Wealth Management for Business Owners and High-Net-Worth Individuals
We believe a sound wealth management strategy makes all the difference.
Are you a business owner juggling financial responsibilities? Are you worried about securing your family's future?
We understand the unique challenges business owners face and that's why we offer comprehensive Wealth Management Solutions to help you:
- Safeguard your assets and minimise risks with our proven Asset Protection strategies.
- Ensure your legacy through Estate Planning, protecting your loved ones and your business.
- Develop a clear path to retirement with personalised Succession Planning, ensuring a smooth transition for your business.
We provide strategic advice to improve your financial position, achieve long term financial retirement goals and security for your family.
The earlier you provide for you financial future the easier the long term steps will be.
We will guide you through the steps that it takes to help protect your wealth and achieve the lifestyle you and your family desire.
FAQs
What is wealth management?
Wealth management is a strategic, highly coordinated approach to organising, protecting, and growing your financial assets. Rather than focusing on a single silo—such as picking shares or filing a tax return—wealth management looks at your entire financial ecosystem.
Once an individual's or family's investable assets cross the $1 million to $2.5 million threshold (excluding the primary residence), financial complexity increases exponentially. A comprehensive wealth management strategy ensures that your family trusts, Self-Managed Super Funds (SMSFs), property holdings, and investment portfolios work together seamlessly. The goal is to optimise capital growth, minimise tax leakage, and ensure your wealth supports your lifestyle today while securing your long-term legacy.
Do I need a wealth management adviser?
A wealth management adviser becomes essential when your financial position outgrows standard retail financial advice. If your decisions now involve complex tax implications, corporate structures, or multi-generational planning, you need a specialised wealth manager.
You should strongly consider a wealth management adviser if you fall into any of the following categories:
- High-income professionals: Navigating the top 47% marginal tax rate (including the Medicare levy) and requiring tax-effective investment vehicles outside of superannuation.
- Business owners: Managing the transition of capital from a trading entity into personal wealth, or planning for a future business exit.
- Individuals approaching superannuation caps: Specifically, those navigating the $2 million Transfer Balance Cap or preparing for the new Division 296 tax (which imposes an additional 15% tax on superannuation balances exceeding $3 million from 1 July 2026).
For affluent clients, the value of an adviser lies in the architectural structuring of wealth, ensuring every dollar is held in the most tax-effective and secure environment.
What are the benefits of asset protection?
Asset protection acts as a financial firewall, safeguarding your accumulated wealth from business liabilities, litigation, creditors, and unexpected life events. However, for high-net-worth individuals, it also serves as a powerful tax optimisation tool.
Effective asset protection rarely involves holding significant wealth in your own name. Instead, wealth managers use structures like Family Discretionary Trusts and corporate beneficiaries. By separating the control of an asset from the ownership of an asset, you achieve two primary benefits:
- Risk Mitigation: If your business faces litigation, assets held securely in a family trust are generally protected from creditors.
- Tax Efficiency: Trusts allow investment income to be legally distributed to family members in lower tax brackets or to a corporate beneficiary capped at the 25% or 30% company tax rate, rather than being eroded by the top personal tax rate.
What is the difference between estate planning and succession planning?
While both deal with the future transfer of wealth, they apply to very different assets.
Estate planning governs your personal wealth. According to the Productivity Commission, Australia is currently undergoing a massive intergenerational wealth transfer, with an estimated $3.5 trillion to $5.4 trillion expected to pass to the next generation by 2050. Effective estate planning uses tools like Testamentary Trusts to ensure this wealth is transferred efficiently, protecting your children's inheritance from divorce settlements or bankruptcy while mitigating taxes like the 17% superannuation death tax.
Succession planning, on the other hand, governs your business. It is the strategic blueprint for how you will step away from your company—whether that involves grooming a family member to take over, setting up a management buyout, or preparing the business for an external sale to fund your retirement.
How much does wealth management cost?
The cost of wealth management is dictated by the complexity of your financial architecture and the level of ongoing strategic oversight required.
According to recent industry data from Adviser Ratings, the median ongoing advice fee in Australia is currently around $4,668 per year. However, for high-net-worth individuals with complex needs—such as managing SMSFs, navigating family trusts, executing advanced tax strategies, and coordinating with accountants and lawyers—premium wealth management fees typically range between $5,000 and $10,000+ per annum.
At Achieve Business & Financial Solutions, our process begins with an initial consultation to understand the exact scope of your financial position. We then provide a transparent, fixed-fee proposal so you know exactly what your strategic roadmap will cost before any commitment is made.
In Addition to Our Wealth Management Services We Also Offer
In addition to our Wealth Management & Protection Services, we provide a variety of professional solutions that help you manage, grow, and protect your wealth. Our tailored services work together to ensure your financial success and long-term stability, no matter your business or personal goals.
