and comfortable but I don’t have the knowledge and time to learn everything on my own, so working with an expert is invaluable. That’s what made me reach out to Montara.”

The Process

In our first meeting with Angus we discussed his current position as well as his lifestyle, family and financial goals. By taking the time to do this we were able to tailor advice to meet Angus’ best interests. He was interested in investing in property, but was only willing to put down a small deposit.

“The Montara team are really trustworthy. Everything that David and Ethan recommend, they run by me and they have been really great in educating me on multiple aspects of building wealth.”

We identified that property would form an integral part of Angus’ strategy but given that he was unsure of where he wanted to live at this stage, we determined that an investment property would be most suitable for him. We also recommended a share portfolio which provided him the potential for long term growth but unlike the property, his shares could be accessed quite quickly should he need them. We also minimised the risks of these strategies to his long term wealth strategy by implementing personal insurance.

“I was really surprised with how quickly they put a strategy together for me. I was also surprised with how much I now appreciate the value of money.”

Working with Montara

We helped Angus to understand what expenses should perhaps be delayed in order to continue building his wealth but encouraged him to still enjoy his life today and prioritise travel, spending time with loved ones etc.

“It was great to see how much I’m spending versus saving. David has also really pushed me to have a balanced lifestyle so it wasn’t a matter of saving every cent.”

“They are also willing to adapt to changes in my situation – it’s very client focused – it’s never them forcing me to do something. I had to move out a couple months ago which meant I didn’t have as much money to keep investing in shares. Dave and Ethan were really understanding of the situation and helped me organise everything.”

Throughout our various strategy sessions, we gave Angus a clear picture of where he sits from a financial standpoint and charted a number of paths forward for him that balances his lifestyle with long term wealth accumulation.

Angus purchased an investment property in Queensland through Binnari Property and also has a share portfolio.

“The advice I’d give to others is to be open to working with a financial planner. The reality is that if you want to get ahead, there are resources out there that can help you get there. You don’t have to do all your own research when there are financial experts out there. It’s worth the money you spend on them because you’ll get it back. I feel so much safer and am further ahead now that I’ve worked with Montara.”

FIND OUT HOW WE CAN HELP

It's been awesome working with Montara. I feel so secure and safe in the advice. I have a clear idea of where I want to go financially.

What Montara believes in is really plausible. They will always adapt to your situation and make it work for you.

Hear from Angus

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is Best for You in Bondi, Balmain & Sydney – Montara Wealth

 

Suite 1, Level 6/309-315 George St, Sydney NSW 2000 | GPO Box 4473, Sydney NSW 2001
Montara Wealth Pty Ltd, ABN 14 625 010 344 is Corporate Authorized Representative of Montara Services Pty Ltd Licence No. 526747

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Financial Advisers & Planners – Hire Fee Based Best Financial Advisors – Estate Planning Firms,
Wealth Management & Advice Experts, SMSF Specialists- Financial Consultant & Strategy that
is Best for You in Bondi, Balmain & Sydney – Montara Wealth

 

Suite 1, Level 6/309-315 George St, Sydney NSW 2000 | GPO Box 4473, Sydney NSW 2001
Montara Wealth Pty Ltd, ABN 14 625 010 344 is Corporate Authorized Representative of Montara Services Pty Ltd Licence No. 526747

Privacy Policy | Licensing Disclaimer | Financial Services Guide | Advisor Profile