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Do you need Devine intervention? Michael Devine Insurance


Independent and professional advice. That’s what clients receive when they discuss their insurance needs with Michael Devine.

 

 

WHAT TO YOU PERSONALLY IS THE MOST IMPORTANT ASPECT OF YOUR WORK?
“It’s forming strong personal relationships with clients so they know they can trust us and the insurance solutions we develop for them. A real empathy for each client and their individual circumstances is key to creating the right portfolio for them. It’s not a one-size fits all situation.”

WHAT EXPERIENCE DO YOU HAVE IN THE INSURANCE INDUSTRY?
“I’ve been in the industry for more than three decades. That longevity coupled with being a qualified QFE Advisor with a diploma in financial services are vital to understanding clients’ needs and finding the best selection of insurance products to secure their family, their home and their lifestyle against any misfortune.”

WHAT TYPES OF INSURANCE DO YOU OFFER?
“We offer advice on all personal and business insurance and can provide clients with a package that fits their current concerns. Personal insurance ranges from life insurance, health insurance and income assurance to trauma assurance and mortgage repayment assurance. Business insurance might be partnership assurance, key person assurance or disability income protection.”

THAT’S A VERY BROAD RANGE. HOW CAN PEOPLE GET IN TOUCH WITH YOU?
They can call me on (03) 341 0000 or 027 437 9119.


 

A man is not a financial plan: Polson Higgs Wealth Management


Studies show women make higher returns on their financial investments than men.
Why, then, do so many take a hands-off approach to money? Authorised Financial Advisor Shiree Hembrow has dedicated 25 years to helping women plan for and reap the rewards of well-managed finances.

 

The phwealth adviser says women have a different perspective on money than men.

“Since I have been working in the financial planning world, I have noticed that few women I meet are fully engaged in their finances or planning for their lives after work, mostly leaving it up to their husbands, and sometimes to no one,” she says.

Taking an active role in managing it empowers women to protect themselves for their financial future.

Statistically, women live longer than men and earn less. Statistics New Zealand data shows the gender pay gap was more than nine percent in the June 2019 quarter.

“This means women will require more money saved for what is likely to be a longer retirement,” she says. “For women over 50, they need reassurance they will not run out of money or be a burden on their families. This is extremely important for widowed or divorced women.”

Shiree says a written personal financial plan from an independent third-party adviser allows women, both single and coupled, to map out what they want to achieve in their life and learn how money works so they can take an equal and active role in decisions around shared and independent finances.

“I learned in my life that a man is not a financial plan,” says Shiree. “I married at 42, which for my husband was a second marriage. At the time I was an independent person with my own career and enjoying looking after myself.

“Bringing two independent people together in a new relationship is a miracle in itself, but for me, putting our financial lives together was more than just checking the bank balance every so often. Some of our dreams are separate.

“We will not do everything together all the time. Knowing what each of us wants without having to do everything together is important to me as a woman. I am a woman who needs to know where I am going and where we are going as a couple too.”

Shiree says the benefits of a financial plan applies regardless of the size of your salary or assets – and evidence shows once women are empowered around money they become formidable financial forces.

Why women make good investors:

A 2017 Fidelity study found women earn higher returns on their investments and save more than men by about 0.4% per annum.

Women take a more hands-off approach, allowing investments to gain a better long-term return. There is a book called Warren Buffet Invests Like A Girl and Why You Should Too.

Women are more likely to evaluate success by asking the question, “Am I on track to achieving my goals?” whereas men can be reactive and try to “win” with frequent changes.


 

central city equity investment opportunity: MAAT Group


Maat Consulting Ltd is offering an equity investment opportunity in a new company, Victoria Property Investment Ltd, which has been formed to purchase the property at 99-123 Victoria Street, Christchurch.

 

This investment has 7,226.2 m² of net lettable area, spanning four levels of fully tenanted office space at 123 Victoria Street, plus a ground floor designed for the hospitality industry.

It also includes a land holding adjacent to 123 Victoria Street which is used for additional carparking.

Number 123 Victoria Street is the address of the offices of Nexia Christchurch Ltd, Alliance Group Ltd, Pacific Radiology Group Ltd, and NZ Merino Company Ltd who together occupy approximately 93% of the total available space.

This property is proudly presented as part of the rebuild of Christchurch as it continues to develop as a modern and well-designed city.

Features of this investment to note are:
• The building was completed
in 2017
• The weighted average lease term is 8.15 years
• There are 106 carparks available
• The property is located on the west side of Victoria Street and just north of Salisbury Street, nestled among the outlying area of the main business district. It offers easy access to the central business district of Christchurch with the Victoria Clock Tower and the Christchurch Casino less than a flat five-minute walk away
• It is intended to be registered as a PIE investment, limiting the top tax rate to 28 percent
• The projected cash return for the next two years and nine- month period is 7.25% *p.a, before tax, payable monthly.
This property is proudly presented as part of the rebuild of Christchurch as it continues to develop as a modern and well-designed city. It will be managed by Maat Consulting Ltd, an experienced commercial property manager.

Maat Consulting Limited is now into its 10th year of offering investments in commercial property to a broad range of the New Zealand public.

Based in Albany, the company now manages a portfolio of 14 properties throughout New Zealand.

These properties have a range of national and international tenants.

Maat Group continues to select quality properties which have quality tenants, in order to maximise returns for investors.

A copy of the Product Disclosure Statement and Supplementary Document (post COVID19) are available and may be obtained from Maat Consulting Limited by contacting:

Managing Director
Neil Tuffin: 021 481 441 or
ntuffin@maat.co.nz

Or Investor Relations Manager
Jodi Tuffin: 021 084 42523 or
jtuffin@maat.co.nz

Or the Maat Office on 09 414 6078.

Our offices are located at B4, 17 Corinthian Drive, Albany, Auckland.

*projected pre-tax return, per annum, payable monthly. The offer is made in accordance with the Financial Markets Conduct Act 2013.


 

Maat Group: Putting your investment dollar to work


Equity Investment Specialists, Maat Group, continues to bring value to the national commercial landscape and investors alike.

Metropol talks to Managing Director Neil Tuffin about how commercial property equity investment can make your dollar work harder for you.


What does the Maat Group offer and what does your name mean?
Maat Group is a commercial property equity investment company. Maat Group adopted the Egyptian goddess Maat as its symbol; she’s the goddess of truth, justice and balance.


What is commercial property equity investment?
It’s the purchase of commercial property as a direct property investment. By investing as a shareholder in a company formed for the purchase of an investment, the investor is able to purchase a larger property with a better yield than what is available if purchasing as an individual. The shareholder becomes a part owner in the property, along with other investors. The property is fully managed for investors including property management, financial management and general administrative duties.


How long do investors have to leave their money in the investment for?
Our equity investments don’t have any fixed time frame. Investors are encouraged to remain in the investment long term as this passive investment can provide capital gain over time. If circumstances arise that mean an investor has to exit, we can assist with this and facilitate the sale of these shares to the incoming investor. You can contact us for further clarification on our exit process at any time.


Do you charge any investment fees?
The company formed to purchase the investment property pays for the management for the property along with additional expenses such as accounting or audit fees. These are paid from the rental income of the property and don’t affect the distribution rate. The fee structure is set out in the product disclosure statement (PDS) which is available at the time of investment.


How often do investors receive distribution payments from you and is it taxed?
We distribute our returns on investments on the 20th day of each month. If you’re invested as an individual or as a joint partnership, we’re required to deduct your tax portion prior to your distribution payment each month. Our investments are run as a PIE investment with the tax rates of 10.5 percent, 17.5 percent and 28 percent. If you’re invested under a trust or company, you may elect a zero percent tax rate for your investment.


What is the minimum investment?
The minimum investment for our equity investments is $25,000. You can purchase multiple shares in each investment up to a maximum of 20 percent of the share parcels on offer.


Do investors earn capital gain?
The capital gain would be paid at the time of the sale of the property. Investors may receive a capital gain payment in addition to their original share price if the property is sold in excess of the original purchase price


 

Get excited about investing


The best way to get involved with investing is to keep it simple and let a financial adviser do it all for you. They know how to navigate the highs and lows and assist you in achieving the growth you desire. Bank term deposit rates are still at their lowest for quite some time and are likely to remain lower for longer.

 

 

Alistair Bean and Associates – Financial Advisers can assist you with investment planning for your short, medium and longer-term needs and goals.

They can ‘make decisions for you, so you don’t have to’ by creating an investment portfolio specifically tailored for you, is constantly monitored, continues to assist you for the life of your investments and take into account any personal insurance and KiwiSaver needs.

In what appears to have been a decade of unrest and turmoil, the New Zealand market and economy has performed spectacularly well compared to other global markets.

Overseas investments have also offered opportunities to receive returns well above term deposit rates, inflation and the effects of tax.

Investment portfolios tend to go up over time and typically outperform property (eg. your own home).

They can skyrocket in a three-month period but also collapse at the same time.

Like a one-year term deposit, the first proof in the pudding of a managed portfolio is the value at the anniversary date of the original investment and then say the average of three years invested – very much like increases in the value of your own home.

You know that in the first three months of purchasing a home that you would not likely be able to sell the home after three months and expect an increase in value.

The same could also be said if you sold your own home after only two years but after three to 10 years you would like to think that there has been an increase in value.

You could also expect the same for your reserve fund or nest-egg investments.

This is particularly when you need to use a Financial Adviser to assist in maintaining your investments who will constantly follow the market on your behalf.

Some alternatives to term deposits are direct New Zealand and international shares, managed funds and property funds.

With a mixture of these types of investments that cover short, medium and longer-term needs, you can get excited by following each individual investment, or just leave it up to your Financial Adviser at Alistair Bean and Associates to look after for you.

None of your investments need to be locked in or have early repayment penalties.

Investments are cashed in at their market value at the time of withdrawal (from three to 14 days in normal market conditions).

Many clients also take regular monthly withdrawals to help them meet their budgetary needs.

While past performance is no guarantee of future performance, clients of Alistair Bean and Associates – Financial Advisers, have been very pleased with the decisions that have been made on their behalf.

Alistair Bean and Associates welcomes new clients interested in receiving quality advice with an individualised portfolio and oppurtunity for impressive returns over time.

Alistair Bean and Associates are located at Level 1, 293 Durham Street. Christchurch. Phone 021 552 587.

Personal Disclosure documents are available free on demand.


 

Marian Johnson: The Influencers


If the last few months of winter 2019 had a theme for our city’s startup and innovation ecosystem, that theme would be startup funding.

 

Ministry of Awesome Chief Awesome Officer

As you know, our government’s Wellness Budget allocates $300 million to a fund of funds for startup investment managed by NZ Venture Investment Fund. While our local startups have decent access to early seed funding, they’ve not been able to easily access the larger sums required for global growth. This has impacted our speed to market and our ability as a country to be competitive with homegrown innovation. The NZVIF fund of funds is set to change that.

There’s also been plenty of activity from international venture capital groups. Blackbird Ventures have recently announced they are setting up an Auckland office, raising a seed fund dedicated to Kiwi founders, and running their community building Sunrise conference in Auckland in October.

Christchurch has also recently hosted Innovation Bay – an Australian tech investment network – with two events run in the central city. The first event had local startups hearing from a panel of leading Australian VCs. The second was an event where handpicked NZ startups pitched to Australian investors.

An increased level of interest and activity in NZ startups from international investors is encouraging. However, we’re looking forward to seeing our homegrown investor ecosystem catch up quickly so that we can ensure that NZ innovation builds the NZ economy rather than moving overseas to access foreign investment.

 

 

 

 


 

Get Investing: Alistair Bean & Associates


Alistair Bean, Managing Director at Alistair Bean & Associates says, “it’s a great time to be investing in the stockmarket and managed funds”.

 

 

As a Financial Adviser, Alistair says, “It can be difficult to see past a media gloom fest. The current investment opportunities are driven by global low interest rates, a high New Zealand dollar and record global low unemployment. Company borrowing is therefore inexpensive, so debt can be repaid and money can be invested in things like infrastructure and staff, all of which helps to foster a growth economy.”

Alistair believes he has the right formula for expanding his clients’ wealth – just ask his clients, who have enjoyed absolutely stellar growth over the last number of years. Regulations restrict disclosing full data on investment returns, but it’s safe to say his clients’ base annual average return has gone a significant way into double digits.

“Making investment decisions for you so you don’t have to.”

From hour to hour, Alistair is paying very close attention to the subtle shifts in the market so that you don’t have to. “I take the stress of managing your investments from you – it’s a pleasure and a passion,” Alistair says.

“To make sufficient wealth for clients so that time is no longer an issue.”

After 37 years in finance, Alistair attributes his success to some basic investment principals he applies when contemplating promising assets to invest in:

• The share market rises and falls, creating buying opportunities for good shares at bargain prices. We aren’t followers when it comes to selling shares at a time when people should be buying. News in the marketplace always affects the values of shares. The key is having the strength to buy when others are selling at a discount, and being mindful of where a share price is in its cycle.

• The market has exponentially rewarded long-term investors. Despite major hurdles like world wars, recessions, oil shocks, Trump trade wars and Brexit, equities have still significantly outperformed property, bonds, cash and inflation. You need to be in the market and stay in the market with diversification still being the key.

Alistair travels the world to see investment managers, and spends many hours each day immersed in the business of researching investment opportunities, ensuring current investments maximise clients’ needs.

July saw Alistair Bean and Associates celebrating in style with their ‘client family’. After nearly seven spectacular years in business, they are thrilled to have moved into fabulous new premises in the city they love in Christchurch’s new West End Business Precinct. A client said to Alistair, “I was referred to you by my brother who raves about you. He was so happy, his partner and his best friend also invested with you, it’s like a family”.

“That’s how we like it to feel too, everyone deserves great investment advice,” Alistair says.

Disclosure documents are available, free upon request.

 


 

Cindy-Lee Sinclair

Marketing your property: Cindy-Lee Sinclair of Harcourts Holmwood on what to think about when selling your home or investment

Long established as a top-flight professional real estate agent in Christchurch, Cindy-Lee Sinclair of Harcourts Holmwood Real Estate Merivale says there are several things to know when putting property on the market. An absolutely key element is to ensure an agent has a signed listing authority before they bring buyers through, Cindy says.

Cindy-Lee Sinclair

Your agent should provide you with a written market appraisal to help you set your expectations about price range for the property. The agent should also discuss with you all the different ways you can sell the property and help you settle on the method that best suits. The agent should also talk through the marketing options and help you choose a programme that meets your needs and the method of sale chosen.
Cindy says you also need to understand how and when the agent will be paid, and how the commission on the completed sale will be calculated. Other costs to consider include marketing and the auctioneers fee, if you choose to sell via auction.
Cindy recommends everyone planning to sell their home read the ‘New Zealand Residential Property Agency Agreement Guide’ prepared by The Real Estate Agents Authority. It sets out in some detail the information you need and the decisions you will have to make and you can clarify any information in there with Cindy or your agent.
Cindy can be contacted at
cindy.sinclair@harcourts.co.nz
or at 0274 888 616.