Latest News

We all get bombarded with information from every source possible and frankly, it's too much. Even if you haven't already flicked it into spam you probably don't have time to read it. We call it Information Overload. So, on this page we've selected big picture news items we think are relevant and of interest to our clients.

Friday, October 19, 2018

Whether its cutting the costs of expensive city office rents or staff retention or both, employers implementing “flexi roles” or “work from home days” can benefit from hot-desking.

Friday, October 19, 2018

It’s not uncommon for members of a couple to have very different super balances. Depending on a person’s age, income, working days and level of salary sacrifice, there will usually be one member with a much greater balance than the other, often more than double.

Previously there was actually nothing wrong with this and having unequal balances was perfectly fine. That’s because the size of your super fund did not matter in terms of tax and annual contribution rates were capped at the same amount regardless of balance. 

Friday, October 19, 2018

From the 2017–18 income year, you must be a base rate entity to be eligible for the lower 27.5% company tax rate.

Friday, October 19, 2018

As we move towards a cashless society, how do we teach children that money comes from hard work and good financial management and not some magic money pot in the sky?

Friday, October 19, 2018

There has been a lot of debate over the years about whether active fund managers add value, or whether you are better off investing into a low-cost alternative such as an index fund or exchange traded fund (ETF).

The reality is not as simple or clear-cut as the marketing teams on either side make it out to be. You need to be very careful about what you invest in, and therefore make informed decisions.

Monday, May 28, 2018

As tempting as it is, loaning money to family and friends is fraught with danger. The interest rate may be low, but emotional costs can be high. Getting the right documentation in place is the best protection.

At our most calm and logical, most of us would say that lending money to friends is rarely a great idea, and lending money to a family member is among the worst of ideas – but calmness and logic are not what most families are about.

Wednesday, May 09, 2018

Last night the Federal Government handed down the 2018-19 Federal Budget. The centrepiece of the Budget was a seven-year personal income tax strategy, beginning with reductions for low and middle-income earners in the 2018-19  year. It also focused on reining in spending, tax cuts for small to medium enterprises, and on assisting older Australians.

Monday, May 07, 2018

Planners provide their views on what has been the best ‘unexpected’ business tip or advice they have received that has helped them professionally.

Thursday, May 03, 2018

Financial Standard's latest roundtable event turned attention to how fund managers, financial advisers, researchers and analysts build investment portfolios for market crises.

SQM Research head of research Robert da Silva says behavioural insights over the past decade show people do not always act rationally in times of market crises and make decisions which "are not necessarily in their best interests."

His point being that while staying the course might be in someone's best interests, the challenge is to educate them and convert them to go against natural instinct - which is to react to everything.

For advisers to "stay the course", WLM Financial Services director Matthew Walker says it comes down to individual investment philosophies and where advised clients are starting from.

Monday, April 30, 2018

We’re all being bombarded with startling revelations out of the Banking Royal Commission being run by the government at the moment. Amazingly, there are many instances of inappropriate advice and generally illegal or unethical advice. We at WLM are shocked and disheartened by what is being revealed. How is it possible in this day and age? How can people treat their clients like this? What have the regulators been doing?

It also comes to the heart of why we set up WLM and how we run our business. We care about our clients and making sure we act in your ‘best interests’. It’s at the core of everything we do and believe.