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    Strategic Wealth Management

    Any form of wealth management should be strategic wealth management. Wealth management in Australia is defined by the Reserve Bank of Australia to include various forms of funds management (superannuation, managed funds and life insurance) and financial advisory services.[1]

    From a consumer perspective, is should stand to reason that these would all be strategic, or long term by nature. Although in many markets around the world, wealth management as a profession is often exclusively for high net worth individuals (HNWI), in Australia strategic wealth management is for anyone who essentially holds a job.

    [1] https://www.rba.gov.au/publications/bulletin/2016/sep/pdf/rba-bulletin-2016-09-banks-wealth-management-activities-in-australia.pdf


    Regardless of your financial acumen, earning capacity or current situation in Australia unlike many other countries the Australian government through its superannuation programme has set up strategic wealth management services for you, on your behalf.

    Superannuation has been one of the economic success stories coming out of the 80’s and 90’s, with Australia although having the 12th largest economy in the world, according to David Knox, senior partner and senior actuary at wealth and retirement consultancy Mercer, the Australian system is the best in the English-speaking world; and in global terms, ranks at number three[1].



    However strategic wealth management is about superannuation managed funds, life insurance and insurance. As most people in Australia would be aware of – unless you don’t use the internet, watch tv, read the newspaper or speak to people – the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has most certainly not cast the all of these services in the best of lights as of late.

    Services under strategic wealth management are vital for the continued economic prosperity of individuals, families, small to medium business or enterprises (SME’s) and of course the big end of town.

    Strategic wealth management works with individuals to assess their current financial position, where they would like to end up – be it at retirement in terms of superannuation, or in terms of managed funds, where the investor would like to see returns by – and construct a meaningful financial plan based on this information.

    Strategic wealth management firms in Australia work with their clients and seek to ‘grow with their clients’ profitability, portfolio growth and a percentage of any profits or products the individuals take up in the sub-segments of the industry.

    Although the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry certainly cast a dark shadow on a number of large corporations, products, services and individuals in the sector, the services they provide are integral to the future financial prosperity of individuals across the community.

    The future of the sector as the generational and technological change sweep through will see a much different strategic wealth management industry than we see today, with millennials demanding transparency, accountability, technical viability not to mention products that allow them to substitute or change services easily, only time will tell where this vital industry will evolve. 

    [1] https://www.afr.com/news/special-reports/wealth-solutions/australias-retirement-scheme-ranked-among-worlds-best-20170604-gwk6zx

    We welcome you to give our team a call to discuss your investment goals and objectives.

    You can call Walker Capital Australia on +61 2 8076 2210, and we’ll see how we can help you achieve your investment goals.

    Want to read more great information on Wealth Management Check out our Wealth Management article: What is Wealth Management and how did the Royal Commission change the sector?