We are a specialised team serving the investment and insurance needs of health professionals since 2001.
MFAS has over 40 years combined experience in financial advising, through arguably the harshest investment decade (2000-2010) since the Great Depression. Practical experience and understanding loss drives us to ensure our clients investment strategy is tailored to their specific objectives. This individualised approach, combined with regularly measuring and reviewing your strategy to ensure you remain ontrack to achieve your goals, provides the confidence to remain invested through all market conditions.
Our service is tailored to your investment objectives and risk appetite so you can plan for success.
Hamish holds a LL.B and has specific prior experience with Trusts and Estate Planning.
MFAS advisers are Authorised Financial Advisers (AFA), Certified Financial Planners (CFPcm) and members of the Institute of Financial Advisers (IFA).
It is critical to build sufficient wealth over your working years to provide for your future. We will assist you in crystallising your financial objectives. From here we will agree a personalised strategy to achieve wealth accumulation based on your objectives. We are human and your objectives will likely change with evolivng circumstances. Your strategy is a living document tailored for you with flexibility and liquidity as key components. Progress is regularly measured and reported to ensure your targets are being met. No surprises! Your strategy is chosen on merit as the one that will serve you best. We have no supply requirement or commitment to any entity or organisation.
Congratulations for those that have accumulated wealth for retirement…..you have travelled half your journey and the return trip now begins! The change of focus from accumulating wealth to preserving and spending it through what may be a 25-30 year retirement period is a challenge. We provide you peace of mind by illustrating how long your funds will last at your chosen level of spending. You will have confidence to take that overseas trip, provide support to children or make extra donations to favourite charities, in full knowledge of how these actions affect your financial longevity. Your investment strategy is structured so funds can be drawn with confidence throughout any investment market situation.
There is nothing “romantic” about insurance. However, your ability to earn an income is probably your most important asset, and the consequences of a disability or extended illness that prevents you working could be devastating to the financial security of your family…...and your financial plan. Through consultation with our specialist independent broker MedSure you can be confident your insurance will provide cover that is necessary, effective and at the best price possible.
The amount you are likely to accumulate within KiwiSaver over your working life is substantial, and engaging with specialist advice is critical to ensure you maximise this opportunity. As there are many options available, it is essential you understand your KiwiSaver investment strategy and how this will contribute to your retirement objectives. We make sure you are with a scheme that will work for you and measure progress with you on a regular basis.
Any workplace scheme where your employer contributes funds to your retirement position provides an advantage that needs to be maximised. There is a range of Superannuation product out there, be it through National Provident, District Health Board offerings and other schemes. As amounts accumulated over time are likely to be substantial, this deserves your attention to detail. What was a suitable strategy at the commencement of your career is unlikely to be appropriate as you approach retirement age. Prudent selection and review of your Superannuation scheme provides opportunity to align outcomes with your specific needs. After many years serving our medical clientele, we are familiar with the schemes on offer, and can discuss advantages/disadvantages with you.
If you have worked overseas, you will likely have entitlement to an offshore pension. Detailed (and ever changing) rules apply in respect of taxation and transferrability. This is a complicated area and through years of practical experience we can assist you with an independent overview.
Your staff are an important asset for you. Recognising this, we provide workplace seminars advocating financial literacy to your employees (often integrated within a CPD programme). These sessions encourage your employees to make active financial decisions that will help them on their pathway to financial security. Subject matter encompasses the need to plan and save for retirement, the role of KiwiSaver and active decisions possible to achieve financial goals. We do not charge for these seminars. Content is generic and not self-serving. We believe it is important to spread the message to help as many as possible build a financial base that is relevant to them.
This article was first published in the NZMJ Digest 19 June 2020.
Hamish McPhail presents a practical example of how we can project our client's retirement income position using illustrative financial planning software and help bring clarity to our clients position so they can make informed decisions throughout their retirement horizon here.
MFAS in conjunction with NZ Funds Management Ltd and NZMA provided an Investment Update and Why Now is the Time for Advice presentation.
Women in Health Network (WiHN) nurtures the next generation of women health leaders in New Zealand. WiHN is a community of health students and professionals who are committed to enabling all women to have a fair and fulfilling experience entering and working within the health sector.
MFAS are very proud supporters of this great team!
Please contact us for a copy of the NZ Funds Managed Portfolio Service Product Disclosure Statement.
If you are a partner in a medical practice or looking to become a partner, then you need a good understanding of what risk protection (if any) your partnership agreement includes, as you need to ensure your personal insurances work in conjunction with cover afforded by the business.
We all need to have a good working relationship with the bank. Not only do banks provide core services so we can conduct our everyday transactions but also very few of us are in a position to buy a home or service business enterprises without support and finance options from a bank. We also need our banks to be profitable so there is stability in the supply of essential services.