Métropole works with its clients to help them secure their financial future for more than two decades. As Australians may be more interested in investing than ever, it is crucial to have the right tools to not only create wealth, but also to conserve it. Your placement officer met with Metropole Wealth Advisory Director Ken Raiss to discuss how investors can manage their wealth for themselves and for future generations.
YIP: How does Metropole work with customers to evaluate and define their financial goals?
Ken Raiss: It is not enough to achieve wealth, it is the result of a well executed plan. However, we are aware that not everyone necessarily has the time or the desire to acquire the necessary knowledge to optimize their finances. This is where a specialized team – like Metropole Wealth Advisory – can step in.
We start by talking to our clients about what they are trying to achieve financially. Rather than focusing solely on property, we take a holistic view and cover areas such as taxation, asset protection, strategic finance structuring and risk reduction. Once we understand their projects, we offer them an implementation program – an eight-step process called the 360 ​​° Metropole system (see illustration below). It is a cycle that builds on itself; once the eight steps have been completed and completed, this represents an opportunity to start again, depending on the needs of the individual.
"Many people try to preserve their financial independence, but that is like knocking your head against a brick wall"
YIP: How does the property fit into a broader investment portfolio for wealth creation?
KR: Many people try to preserve their financial independence, but that is like hitting your head against a brick wall. Inflation and taxes are the enemy of savers. Instead, it's best to invest in a balanced portfolio of premium properties to create wealth.
One of the main advantages of real estate compared to other asset classes is that it can be borrowed and used for financing purposes. Of course, not all properties are created equal. At Metropole, we estimate that less than 5% of properties currently on the market are investment grade and we use a strict approach to correct asset selection.
"One of the main advantages of ownership over other asset classes is that it can be borrowed and used for the purpose of financing "
YIP: What are the most important risks that investors may face when they venture into real estate? How can this be managed effectively?
KR: One of the biggest problems we're seeing is that customers get small pieces of information from different sources and then try to assemble them themselves – but these pieces of information do not always work together . However, at Metropole Wealth Advisory, we work with the client to minimize many of the potential risks through strategic planning and structuring prior to the purchase of the property.
We ensure our clients have robust financial strategies to save time – and assets – by having a financial buffer to cope with the "ups and downs" of the real estate process.
We have put in place the appropriate ownership structures – those that maximize tax efficiency, protect assets, and facilitate the inheritance of inheritance. This is often done through trust structures, but not all trusts are the same. Sophisticated investors use trusts with special clauses offering more protection and greater flexibility.
And we ensure that our clients cover their risks with adequate insurance, both life protection and income protection, because many do not realize that one of their biggest assets is their ability to generate revenues.
Another important tool is the establishment of adequate will. When they are preparing a will, people tend to focus on who gets what, not how they will actually get it. However, having a properly constructed will helps to ensure that wealth remains within the family and reinforces protections against situations such as failing relationships or other failures.
Of course, one of the biggest risks is not investing in real estate investments to protect your financial future.
ABOUT THE EXPERT
To find out how Metropole Wealth Advisory
can help you to cultivate, preserve and distribute your heritage,
calls Ken and his team at 1300 METROPOLE
or visit www.metropolewealthadvisory.com.au
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