What does the term key person risk mean and what does it mean for businesses?
Kylie Neary explains key person risk.
We answer some of the common questions about insurance and your super.
We have a quick chat with Melbourne-based AFRM adviser Chris.
Many people don’t find budgeting and saving easy, nor is it on top of their priority list. Most of us are programmed to look for short cuts, or believe that with a bit of luck – and rising house prices – ‘we’ll be right’. But in reality, saving for the lifestyle we want does require a degree of discipline and an active interest in looking after your finances. And one of the easiest ways to do this is by setting up some short, medium and long term financial goals.
AFRM is urging clients, business partners and the general public to please consider registering with the bone marrow donation centre.
The last week has a been a big week for our industry with the announcement of new industry framework. AFRM Directors are still discussing the implications of these changes for our business and we will keep you updated. Although we believe industry change is needed, the poor ethics of a minority of advisers has led to more regulation for all. We will work with our internal team as well as with our referral partners to resolve any implications for our businesses and clients. What is apparent though, is that AFRM is well positioned to manage change given our size and the professionalism we have always displayed in our advice processes. AFRM has been working on a hybrid commission model pretty well since inception, however with hybrid rates being reduce to a maximum initial payment of 60%, there will need to be cost adjustments and internally, some productivity challenges. Just another challenge to being able to provide a market leading advice practice in a cost heavy process and remain viable! We’ll keep you updated.
We want to introduce you to the different teams we have across the country, so this week we start with our Melbourne team.
The team at AFRM Melbourne consists of advisers Rob Vitnell and Chris Wlodarczyk, as well as Huy Pham who has recently joined AFRM as an Associate Adviser. Advisers spend the majority of their time meeting with new and existing clients and preparing appropriate advice based on their requirements. Both Rob and Chris consult with various centres of influence to provide their clients sound advice and continue to work on building this network in Melbourne and greater Victoria. Rob, Chris and Huy provide advice to individuals and businesses whilst Rob continues to develop AFRM’s specialisation in SMEs and Business Succession advice.
More than 85% of Australians could not support themselves financially in the event of illness or injury. Below are AFRM’s top 6 reasons to have Income Protection cover.
A 69 year-old single father and GP has received a $562,000 payout after being diagnosed with prostate cancer, thanks to the advice of AFRM adviser Theo Holland.
We have a quick chat with Sydney-based AFRM adviser Dave.