Red Door Wealth Management offer services including but not limited to:
– Financial advice centred on your life goals
– Insurance and Risk Management
– Management of Superannuation
– Wealth Management
– Cashflow Strategies
– Estate Planning
Insurance & Risk Management
We have extensive knowledge of the available insurance products on the market with respect to Life, Total & Permanent Disablement (TPD), Income Protection (IP) and Trauma.
The level and type of insurance required depends on an individual’s unique personal circumstances.
The services we offer with regards to Insurance & Risk Management include:
– Analysis to determine your insurance needs
– Review of your current insurances
– Recommendations for insurance products and levels of cover
– Assistance at the time of an insurance claim
Please contact us if you would like to discuss your insurance needs further.
Life Cover
Life cover (also known as ‘term life insurance’ or ‘death cover’, pays a lump sum of money in the event of death of the life insured. The money can make up part of your estate or can be paid and apportioned to the people nominated as beneficiaries on the policy.
Total and Permanent Disablement (TPD) Cover
TPD cover pays a lump sum of money in the event of total and permanent disablement of the life insured. This money can assist with ongoing rehabilitation and lifestyle expenses.
Income Protection Cover (IP)
IP cover pays a monthly benefit to replace part of your income while you are unable to work due to illness or injury. The monthly benefit is typically 75% of your monthly salary.
Trauma Cover
Trauma cover (also known as ‘critical illness cover’) pays a lump sum of money in the event you are diagnosed with a specific illness that has a significant impact on your life. Examples of such illnesses include cancer or stroke.
Superannuation Investment & Management
Superannuation should not be treated as a set and forget until retirement. Active management of superannuation can add significant value to your retirement portfolio. Services we offer regarding superannuation investment and management include:
– Review of your existing superannuation investments to determine if your current investments are conducive to your wealth accumulation strategy
– Design of your personal superannuation portfolio aligned to your risk profile
– Review of your portfolio on a regular basis to ensure the investments remain appropriate
– Determination of your needs for retirement and the steps required to meet them
– Set-up and investment of Self Managed Superannuation Funds or Small APRA Funds
Please contact us if you would like to discuss your superannuation needs further.
Wealth Management
We manage investments both inside and outside superannuation. Depending on your wealth accumulation goals, we are experienced in building portfolios of investments consisting of direct shares, managed funds, Electronically Traded Funds and Insurance Bonds. Services we offer include:
– Design of investment portfolios aligned to your risk profile
– Review of investment portfolios on a regular basis to ensure the investments remain appropriate
– Ethical investment
– Modelling of investment (including insurance bond) strategies
Please contact us if you would like to discuss your investment needs further.
Ethical Investments
Ethical investment (also knows as sustainable investment or socially responsible investment) describes an investment process whereby a social/ environmental return coupled with a financial return is sought. The investments can have screening factors applied to exclude companies with negative impact and include companies with positive impacts. For example, negative screens may exclude companies who have core business in fossil fuels, tobacco or alcohol. Positive screens may include companies who have core business in renewable technologies, sustainability and community development.
Cashflow Strategies
Tracking your budget to identify savings opportunities or consolidation of debt can materially impact cashflow. We thoroughly assess your existing situation to identify opportunities to increase your wealth. Our services regarding cashflow include:
– Budget development and review
– Tax minimisation strategies
– Cashflow maximisation strategies
– Transition to retirement strategies
Please contact us if you would like to discuss cashflow strategies further.
General Advice Warning
The information included on this website has been provided as general advice only. The information has been prepared without taking into account your personal objectives, financial situation and/or needs. As such, with or without the assistance of a financial adviser, before making any financial decisions consider the appropriateness of the advice for your personal objectives, financial situation and needs.