- Financial Planning
- Investment advice
- Personal Insurances
- Estate Planning and Self Managed Superannuation
- Finance
OUR APPROACH TO FINANCIAL PLANNING
As your priorities evolve so do the opportunities for HNW Planning to assist. Our objective is to help you accumulate, protect and finally transfer wealth to the next generation.
HNW Planning recognises the 80/20 rule in its approach to Financial Planning. We anticipate that the maximum results (80% + or -) will come from:
- Our consideration of your individual needs
- Our innovative approach to financial planning
- Your trust in our integrity
- Open & effective communication
- Empowering you to make better decisions
- Your understanding of advice given & action taken
HNW Planning also addresses the remaining financial planning opportunities (20% + or -). This typically requires a focus on investment choices. Please refer to HNW Planning’s ‘Our Approach to Investment Advice’.
HNW Planning will develop strategies to assist you in meeting your Financial and Lifestyle goals through:
- Technical aspects of & use of superannuation
- Personal insurances
- Acceleration of repayment of personal debt
- Use of protected (capital guaranteed) investments
- Use of gearing
- Targeting particular types of return
- Ethical overlays
- Timing
- Isolating key issues requiring specific Tax Advice
- Isolating key issues requiring specific Estate Planning or other legal advice
The 80:20 rule originated from Vilfredo Pareto, an Italian economist who studied the distribution of wealth in a variety of countries in the late 1800s. He discovered a common phenomenon: about 80% of the wealth in most countries was controlled by a consistent minority - about 20% of the people. Pareto called this a “predictable imbalance”.
In about 1941, Pareto’s writings were discovered by Dr Joseph Juran, and popularized under the name “Pareto Principle”. Juran was working in the field of quality control, and stated the principle in the form “80% of problems come from 20% of causes.”
The 80:20 rule has been expanded far since its uses in economics and quality control. One might quibble about the 80% or 20% (it is sometimes 60:40 or 90:10), but the term is normally used to reflect the notion that most of the results (of a life, of a program, of a financial campaign) come from a minority of effort (or people, or input).
Source: http://c2.com/cgi/wiki?EightyTwentyRule
